Roundup: AI and the Future of Work

Author

Kyle Balmer
March 09, 2024

Hey Prompt Entrepreneur,

Itā€™s been a big week!

  • Been pushing on Tiktok and just crossed 35k follower

  • I was off in Geneva delivering AI training to a big NGO.

  • Consistently hitting and exceeding revenue targets

  • Prepping an exciting refresh of our main course and community

  • Attended a kick-ass entrepreneur dinner here in London and met some real rockstars

  • Asked to pitch for an international speaking event with a big US tech company (update after writing this - just heard I got it! šŸŽ‰šŸŽ‰šŸŽ‰)

Basically: everything is going well. On the right track.

All sounds great right?

Well - it hasnā€™t always bee this way. Quite the opposite.

Over the last 15 years or so Iā€™ve set up and grown countless companies. One day I need to actually write them all down. Itā€™ll be a hell of a list!

Itā€™s probably close to 30-40 companies and ideas.

Only 2-3 have ā€œworkedā€. The rest crashed and burned.

Now Prompt Entrepreneur is (fingers crossed!) is another success.

Thatā€™s obviously great and Iā€™m very proud of the fact.

But itā€™s important to remember that itā€™s a 10% hit rate. Lower.

This is entrepreneurshipā€™s dirty secret:

  • Most ideas donā€™t get off the ground.

  • Most ventures donā€™t get to revenue.

  • Most businesses fail to scale.

This is just part of the game.

The problem is that most people only take one swing.

They try one business idea. It craps the bed. They quit.

If itā€™s a 1/10 chance of working then chances are your first (and only) attempt will fail. Thatā€™s just the maths.

So you have to keep going.

And going.

And going.

Until something hits.

And it will hit. As long as you keep turning up and doing the work.

This will be next weekā€™s topic.

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Setting yourself up for cold outreach failure (with a demoralizing 97% rejection rate?)

Donā€™t worry! Itā€™s not you ā€“ your time & skills are simply lost on the wrong people.

Thereā€™s a good reason itā€™s called prospecting: your efforts only pay off once you hit a rich deposit.

But even when you do, our studies suggest you might be giving up right before it gets good...

So, let our contextual AI find & follow up with your matches for 676% more replies than cold old emails.

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Until then, keep PROMPTING!

Kyle

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