Authors Alex Banks

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Alex Banks
Alex Banks
@thealexbanks
Climbing the corporate ladder takes time.

10 threads that will accelerate your career:

1/ Who: @RomeenSheth

What: Get in half way up the ladder

Tweet:


2/ Who: @slizagna

What: Resume


3/ Who: @heykahn

What: Soft skill


4/ Who: @SahilBloom

What: Nail the
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Alex Banks
Alex Banks
@thealexbanks
Over 3.5 billion tweets are posted each week.

But most people are reading the wrong ones.

Here are the 10 best tweets from the week guaranteed to make you smarter:

1/ Who: @KurtisHanni

Topic: Build an elite


2/ Who: @heykahn

Topic: Become an effective decision


3/ Who: @amandanat

Topic: Hot takes on life, careers and


4/ Who: @EvergreenMEP

Topic: Upgrade your
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Alex Banks
Alex Banks
@thealexbanks
Building an audience on Twitter is hard.

But with the right tools you can go 10x faster.

5 simple threads that will teach you more about community building than any paid course:

1/ Who: @Nicolascole77

What: How to write things that reach the masses

Tweet:


2/ Who: @brandonthezhang

What: Content frameworks to 10x your


3/ Who: @OneGSisneros

What: Playbook to 20k


4/ Who: @JustinSaaS

What: Simple steps to make Twitter a massive
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Alex Banks
Alex Banks
@thealexbanks
Want to be a 10x better communicator than 95% of people?

Use McKinsey's 3-step Pyramid Principle:

McKinsey is the most powerful consulting firm on earth.

• $10B in revenue
• 30,000+ employees
• 90+ years of history

This is their 3-step process for structured communication:

1/ Start with the answer first

It's natural to build up to a conclusion after presenting the facts.

Instead, give the answer first.

This allows your listener to quickly process your recommendation.

"What should we do?" → "You should do X."

You'll be more persuasive.

2/ Group and summarise your supporting arguments

Your ideas should form a pyramid under your answer.

Your ideas at one level must be a summary of the ideas below.

For each supporting argument, break down into a group of 3.

Three is the magic number– memorable and persuasive.


3/ Logically order your supporting ideas

You want to make sure your ideas belong together.

1. Time order - follow if there is a sequence of events
2. Structural order - break a single thought into its parts
3. Degree order - present your ideas from most to least important
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Alex Banks
Alex Banks
@thealexbanks
10 newsletters that will teach you more than any $150,000 MBA:

1/ World Builders

Who: @nathanbaugh27

What: The newsletter to make you a better

2/ The Generalist

Who: @mariogabriele

What: Unpacking the most important companies in tech and

@mariogabriele 3/ Young Money

Who: @Jack_Raines

What: The best finance blog you've never heard

@mariogabriele @Jack_Raines 4/ Through the Noise

Who: @throuthenoise

What: Startups and venture capital. Without the
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Alex Banks
Alex Banks
@thealexbanks
I have a masters degree in finance.

But I've learned 10x more from Twitter.

10 threads that will make you a better investor:

1/ Who: @naval

What: Principles to wealth creation

Tweet:


2/ Who: @10kdiver

What: Achieving financial freedom

Tweet:


3/ Who: @trengriffin

What: Money flows as a function of the


4/ Who: @girdley

What: How to get paid when investing in a new
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Alex Banks
Alex Banks
@thealexbanks
Sequoia Capital has created over $3.3 trillion dollars in value.

Steal their pitch deck framework for free:

The single best trait of an entrepreneur is someone who can tell a story.

Investors have a short attention span.

They will give you the most attention at the start of your pitch.

In the first 5 minutes be crystal clear about what you actually do.

Let's dive in:


1. Company Purpose

What is your mission?

Condense into a simple powerful sentence.

Don't list features– communicate your purpose.

Include a simple graphic that describes your business model.

Nobody cares what you can do. Everybody cares what you can do for them.


2. Problem

What challenges do you address and solve?

• Describe the pain of your customer (bigger the better)
• Explain how this is currently addressed
• Show why the current market offerings are inadequate

Don't build a solution that's looking for a problem.


3. Solution

What key points will communicate the most value?

