Does being productive assure you to earn more wealth? We will come back to our Pitchworks Thesis. The Core Guiding Themes of Pitchworks
At the heart of Pitchworks VC Studio lies the mission to define and expand Wholesome Living, which we view as encompassing three critical dimensions:
Expand Health
Expand Wealth
Expand Earth
A large part of society wants to be wealthy, but they don't know how to. Most of them know how to earn money but wealth is the money you create when you are in sleep. True wealth is all-around: Monetary, Health, Social Status, Happiness.
How do you get there?
One common opinion is when you have money everything else follows, let's assume this is real in most cases. If one 20-30 year old has his/her 25 years of savings + 30% of cash at disposable
Money for sure can fix money problem
She/he could start focusing on improving or achieving better health.
Start choosing the people around them (Social Status).
Have time for what he/she wants to pursue (Happiness or x, y, z).
Does being productive mean one can get more wealth all the time? Not really https://www.epi.org/blog/growing-inequalities-reflecting-growing-employer-power-have-generated-a-productivity-pay-gap-since-1979-productivity-has-grown-3-5-times-as-much-as-pay-for-the-typical-worker/?utm_source=chatgpt.com Productivity has grown 3.5 times as much as pay for the typical workers, which means where you, and who you are with matters more than how much productive you are. So choosing the work matters. One can never be rich by selling low-value, replaceable items at an hourly
For this thesis let's assume the Ideal customer profile is working on current society's high-value industries, with high hourly rates or profit margins or high equity.
Software
Semiconductor
Cloud Computing
Artificial Intelligence (AI)
Green Energy
Healthcare
The above ICP is trying to sell his time, ideas, and Equity to get wealthier or change the way society functions. The above ICP is not just selling but providing a high value of what society needs in exchange for money but is also trying to play this game for the long term,
Within the above cohorts, trying to trying to sell high-value work to a large section. can be developers, healthcare professionals, entrepreneurs, sales, builders, and Product Managers.
Productivity could mean different things to different roles and personalities
For Sales Roles: Measured by revenue generated, number of deals closed, and client acquisition rates.
Customer Service: Assessed through customer satisfaction scores, resolution times, and first-contact resolution rates.
Manufacturing: Evaluated by units produced per hour, defect rates, and equipment utilization.
Operation Positions: Judged by task completion rates, accuracy, and support provided to other departments.
Research and Development: Measured by the number of innovations, patents filed, and project completion times.
Team Manager: They oversee daily operations, assign tasks, and monitor employee performance to ensure alignment with organizational goals.
Communication Liaison: Serving as a conduit between upper management and frontline employees, middle managers ensure clear and effective information flow.
Employee Development: They mentor and support team members, facilitating training and career growth opportunities.
Strategic Leadership: C-suite executives, such as CEOs and CFOs, are responsible for setting the overall strategic direction of the organization and ensuring alignment across all departments.
Operational Oversight: They oversee the organization's day-to-day operations, ensuring that business activities align with strategic goals.
Stakeholder Engagement: C-suite executives engage with key stakeholders, including shareholders, board members, and external partners, to drive organizational success.
Innovation and Growth: They lead initiatives aimed at innovation, business development, and market expansion to ensure the organization's long-term growth and competitiveness.
So based on the role if these roles are delivering as per their productive buckets of
thinking, executing, and managing, fewer factors are making them poor in the future (like casinos, drugs, and other addictive stuff)
The point is, that creating wealth can be through true form productivity under the right industry and company. Still within the above cohorts, a huge section of 70-80% are not able to get to what they want to get, "being productive" means most people don't get to all-around well-being like they wanted to be.
For the sake of argument, let’s take a corporate executive or a startup founder working in a high-value industry and holding irreplaceable jobs that drive revenue for their organization as well as for themselves. This could be a VP of Sales, a Junior SDR, or a Developer. Now, let’s analyze how many of them are genuinely contributing to the organization, driving growth for themselves, and positively impacting the people around them.
Large Corporates Story
In larger firms the problem is larger, 48% of employees self-report being productive less than 75% of the time, with 18% indicating they are productive less than half the time, Source Employees spend about 60% of their time at work on activities related to "work about work," which are tasks that do not contribute directly to their primary responsibilities.
Time Spent on Core Activities: Employees in professional services spend only about 56% of their time on core activities related to their primary job functions, with the remaining time spent on administrative tasks and meetings. Pressure to Improve Productivity: 73% of managers in the professional services sector feel significant pressure to improve productivity and efficiency within their teams.Employee Turnover Impacting Productivity: High turnover rates, which can reach up to 20% annually, significantly impact team productivity and project continuity within audit firms.
