Latest / Authentic Living / Harnessing AI and Mindset: Mohamed Ahmed on Transforming Entrepreneurship
Transcript
- 0:01Welcome to Authentic Living with Roxanne, a place where we have conscious conversations
- 0:08about things that really matter in our lives.
- 0:12And now here's your host, Roxanne Durhaj.
- 0:40Hi, everyone.
- 0:40It's Roxanne Durhodch.
- 0:42It's Authentic Living with Roxanne, and thanks so much for hanging out with us again today.
- 0:46Today, have an interesting guest, Mohamed Ahmed.
- 0:50Mohamed brings a fascinating background with lots of things that he's done.
- 0:55Mohamed, welcome to the podcast.
- 0:57Well, thank you very much, Huxane, for having me.
- 0:59Yeah, it's a pleasure to be here.
- 1:01Okay.
- 1:01So let me tell you a little bit about him.
- 1:03And obviously his entire bio will be in the show notes.
- 1:06He is the author of a book that was released in December called Inside Out Entrepreneurs.
- 1:12He guides founders to build mental resilience to navigate high growth, having founded,
- 1:19scaled, and exiting multiple AI driven businesses.
- 1:23And he understands the intersection of technology, business, and execution.
- 1:27He's done amazing things and worked with huge companies.
- 1:31Some of the highlights is 30,000,000 in AI driven sales enablement at Intel with four
- 1:37months by accelerating enterprise AI adoption.
- 1:40That's one of the many things he's done.
- 1:43And he complies his experience with technology leadership from and dealt with places like
- 1:49Intel, Amazon, Microsoft, and kind of deep insight into entrepreneurial psychology.
- 1:55So, Mohammad, tell us what got you on this path.
- 2:00Now I know AI, we're all trying to kind of figure things out.
- 2:04You've obviously kind of been on a path with the amount of work that you've done.
- 2:08I would say when you were a little boy, did you want to be at AI?
- 2:11But I would say that probably didn't happen.
- 2:14Yeah.
- 2:14I'm older than that than anyone that started hearing about AI.
- 2:20But just maybe quickly about my background and what brought me to what I'm doing right now.
- 2:26So I started my career as an engineer and I worked extensively on advanced products with
- 2:32big companies like Microsoft, Amazon.
- 2:35I joined also a couple of startup companies.
- 2:39And I thought back then that I'm ready to build a startup and jump from the big corporate being
- 2:45focused on product engineering to become a businessman and build a company, a billion
- 2:50dollar company.
- 2:51That was my dream.
- 2:53And I thought, okay, I learned that complex technology.
- 2:56What would prevent me from learning how to build a business?
- 2:58I can learn it.
- 2:59I can do it.
- 3:01And a few years ago, I did the job and I decided to build my own startup.
- 3:07Before that, as many others in our field, I studied a lot.
- 3:11I even took a certificate in entrepreneurship from Stanford.
- 3:15I talked with lots of entrepreneurs and VCs.
- 3:18And I started the journey and then gradually I started to notice that I'm making all the
- 3:24mistakes that everyone told me not to do.
- 3:28And not because I did not know about the situation because it was, I was out of balance.
- 3:34It was some sort of a self fulfilling prophecy.
- 3:36I was always saying to myself in my head, I'm going to fail.
- 3:40I'm going to lose the funding.
- 3:42I'm going to, my product is not going to make it.
- 3:45And actually I was doing all those mistakes.
- 3:48Midway, two years after founding the company and going through loss and loss of setbacks, I
- 3:54decided to pause and just to look back and see why is that happening?
- 3:59And I almost had a panic attack at that point.
- 4:04And with the help of some mentors, I started to look at things differently.
- 4:09I started to focus more on what's inside me rather than focusing on the business KPIs and
- 4:17the numbers and so on.
- 4:19And things started to turn around from that point.
- 4:22I learned about what does it mean to be resilient?
- 4:24What does it mean to have a balanced point of view about your business and yourself?
- 4:30What does it mean to separate your identity from your business so that you're able to work
- 4:36on the problem properly with the right mindset?
- 4:39Also the definition of mindset.
- 4:41All of these were taken for granted.
- 4:43Though I realized, no, actually I still have a lot to learn.
- 4:46I still have a lot also to build in myself to become a successful entrepreneur.
- 4:52So, two years after or five years total after founding the company, I was lucky to sell the
- 4:59company and then spend some time to really think again and ruminate about that experience.
- 5:05And that what made me write the book.
- 5:08I said, look, all those experiences, all those setbacks, they're painful.
- 5:14Many others go through many other entrepreneurs go through, but that need to stop.
- 5:20They do not need to face the same problems.
- 5:22They need to be educated about what really matters.
- 5:25Marketing and sales and fundraising are important.
- 5:29No doubt about that.
- 5:31But if you're as an entrepreneur not approaching it the right way, especially that
- 5:34entrepreneurs are the most important element in all of that, they bring everything together.
- 5:38It's not going to work.
- 5:39And that's why until now we have more than ninety five percent failure rate in the startup
- 5:45world, not because of just only the products do not work, but there is that the human element
- 5:52in the entrepreneurs that need to be fixed.
- 5:55And that I made it actually my mission since then, that I need to make sure that any
- 6:00entrepreneur that I work with or I touch one way or another, they their problems are an
- 6:06upgrade of mine.
- 6:07They're not facing the same problems that I had before.
