One Simple and Hard Piece of Advice for Entrepreneurs

“What the human being is best at doing is interpreting all new information so that their prior conclusions remain left intact.” — Warren Buffet

The hardest thing to do is to admit that you are wrong.

The fabric of our beings yearns to be right.

Our identity is built on years of confirming that we know who we are and what we want to be.

We ask children what they want to be when they grow up. Do we expect that they will know more than we did at their age?

More than we might know now.

As a young entrepreneur I spent years building products that nobody wanted.

My identity was built on the business I was building.

I didn’t realize it’s sometimes good to be wrong.

It’s good to admit your failures. It’s good to see that you don’t have the right team, or the right idea, or the right product.

Seeking to understand the opposite perspective puts you on the right path FASTER.

Through those years of struggle, disappointment, and occasional triumph, I realized that knowing that I was moving in the right direction, in the right way was the only way to succeed.

I learned truth is more important than having been right.

And this matters.

Your time is valuable.


Be obsessed with knowing that what you will do today will push you closer to the tomorrow that you want.

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About the Author

Marcus Ellison is a serial tech entrepreneur and the CEO of HackerFleet, a venture building studio that partners with entrepreneurs and investors to build startups.

I love meeting new people. Email me: