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How I leverage on tech as a parent and business owner

Penny Choo, Co-Founder and Managing Director of BloomThis

I get 24 hours in a day, like everyone else. Since stepping into motherhood, I often wish to have more time and energy for what matters. Strategic meetings, proposal writing, collaboration networking, and team check-ins are now sandwiched between childcare pick-ups, vaccination appointments, birthday party planning and food prepping for a cute but fussy eater.

I love being a mom. And I love running a business. But most of all, I love being efficient.

Eight years ago, my husband and I started BloomThis, an e-commerce that offers same-day delivery for flowers and gifts in Malaysia. We like to joke that both our babies — the real one at home and the ‘firstborn’ business — are equally demanding. Both scream for attention when holidays are around the corner.

Thankfully, tech has been a major time-saver at home and in the office. I hope you can conserve extra energy with these strategies too.

Schedule everything

I can’t live without Google Calendar. It’s free, easy to use, and effective. If it’s not on the calendar, I cannot honour the commitment.

Your company would probably already have a colourful team calendar packed with meetings and deadlines. That’s great.

Also Read: 5 common productivity challenges affecting remote worker and how to overcome them

Pro tip: Keep meetings within the given time. Be punctual if we can’t be early, and remember Peter Drucker’s rule for a productive meeting: decide in advance the purpose of the meeting and guard the time jealously.

Communicate regularly, even if it means low-going tech

At BloomThis, we collaborate extensively at internal and external levels. Click Up makes it easy for task management across the company. We use it to manage project roadmaps from ideation to launch for the latest collection. And with a clean dashboard and hierarchy view, nothing gets missed out.

Where do we talk on a day-to-day basis?

Also Read: 5 productivity tools for busy startup founders to stay focused in 2022

We have experimented with team-based apps like Slack and BaseCamp. What we found was across our executive team and manufacturing team, some were less tech-savvy and needed a simpler app.

So we moved to DingTalk by Alibaba. It gets the work done, and we can keep work conversations away from Whatsapp, ultimately creating a better work-life balance for our people.

How can tech help your team to set boundaries in communication?

Centralise knowledge and operation systems on a shared platform

Make it easy for the team to know what you know and vice versa. Gone are the days when we had thick binders and filing cabinets. Most of our executive and HR work is paperless — even contracts are digital.

For that, we rely on Google Drive and Notion. Cloud storage acts as our central database and knowledge library for the team to access information like employee handbooks, SOPs, guidelines, and operational blueprints.

To innovate together, we dream on Figma. Before launching a digital product or feature, we review the concept, idea, and flow to envision how the end product looks. It is great for developing a Minimal Viable Product collaboratively too.

I am really proud of our tech team, who developed the Enterprise Resource Planning (ERP) system from scratch. It’s a software that manages our daily activities from supply chain to procurement, projects and risk management.

Once an order comes in, the system computes quickly to check the inventory for raw materials needed, what is the lead time and expertise required, who is the florist, artisan or baker assigned, and how long does it take to produce and be delivered.

Our promise is to deliver artisan-curated and handcrafted gifts on the same day. Tech allows us to serve our customers with a good and memorable experience, a core value we hold dearly — customer first.

Customise productivity tools for personal life

Frankly, I used to get anxious looking at the long list of work waiting to be done. It’s endless and overwhelming. These days when I have a deadline to meet, I rush it out with the Pomodoro method.

Also Read: Avoiding costly mistakes: How cognitive biases can affect entrepreneurs

Try doing deep focus work for 25 minutes, rest for five minutes, and repeat three times. Turn off all phone notifications while you’re at it. Once you are familiar with the rhythm, you don’t have to stick to the time structure. The underlying principle is very powerful — it trains our brain that if we have just that 25 minutes to get work done, we will!

I love it because I just slice out the tasks and do one thing, then race to check it off before the timer rings. Talk about the dopamine rush.

