What’s In This Email

• Work smarter, not harder 🧠

• Family businesses are speeding up their succession planning 👨‍👩‍👧‍👦

• Elon shares his concern over potential OpenAI discovery

• Did you update to iOS 17? You might want to turn this feature off 📱

• Notable Spotlight: Lee’s

• Notable Plug 🔌

✍️ TAKE NOTE

🚀 Unlocking Success with the 80/20 Rule: Work Smarter, Not Harder! 🧠💼

Ever feel like you're running on a hamster wheel of hard work but not getting the cheese? 🐹🧀 Enter the 80/20 Rule, a.k.a. the Pareto Principle, your new best friend in the world of efficiency and impact!

🔍 The Lowdown: This nifty rule, spotted first by economist Vilfredo Pareto, says that a whopping 80% of your results come from just 20% of your efforts. Mind-blowing, right? It's like finding out only a few pieces of the puzzle make the whole picture pop! 🧩✨

🎯 Applying the Magic:

1. Set Goals with Laser Precision: Know what you want, whether climbing the career ladder or mastering the art of sourdough bread. 🍞🏆

2. Identify Your Power Moves: Break down those big dreams into bite-sized, impactful actions. Think of them as your success cheat codes. 🕹️📈

3. Time Management = Gold: Devote at least 20% of your time to these high-impact activities. It's like investing in the stock market of success! 🕰️💰

4. Streamline the Rest: Trim the fat off the other 80%. If it's not bringing joy or results, it's time for a Marie Kondo-style goodbye. 👋🗑️

📊 Real-World Wizardry: Take a call center, for example. They use the 80/20 rule to figure out which customer complaints are causing the most headaches. By focusing on fixing these key issues, they turn customer frowns upside down much more efficiently! 📞😃

💡 The Big Takeaway: It's all about where you shine your spotlight. Focus on the 20% that makes a difference, and watch as your world transforms with less effort and more oomph! It's not just about working hard; it's about working smart. So, grab your 20% wand and start casting some success spells! 🌟🪄

Remember, folks, in the journey of life and success, it's not always the quantity of your efforts but the quality that counts. Here's to working smarter and living larger! 🥂🚀

Read the full article here.

🚀🔑 Posthaste: Canadian Family Biz in Fast-Forward! 🏭👨‍👩‍👧‍👦

Hey there, business buffs! 🌟 Here's a scoop that's stirring up the family business scene in Canada. According to a KPMG survey, a whopping 79% of family business owners are hitting the fast-forward button on their succession plans. 🏃💨

Why the Rush? 🤔

• Changing Times: The business landscape isn't what it used to be. We're talking disruptive tech, climate twists, and those ever-looming tax changes. 🌪️💻🌿💰

• Family Ties: It's not just about the dollars and cents. Complex family dynamics play a big part in these decisions. 🤝👨‍👩‍👧‍👦

The Stats Speak Volumes: 📊

• 73% of these businesses are eyeing a leadership switcheroo in the next 3-5 years. 🔄

• 71% are armed with a formal succession plan, but there's a catch – 19% have plans that are more like rough drafts. 📝

Tax Time Bomb: 💣💸

• A significant 70% are trying to beat the clock before new tax rules kick in with the 2023 budget. These rules tighten the reins on passing shares and capital gains exemptions. ⏰📈

The Next Gen Dilemma: 👶🧑‍🦱

• While 79% dream of keeping it in the family, 71% feel the next gen might not be ready to take the wheel. 🚗👀

• For some, the solution is a non-family CEO, keeping ownership in the clan. 🤵🏽‍♂️👑

The Tough Call: 🤷‍♂️🔒

• A concerning 28% can't find successors and might shut down in 3-5 years. 😔🔐

Bottom Line: 📉📈

• Navigating family business succession is like a high-stakes game of chess. 🌪️🤔👑

• It's about balancing legacy, readiness, and the ever-changing tax and economic landscape. 🏞️📚💼

So, whether you're part of a family empire or love a good biz drama, this is a trend to watch! 👀📰🍿

Read the full article here.

@playthehitslive

Police are warning parents to turn off ‘namedrop’ which is an ios feature automatically turned ON with the ios17 update. #fyp #police #io... See more

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🎙️ Get Into It: Y Combinator. We help founders make something people want. Listen on Apple or Spotify.

📄 Notable Hires: Marketing Funnel Optimization Lead @ Shopify (Remote, Americas)

🎓 Hope This Helps: FutureNotes. Capture your ideas, summarize them with AI and share them with others as a note.

🧠 Today We Learned: A species of seaweed called Asparagopsis taxiformis can reduce a cow's methane production by 98%.

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Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

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.