- 6:11Because you're the same person that had the same technical skill going from working with
- 6:16these huge companies to going on your own.
- 6:18So there definitely was a shift in mindset that had to occur working with bigger companies than
- 6:25starting your own.
- 6:26So what was the biggest shift that you realized?
- 6:29You'd go in and, like you said, you'd work with some huge companies like Amazon and Microsoft.
- 6:34Like, you're working with these huge companies and they're having you in to help them with
- 6:39strategy around is it generally around AI that you are working in in those companies?
- 6:44Yep.
- 6:45Yeah.
- 6:45Absolutely.
- 6:46And we'll come definitely to the AI and how that can Yeah.
- 6:49Make a big difference in the journey of the entrepreneurs.
- 6:52But working in big companies is like you're swimming in a warmed up pool.
- 6:58You have your own lane.
- 7:00You have a bodyguard sitting aside, or sorry, a guard sitting aside.
- 7:04Yeah.
- 7:05Just watching after you making sure that you're okay.
- 7:08That's pretty much like working in big companies.
- 7:11Working in a startup is pretty much like someone threw you in the middle of the ocean,
- 7:16in the middle of the night, cold water, and you do not know where is the shore, where to go
- 7:21from that point.
- 7:22So it's just a free form of everything.
- 7:26You have the danger of running out of resources every day.
- 7:29You have the danger of failing.
- 7:31You do not have the guidance as you would have it in big companies through your manager and
- 7:36the rest of the system.
- 7:38And your goal is to just to go and make money, which is similar to finding a shore or just
- 7:43going, getting yourself out of that cold water in the middle of the night.
- 7:47So that's actually the difference between working on those big corporates into and moving
- 7:51into startups.
- 7:53That's, if you think of it, just think even of that analogy that I gave or that visualization,
- 7:59the first thing when someone throws you in the middle of the ocean at night, if you panic and
- 8:06start moving very fast, you're going to exhaust yourself.
- 8:09You're gonna run out of energy and eventually drown.
- 8:13But if you cool down, start forming a perspective and okay, what do I need to do
- 8:20right now?
- 8:21How much time do I have?
- 8:22How much energy do I have?
- 8:24Where do I need to go and just cool down a bit?
- 8:26Maybe the shortage just a few yards away from where you are or what you need to just cool
- 8:31down, orient yourself, take a look around and then just move in the right direction.
- 8:36As opposed to I want to move fast.
- 8:38The hustle culture that we always, you know, fall, fall victims off, just work day and
- 8:43night.
- 8:43If you need to wake up, wake up 4AM in the morning and you need to do this, you need to do
- 8:47that.
- 8:47Just move fast, move fast.
- 8:49And in the middle of all of that, you get you lose your sense of direction.
- 8:53And big companies, they definitely tell you to work fast and move more.
- 8:57But they have the lane set up for you.
- 9:00They have everything set up for you to move fast safely.
- 9:03But in the startup world, this is not the case.
- 9:06And that definitely can cause lots of issues.
- 9:09Absolutely.
- 9:11And I transitioned from corporate as well, Mohamed, into my own fourteen years ago.
- 9:16And you're so right.
- 9:18You're thinking you need to do it all yesterday.
- 9:21You can't take a day off.
- 9:23Your family suffers because in the interim, you're on all the time.
- 9:27I like that analogy.
- 9:28And the shore could be right there.
- 9:30It's like diving.
- 9:31I dive, right?
- 9:32And if you're too panicked and shallow, you use all the air in your tank.
- 9:37But if you just slow down, you just adjust the time based on your perceived length of your
- 9:43dive versus if you're in panic, you're having to ascend a little bit earlier.
- 9:47So I love I love that whole concept of just this now you're it, but you have to really kind
- 9:53of parse out what's step one and what's step two and things like that.
- 9:57And and a lot of entrepreneurs and startups go through, I think, a lot of different things.
- 10:01So what was one of the most valuable things you learned about mindsets early on?
- 10:07Yes.
- 10:08Maybe now the first year, but maybe into the second year that really you started to apply
- 10:12them made a difference.
- 10:13Yeah, absolutely.
- 10:14First of all, the definition of mindset, this is one thing that I started to learn.
- 10:19What's the mindset?
- 10:19When I started asking myself, what does it mean to have a certain mindset?
- 10:23And a mindset in very simple terms is your tendency to think in a certain way towards
- 10:30external event.
- 10:31And I can give an example.
- 10:32If you believe that everyone around you do not have bad intentions, they're good, they really
- 10:37want the good for you, and you just walk down the street in New York City and someone tells
- 10:43you good morning, what's the first thing they're gonna say?
- 10:45You're gonna smile and say good morning.
- 10:47Right?
- 10:48But if you believe otherwise that everyone is trying to get something out of you, they're
- 10:52just trying to use you one way or another, and someone says, does you just stranger tells you
- 10:57good morning in the same situation.
- 10:59What would be the first thing that you think of?
- 11:01Oh, he needs something.
- 11:02He or she would need something.
- 11:03There's something fishy there.
- 11:05Something not right there.
- 11:06That's the definition of a mindset.
- 11:08The first one is positive.
- 11:09The second one is negative.
- 11:11So, that's the first thing.
- 11:12That's the foundation of just what does it mean to have a mindset?
- 11:15Again, in simple terms, you're a psychology expert, so you definitely have more deeper
- 11:20definition of that.