Also Read: 5 productivity tools for busy startup founders to stay focused in 2022

For notetaking, I will swear by Notion, again. It doubles as my notepad and organiser, similar to Evernote, but I just find it seamless to switch between the office and personal work on one app.

Make home appliances your extra hands

Before the COVID-19 pandemic, we had a part-time maid whom I am forever grateful for. Now, we use a smart home system. My home is not fully fitted with smart appliances, but small steps have made a huge difference.

When I get home, the floor is clean. Thanks to the robot vacuum that started working while I was in the office. I use a two-in-washer and dryer now. With Malaysia’s heavy downpour with occasional flood warnings, it gives me peace of mind. Let the weather be the least of your concern when you do laundry for the family.

I have great helpers in the kitchen too: an automatic cooker, a steamer and an air fryer. Whether it’s chicken chop with mushroom sauce or teriyaki grilled salmon, just place the meat into the air fryer, add sauce, veggies, and voila! Craving chicken curry with tender potatoes? Just 30 minutes in the pressure cooker, and we’re ready for a warm, homemade meal with rich nutrition locked in.

Wearing multiple hats as an entrepreneur and parent throws us a myriad of challenges to cope with. These tools not only save time but also give me the energy and head space to invest in family relationships and friendships and to pursue hobbies. As social disconnectedness harms our mental health in the long run — when was the last time you had time for a hobby or a hangout with your buddies?

To wait for the day when we finally cleared out the tasks, we would be flat-out tired. Or we could fall sick, having the time but not health. What’s one tech tool or system that might help you regain the control you want in your business or home? I’d love to hear your thoughts.

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How all-electric, self-driving Clearbot helps tackle ocean plastic pollution in Asia

A Clearbot UAV

A few years ago, Sidhant Gupta, an ocean lover, and Utkarsh Goel, a techie, visited Bali, Indonesia, as part of their course at the University of Hong Kong. Miffed by the growing the ocean plastic pollution in the archipelago, a top contributor to global plastic pollution, the duo decided to leverage their technical expertise to tackle it.

Over 300 million tons of plastic are produced every year, of which about 14 million tons end up in the ocean every year. Plastic makes up 80 per cent of all marine debris. While many solutions are available to address this problem, they are grossly inadequate.

“Existing solutions are slow, with some communities still using paddle boats and diesel-powered boats for fishing trash. We realised technologies like Artificial Intelligence could address this problem effectively.”

This led the duo to start Clearbot in 2019.

Clearbot is a remotely operated vehicle designed to perform various tasks in the marine sector, including data collection, site monitoring, marine pollution cleaning, and goods delivery. Powered by an electric motor, it can complete these tasks without human intervention.

An autonomous platform, Clearbot maps and cleans the ocean using autonomous underwater vehicles (AUVs) powered by artificial intelligence (AI). The AI system allows operators to tackle multiple tasks remotely.

The beauty of Clearbot lies in its simplicity, as it can be easily deployed in any water body without complex installation requirements. This makes the technology accessible to governments as well as individuals, he says.

“Instead of hiring ten people to handle different things, you hire one to handle multiple Clearbots for different uses. The Clearbots also give you valuable data within minutes — locations visited, trash collected, and other custom information that matters to you,” explains Founder Gupta.

Also Read: Alibaba fund, Gobi, Earth VC back AI-powered all-electric and self-driving robot Clearbot

Gupta, a serial entrepreneur, aims to develop the world’s first autonomous marine platform to map and clean the oceans and preserve marine life. In the past, he built businesses backed by Alibaba and Razer.

Goel, CTO, has an extensive background in AI, Computer Vision and Deep Learning, executed projects on university campuses, and built open-source tools for the data science and machine learning community.

Clearbots, a winner of several awards, including the JUMPSTARTER 2022 Global Pitch Competition, has operations in India and Hong Kong and is looking to expand to other Asian countries, such as the Philippines, Indonesia and Singapore, soon.

In India, the startup is piloting its services for the “Clean the Ganga” project. “We are partnering with the government to provide an AI-based solution for cleaning trash, collecting hyacinths, performing surveillance, and even moving goods shortly,” Gupta adds.

