This week’s FS Weekly Features:
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The Art of Enterprise
A fascinating conversation with Mahmudul Hasan Sohag, co-founder and chairman of OnnoRokom Group, from our archive. Learn about different ventures of Onnorokom Group such as Udvash, Onnorokom Pathshala, Onnorokom Hardware and Software, and Pi Labs, the strategies and ambitions of these ventures, and what makes an ideal entrepreneur.
Founder Story
The Art of Entrepreneurship: Kowser Ahmed, Founder, The KOW Company
Kowser Ahmed is the Founder and CEO of The KOW Company, a Dhaka-based fast-growing content post-production management company serving global clients. Learn how he has grown The Kow Company from a small team of 3 people to a leader in image post-production vertical across markets.
Business Deep Dive
Business Deep Dive: Renata Limited
Renata Limited is one of the leading pharmaceutical companies in Bangladesh. It is not the largest player in the sector but enjoys a market reputation that is uncommon for Bangladeshi companies. Learn about the history, business model, and competitive position of this fascinating company.
Insight
The Failure Framework: Why Successful Companies Fail to Innovate and Ultimately Lose Market Share
Learn why successful and well-managed companies often fail to innovate and lose market leadership despite making sound business decisions.
Brand Story
Local Real Estate Tech Startup BestBari Enables Access to Premium Flat Sales in Dhaka
For many professionals, investors, and affluent people seeking to purchase residential property in Dhaka, finding premium-quality, high-end apartments for sale can often be challenging. Learn how BestBari is addressing this critical gap in the property market by democratizing property access through its online platform, helping property buyers search, find, research, and compare premium, luxury, and high-end properties in Bangladesh.
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1. Real life
"Real life doesn't start tomorrow, or on the weekend. It doesn't start when you graduate, or when you land a job, or when you quit your job. It doesn’t start once you get a handle on your anxiety, or fix your sleep schedule, or finish all the tasks in your to-do list. Real life is made of moments like this. It’s waking up with dread and clutching at your phone for relief. It’s being mildly frustrated at all your friends for the various ways in which they don’t understand you. Real life is wiping the lint from your dryer, it’s scrubbing the same pan clean for the hundredth time, it’s being surprised that even with all the fun of a friday night, you’re just as sad to say goodbye, just as sad as when you were a child.”
"One of the stupidest things I’ve repeatedly seen smart people do – I call this Advanced Stupid – is that they get so fixated on trying to optimize something complicated, that they forget to optimize for survival, and then they get knocked out of the game. Like having a startup trying to do something complicatedly clever, and then running out of money. The thing here is to study the failure conditions – how and why have past players failed to do what you’re trying to do? – and be conscientious about avoiding that.
You do the reading. You look up your predecessors and study why they succeeded, why they failed, what worked, what didn’t. You recognize that whatever understanding you have is provisional, piecemeal, wrong and not-even-wrong to degrees that you cannot understand. If you’re serious, you’ll work at managing your psychology such that you stay motivated to keep going, because if you run out of juice, you’re out of the game. You recognize that your day-to-day motivations will likely change, and prepare for this. You’ll periodically review your behavior to see how things are working out for you. You’ll learn to think about constraints."
“When I see the contrast between people who succeed and fail, I generally witness a similar gap in effort. During my eight years in college, I spent many thousands of hours reading about economics, politics, and philosophy. Since high school, I’ve spent over ten thousand hours writing. When young people ask me, “How can I be like you?“ my first thought is, again, do ten times as much.
Ten times as much of what, exactly? The answer is usually: Whatever you already think the crucial ingredient is. “Why can’t I get ahead in my career? I strive to study and emulate my role models.” Great idea; you just need to multiply your effort by a factor a ten. “How can I save my marriage? I’m really trying to make my spouse happy.” Again, great idea. You just need to multiply your effort by a factor of ten”
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