• What was your 'aha' moment?
• Why is your value proposition unique and compelling?
• Are you building a competitive moat such as network effects?
• How big can this market grow?
SEQUOIAPITCHDECK
Alex Banks
Alex Banks
@thealexbanks
10 threads that will teach you more about business than any business degree:

1/ Who: @naval

What: Principles to wealth creation

Tweet:


2/ Who: @sweatystartup

What: Actions to wealth creation

Tweet:


3/ Who: @RomeenSheth

What: Early career


4/ Who: @heykahn

What: Career
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Alex Banks
Alex Banks
@thealexbanks
Investing can be complicated.

Let's make it simple.

10 terms every entrepreneur and investor should know:

1/ Internal Rate of Return (IRR)

IRR tells you what your average return is when time value of money is factored in.

Let's say you have an option to get 100K today or 100K in 5 years.

You would obviously prefer to get paid today so you can reinvest.


This also prevents future inflation from eating your purchasing power.

An investment that realises returns sooner than later will have a higher IRR.

2/ Multiple of Money (MoM)

Also known as cash-on-cash return or multiple of invested capital (MOIC).

Example:

Total cash inflows (proceeds from sale of a company) = $100M
Total cash outflows (initial investment) = $10M

MoM would be 10.0x.


3/ Rule of 72

A “back-of-the-envelope” method to calculate how long it would take your investment to double (2x).

Example:

How long would it take to double my money if I invest in the S&P 500?

S&P 500 average return = 8%

= 72 / 8

= 9 years
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Alex Banks
Alex Banks
@thealexbanks
Hard skills get you in.

But soft skills get you far.

10 threads that will accelerate your career:

1/ Who: @RomeenSheth

What: Enter through the side door

Tweet:


2/ Who: @slizagna

What: Resume


3/ Who: @heykahn

What: Soft skill


4/ Who: @SahilBloom

What: Nail the
SOFT SKILLS
Alex Banks
Alex Banks
@thealexbanks
Accounting is the language of business.

10 threads that will teach you more about accounting than any accounting degree:

1/ Who: @10kdiver

What: Understand the balance


2/ Who: @SoulFairy3

What: Income statement


3/ Who: @BrianFeroldi

What: Income statement


4/ Who: @AliTheCFO

What: Profit vs cash
ACCOUNTING
Alex Banks
Alex Banks
@thealexbanks
The 10 best AI businesses to start with ChatGPT right now:

AI is going to contribute $15.7 trillion to the global economy in 2030.

This is more than the current output of China and India combined.

Instead of thinking about what it will be like in a decade,

Here's how you can take advantage of the opportunity right now:

1/ Copywriting

In a few seconds you can write powerful sales copy that any company would be inclined to use.

Here's how you can start monetising and stand out:

• Create a Fiverr account
• Standard delivery is often 2-7 days for website copy
• Your delivery will be 2 hours


2/ Translation

Translators are often limited to 2-5 languages.

You know every language under the sun with ChatGPT.

You can offer your services to millions of people and output more work than would ever be humanly possible.


3/ Customer service

It's expensive for companies to hire customer service representatives.

You can start an agency to help these online businesses manage their customer service easily.

Find virtual assistants for $3-5 per hour and have them operate ChatGPT for you.
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Alex Banks
Alex Banks
@thealexbanks
ChatGPT will make you superhuman.

But only if you know how to use it correctly.

Here's a crash course on ChatGPT for beginners:

ChatGPT is the most powerful natural language AI ever created.

It can answer almost any question you might have.

You can now have a conversation and get exactly what you want.

Here's how:

1/ Prompts

Let's start with a simple prompt.

"What is the tallest mountain in the world?"

• Write your text
• Hit enter
• Get your output

Use the 'Regenerate response' button to get a new generation of the same prompt.

Use the thumb up/down button to report feedback.


2/ Continuing conversations

You can continue conversations indefinitely.

It takes reference of what you said earlier and pulls that context into new responses.

"What was the name of the first climber of that mountain?"

It knows 'that mountain' is in fact 'Mount Everest'.


3/ Preferences

I want to lose fat but gain muscle.

But I don't know how.

I can ask ChatGPT to give me a list of foods I should be eating.

From this list, I can get a shopping list and cooking instructions.

You get a conversation based on the context of your past prompts.
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