Foundersbacker | Empowering corporations to embrace circular innovation

Before we get into today's topic. Here is the good news we are coming up with the first internal startup -  Upcyqlo. This is Foundersbacker's first internal startup! Upcyqlo tackles plastic waste head-on, not by recycling, but by upcycling. They aim to minimize plastic use by transforming it into something new and valuable, creating a bigger positive impact on the environment. ----------------------------------------------------------------------------------- Main Topic  Unlocking Your Potential: The Formula for Grit, Growth Mindset, and Lei Jun's Inspirational Journey The Grit Formula: Unveiling the Power of Effort and Skill The path to success is paved with both talent and effort. While natural aptitude plays a role, it's our unwavering dedication and consistent practice that truly transform potential into reality. The formula for grit, the unwavering determination to achieve long-term goals, can be expressed as: Talent * Effort = Skill This equation highlights the f...

During my recent business trip to Indonesia, I made significant progress in penetrating the Indonesian Chinese community, which controls a large portion of the country's economy. While I can't share too many details due to confidentiality, I can share some insights from my Toastmasters club speech last night. The Formula for Grit The formula for grit is deceptively simple, but putting it into practice is a lifelong journey. Talent x Effort = Skills Skills x Effort = Achievement Before reading the book "Grit," I believed that talent was something you were born with. But the author argues that talent is a combination of interest and one to two years of cultivation. This is why the book emphasizes the power of "ten years of sharpening your sword" and "10,000 hours of practice." It takes two years to find your talent and eight years to accumulate the necessary skills. Stackable Skills In my experience, skills are stackable. One of the key reasons I dec...