In this episode, Grey and Myke discuss Myke's school experience, review time tracking data, settle a wager, and talk about the new Tinder-like feature in Slack. They also explore the importance of small improvements, the significance of email lists for internet businesses, and their experience in a product design course. Other topics include disconnecting from technology, identity and business growth, the new 'catch up' feature in Slack, and the stresses of self-employment.
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Quick takeaways
Mike's emphasis on the 'Year of the Weekend' in his time tracking data led to a significant increase in overall tracked hours.
Taking a risk and ordering more sidekick notepad stock than they were comfortable with paid off, leading to a significant increase in sales and business growth.
Deep dives
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As I reviewed Mike's time tracking data from 2022 to 2023, there were two major changes that stood out. First, there was a significant increase in the number of hours tracked overall. Secondly, the introduction of the "Weekend" category had a significant impact on the data. Mike tracked activities that aligned with his yearly theme of the "Year of the Weekend." This included spending time with friends, purposefully taking time off, and making conscious decisions to prioritize leisure and relaxation. This emphasis on the "Weekend" category contributed to the overall increase in tracked hours. It's important to note that the "Weekend" category wasn't limited to tracking specific days, but rather capturing intentional activities and mindset shifts related to Mike's theme. These changes in Mike's time tracking data highlight the impact of his focus on the "Year of the Weekend" and his efforts to prioritize balance and leisure in his life.
Successful Bet on Sidekick Notepad Stock
The podcast hosts discuss a bet they made on ordering sidekick notepad stock in anticipation of a promotional video. They took a risk by ordering more stock than they were comfortable with, but it paid off. The video was well-received, and they ended up selling through all the extra stock they ordered. The success of the product has led to a significant increase in sales and double the business compared to the previous year. Despite the stress and uncertainty, they made the right decision and are pleased with the outcome.
Challenges of Self-Employment and Stock Management
They reflect on the unique stresses of self-employment, particularly when making important financial decisions. The large capital expenditure for the sidekick notepad stock pushed them out of their comfort zone and created a constant low-level anxiety. They both felt the pressure, especially the creator responsible for the quality of the promotional video. The bet paid off, but they acknowledge the difficulty of managing stock and the challenge of predicting demand. They discuss the need to accept occasional stockouts and the importance of finding a balance in stock management.
Lessons Learned and Future Plans
The hosts recognize the success of their bet and reflect on the continued growth and expansion of their product line. They discuss the sidekick notepad as a platform for creating new layouts and bundling products. They plan to take pre-orders when they go out of stock and are learning to navigate the challenges of stock management and production. Despite the uncertainties, they feel confident in their decision-making and are optimistic about the future.
Grey is eager to learn about Myke's experience at school. Myke reviews his annual time tracking data to observe changes and trends. They also settle a wager, and surprisingly, discuss the new Tinder-like feature in Slack.
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