Speed Reading: Because Effectiveness Is Everything

Speed reading uses comprehension techniques to increase your reading pace. This is a clever way to make the most of your time, since many of us entrepreneurs never have enough of that in a day! The key is to read fast enough to enjoy a reduction in time commitment while still absorbing the information. 

As a systematic scientist, I can see how speed reading tricks the brain into putting together information using fewer resources, ie., fewer words. These techniques are especially handy when you are reading business resources or textbooks. A balanced goal to aim for in speed reading is a score of 200-400 words per minute (WPM). This rate allows for comprehension of the subject matter while still allowing you to move along briskly.

Here are a few speed reading techniques that you can put into practice:

  1. Read the most important points first. The table of contents, any reviews of key information or chapter summaries should be read first. By reading these right away, your brain will have already been exposed to the subject matter, and as you are reading through the book you will be able to pull out related key concepts. This aids in speedy comprehension.
  2. Read the first and last sentence of each paragraph. These two sentences hold the core concepts of a paragraph. After reading the first and last sentence, glance over the body of the paragraph. This gives you a general notion of what the paragraph is about. 
  3. Guide your eyes with your finger or pen. Help prevent visual regression, the unconscious re-reading of sentences, by dragging your finger or a pen underneath the words as you read. This forces your eyes to follow along. You will read the words directly above your finger/pen rather than unconsciously retracing back over the sentence.
  4. Avoid subvocalizing while you read. This means you must not read outloud or mouth the words, as doing so will slow you down. If you can’t break the habit of subvocalizing, try chewing a bubble-gum while you are reading.
  5. Practice chunking. Learn to read common phrases as chunks rather than individual words. This technique works because your brain can recognize common groupings of words. For example, Catcher in the Rye or Merry Christmas and a Happy New Year are commonly seen phrases. Once you are familiar with these word groupings, all you really need to read is Catcher and Rye, or Christmas and Happy to know what the entire phrase is referring to.
  6. Play instrumental music in the background. Classical music, meditation soundtracks or alpha wave relaxation music are all ideal. Do not play music with lyrics, though, as this can hinder rather than help the speed reading process.
  7. Push yourself. You may not believe that you can complete that book or read that article, but push yourself to go faster than you think you can. Drag your finger along under the words a bit faster; skim the body of the paragraph faster than you normally would. You might be surprised by what you are capable of achieving!

You will have become an effective speed reader once you have a high WPM score while still being able to understand the key concepts of the material you are reading. Train your brain to approach reading the same way you would approach any other important aspect of your life: as a challenge to be conquered.

-Denis Bederov

What Are Smart Contracts?

The smart contract–it’s a contract that functions like a business rather than, well, just a contract. Perhaps you fancy yourself a technical visionary (I know I do). If so, you’ll want to keep your eye on this emerging smart tech tool. It’s well on its way to profoundly changing how we do business.

Though smart contracts resemble traditional contracts–they both define rules and result in actions being taken–the similarities end here. Smart contracts are actually sections of code that are immune to security threats. They are also self-enforcing. You could think of them as contracts that multitask. They store the directives of the contract, then confirm and carry out those directives. 

A unique and efficient tool, the smart contract can manage financial aspects of the agreement and act as a mediator, holding all parties accountable the way a lawyer would. And it accomplishes this, thanks to cryptology.

Smart contracts are an application on blockchain, a chain of records (“blocks”) that are connected via cryptology. Understanding this about blockchain will help you grasp why smart contracts are so secure.

Blockchain itself is considered an immutable distributed ledger. This means that once a smart contract is loaded into the blockchain, it is nearly impossible to alter it. 

Distributed, in this context, refers to the absence of a central authority. All elements in the blockchain, including a smart contract, are held accountable by an entire network of databases (ie., the blockchain). Therefore, no intermediary is needed outside of the coded smart contract itself. 