- 11:21But I was just trying to resonate and make find a definition that makes sense to me.
- 11:27Now, okay, the second thing, the biggest learning for me or second biggest learning for
- 11:32me is that you do not run with a single mindset as an entrepreneur.
- 11:36You have to have multiple mindsets, definitely a positive mindset, growth mindset, a challenge
- 11:42mindset.
- 11:43All of these, you need to have them inside you and you use each one of them at the right
- 11:51situation.
- 11:51If for example, if you have one of your biggest customers about to, let's say, cancel the big
- 11:58contract with you, in that case, you have to have a, I would say a growth mindset.
- 12:04Use that as a way to build deeper relationship with the customer because they're probably
- 12:10going to want to cancel the contract because there's a problem that they're facing.
- 12:14Okay, now I have a chance to help them fix that problem, whether it's a budgeting problem or a
- 12:18problem with my product.
- 12:20So the mindset, the right mindset, reusing that right mindset, that specific situation would
- 12:25make you progress further.
- 12:27And so on.
- 12:28That's something that I learned a lot throughout the journey that first of all, check
- 12:34your tendency and check what kind of mindset you have.
- 12:38Second, just have some sort of a list of mindsets.
- 12:42And I talk in my book about six, the top six mindset that any entrepreneur should have in
- 12:48their journey.
- 12:50And then from that point, you always check yourself.
- 12:53Do I have the right mindset?
- 12:54Am I calling the right mindset in the right situation or not?
- 12:59And then you move on from that point.
- 13:01Those are just the foundations.
- 13:02And then the book actually talks about different strategies, how to check yourself,
- 13:07how to call the right mindset and so on.
- 13:10But those, I would say this is the core of my overall learning about building a balance as an
- 13:18entrepreneur.
- 13:19And then everything starts from that point because now you start to orient yourself as a
- 13:24human and the whole thing and being an entrepreneur, being a dad, being whatever your
- 13:29position in the society and in this world.
- 13:33Absolutely.
- 13:34Because with my book, ROR, I talk about the leader being mentally aware of the radius,
- 13:40mentally, emotionally, psychologically, spiritually of the space of that force field
- 13:45that he or she has around them.
- 13:47So if you're kind like to your point, if they're so absorbed and you're depleted and
- 13:51you're burnt out, then you're less likely to recognize what's happening to Roxanne who's on
- 13:57your R and D team or James that's on your sales team because you're so self absorbed because
- 14:03you're trying to kind of do everything like it's going to be critical.
- 14:07So I try to teach them about that space within themselves, which is ultimately what I hear you
- 14:12saying, Mohamed.
- 14:13Because if you're part of a a bigger a system, like, to your point, you have sales, you have
- 14:18marketing, you have PR, you have all those people, and then they give you when I was in
- 14:23corporate, it would be like, okay, Roxanne.
- 14:24Here's the marketing report based on that new product.
- 14:26So you're meeting with this client.
- 14:28Here's the trending analysis.
- 14:29Here are the concerns that have come up.
- 14:31Here's how we've rectified it.
- 14:32And then I would just go off, have the quarterly meetings and things like that until I
- 14:36got to my own, and then I was it, Mohammed.
- 14:38And then I was like, oh my goodness.
- 14:41With a skinny little team around me.
- 14:43So I get what you're saying.
- 14:45In reference to, you said there were six kind of mindsets.
- 14:49So there's mindsets that people need to figure out.
- 14:52And if they maybe they know it, maybe they don't realize, maybe they're better at some and
- 14:56they have to learn some ways to adapt if they don't have a particular mindset.
- 15:01What are some of the other things that you teach in the book that might be helpful for
- 15:07someone that has a basic business, but is scaling up and looking at a trajectory of a
- 15:13three to five or ten year growth strategy?
- 15:16Absolutely.
- 15:17One other thing that I talk about a lot is the concept of conditioning yourself for the
- 15:23business.
- 15:24Think of building a startup pretty much like climbing a mountain.
- 15:27And if you talk to any mountaineer, any professional mountaineer, they would tell you
- 15:32before we start our journey, we would do certain conditioning before a few months before
- 15:36it, mentally, emotionally, physically, of course.
- 15:41And even they need to make sure that their life, their personal life is ready for that.
- 15:45So the same thing when it comes to building a business or a company, you're changing your is
- 15:50a is a challenging, non forgiving journey.
- 15:55And you need to make sure that you're ready for it.
- 15:58Based on that, then you need to condition yourself.
- 16:00There are different dimensions that you need to also condition yourself on.
- 16:04I talk about five dimensions in the book.
- 16:06One of them, for example, is definitely the mental.
- 16:10And we talked about the mindset and you need how to build the resiliency and robustness in
- 16:15your mindset so that you keep yourself always in the right mindset or bring yourself back if
- 16:19imbalance took place.
- 16:21Another one, for example, is your network, your support system.
- 16:25How do you build a good enough support system that would help you when you're not ready to
- 16:31support them, but they would be ready to support you.
- 16:34For example, at that specific dimension, I always say the family of the entrepreneur are
- 16:40as special as the entrepreneur him or herself.
- 16:45And they need to be also conditioned for that journey.
- 16:48So as an entrepreneur before that, you need to tell them what to expect, what's going to
- 16:53happen.
- 16:54A quick story.
