Startup Now!: Entrepreneurship is the Ultimate Vehicle for Personal Development
James Clear stated on Twitter: “Entrepreneurship is a personal growth engine disguised as a business pursuit.”
I think if you ask any entrepreneur they would agree with me.
In the beginning, you will work. You will work hard and you will work long hours. You are putting down the foundation & there is no way around this. And you will learn a lot.
You have to learn or your company will fail. Mindset matters & you may need to change a lot to build a successful business.
Values show up in culture. Business is personal. Every business is a snowflake and unique in the world. While it is helpful to see, hear and learn how other people have built their businesses. BUT it does not mean you have to follow what they do. You can adopt it or not.
You are in charge and you own the results. Because of this, you have a Choice: You can hire the people you want, hopefully people who can do the job well. (You will also learn quickly if this is the case or not).
You can find the customers to focus on and solve the problems you want to work on. If you do this well, you can build massive value in your business. Ie. Equity value.
One of the key lessons I’ve learned in the last 22+ In Silicon Valley, building equity is the proven road to financial independence & wealth.
At minimum it could be “Launchpad Business”, one which provides you enough of an income and living that you can go work on something you really care about. I wrote about it here: https://hardfork.substack.com/p/the-launchpad-business-concept
A successful commercial business has a social impact. You are fixing customers’ problems, growing & educating employees and supporting their families.
The point is that besides starting a family, the starting and running of a business is the most impactful & high leverage thing you can do for yourself and society at large.