Since the design of the smart contract allows you to cut out any middlemen, you save time, money and the hassle of adding additional people to the mix. This is why blockchain-based smart contracts are, across the board, more secure and less expensive than traditional contract setups. 

A key to the autonomous nature of smart contracts is their coding. Smart contracts can use algorithms to automatically respond to the parameters of the contract, such as when a milestone is reached or an incident occurs. For example, say a contractor finishes a project and sends an invoice. The smart contract is coded to respond with the agreed-upon action: issuing a payment to the contractor and notifying them of their next job or end of contract.

This also makes it difficult to alter smart contracts. The boundaries of the contract and all transactions related to it are coded into and made publicly available via a blockchain ledger. No one can go in and tweak the smart contract independently of a consensus from the blockchain. And once an alteration is made, every database in the blockchain is aware of it. 

Immutability is not the only reason smart contracts create a sense of security. Though the ledger activity is posted publicly on the blockchain and can be monitored, information about the clients or contractors remains private. The identity of the individuals is not shared. 

Entrepreneurs and business traditionalists alike will benefit from transitioning to this technology. Taking advantage of the security smart contracts offer will set you apart as a technical visionary. Embrace the future of business transactions through smart contracts.

Denis Bederov

When Machines Become Customers

Machines are quickly becoming customers. As a systematic scientist, I see the benefits this will have for both individuals and businesses. 

Machines are methodical. They can take the guesswork out of everyday activities for humans, like when the optimal time to order a new ink cartridge is, or how to determine which car service facility is nearby, cost effective AND has the best reviews.

Normally, humans act as a third party between the machine and products or services. Take the printer with low ink, for example. Let us pretend that I notice the “low ink” light on my printer. I would surf the web to find the appropriate ink cartridge then place my order. Then I would process the payment online and wait for the package to arrive. Hopefully I will be home when it will be delivered, so that I can take it directly from the courier, sign for it and finally install the new ink cartridge. Ideally, I would order the ink as soon as I noticed the “low ink” light, though I may be busy with work and put off ordering the ink–maybe even forget to order it!

But with the AI service “Instant Ink”, a development by HP, my printer could place an order for new ink autonomously, as soon as it senses an impending shortage. When the ink arrives, all I need to do is to install it. 

Since development with autonomous tech like Amazon’s Alexa, HP’s printers and “self-aware” self-driving Uber vehicles is becoming more and more prevalent, I have started to ask myself: How can I change my marketing efforts for the machines?

This is an important question that every entrepreneur should address as they develop their business marketing strategies.

A machine customer cares primarily about efficiency and satisfaction of technical needs. It will favor a business that provides exactly what was promised. As business owners, we may need to rely more heavily on machines to adequately meet these types of machine customer needs. 

Human customers value efficiency and satisfaction of technical needs too– up to a certain point. A human customer may also place value on the friendliness of a customer service agent or the comfortable atmosphere of a service facility’s waiting area, though. This means they may be willing to pay more for the same quality of service simply because their desire for a more friendly or comfortable atmosphere is being met.

As you can see, machines will be prioritizing different values than human customers.

Consider how to cater to these machine customer “needs”. Machines rely on algorithms, inter-machine communication, data exchange and blockchain payments to carry out their activities. You must communicate with the machine customer through these methods. 

Because of this, you will need to update your marketing strategies. Yes, the Amazon Alexa is shopping online for, say, a shampoo for a human to use, but the human is not the one analyzing the product optics. Alexa is.

In this new market, the needs of both humans AND autonomous machines must be met. So ask yourself, what does a machine look for in a shampoo? Because changing your business design to accommodate machine customers is essential to staying relevant in this burgeoning marketplace. 

-Denis Bederov

Tips on how to make yourself indispensable in your company

In my several years of experience as an entrepreneur, I have had the opportunity to work with several people from different nationalities, and in fact, with different approaches to work and life. Even with the divergent views and somewhat different customs, I have come to one informed conclusion: everyone wants to be that go-to person at their job. Everyone wants to be that indispensable guy who is best known for being a pro at what he does. It has a way of boosting your confidence. Your managers can rely on you and you feel a great sense of job security. In my own terms as an entrepreneur, being indispensable in your company means that you are irreplaceable because of the expertise and professionalism you exhibit.

