Some Thoughts on Entrepreneurship

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 or intrigues YOU, not just what people tell you makes sense or what is the current common thought. If you are special enough to be successful, it’s because you have your own mind and perspective that’s different and it’s the advice YOU consider and hold onto that matters (if you simply just listen to experts and do what they say because they are soooo smart then you should work for them and not yourself).

Experts eh?
If two experts disagree in a room on something then no one really knows the right answer – take a step back, it’s time to find your own path.

Do what you love
Do what you love — I know it’s cliché but truly getting that point is harder then it seems. You are an instant success if you’re doing what you love because otherwise you’re working hard at something you don’t love just to pay for the things you do love. Just cut out the middleman! If you accept the love-of-doing more then the love-of-having life gets so much simpler (sounds kind of hippie , I know). For example, If you love Ferrari’s then 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 alot of wasted time just to experience some distant moment of possession.

Focus hard and focus on your core. 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 would succeed. P.S. Focusing on two things has half that chance of success or less and so on.

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 base can be an office excel spreadsheet that is passed around via email in its infancy. You’d be surprised how much can be learned and/or gained traction from such things.

Actions + Ideas = Something Great
Every idea can be great, from a specialized trash can, to a purse design, to an ornament you place on your Crocs, or a website to share simple two line messages with friends (just look around you at what you own or do). Just stick with it (and mind you that doesn’t mean simply bull-headedly pushing a singular concept – that’s “lazy hard work”). Stick with improving an idea, listening to users, reacting and adapting yourself and idea to what you learn and come across. If you do all the above, you most certainly will succeed, right? 😉

Don’t Save Money, Save Time and Stress
Often times we go cheap to get things started, and being exceptionally frugal myself, this lesson was hard for me to see. Often times saving money comes at a greater cost then the time you lose, the stress you gain and the expertise you fail to implement. Hire people that can do a job exceptionally well, get equipment that will make your business work exceptionally well, etc. That doesn’t mean be lazy and spend money without research or thought…spend smart BUT getting someone cheap, bad equipment, lack of staff to handle the load, and cutting corners bites you in the ass often and seems to always end up more expensive and threatens your growth down the road; like death by a million paper cuts. Always get the best and figure out how to make it work in your budget!

4 thoughts on “Some Thoughts on Entrepreneurship”

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  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.

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