Why would we give an inordinate amount of time and effort to an organisation when the ultimate reality is that we are disposable? The next time you have to make a choice to stay late, play the corporate game and over deliver to corporation XYZ, and choose between the job and the family, maybe you should think about how they’d act if the unthinkable happened. Once you remind yourself of this you’ll know what choice to make. via Link
Building a business is hard work. You can win and you can lose. Chances of you losing is much higher. But you are still running your own race, crafting your own future.
Here is my favorite paragraph.
Fortunes come and go. Building startups is a long game. It is not long on money. You might win money in one startup, then invest it all and lose it the next startup. Startups are long on character. This is the dirty little secret nobody tells you up front: the spoils go to those left standing. By Lucas Carlson
Sometimes I feel the same too. I envied why other startups/entrepreneurs are performing better than me, especially the ones in the same space. Sometimes this feeling overwhelms me and I feel like a failure. Usually at these kind of moments, I would head out for a long run and clear my mind.
The things that are happening to others are external factors that I cannot control. So why do I have to get so frustrated about it? Instead I start to think why is xxx performing better than me? Why is yyy raising at a higher valuation than me? Is it because they have a better product? a better sales team? better growth hacking tactics?
As entrepreneurs, I believe we should be open-minded to learn from other people’s success and at the same time focus on the things that we can control. We can find out the things that others are doing better than us, learn and applied it within our context. I learn that by focusing on the things we can control and change, the result will indirectly affect the external factors.
And this also brings me to this week’s sharing, the bootstrapping myth.
More about the bootstrapping myths at the Bosslist - a weekly newsletter curating the best reads from creative entrepreneurs on their success and mistakes.
Sleeping more can help you win.
Too many of us continue to live by the durable myth that one less hour of sleep gives us one more hour of productivity. In reality, each hour less of sleep not only leaves us feeling more fatigued, but also takes a pernicious toll on our cognitive capacity. The more consecutive hours we are awake and the fewer we sleep at night, the less alert, focused and efficient we become, and the lower the quality of our work. Via link
We all know about the importance of sleep but the entrepreneur fire in us keeps burning and you are reluctant to shutdown. From an entrepreneur to another: Logoff and come back stronger another day.
What if you keep failing?
But what about those tech entrepreneurs who lose – and keep on losing? What about those who start one company after another, refine pitches, tweak products, pivot strategies, reinvent themselves … and never succeed? What about the angst masked behind upbeat facades? Via link
The media have been painting a beautiful picture about people who rose to fame in a short period of time or those who failed and later on became successful. These people are often treated like heroes.
However there is a group of entrepreneurs who are forgotten. The ones that never succeeded but keeps on trying. Their stories are not being told and no one knows the true pain of failing.
If you are looking to start your own business, remember out of many who succeed there are tons out there that failed.
It’s like blogging. Sometimes you need more than good content to get noticed.
As Paul Graham once put it: “A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup.” But, similarly, just because you’re “late-stage” — big, massively well-funded and relatively mature — doesn’t mean you’re not a startup. A corollary of Graham’s definition is: if you need to grow fast, then no matter how big you are, you’re still a startup - meaning you’re still extremely vulnerable. via Link
Across the article, this sentence makes the most sense. “if you need to grow fast, then no matter how big you are, you’re still a startup”
Too much side-projects and too little time? Maybe you should finish one before thinking about another?
Focus is another strategy that can make time. You’ve probably got lots of side-projects; they’re all exciting in their own way. Instead of working on all of them, stop, focus on just one. Focus on getting one launched and then you can go back to any of the others if you want. Otherwise, you might be spreading yourself too thin. via How to Make Time for Your Side Project
Or you can make time simply by compromising. Maybe say watch 1 episode of “The Flash” rather than 2. Think of how you can improve the current side-project, rather than thinking about new ideas?
Remember time is in your hands and you have every right on how you want to spend it.