In this article, I have outlined five tips to make yourself indispensable in your company.

 

Tips for Indispensability at Work, Denis Bederov

 

As you might know by now, I am not just a systematic scientist or technical scientist, I am also an adept entrepreneur with several accolades for my achievements in the business world. The tips I give are based on experience, years of study, and informed research.

 

Denis Bederov Advises That You Review Yourself Regularly

 

One of the mistakes many people make after getting their dream jobs is that they barely work harder to stay abreast of new trends in their profession – be it entrepreneurship or in the public sector. While you might get regular feedback and a performance review from your supervisor at work, I also believe that it is very important to do a regular personal review to ensure that you are still very much on track with your own goals and expectations. It is important to keep track of your accomplishments, training, projects, and every measurable related to your career. These self-checks will help you to review your progress, set new goals, and anticipate your next milestone.

 

Improve

 

As an entrepreneur, it is easier for you to get edged out by competitors if you do not take pertinent steps to stay in the game. I always advise budding entrepreneurs to set new goals. This can be achieved by looking at important metrics and including them as part of your business plan. Entrepreneurs, business owners, and companies always cherish focused employees who are ever improving, motivated and always finding effective ways to raise the performance bar.

Commit yourself to high standards. Bring your A-game to everything you do, and regularly raise the bar for yourself. Expanding your skills, and keeping an open mind towards career-advancing opportunities will guarantee your indispensability at work.

 

Denis Bederov Advises That You Speak Up

 

Entrepreneurs and business owners value employees who have mastered the art of effectively communicating with their boss and team, including asking questions and ensuring that they fully understand assignment instructions. Always ask questions for clarity. This will help you achieve the set targets for your company.

More importantly, always ask for opportunities to get better. Be expressive and let your boss know that you are open to learning. When you get the opportunities to collaborate with another team, be actively involved and be vocal about your ideas and suggestions. Being willing to educate others helps you attain status as an invaluable training asset in your company.

 

Offer Solutions

 

If you really desire to become indispensable at work, then you need to find ways to solve problems faced by your company. For entrepreneurs, you need to offer proactive solutions to the challenges your business and your clients face. This increases your value to your customers and to the company as a whole.

 

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Patents

How to come up with creative ideas that are worth a Patent

As a systematic scientist with years of experience and having worked on several projects, I realize that brainstorming for innovations can be quite a herculean task to undertake. And not just that, one of the qualities that really makes Denis Bederov an accomplished systematic scientist is the fact that I know that just coming up with an idea is not enough to get you a patent. Frankly speaking, generating the idea is the first step toward being able to obtain a patent, but it is at the invention stage that your intellectual property could be protected.

 

In summary, what I’m trying to say is that the single factor that determines if your idea can be patented or not is, if it’s still just an idea or if you have built a prototype of your invention.

 

How does Denis Bederov define a patent?

 

As a systematic scientist, I will define a patent as a government-granted exclusive right for a company or individual to produce or market a product. A patent lets you profit from and manage the way your product is used, distributed, and sold, usually for a specific period of time, often 20 years. A patent for your idea helps you protect the intellectual property of your idea, and gives you immunity over competitors who may want to exploit your innovation. When a competitor violates the use or distribution of your intellectual property, they can be sued and fined as allowed by the law.

 

Principles of generating patentable ideas, by Denis Bederov

 

When I work with teams and individuals, most times when people ask me how to really generate ideas worth patenting, I usually advise them that the best way to begin is to never think of ideas, but rather, think of your personal problems, or think of problems people around you are facing that really need to be overcome.

 

Every systematic scientist will tell you that innovative ideas often come from problems, and not by thinking about some startup ideas. Many big names, brands and companies that exist today stemmed from the problems their founders faced and then went ahead to build solutions for those problems.