If you're a corporate employee or executive, as you are reading this, you may already sense that people are struggling with motivation, attendance, delivering their best, working cohesively, and maintaining consistent performance. There are numerous reasons for this, but the problem is universal—unless you're a bot..
Startup's productivity
In the early stages of a startup, founders and their teams often wear multiple hats, engaging in activities such as building, selling, hiring, and expanding. This multifaceted involvement requires a blend of strategic thinking, execution, and judgment. Hiring the right talent involves setting strategy, executing plans, and continuously evaluating and incentivizing team members. Therefore, productivity hinges on their ability to identify and focus on high-value tasks, which is a critical aspect of effective strategic thinking.
Founder: Sets vision, secures funding, and makes pivotal decisions.
Developer: Builds and maintains the product, ensuring quality and functionality.
Product Manager: Aligns product development with market needs and business goals.
Sales Lead: Drives revenue through customer acquisition and relationship management.
Marketing Specialist: Promotes the product, enhancing brand awareness and demand.
Operations Manager: Streamlines processes, ensuring efficient daily operations.
Customer Support: Addresses client issues, fostering satisfaction and loyalty.
Financial Officer: Manages budgets, forecasts, and financial planning.
HR Manager: Oversees recruitment, development, and retention of talent.
Legal Advisor: Ensures compliance and manages legal risks.
The startup is another example of high risk but good reward and good retune on time average time to exit globally is 7.5 years and in India, it's 12-14 years, Let's assume that most of the exit means good wealth creation for a Startup founder. 90% of start-ups are bound to fail and norm already.
It scales but the Northstar metric star metric of product remains the same. Both corporate and startup employees and leaders in the right industry and high-value roles have a higher chance to create indented wealth or more wealth by just being productive.
True form productivity is another happiness metric. Good at work you are happier at home. Good at work you have a good night's sleep.
Sure, mental and personal reasons can impact productivity, but it’s also vice versa
True productivity can boost and improve morale, mental, personal, and financial well-being of a person in the longer run. For a larger sections it can be one of the ideal pathways to achieve freedom.
American Psychological Association's 2023 Work in America Survey highlights that employees who perceive their workplace environment as mentally healthy are more likely to report higher levels of well-being
Still, a huge volume of workers, managers, executives, and leaders struggle with it.
There has been extensive research done Impact of social, mental, health, finances, and several reasons that impact workplace productivity. Where are those common collective thoughts on the low Productivity impact on personal, health, mental, and finances?
its always both sides
Either one could fix the latter and be more productive, which is what major news houses and pundits are pushing.
Or one could try fixing the ability to do more meaningful work and compound the other factors as a side aspect. In this context, we mean fixing your long-term lost health, and chronic mental and health issues, finance optimization is also part of being productive personally. As a side burner to fix your health irrespective of the country you are in you need to be wealthy or need to generate recurring money.
Escaping being productive is not the means to an end for most of humanity.
Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
The weak man who created hard times for himself and others around him will undergo hard times, in case he survives he will try to create better times for him selves that's possible only by selling the better of value the society is looking for.
In an age of leverage, one correct decision can win everything. Without hard work, you’ll develop neither judgment nor leverage. You have to put in the time, but the judgment is more important. The direction you’re heading in matters more than how fast you move, especially with leverage. -Naval Ravikant
Making the hard work to turn into a tangible outcome for one, making good decisions data or gut, or getting to the point of decision is through productivity. At this level, 100s of Millions of people in startups, and corporations building healthcare, and Technology products want to be productive but don't know how to Pitchworks will build, co-build, and invest in companies, products, technologies, and programs that support the Productivity thesis. A lot of Research and Practical approaches to productivity are already out there, no one size fits two people in Productivity as each human is unique, and attending motivational seminars has had a low outcome rate for the last 100 years. What is needed is the Functional treatment of Technology, Humans, and Methods converging at one point to solve at scale. Though it looked Himalayan on day one, we are making progress in implementing the same process ourselves and iterating, we can say the problem doesn't look the same size from the day we started. Each day at Pitchworks is a step forward in addressing humanity's bigger challenges by collaborating with visionary founders, dedicated partners, and transformative ideas. We are not just building solutions; we are fostering a movement that combines productivity, purpose, and innovation to reshape industries and elevate the human experience. This journey, though daunting at times, is fueled by the excitement of progress and the unwavering belief that we can co-create a better future for all.
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