🔋Positive Entrepreneurial Role Models

ISSUE #044

☕ Good Morning! Sippers,

As parents, elder brothers, and sisters, we have all seen our younger ones go through various phases where they idolize different celebrities, athletes, or politicians. But what happens when they grow up and start looking for role models in the entrepreneurial world? In today’s issue, we will explore the importance of positive entrepreneurial role models and why it is crucial to choose them wisely.

In today’s Issue 📥 :

• Positive Entrepreneurial Role Models.

• Finding Courage in the Quiet.

• Musk’s Beloved Doge Meme.

SIP WORTHY

The Importance of Positive Entrepreneurial Role Models

Many young entrepreneurs tend to look up to so-called “celebrity CEOs” who may not necessarily be the best role models. While some of these CEOs are known for their strong leadership skills, many of them rely on authoritarian tactics that can demotivate their team.

As a business grows, it is important to empower others to become leaders and contribute to the sustainability of the operation. Therefore, when choosing a role model, young people should seek leaders who build up other leaders.

🤝 Connecting with Role Models in Your Community: It’s easy to get caught up in the hype of famous CEOs, but it’s important to remember that there are many successful companies with humble leaders who are making a positive impact in their communities.

Young entrepreneurs should look for role models in similar fields who can provide relevant advice and guidance. Connecting with these leaders can also lead to mentorship opportunities that can help young entrepreneurs grow their businesses.

🏆 The Importance of Letting Go: As a company grows, the founder’s role becomes less critical, and more value is placed on systems, processes, and people. Therefore, it’s important to know when to let go and empower others to run the business.

A leader who knows when it’s time to hand over the reins to the right people is the type of role model young entrepreneurs need. This also emphasizes the values of teamwork, empowering others, and fostering strong communities and cultures.

👀 Choosing Role Models Wisely: With social media dominating our youth’s time, it’s important to be careful who they look up to.

Instead, young people should look for leaders who are extraordinarily humble and who quietly persevere through challenges. These are the role models who embody positive entrepreneurial behavior that builds up stronger ecosystems.

🌟 Choosing: the right role model can have a significant impact on the success of a young entrepreneur’s business. By seeking out leaders who build up other leaders, connecting with role models in their community, and knowing when to let go and empower others, young people can learn valuable lessons from positive entrepreneurial role models.

HOT SIP

Musk’s Beloved Doge Meme Boosts Dogecoin’s Value

What’s sipping? ☕ On Monday, Twitter’s blue bird icon disappeared from the top of its website and was replaced by the head of an enigmatic-looking shiba inu dog. But this was no ordinary shiba inu – it was “doge,” a meme that has come to represent a cryptocurrency with which Elon Musk, the billionaire who bought Twitter for $44 billion in October, has had a long and complicated history.

Dogecoin is a cryptocurrency – specifically a “memecoin” – that was invented for laughs. It was inspired by a popular meme “doge,” which features a shiba inu in various absurd circumstances – and in various forms.

At its peak in May 2021, the coin traded close to 70 cents before falling to less than 6 cents. Even after Monday’s surge, the coin was trading just above 9 cents. Despite its individual units being close to worthless, some investors amassed the coin in such volumes that they gained small fortunes whenever the coin saw spikes in value.

🚀 Dogecoin’s Value Surges on Twitter: As doge graced Musk’s social media site on Monday afternoon, the price of dogecoin shot up more than 15%. On Monday, dogecoin’s market cap hovered just above $13 billion. Musk has long boosted dogecoin, at one point referring to himself as “Dogefather.”

In 2021, he detailed plans to launch a satellite named “Doge-1” to the moon – a mission he said would be funded by dogecoin. In January 2022, Musk announced that certain Tesla merchandise could be purchased using the coin. Months later, he disclosed that Tesla owned dogecoin.

🤔 Musk’s Complicated Relationship with Dogecoin: Before Musk hosted “Saturday Night Live” in May 2021, he tweeted “The Dogefather SNL May 8.” During the appearance, Musk said during his monologue that his mother would get dogecoin for Mother’s Day.

He also said during one sketch that dogecoin was a “hustle.” Because Musk’s pronouncements about dogecoin until then had coincided with price spikes, analysts predicted the television appearance would send the coin’s price surging. But the coin’s price sank in the hours after the show aired.

The coin surged in October when Musk took over Twitter. Musk has not explained why the Twitter home button is now a doge image. But in recent days, news broke that Musk and his lawyers are seeking to dismiss a lawsuit filed by dogecoin investors who claim that Musk drove up the cryptocurrency’s price and then let it crash, according to Reuters. The lawsuit cites Musk’s “hustle” remark on SNL. The plaintiffs are demanding $258 billion in damages, as Musk’s lawyers argue the lawsuit is a “fanciful work of fiction.”

🎉 The Origins of the Doge Meme and Cryptocurrency: The doge meme began with a 2010 photo of a Japanese shiba inu named Kabosu, who was rescued from a dog shelter and whose owner was surprised when her dog’s image went viral.

Other shiba inu images have appeared in doge memes, but Kabosu is arguably the most famous. The shiba inu is sometimes overlaid with ironic interior monologues in comic sans font, as the website KnowYourMeme points out, or photoshopped to take on different forms, such as a loaf of bread. The doge meme became even more recognizable when software engineer Billy Markus and Jackson Palmer created the dogecoin in 2013 as a bitcoin parody.

🐶What’s next for Twitter and dogecoin? It’s hard to say what the future holds for Twitter and Dogecoin, but one thing is for sure: both are here to stay.

Twitter’s decision to change its icon to the doge meme is just the latest in a long line of changes that the social media platform has undergone in recent years. As for dogecoin, its future value will likely continue to be tied to the whims of the market and the influence of people like Elon Musk.

Regardless of what happens next, it’s clear that Twitter and dogecoin are both cultural touchstones that have captured the attention of people around the world. Whether you love them or hate them, it’s impossible to deny their impact on our society and our collective consciousness.

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