- 16:55I was working with an entrepreneur and he raised $5,000,000 his wife because he did not
- 17:01really she did not really know about what does it mean to raise $5,000,000 She thought that
- 17:07they became millionaires.
- 17:08She thought that the company, because they basically raised for a company valuation that
- 17:13worth 15 or $20,000,000 and he owns 50%.
- 17:17She thought, okay, now we have that a million dollars.
- 17:19But in reality, in business, it's just something on paper.
- 17:22You're not done until you're done, let's say selling the company or going IPO and sell your
- 17:27stock in the public market.
- 17:30So that expectations, if it's not right, it can exhaust people, can cause you know, a lot of
- 17:37stress in relationship.
- 17:38So educating them would set the right expectations, and would make them also support
- 17:44you.
- 17:45Also having the right people around you in the journey, like a mentor, an advisor and a
- 17:49friend, and how do you really interact with all those roles in different ways, and have the
- 17:54right mentor, have the right friend and so on.
- 17:56So the whole idea of conditioning, in my point of view is also very important.
- 18:02Because again, you cannot just jump or decide to do the journey.
- 18:05Think of you saw a mountain, you're just walking by a mountain, you're wearing jeans,
- 18:11maybe flip flops, and you say, you know what, I'm going to just start climbing the mountain
- 18:15right now.
- 18:15What do you expect?
- 18:17A whole lot of blisters.
- 18:19So it's not going to work, right?
- 18:21Not only for at the physical level, but also, you know, as you go and it becomes harder,
- 18:27darker, colder, less oxygen, How are you going to face all of that?
- 18:32It's the same thing.
- 18:33When you go and do your build your company, less of everything is going to take place with
- 18:39you.
- 18:40Are you ready for that?
- 18:41That's something that you need to be ready for.
- 18:43And the book talks about those dimensions and how to prepare yourself for that.
- 18:47And I would think that the strategy for year one to two is different from a growth, like,
- 18:52say, to five years out.
- 18:54So is there a shift that, like, when you and I'm gonna assume that you coach these
- 18:59entrepreneurs with this book.
- 19:02So what's the difference in some of the tools?
- 19:04Right?
- 19:04We're mountaineers again.
- 19:05We've kind of gotten to the first level, but we have a couple of levels to go up to be able to
- 19:12ascend.
- 19:13So what are some of the things like once they've kind of know, okay, I've survived two
- 19:18years, my family's still intact, we're making a bit of money maybe, we now have an entity and
- 19:25now we can start to scale a bit.
- 19:27What kind of things do you start to kind of project forward with people say in the three
- 19:32to, you say five years, ten years?
- 19:34That's a great question.
- 19:35I love the question.
- 19:36Now, at the beginning, it's all about you making that shift in the first one or two years
- 19:42from being whatever the identity that you had to becoming an entrepreneur and businessman or
- 19:48woman.
- 19:50After that is how do you scale your mindset and scale your set so that your company scales with
- 19:57you?
- 19:57For example, if you insist on doing the marketing yourself, you're never gonna hire
- 20:01your VP of marketing or head of marketing.
- 20:03You're not gonna be even if you hire them because you have to, or give them the day to
- 20:07day, but you're not gonna give them the space to do.
- 20:10For example, one of the things that I started to learn as my team grew is how do I have
- 20:15tolerance for mistakes, for others making mistakes?
- 20:19How do I have tolerance for different ways of doing things than me?
- 20:24Those are things that entrepreneurs as they now get from just a small company of a few people
- 20:29that they know very well to a bigger company.
- 20:31They need to scale themselves into Because I have a rule as your company is going to scale
- 20:39as fast as your mindset is scaling with you.
- 20:42Right?
- 20:43If you're not able to, you're going to suffocate your business.
- 20:46You're going to slow it down.
- 20:47You're going to become a roadblocks for your company.
- 20:51And this is something that will make a big difference now, year two, three, four, assuming
- 20:58that your company is growing.
- 20:59If you pass the first stage, you're gonna definitely graduate into the second one, which
- 21:03is how do you grow?
- 21:04How do you accept others?
- 21:05How do we now even project this to others?
- 21:08Because you're going to see people around you also facing the same issues and problems.
- 21:13They think that they're going to fail.
- 21:15So how you're going to share your story with them and inspire them?
- 21:18You think that your company, some of your co founder might also be facing the same issues
- 21:24and challenges that you faced one or two years ago.
- 21:26How are you going to help them overcoming those challenges?
- 21:30Because it's not unique only to you, it's going to happen to others.
- 21:33So, if you do not have the foundation to solve that, fix that yourself, for yourself, it's
- 21:38going to be very hard to fix it for others as well.
- 21:41Really, that whole element of the microscopic, you have to shift away from that.
- 21:46And I often, in speaking to others that have kind of accelerated, they recognize that you
- 21:51hire the right experts.
- 21:53But to your point, it's that relatability to know, Mohamed does this completely different
- 21:58from Roxanne, but let's see what Roxanne's capacity is.
- 22:03It may not be exactly the way Mohammed works, but ultimately, if you've hired them or brought
- 22:07them on, you're bringing them on because they've demonstrated some capacity somewhere
- 22:13else, but you have to nurture that.
- 22:15And that's why I often say with CEOs or leaders, you have to be aware of your internal
- 22:20space and recognize when you're depleted.
- 22:23Right?
- 22:24If it's your season where you're having to burn the midnight oil a little bit more, that you
- 22:29may be off, your thinking may be a bit skewed, you might be a little bit less engaging, those
- 22:35types of things that you have to really tap into that and think, What do I need to do?