(L-R) Clearbot Co-Founders Utkarsh Goel and Sidhant Gupta

There is growing awareness about the dangers of climate change and the need to protect the oceans. This has laid the foundation for adopting advanced technological solutions for combating these issues. “We believe that Clearbot can play a crucial role in solving these problems, especially in areas where conventional methods are impractical because of cost, human resources or lack of infrastructure,” he says.

In addition to helping prevent marine pollution, Clearbots also help reduce carbon emissions by eliminating the need for manual labour or fuel to power boats and AUVs. The product is entirely electrical, reducing the carbon footprint considerably compared to boats powered by fossil fuels.

The prices of Clearbot vary depending on the location, existing infrastructure within the region, the project’s scope, and the deployment duration.

“Since we provide a custom solution to our clients based on their specific requirements, we offer free consultations to understand their needs and provide a detailed proposal. Once a project has been sanctioned, we offer a detailed breakdown of the costs, including the hardware and for hosting the platform on our cloud servers, which are charged monthly.”

As of now, the startup serves different clients from various industries, including property management companies, government departments, and brands with sustainability goals. For these clients, it performs multiple services, including pollution recovery (i.e. collecting marine trash, oil, and hyacinths), surveillance and inspection and goods delivery.

Among its clients are the Drainage Services Department in Hong Kong, the Highways Department in Hong Kong, Sino, Kingspan, and Modern Terminals.

Last month, Clearbot closed an undisclosed seed funding round with Alibaba Hong Kong Entrepreneurs Fund and Gobi Ventures, with participation from Earth Venture Capital, Asia Sustainability Angels, and CarbonX Capital.

In his view, scaling up operations is Clearbot’s top priority and the most significant challenge. “We need to grow our team so that we can be more efficient in our operations and keep up with the demand that we see internationally. To do this, we recently raised funding, which will help scale up our business further with more time and resources to create an easily deployable and sustainable platform for solving the most pressing issues facing our oceans today.”

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What investors need to know about Bitcoin halving

The present cryptocurrency market is undoubtedly bearish, leading many casual investors to be sceptical about investing in Bitcoin.

But those who understand how Bitcoin is designed are looking forward to a potential surge in Bitcoin value in 2024, which is when an event known as “Bitcoin halving” is slated to occur. It would be the fourth Bitcoin halving since the cryptocurrency’s inception in 2009.

What is Bitcoin halving, and how does it impact Bitcoin’s value? Here’s everything investors should know about the upcoming halving.

What is Bitcoin halving?

Bitcoin halving is a mechanism built into the cryptocurrency’s code by its creator, Satoshi Nakamoto.

To understand how it works, first, remember that Bitcoin transactions are validated by a decentralised network of users known as miners. Miners compete to be the first to verify groups of transactions or blocks. Only after this rigorous computing process can these new blocks be added to the Bitcoin blockchain.

As a reward, miners who successfully validate blocks earn a certain number of Bitcoin tokens — currently 6.25 BTC. So for every new block, 6.25 BTC are released into the overall circulating supply of Bitcoin.

However, Bitcoin is designed such that the reward is halved after every 210,000 blocks. So, come the next Bitcoin halving, the reward will go down to 3.125 BTC. This tightens the supply of new Bitcoin on the market.

Also Read: Can Bitcoin help us in the fight against climate change?

This tightening mechanism essentially makes new Bitcoin increasingly scarce, thus preserving or even heightening its value.

In contrast, the fiat money supply is practically ever-increasing, which leads to inflation. Furthermore, the fiat supply is controlled by governments and lacks the transparency and pre-programmed regularity of Bitcoin halving.

What happens to Bitcoin during halving?

Because Bitcoin halving has happened thrice in the past, we can anticipate what would happen to Bitcoin’s value before, during, and after the event.

