7 tips on being an Entrepreneur

I was recently asked to put together some quick points around entrepreneurship. Points became paragraphs and since I rarely get a chance to blog I figured I would kill two birds with one stone….

You have the x-factor

Try to listen, question, get help and delve into guidance and advice that makes sense to YOU. Don’t just do what people tell you to, or what is the current common thought. If you are special enough to be successful it’s because you have your own mind and your own great perspectives. Those differences should be the lens in which you consider the advice you’re given, and how you choose to embrace the ones you connect with the most. It’s important to listen, but if you JUST do what the “experts” say then you should work for them and not yourself. It is a tough skill to master, listening well to experts is a key component to learning, growing, and it helps you avoid making the same mistakes. What I am driving at is how YOU work is unique, and that uniqueness greatly changes the result of advice you decide to implement. To put it in terms that may risk an oversimplification, true “jerks” work well employing jerk-like tactics, but nice people do it awfully – and vice-versa.

Two Experts Walk Into a Bar

If two experts disagree on something then it’s fair to say no one knows THE right answer – take a step back, it’s an opportunity to find your unique path.

Can’t Buy Me Love

Do what you love — I know it’s cliché but truly adopting it is harder than it seems. You are an “instant success” if you’re doing what you love. Otherwise, you may be working hard at something you don’t love just to pay for the things you do. I say cut out the middleman! If you accept the love-of-doing more than the love-of-having life gets simpler (sounds hippie, I know.) For example, if you love Ferrari’s you should work around, on, or with them at any capacity you can (instant success.) Don’t work your way up at some random office or profession that you don’t love just to buy a Ferrari some day. Seems like a lot of wasted time just to experience some distant moment of possession.

Focus is Deep

Focus hard and focus on your core. Focus doesn’t always mean doing less, it often just means doing more on one specific thing. Most anyone can make any one thing great if they focused on it and dedicated their life to it. If all you did was think about how to make one specific thing awesome every day I think you’d succeed. P.S. Focusing on two things has half that chance of success or less and so on. However, doing two things that both directly impact the greatness of one thing can compound your greatness. Careful, when you’re in the weeds those two examples can seem very similar.

Blank pages suck!

Blank pages suck! Conceptualizing abstractly too long can kill an idea. Create, draw, promote, attempt, try, share, and do as much as possible even if it seems unneeded or premature. Don’t let technical know-how stop you. A movie can be cartooned without a camera, a car body can be made with clay, and a site for something to help a user can start as a spreadsheet passed around via email. You’d be surprised how much can be done, learned from, or gown into from such basic experiments.

Actions + Ideas = Something Great

Every idea can be great, from a specialized trash can, a purse design, or an ornament you place on your Crocs. Just stick with it. Stick with improving an idea, listening to users, reacting and adapting yourself and your ideas.

Don’t Save Money, Save Time and Stress

We can often go cheap to get things started, and being exceptionally frugal myself, learning the difference between cheap and smart is tough. Instead of saving money compare costs: the time you lose is a cost, the stress acquired is a cost, and so on. Hire people that can do a job exceptionally well, get equipment that will make your business work exceptionally well, etc. That doesn’t mean you get to justify spend wads of cash in the persuit of excellence. It means first focus on what you truly NEED and what will make you successful and THEN figure out frugal ways to attain those things. Find out what costs are you incurring unnecessarily and cut it. Then, re-invest those saving into the more important things. Spend smart, but don’t get trapped in a death by a million paper cuts pinching pennies across the board. Always aim for the best and then figure out how to make it work in your budget.

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5 thoughts on “7 tips on being an Entrepreneur

  1. Pingback: startupbug.com

  2. Thank you for “don’t save money, save time and stress” there are bits that really stress me out (design) and keep on putting off getting a designer in, think that bit just pushed me to hiring =]

  3. I really loved your thoughts on doing what you love leading to “instant success.” It’s such an over discussed topic but the way you put it shifts the paradigm in an elegant way, I think.

  4. Pingback: ​I invested 50/50 in Betterment and Wealthfront and this is what happened | Sean Shadmand

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