- 22:39Because if you're not 100 there as the person that's in the middle of the hub, then people
- 22:47are going to get that energy off you, which is what I think you hear you saying.
- 22:50Just allow them to evolve.
- 22:53That's why you peed them and brought them on.
- 22:55But if you it's like giving up the first having the firstborn and trying to give up the
- 22:59firstborn to evolve into the second.
- 23:01Right?
- 23:02You have to create a different strategy in that way.
- 23:04Absolutely.
- 23:05Absolutely.
- 23:07So let's talk a little bit about you had said there's different strategies and when people
- 23:14are going out, say, for funding or they're going to look at things like VCs and stuff like
- 23:19that.
- 23:19Is that another thing that you talk about with expansion in your book?
- 23:23Like, then, like you said, this particular entrepreneur you were talking to got the
- 23:28$5,000,000 funding.
- 23:30Again, it's a mindset thing, right?
- 23:31Like I've expanded, I've done we've grown the business, but now we recognize we want to scale
- 23:36up more.
- 23:38Is there a different mindset at that point where if they're wanting bigger funding that
- 23:42they have to get into?
- 23:44Yeah, the principles are the same, but it's now you're doing things more and more through
- 23:51people around you.
- 23:52And that's why the people leadership becomes more and more important.
- 23:56I remember in the early days of my startup, I used to look at codes.
- 24:01And then after one year when I had the engineers and the product manager, I started to
- 24:05look at tickets.
- 24:06And then after that, I started to read documents.
- 24:08And then after that, it was all email, just reading email and coordinating things together.
- 24:14So that progression is all about that tells you that I'm more and more dependent on people to
- 24:20do the work.
- 24:21And also another thing that I encourage lots of entrepreneurs as they grow is to develop their
- 24:28patience.
- 24:29Because one of the big, I would say, issues that many entrepreneurs fall into as the
- 24:35company grow, they still insist to run the company with the same speed that they when they
- 24:41had two or three engineers only.
- 24:43When you have more people, they need to sync up with more with each other more.
- 24:47It takes more time to finish things.
- 24:49It takes more time for all of these to move together.
- 24:52You're not only now it's not only yourself.
- 24:54So developing that patience and the right expectations from people is very important.
- 25:00And we have lots of cases that we hear off right now.
- 25:04Even seasoned entrepreneurs, they try to rush things very fast, too fast, and they end up
- 25:10screwing things up because they thought, okay, I'm the fastest.
- 25:14I know everything.
- 25:16And they forget about others experiences, do not respect them anymore because their
- 25:21successes, previous success sometimes make them think that their way is the right way.
- 25:26Let's just keep doing it.
- 25:28And that's also another trap that many entrepreneurs fall into.
- 25:31They become the victims of their success.
- 25:34They eventually
- 25:34Because the autonomy that's needed at the beginning, you have to technically, what you're
- 25:39saying, you have to shift you are the one that had that original idea or had the pro like you
- 25:45said, the product, but you have to almost shift from autonomy to collaboration in order for the
- 25:52growth to occur.
- 25:54Exactly.
- 25:54Now it doesn't mean that you do not make decisions.
- 25:56You're still the ultimate decision maker of the company and so on, but you need to make sure
- 26:00that your decision will involve others.
- 26:04And if you believe, and it's all about coaching others and moving them forward with you.
- 26:08I'm a big fan of Simon Sinek.
- 26:10He has three books, Start With Why and others.
- 26:13And it's all about providing that safety for everyone in your company to critique you,
- 26:19critique the way, feel that they're safe.
- 26:21They're not going to be fired because they're not moving the same way that you wanted.
- 26:26They have they still going to achieve the goal, but because it's just your perception.
- 26:30So all of these are really important.
- 26:32And Simon Sinek has a really nice quote.
- 26:34He says, if you do not know people, you do not know business, you're going to eventually fail.
- 26:40So business is all about people working together.
- 26:42Whether this is your own employees or your customers or your partners or your VCs, anyone
- 26:47in a human that you deal with.
- 26:49If you know that if you really mastered the key to dealing with others, that would make you
- 26:55eventually successful, Maybe not in the current business, but then maybe in the next one.
- 27:01And in life in general, people are going to remember about what you stand and you stood for
- 27:06and who you are.
- 27:07They're not going to say he was a great person because he was, I don't know, dollars
- 27:10100,000,000,000 worth of person.
- 27:12That's not what people are going to remember you for.
- 27:16Absolutely.
- 27:17To your point, that element of innovation and psychological safety, I think, goes hand in
- 27:24hand.
- 27:25Because if people are not safe enough to bring forward a different idea or a different
- 27:31approach, or even if people make mistakes in the company and the approach that comes from
- 27:37senior leadership or from the CEO and how his or her approach is to those concerns, Rainey
- 27:44makes people think, okay.
- 27:45I can risk potentially fail or fall over a bit, but I can I can we can learn from that as a
- 27:52different perspective versus, oh, here comes the CEO walking down the hall and you see like
- 27:57a mass kind of exodus of everybody, right?
- 28:00That's And unfortunately, Valley has famous stories around that.
- 28:05Yeah, you've been there so you've probably lived it.
- 28:09Now with your expertise and all that you've done with AI taking us, you know, the kind of
- 28:16what you hear about the frenzy about it's going to take us over, tell us the perspective about
- 28:22augmentation and application and things like that.