 

So, what if you can’t find problems around you that actually require innovative solutions? My expert advice as a systematic scientist is that you can go out and talk with different people, understand what they do and where they need more simple and smart solutions. Take time to observe the people, listen attentively to field experts and objectively analyze the trends. To be frank, if you think sitting and forcing your brain to come up with some genius ideas is the way to go, most times, it just does not happen that way. Even if it happens and you come up with a wonderful idea, there is a great chance it might not hold water, unless it really solves a problem.

 

A Systematic Scientist’s Classification of Inventions, by Denis Bederov

 

Generally, inventions can be divided into two categories – substitutes and complements. While a substitute is a new or improved way of doing something that an existing product already does, complements are typically modifications to existing inventions, or concepts, usually in the form of accessories.

 

In some cases, complements would be easier to sell on their own, while in other cases, a manufacturer might incorporate the invention into the design of their own product which can use your invention as an accessory. In simpler terms, complements are add-ons that improve the functionality of an existing product.

 

In conclusion, because of the complexity involved in ideation and patenting, I always recommend that people come up with complement inventions because they are typically much easier to patent and market, as opposed to ideas for substitute inventions.

 

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This is how you keep the overview in the most complicated contexts

Complicated problems can be quite messy, unstable, unpredictable and confounding. These problems require new solutions created specifically for that context, and you can only know that you’ve found a good solution after the fact. Not just for a systematic scientist like Denis Bederov alone, I believe that everyone can benefit from having good problem solving skills, as we all encounter problems on a daily basis. Some of these problems are obviously more complex than others.

 

It would be wonderful to have the ability to solve all problems efficiently and in a timely fashion without difficulty, unfortunately though, every systematic scientist knows that there is no single way to solve all problems. While a systematic scientist can quickly solve smaller problems by intuition or experiential knowledge, more complex problems or problems that have not been experienced before will likely require a more systematic or logical approach to solve. Whenever I meet myself in situations like this, I simply employ creative thinking.

 

Keeping the overview in the most complicated contexts usually involves working through a number of steps or stages, such as those I outlined below.

 

The stages include: getting a clear understanding of the problem at hand, breaking into tasks, defining roles, and defining deliverables.

 

I’ve met and worked with teams who are often curious of the qualities that make Denis Bederov unique when faced with complicated contexts. They eventually found out that I’m not just a systematic scientist like any other regular one, and it takes effort and time to attain my current status. I always advise that it’s important to give yourself the time to understand the most important things about the job first, while keeping in the mind the priorities and deadlines for the job. As a problem solver, I knew I need to be able to identify the cause of issues and understand them fully. I usually begin to gather more information about a problem by brainstorming with other team members, consulting more experienced colleagues or acquiring knowledge through online research or courses.

 

I have been able to understand that, depending on the industry, it may be easier to solve problems when you have a strong working technical knowledge. I also profoundly belive in gaining more technical knowledge through additional coursework, training or practice.

 

Complicated jobs are best broken down into a set of tasks that can be easily achieved by a sub-team over a short period. This makes it easier to achieve, and progress can be tracked in relatively shorter time.

 

The deliverable is the tangible thing that results from the work. The deliverable should have a due date as well, and should be relevant to the overview.

 

In summary, what does Denis Bederov advise?

 

In order to keep the overview in the most complicated contexts, I will advise everyone from a systematic scientist perspective that every context should have an encompassing aim that guides the whole processes, strategies and techniques employed in the activities. Only tasks and deliverables relevant to the overview should be accepted and tasks must not be oversimplified to avoid overkilling the workflow with so many deliverables.

 

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The blockchain technology for the financial wastelands – easily explained by Denis Bederov

More and more often we hear the word “blockchain” or “crypto currency” in our everyday life. To understand that Blockchain is much more than the technology behind “crypto currency”, here is a simple metaphor: If you want to shape a piece of wood, plane, grind and file it, chips and dust are generated. The piece of wood is the blockchain and the chips, the waste product of this technology so to speak, are the crypto currencies.

