What’s In This Email

• The Side Hustle Playbook: What This Founder Did to Start Earning Immediately

• No More Messy Transcripts—ElevenLabs’ Scribe Aims to Perfect Speech-to-Text

• The Best Way to Kick Off A Meeting

• Notable Spotlight: Jesse Cook at Massey Hall

• Notable Plug 🔌

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The Side Hustle Playbook: What This Founder Did to Start Earning Immediately

Meet Derrick Mathy, a 30-year-old Chicago-based entrepreneur who, while maintaining his full-time job in orthopedic surgical device sales, launched a side hustle that's now generating over $6,000 monthly. In January 2024, Mathy founded Quality Time Company, aiming to create intentional social experiences that foster genuine connections beyond traditional, alcohol-centric gatherings. By prioritizing meaningful interactions, his events resonated with a community eager for authentic engagement, leading to immediate and consistent revenue growth.

In an era where more than one-third of adults have side hustles, averaging $891 monthly, Mathy's success story exemplifies how identifying a unique niche and addressing unmet social needs can transform a passion project into a lucrative venture. His journey underscores the potential of side hustles to not only supplement income but also enrich personal fulfillment and community well-being.

Key Takeaways:

1. Identify Unmet Needs: Mathy recognized a gap in the market for non-alcoholic social spaces that encourage deep connections, leading to the creation of Quality Time Company.

2. Start Intentionally: Beginning with intimate gatherings among friends allowed for organic growth and refinement of the event experience.

3. Balance and Well-being: Maintaining his primary job, Mathy emphasizes the importance of presence, intentionality, and self-care, challenging the sleepless entrepreneur stereotype.

4. Aligned Collaborations: Partnering with individuals who share core values and missions can exponentially expand impact and reach.

5. Reinvest for Growth: Initially reinvesting profits back into the business facilitated sustainable expansion and the ability to host more frequent events.

Why it Matters:

Mathy's experience highlights that successful side hustles stem from passion, a clear mission, and addressing specific community needs. Balancing a full-time job while nurturing a growing business is feasible with intentional planning, self-care, and strategic collaborations. Aspiring entrepreneurs can draw inspiration from his approach to create ventures that are both personally fulfilling and financially rewarding.

Read the full article.

No More Messy Transcripts—ElevenLabs’ Scribe Aims to Perfect Speech-to-Text

ElevenLabs, renowned for its AI-driven text-to-speech innovations, is expanding its portfolio by introducing a proprietary speech-to-text model named Scribe. This new model supports over 99 languages at launch, with more than 25 languages achieving excellent accuracy. Scribe is designed to convert spoken language into written text, enhancing accessibility and transcription efficiency across various applications. This development signifies ElevenLabs' commitment to advancing AI-driven voice technologies, offering comprehensive solutions that bridge the gap between speech and text.

For professionals and content creators, Scribe offers a reliable tool for transcribing multilingual audio content, streamlining workflows, and ensuring inclusivity. Its high accuracy across numerous languages makes it a valuable asset in global communications and media production.

Key Takeaways:

1. Multilingual Support: Scribe's capability to accurately transcribe over 99 languages caters to a diverse user base, facilitating cross-cultural communication.

2. Enhanced Accessibility: By converting speech into text efficiently, Scribe aids in making audio content accessible to individuals with hearing impairments and supports content consumption in sound-sensitive environments.

3. Integration Potential: Developers and businesses can incorporate Scribe into their platforms to enhance user engagement through accurate and swift transcription services.

4. Complementary Technology: Scribe complements ElevenLabs' existing text-to-speech offerings, creating a cohesive ecosystem for seamless audio and text interactions.

5. Future Applications: The introduction of Scribe paves the way for innovations in areas like real-time translation, automated captioning, and improved voice-activated assistants.

Why It Matters:

ElevenLabs' expansion into speech-to-text technology exemplifies the importance of diversifying product offerings to meet evolving market demands. Entrepreneurs can draw inspiration from this approach by identifying complementary services that enhance their core products, thereby providing holistic solutions to their customers.

Read the full article.

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Jesse Cook at Massey Hall

Jesse Cook's musical legacy spans more than 25 years. An accomplished guitarist and producer, he has performed his unique brand of rhythm and rhumba in thousands of concerts around the world.

Learn More.

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🎙️ Get Into It: The Ed Mylett Show. Ed Mylett interviews peak performers from various industries, uncovering the mindset and strategies that helped them achieve success. It’s perfect for entrepreneurs looking to boost both personal and professional growth.
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Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.