- 28:26And I know we had talked about a couple of things that we could talk about maybe starting
- 28:30with kind of with startups using AI and some guidance that you could might be able to give
- 28:35entrepreneurs listening or leaders that may be starting to embrace AI a bit more.
- 28:41Yeah, absolutely.
- 28:42Now, first of all, I would like to encourage all the entrepreneurs not to fall into the trap
- 28:47of, okay, I'm gonna just have the AI, I'm gonna make only one person billion dollar company and
- 28:52I do not need people.
- 28:53That's definitely not gonna happen or I don't see it happening.
- 28:57AI definitely is just helping us to do things better and faster than before, but you still
- 29:03need the human intelligence.
- 29:04If you think of the AI and how it works, it looks backward.
- 29:08It basically learned from whatever we produce in the past as humans, but it doesn't look
- 29:14forward.
- 29:15It does not create new ideas.
- 29:18It may give you the illusion of new ideas, but they're not.
- 29:21So the original ideas and creative ideas will still come from humans.
- 29:28Because again, humans are way more complex than whatever we think of at the moment.
- 29:33That's just a fundamental point.
- 29:36But definitely AI is going to make a big difference in how we work and how we perceive
- 29:43things in the future.
- 29:44I have a hypothesis or theory.
- 29:46I think we're going to have an explosion of startup companies in the next five to ten years
- 29:52because now it's becoming much cheaper, much faster than before for you to try a new
- 29:57business idea.
- 29:58Think of it when after the year 2000 around 2010, cloud computing came in and lots of other
- 30:06technologies came in.
- 30:07They became very cheap, very unavailable for anyone.
- 30:11And we had many companies coming up.
- 30:13Uber came up because of the cell phones.
- 30:16Airbnb is the same.
- 30:17All those companies came because of the new technology that came in.
- 30:21I believe that we're going to have a new breed of startups with much bigger numbers, way more
- 30:26startups, way more people are going to try to build their own companies.
- 30:30So that's number one.
- 30:31This is a major trend that is going to take place.
- 30:35Now, the question here is how can I make use of AI in all of that as an entrepreneur, as a
- 30:41leader?
- 30:42As I said, do not think of AI as replacement of humans.
- 30:45AI is gonna make humans able to do more.
- 30:49There's a really nice economic theory or low in other words, right now it's called Javen's low.
- 30:56And it talks about a few things in economy, the cheaper they get or the more accessible they
- 31:03get, the more we consume of them.
- 31:07And think of energy, the cheaper it gets, the more available it gets or excited, the more we
- 31:13use it.
- 31:13Think of compute.
- 31:14We know that microprocessors gets cheaper by half and double their performance every 18.
- 31:20And yet we cannot have enough of it.
- 31:23So the same thing to human production and human work is gonna get, if AI is going to make us
- 31:31finish things in half time, this means that we need to do, we want to do more because it gives
- 31:37us that satisfaction.
- 31:39So you need to think as a leader is okay, if you're, it's a limited mindset.
- 31:45If you think, okay, I can now make the AI do the job of five engineers, let me fire them.
- 31:51That's wrong in my point of view.
- 31:54What you need to do is, okay, let the AI do what they used to do and make them do something
- 32:00really creative that would truly differentiate you.
- 32:03Because probably what you're doing with the AI right now, thousands and thousands of others
- 32:07are thinking or already doing it the same way that you're thinking of.
- 32:10So you're going to differentiate yourself with people, not with AI.
- 32:15So that's one thing.
- 32:17Now let's get a bit more tactical.
- 32:20How can you use AI as a leader, as an engineer, as an entrepreneur to make your life easier?
- 32:26I see it in three main things or three main areas.
- 32:29Number one, definitely AI.
- 32:30You can use AI as a catalyst for new ideas.
- 32:33If I'm writing a new paper or even thinking of my next book to write and share it with the
- 32:39outside world, the AI is not going to write it for me, but the AI can collect the research for
- 32:44me.
- 32:44It can critique some points of view based on some background that I give give it as I do the
- 32:50research or write my draft.
- 32:52So using it as a companion, not as a tool would help a lot.
- 32:57So that's hack number one.
- 32:59And then having that conversation and feeding your companion with as much as possible.
- 33:04Some details is really important.
- 33:12So companionship versus completely replacing, which is what I think the biggest fear is
- 33:19oftentimes.
- 33:20Correct.
- 33:21People are petrified versus seeing it as a creative element.
- 33:26What I love about what what you said is, it's freeing up the time to get more innovation and
- 33:32creativity to the engineers that you have that maybe could so not thinking that get rid of
- 33:38them altogether because what's the value.
- 33:41I often say that out of something new, there's innovation.
- 33:45If they think of the things that we can do now, if I'm writing a speech, I'm like you, I'm
- 33:50thinking, okay, what are the main points of my book?
- 33:52Who is my audience?
- 33:54What kind of things might, you know, engage them.
- 33:58But ultimately, I'm writing my own speech and but trying to think if it's a health care
- 34:02sector versus banking, it's gonna be a different thing.
- 34:05So it's it helps me be more creative and the same as, like you said, with this team.
- 34:10So we're gonna see probably more creativity because of the augmentation.
- 34:15Exactly.
- 34:16That's what I'm thinking just overall.
- 34:18Exactly.
