Entrepreneurs are stoic

At its core, stoicism is a philosophy for dealing with adversity. What better philosophy for a budding entrepreneur?Here are some basic rules: Focus on what you can control Distinguish between things that are under your control and things that are not. (Think of the Serenity Prayer.) Don’t be upset by things which you cannot influence,…

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Entrepreneurs need kids

There are many good reasons to have kids. Beer-fetchers. Garden-mowers. Pension-providers. They are a legitimate excuse to watch cartoons.For an entrepreneur, children provide the following extra benefits: Give you purpose Viktor Frankl, a psycho-analyst, survived five years in WWII camps. He watched many people die, go crazy, and lose their principles. He observed men give…

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Guilt in startups vs corporates

If you work in a corporate, you feel guilty if you don’t look like you’re working hard, even if you have no work to do.If you’re an entrepreneur, you feel guilty only if you have work to do. Its irrelevant whether you look like you’re working hard or not.Thats the difference between corporate and working…

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Shortcuts are for losers

There are no shortcuts to making money. Only shortcuts to losing money.Even if you do make money quickly, you’ll lose it quickly. Easy come easy go.Stop looking for the shortcut and start looking for the hard path. The hard path is there the money is.Be the person that puts in the hard yards, and you’ll be the…

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Too much profit is dangerous

Too much profit makes you lazy. It lets you hire people you don’t have work for. It lets you rent  fancy offices you don’t need. It lets you increase salaries to above market-related.Too much profit lets you increase your overheads without feeling pain.That’s all fine and well until the day the game changes and your…

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Entrepreneurs admit defeat

Perseverance is one of the greatest attributes of successful entrepreneurs. But sometimes you’re flogging a dead house.The hard thing to do is admit defeat, cut your losses, and move on to the next battle.No one likes to admit she made a mistake, she wasted years of her life, she lost her family’s savings. Which is why there…

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Entrepreneurs clear the air

Never go to bed with bad blood. If you have a fight with a partner, employee, supplier, anyone, make sure you call back later and chat about something completely different, in a normal tone.You’ll clear the air, and both of you can sleep easy.Never go to bed with bad blood.

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Finding your life’s work

Either you can try find your life’s work, or you can make it easy for your life’s work to find you. Here are four ways for the latter: Get married. Marriage lets you focus. Start waking up at 5am every day. You can achieve more if you wake up early, especially if you have nothing to do….

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Get your priorities straight

The definition of success as an entrepreneur is to achieve complete personal financial freedom, whilst making a positive impact on the world around you. Its no good making a difference and not making a profit. Its also no good making a profit in a manner that hurts other people.As a person, success is being 70 years old and…

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