Due to the hype and speculations in the field of crypto currencies, the market screamers are correspondingly loud here, which is why one is quickly tempted to completely forget the technology that is revolutionary. Let me tell you about the advantages of the blockchain, especially in the financial sector.

 

Current situation in the financial sector

 

Looking at the current state of the financial sector, you will probably know that the central bank is an institution where other banks in the financial sector can borrow and park money. This central bank, as its name implies, is centrally organized. 

Let’s go from the macro level to the micro level and to your wallet: What do you think makes your €10 bill worth €10? Is it the paper and the color? Is it unique and therefore worth 10€? NO! The only thing that makes your bill worth 10 € is trust. From you, from the supermarket cashier, etc.

In what form does this money still exist? Obviously there is money in your account, i.e. Fiat money, which can be seen in your online banking. 

 

What the blockchain enables for the financial sector

 

In contrast to the easily corruptible and hackable systems, the central administration, the blockchain is completely decentralized. Its storage locations are on every computer connected to it. Once it has been programmed for a specific process, it cannot be changed.

In addition, you do not enter the blockchain as a person, but with a personal ID. For example in contrast to a bank transfer, which bears your name, and exactly titles the name of the receiver, such a transaction is encrypted in the block and by your personal user ID.

 

The term “block”

 

A block is ultimately made up of several combined transactions. If the capacity of one block is fully used, the next block begins. To ensure that the correct sequence of blocks is recognized, each block receives a specific key code at the end. A subsequent block then begins with exactly this key code. This makes the sequence comprehensible for everyone.

This coding and security encryption can currently be guaranteed by two different methods: “Proof of Work” and “Proof of Stake”. I will explain these in more detail in another blog article.

 

Conclusion – Denis Bederov

 

You can see that the security loops and verification methods are logical. For this very reason, the confidence that crypto currencies enjoy as a small part of this technology is enormous, so many investors have included crypto currencies in their portfolios for risk diversification. Nevertheless, the journey is still a long one and only through complete regulation of this market will blockchain technology including crypto currencies gain a foothold in the financial market.

 

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How personal growth develops through role models

Of other people, I appreciate the qualities I would particularly like to develop for myself at certain stages of my life. Therefore, I advise you not to set a model, as young people often do. Hanging the idol on the wall and saying “this is my model” is not enough to integrate the positive qualities you associate with this person into your personality.

 

Denis Bederov – his biggest role model

Looking back, my grandfather was a huge model for me. He was an excellent leader, he managed very big companies and I always found his ideas being very unique. I’ve always appreciated this resourcefulness and have always wanted to find such solutions in certain situations in life. Because I knew exactly what fascinated me about his person, I was regularly inspired and also reflected on myself. How well do I already have this ability in me? How can I still work to improve? And last, how can I increase my creativity so that I too can find extraordinary solutions?

 

Of course, my grandfather wasn’t my only model. If you look at him from this point of view and imagine people as a mosaic, sooner or later many people you know in life become models. Even my father is a great model for me, since childhood!

 

Denis Bederov: how to develop your role models

If there is something about a person that hits you today, ask yourself in the future what qualities you particularly value and what skills you would like to develop. Only then you can take the decisive direction to get closer to your idol.

 

Beware of illusions!

However, what should not happen to you: never see your model, exaggeratedly, as a “Messiah”. Once you place your idol on a pedestal that is difficult for you or other people to reach, you will not be able to integrate the qualities of that person into your personality and into your life. But even worse than not being able to develop the positive qualities, is to fade the negative qualities of that person.

No one is perfect! Therefore, even your role model, which you are emulating, will have areas where you should not adopt to your habits. Just as the most successful entrepreneurs often neglect their families, even the visionaries rarely remain concrete and the eloquent people are desperate for technology, so you too cannot expect everything from your idol. Don’t fall into illusion here. Find out what exactly fascinates you! How you want to look, and then gradually take a step on this extraordinary road every day. This is the road to success.