- 34:19And, again, think of it as a companion where you can have that conversation back and forth,
- 34:23and that companion will never replace you.
- 34:25It will never basically be able to produce the same points that you have in mind.
- 34:29Pretty much when you have an assistant in your work, even though they're doing a lot of
- 34:33crucial stuff for you, but they're not going to replace you as an exec or a manager or whatever
- 34:39your role.
- 34:40Now, the second perspective or aspect is use AI to condense knowledge for you.
- 34:48This is also very important.
- 34:51Everyone now produces ton of content and information and ideas.
- 34:57And AI can get you the gist of it very quickly.
- 35:00This is a this is something I usually do and also help you to consume it in in different
- 35:05ways.
- 35:05So if there's a really long article, I just feed it into chat GPT, for example, and give me
- 35:11the summary of it.
- 35:12And then I start interacting with it.
- 35:14This is also a really nice thing.
- 35:15Even if it's a long email, long report, I basically feed it into the AI and I start
- 35:21interacting with the report and I even ask the AI questions that I would ask the report
- 35:26writer.
- 35:27And if there are no answers, now those questions to be addressed by the human.
- 35:31So it saves a lot of time.
- 35:34So that's the hack number two.
- 35:36The third one that I would recommend anyone to use AI for is.
- 35:42Use AI to do some simple, I would say, hacks and planning for your life.
- 35:47I'll give you an example.
- 35:49I write a log every day of what I did or I journal every day what I did today and what I
- 35:53think went well, went wrong, something that I missed, something that I had planned to do
- 35:57tomorrow or maybe next weekend, this kind of stuff.
- 36:00And then at the end of the month, I get that whole document.
- 36:03I feed it into the AI and I start asking questions.
- 36:07What did I miss?
- 36:08What's wrong in my pattern?
- 36:09Right.
- 36:10How can I make the next month more productive?
- 36:14I may, I felt that I felt that those stresses because I've missed such and such.
- 36:18What do you think realistically I should go?
- 36:20Do you think I'm going, I'm basically expecting too much and I need to tune down myself or
- 36:25lower my expectations or not.
- 36:27And I start it's as if I'm having that inner dialogue, but there's more structured way.
- 36:33And then it starts extracting some insights from all those journals.
- 36:37So as if you're going back to your journal and reading it again, but in a different way.
- 36:42With a different perspective on the unconscious, because Exactly.
- 36:46Coming other than your own to say, you see this pattern or this pattern?
- 36:51And potentially when you don't get that much sleep, you seem to be a bit more frustrated or
- 36:55whatever.
- 36:56That's amazing.
- 36:57Yeah.
- 36:58So those are the three ways I would recommend anyone to use AI and a fast moving forward,
- 37:02especially in the business.
- 37:03And if you're a leader in a business or an organization, those are three different ways.
- 37:09If you use it, have the right perspective, I guess you're gonna, have a more fulfilling
- 37:13life.
- 37:14I wouldn't say you're gonna be ahead of everyone else because it's not a race, it's a
- 37:17marathon.
- 37:17We're all in it together.
- 37:19So if you have entrepreneurs listening and they're starting off, what are one or two of
- 37:24the biggest tips that you think you could give them about the journey or the success of the
- 37:32journey?
- 37:32Yeah, absolutely.
- 37:34First of all, you need to know whether entrepreneurship is the right thing for you or
- 37:38not, because it's not necessarily something that everyone would be able to do it.
- 37:43And I'm not saying that entrepreneurs are better than others.
- 37:45Being an entrepreneur is better than working on a corporate.
- 37:49This is one thing.
- 37:49This is the other thing.
- 37:50If everyone is entrepreneur, we're not going to be able to do anything because you need all the
- 37:54roles.
- 37:55Yes.
- 37:55So that's the first thing.
- 37:57And I have a community called Boundless Founder.
- 37:59We offer worksheets and free courses where you can go and assess yourself whether this is the
- 38:05right journey for you or not.
- 38:06So that's the step number one.
- 38:09Know your position, know who you are, know what you really want out of this life.
- 38:14And the second thing, think of entrepreneurship as just a manifestation of your why, why you're
- 38:20doing things.
- 38:21Let's say for example, if it's all about, if you really care about inspiring others around a
- 38:27certain idea that you believe in, that can be done in so many different ways rather than
- 38:31building a product or a company.
- 38:33It could be by writing books, it could be by in academia.
- 38:36It could be in so many different or being a leader in a big organization or being a
- 38:41journalist.
- 38:42Many ways.
- 38:42So what you do is just a manifestation of what you believe in and it can change.
- 38:48Yeah.
- 38:49All right.
- 38:49One day it's a startup.
- 38:51Another day could be a book.
- 38:53And actually, that's how I realized myself.
- 38:56I thought that the startup is really the way for me to do that.
- 38:59And I still a big believer in the startups.
- 39:01But I thought, Okay, if I really want to impact, who do I really believe more in their
- 39:07journey?
- 39:07And I really wanted to impact that.
- 39:09You know what?
- 39:09Entrepreneurs are really very important persons in this society.
- 39:13They're the ones who are take the society, move it forward.
- 39:16So inspiring them is really important.
- 39:19And I can do that with a book.
- 39:21So don't think as as a startup is the only way.
- 39:25And the problem is that unfortunately, media plays a big role in the misconceptions about
- 39:31business and startups.
- 39:32In the news, three young founders, they look bright.
