Entrepreneurs know what their mission is

Simon Sinek has a well known TED talk called “Start with why”.In it he talks about how the best leaders always have a mission, and they explain that mission to all new staff, and remind the company always of their mission, always ensuring everyone knows “why” they’re doing what they’re doing.This enables autonomous behaviour because…

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Entrepreneurs know why they do what they do

Is it the money? Is it the fame? Is it the power? Is it the girls? Is it the boys? Is it to save the world? Is it because you can’t get a job?It doesn’t matter. The only thing that matters is that you’re honest with yourself.Why are you starting a business? Why do you…

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Entrepreneurs are anti-fragile

Nassim Taleb’s book, Antifragile, is a bible for entrepreneurs.The theory is to set up your life in such a way that not only are you resilient to shocks, you actually benefit when adversity strikes.One of the best examples he uses is debt. Debt makes you fragile. If interest rates go up or the bank calls in the loan,…

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Entrepreneurs have regrets

If you don’t have regrets, you’re not growing.How can you possibly look back at your life at not think, “Mmm, I wish I’d done that differently.”No one is born all-knowing. We all make mistakes. We all do stupid things.If you can’t look back at your life and cringe and think “damn, I shouldn’t have done…

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Entrepreneurs never retire

If its your business, why retire?You love what you do. No one can fire you. Why retire?Maybe you want to make way for your kids? Screw that. You don’t build a business for your kids. You build it for yourself.You’ll damage your kids if you hand them a business on a platter.Maybe you want to…

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Entrepreneurs solve their own problems

As an entrepreneur you will encounter myriad challenges, in domains far from your own. Debt, fund-raising, IP law, labour law, partnerships, listings, sales, marketing, accounting, logistics, cashflow, expansion, etc…The temptation is to hire consultants to solve these problems for you. Need to grow awareness? Hire a PR company. Need to protect your IP? Hire a lawyer. Need…

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Entrepreneurs change their minds

“When the facts change, I change my mind. What do you do?” KeynesYou should cringe at some of the things you’ve said in the past.If you’re not changing your opinion, you’re not growing.As you go through life and experience new things, your perspective changes. You learn stuff. You grow up.As an entrepreneur you’ll be forced…

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Entrepreneurs have no formula for success

There is no formula for success. Every successful entrepreneur did it in an original way.But there is a formula for failure. All failed startups make the same mistakes.Spend too much money. Hire the wrong staff. Find the wrong partners. Raise funds from the wrong shareholders. Lose focus. Over promise. Panic.Your first step in a startup is…

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Entrepreneurs try new things

Steve Jobs said that innovation only happens at the intersections of different disciplines.If you want to innovate, you need to find intersections. The way to find intersections is to try new things. Visit new places. Meet new people.When you taste a new thing, see a new sight, hear a new opinion, that’s when the penny…

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Entrepreneurs don’t need the credit

“It is amazing what you can accomplish if you do not care who gets the credit.” Harry TrumanWhy do you need credit? Why do you need people to know it was your idea? Your company? Your success?Sometimes glory will make it easier for you in other entrepreneurial ventures. But mostly, the recognition you crave is…

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Entrepreneurs get married

If you want to be an entrepreneur you need to find a life partner. The sooner the better.Being single might seem like a better option whilst building your business, but you’re wrong.There are plenty reasons for getting married before you start your business.Most importantly, getting married lets you focus. Focus is the single most controllable…

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Entrepreneurs are not victims

Feeling sorry for yourself?Stop.Feel the world owes you something?Stop.Waiting for someone to save you?Stop.No one will will save you. The world owes you nothing. Don’t feel sorry for yourself.Don’t be a victim. Take control of your life. Wake up early. Choose your friends wisely. Start moving forward.Stop waiting for opportunity to knock on your door.Go…

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