Below is a short history of previous Bitcoin halvings:

  • November 2012: This was the first Bitcoin halving, during which mining reward went from 50 BTC to 25 BTC per block. In anticipation of this event, many investors bought into Bitcoin, so from about November 2011 to November 2012, the price of Bitcoin went up by over 340 per cent. After Bitcoin halved, the price of Bitcoin continued to soar for the following year. BTC peaked around 1 year after halving, in November 2013, when its price had surged to nearly +8,000 per cent of the original price.
  • July 2016: The second halving was in July 2016. Again, an upwards trend had formed ahead of the event — about nine months prior — leading BTC’s price to increase by +112 per cent. Bitcoin enjoyed a bull run after the mining reward was halved. This time, the bull run lasted 18 months, at which point BTC peaked at about +2,800 per cent, its price at a halving point.
  • May 2020: The third and most recent halving was in May 2020. Again, Bitcoin’s price began to climb in the lead-up to the event, starting slightly over a year before. BTC then soared dramatically from US$8,800 to US$69,000, or about +784 per cent, in the 18 months following the halving event.

What can we expect for the next Bitcoin halving?

The next Bitcoin halving was originally slated to occur in May 2024, but because mining activity has surged recently, it is now expected to take place in March 2024.

If data from the three previous Bitcoin halvings is anything to go by, we can anticipate a market rally before, during, and after the event.

  • Before halving: We would expect increased investor interest in the lead-up to Bitcoin halving. According to an analysis by crypto service provider Matrixport, BTC starts rallying about 15 months before halving, on average. (If that’s the case, BTC’s price will decrease in December 2022 or January 2023.)
  • During halving: Matrixport expects BTC to rally to US$63,000 by March 2024, the date of the expected fourth Bitcoin halving. However, the halving event tends to brighten, bringing about some volatility, according to Forbes.
  • After halving: After the initial volatility, the period after Bitcoin halvings has historically offered even more dramatic surges in prices. Typically, Bitcoin enjoyed bull runs of about 12 to 18 months before hitting its new peak.

Investors should bear in mind, of course, that past performance cannot always reliably predict future price movements.

What happens after the last Bitcoin halving?

Bitcoin halving will not happen forever. Once Bitcoin hits the fixed supply cap of 21 million BTC, there will be no further new BTC released as rewards for miners, and therefore no further need for halving.

The last halving is expected to occur in 2140, which is when all 21 million BTC should have been created and be in circulation.

Does this spell the death of Bitcoin as a financial system? No. After the last halving, miners will be paid transaction fees in lieu of BTC. This ensures the long-term sustainability of the cryptocurrency.

Why invest in Bitcoin with a licenced fund manager?

The upcoming halving event has stimulated renewed interest in Bitcoin, the grandfather of cryptocurrencies.

Also Read: 13 years on since the birth of Bitcoin, it’s now blockchain’s time to shine

It’s a powerful reminder that Bitcoin was ingeniously designed with safeguards against inflation and in-built supply control mechanisms. There can only ever be 21 million BTC. This makes Bitcoin compelling as a store of value, hence the appeal for many long-term investors, including companies like MicroStrategy.

However, professional investors must proceed with care to avoid risky crypto exchanges and platforms, especially after recent events.

Fintonia’s Bitcoin Physical Fund is an institutional-grade fund managed by Fintonia Group. The purpose of the fund is to allow accredited investors to participate in this growing asset class in a safe and frictionless way with best-in-class security and regulatory practises in place.

Fintonia Group is a Singapore-based fund manager licenced by the Monetary Authority of Singapore with a provisional licence in the Virtual Assets Regulatory Authority in Dubai. We comply with strict standards and regulations regarding client funds and with proper due diligence conducted on the management team to ensure adequate experience and qualifications in terms of risk management.

Fintonia Group works with insured and licenced third-party custodians with state-of-the-art security measures where Bitcoins are stored in cold wallets. The client’s funds are segregated and not co-mingled with Fintonia funds, as required by regulations.

Speak to us for more information on our Bitcoin Physical Fund and gain insights into the best time to buy into Bitcoin.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

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