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Denis Bederov the space scientist

What does Denis Bederov, a space scientist, do in his spare time?

I am often surprised by questions concerning my recreational activities. Just because you are a space scientist, is is construed that you have to have very different hobbies. Above all, spectacular hobbies! In fact, we live a lot on Earth. So, my family and I have fun doing recreational activities which most other families also like.

 

Of course, my wife and I have a very entrepreneurial mind-set in what we do, and we are often grateful that children live their favorite activities with their peers, such as sport and dance. But also finding moments to do something together and enjoying life is very important to us.

 

How Denis Bederovsplans his family vacation

 

Many people say they do nothing with their wive, husband or children due to lack of time. These are lazy excuses in my opinion. My wife and I are also very busy in terms of time and we still have time to spend time together with our children to experience things.

We live in the city center. For example, it makes sense to simply go up and down the big shopping street together. In 99% of the cases, we don’t buy anything, but it’s just fun to look at shop windows, walk quietly and talk. The topics of discussion can be things that you think are interesting on the road or experienced in your personal life. Spending time together is always a pleasure.

We also like going to the park. Rarely, but increasingly, we go on vacation together or do day trips. We have a favorite hotel, which we visit over and over again. Therefore, the organization is limited to the minimum. No hotel comparison, no driving time and you know what to expect.

 

Tips from Denis Bederov

 

Spending time with your family can be easy. So, don’t make too much effort or pressure to make something special. Much more important is how much quality time is spent with the partner and children, who will be sincerely grateful for it. You will live every minute with your family even more intensely and this is what even children and their partners feel.

 

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The daily routine of Denis Bederov

Familiar insights into the daily routine of the space scientist, Denis Bederov

Not only am I an entrepreneur, but my wife is also a successful entrepreneur. In addition to our existing companies, we also manage our small family business, which consists of us and our children. In the perception of our respective employees, it might seem that we live only within the company. Of course, it is not like that at all.

Especially as a family man with two children, you want to make the best possible use of time to meet everyone’s needs. We also deal with topics such as: who prepares food for children after school?

We have a son and a daughter who also do after-school activities and of course they are very different. They alternate between dance, sport, tennis, painting – which fortunately happens at home – but this diversity gives you an idea of ​​how full our family agenda is. This wouldn’t work without being a well-rehearsed team.

 

Denis Bederov: Nobody should be neglected!

 

In fact, it works! If a family member was unintentionally removed from the routine or tried to manage everything by himself, that would never work. At least not in the long term: everyone has to play a part, so that nobody gets neglected.

 

This is the biggest challenge as a parent and as a family man. You must take care to ensure that everyone is free to develop in the direction they want to develop. I’m not just talking about child development. Even as a parent, you want to grow and reinvent yourself in certain areas. It’s of major importance that the partner successful achieves this the same way you yourself find achievement. 

 

Denis Bederov: It’s about synergy!

 

I would call myself being more a pragmatic person who takes every step very carefully and makes plans. If it was up to me, our family life would probably be too monotonous, and on the other hand, it means that I worry about organizing and ordering at home. At the same time, I am the consultant, if there is a specific goal to be achieved, it’s clear that it will. My wife, on the other hand, is incredibly creative. Brings momentum into our family life with her ideas and is much more communicative. When it comes to finding the right words in the right situations, she’s the number one.

 

What makes a family work

Everything you teach to children, you should imitate. I am happy when I realize that there is also team spirit amongst the children and that they support each other with their personal qualities. Because just like with my wife and myself, each of our children has a different approach to solving problems. I can often even learn new things from my children.

Just when this mechanism is aware to everyone, everyone takes back their ego and at the same time helps the other with his personal abilities, everyone collaborates together and gets great results!

This is my recipe for a harmonious and happy family life. – Denis Bederov

 

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