- 39:36They look happy sitting on a couch.
- 39:39The headline is they just with a 10 slice presentation, they landed $10,000,000 And
- 39:45everyone thinks, you know what, they just woke up in that one day, decided to do those slides
- 39:49and they got the $10,000,000 And that's, of course, abnormal.
- 39:52This is not the typical case.
- 39:54And media loves to show you the abnormal as normals to catch your attention and keep you in
- 40:00the loop with them.
- 40:01That's not right.
- 40:02That's also another advice I would usually give to the entrepreneurs.
- 40:06Do not really go and do startups because you fell to school.
- 40:09I saw that person in the media and I'm more qualified than him and he got $10,000,000
- 40:14Probably I'd be able to get it like that.
- 40:16That's not the case.
- 40:17Not seeing that all the things that failed and all the maybe potentially things that they had
- 40:24to do to get there.
- 40:25But of course, you're right.
- 40:26Media is about selling time and getting eyes on the story, so they're doing their job really
- 40:31well.
- 40:32What mindset are you working on now, Mohammad?
- 40:38As you look at your trajectory, what is your goal, let's say, in the next year to three
- 40:43years?
- 40:44And what mindset are you using?
- 40:46Is there something that you want to adapt based on where you're going?
- 40:49Yeah, absolutely.
- 40:51It's definitely the abundance mindset is one of the things that I personally keep working on
- 40:57these days every day.
- 40:58And I encourage a lot of people around me to do that for two reasons.
- 41:03With the with the news and everyone saying we're heading towards a recession, there are
- 41:07layoffs every day.
- 41:08Everyone thinks that there's scarcity in resources.
- 41:11We're not going to be able to make it.
- 41:12I'm going to be laid off, etcetera, etcetera.
- 41:15But in reality, no, we have abundance of resources.
- 41:19It just those resources just waiting for people to extract them and provide the value to
- 41:24everyone else.
- 41:25So living that abundance mindset that there is abundance of resources and opportunities out
- 41:31there that you can go and seize and find your your why or your basically calling in this life
- 41:38as you do that is is something that is really important.
- 41:42This again, think of what is happening with the crowd.
- 41:46You need to go the opposite direction.
- 41:48If they're negative saying everything is gonna go down, you need to go to the opposite
- 41:52direction.
- 41:53It's hard.
- 41:53It's not easy because everything around you every day calling for negative thoughts.
- 41:59But if you just move strong enough towards, again, the opposite in a positive way that
- 42:06definitely make you different first of all, you're and going to eventually make it.
- 42:10I have 100% confidence in that.
- 42:13Being stable enough to recognize that this too will pass, even though we are going through a
- 42:18lot, I think, between our countries and globally, to recognize, like you said, what's
- 42:24my why?
- 42:25You know, what is the I often say in my book, what is the legacy piece that you want to leave
- 42:30behind?
- 42:31And we will continually go through a lot of things in life.
- 42:34That's life.
- 42:35But how much real estate are you going to rent out in your head until this stage passes?
- 42:40Because it will at some point.
- 42:42Mohammad, tell everybody the name of the book again and where they can get ahold of the book
- 42:47and also where they can get ahold of you and the community you were talking about.
- 42:50Absolutely.
- 42:51So then again, the name of the book is the the Inside Out.
- 42:54So here's actually a copy of it.
- 42:55So the Inside Out Entrepreneur and and they can find it definitely on Amazon.
- 43:01There's a big community we're building also around it where you can interact or anyone can
- 43:06interact with other entrepreneurs, share their concerns.
- 43:09And also we have have courses there, free courses, free resources where they can just go
- 43:15and make use of them again to check whether the journey is the right one for them or not, or
- 43:20also to check, learn a bit about marketing and sales in early stages.
- 43:24So the community named isboundlessfounder.co.
- 43:28That's the website where they can definitely also reach out to me through the website.
- 43:33And I'm available on social media as well.
- 43:35Just search me up, Mohamed, F, F for Frank, Ahmed.
- 43:40And you're going to find me on different social media networks.
- 43:43Awesome.
- 43:44Well, has been I've learned a lot as I usually do with a lot of my guests.
- 43:48Talking about things that scare a lot of people, you really made it seem, you broke it
- 43:53down into little bites.
- 43:54So I hope that people listening can recognize that we're all on this journey of being leaders
- 44:00in some, be it in a big company or small, but ultimately that there's things that you can do
- 44:06to manage, whether you're a startup or you're managing other people under fear that we can
- 44:12tap into.
- 44:13Are the people around you are only as mentally well as you are to recognize the value of what
- 44:19you need to project out there so that people can follow in that space.
- 44:23So work on yourself, and ultimately, the business will take care of itself and people
- 44:28around you in turn will work their hardest because we all want to do really good work at
- 44:34the end of the day.
- 44:35So for everyone, thanks again.
- 44:36Mohamed, thanks so much for giving us all the wisdom that you've gained.
- 44:42And for everyone, you know that with the ROR, I'm just about to launch the course on the ROR
- 44:48plus program for virtual leaders.
- 44:50That's going to be starting in June with live coaching.
- 44:53So reach out to me and I can give you more information.
- 44:56Again, Mohammad, thanks so much.
- 44:57Everyone, take care and we'll talk to you soon.
- 45:00Bye bye.
- 45:01Thank you,
- 45:23you next time on Authentic Living with Roxanne.