Compared to your peers (the other students at this event), how do YOU feel that YOU compare to THEM?
Don’t over-think it. Just answer HONESTLY. We ALL have Strengths AND Weaknesses!
I’ll come back to this column when I have more time to elaborate more on what the point was, what the results might imply, and why we think #SelfAwareness is so important — particularly for entrepreneurs!
[Editor’s Note: Who are you kidding?? — you have 237 columns just like this one that you’ve been planning to come back and edit or finish for years! And, weren’t you planning…
“Professional Buzz-Kill” as Provider of Brutally Honest (“Tough Love”) Feedback for Entrepreneurs. [RealisticRick.com]
Viral Product Creator (and Preacher of “Viral Thinking” & “Viral Math”). [ViralWhatever.com]
Most ADD Entrepreneur in America (and it’s cute that you probably assume that’s hyberbole) [www.IamADD.com]
Past: The Rejection Hotline & HumorHotlines.com
Present: “ReThinkingStartups.com” & “ReThinkingWhatever.com”
Future: The “Starter Startups” Movement, MultipleBaskets.com, TheWhateverNetwork.com
And anyone can talk/write about specific circumstances surrounding the failures of any given (individual) entrepreneur/startup.
But the one (or 3? or 10?) first-hand or second-hand accounts that many have seen/heard/experienced simply isn’t a large enough sample-size to identify patterns or draw any statistically-relevant conclusions to help current/future entrepreneurs — particularly each new year of young and/or first-time founders.
I’ve now interviewed 250+ entrepreneurs, observed 500+ more from close range, and I’ve now seen 1000+ startup pitches and I‘ve become borderline-obsessed with identifying the MACRO-level reasons, the 10,000-feet view of the patterns and most persistently-pervasive problems & pitfalls that are persistently…
“I learned more from my failures than I did from my successes”
“It’s not about how many times you get knocked down, it’s how many times you get back up”
“Live and learn… Nobody said it would be easy… It’s always darkest before the dawn… [blah blah blah]”
*IF* we were given a time machine, wouldn’t the vast majority of us simply choose to learn all those same lessons, but WITHOUT the Stress/Struggles & Mistakes/Miscues… WITHOUT the loss of so much valuable Time/Money (and Sleep/Sanity)… and WITHOUT all the soul-crushing Knockdowns, Breakdowns, Hardships, and eventual Failure…???
[Editor’s Note: The greater…
First Half of Analogy:
“Oh, no! You got hit by a car?!?
Was it perhaps a silver 2015 BMW X3…?
…that ran a red light at the corner of Piedmont and Peachtree…??
…on a Tuesday, around 9:07am…???”
— Wow! Yes, that’s exactly right! How did you know that?!?
“ LOL… No surprise there — we’ve been seeing that exact same thing happen just like that for years!! It’s a shame nobody tried to warn you.
Oh well. Sorry to hear it happened to you too. Good luck with those broken legs!”
Second Half of Analogy:
“Oh, no! You’re…
Please contact info@StartupWhatever.com for more info and/or to get involved with any our stuff!
(3min 45sec — but feel free to skip and scroll down to continue reading)
Some of our upcoming programs:
Enterprise owns both National and Alamo… ??
Avis owns Budget, Payless, and Zipcar… ??
Hertz owns Dollar and Thrifty… ??
If you’ve ever been in the room with founders working on Financial Projections, you might have observed something like this:
>> Co-Founder A: “Ok, let’s go with a sales growth rate of 10% in Year 1, 20% in Year 2, and 30% in Year 3…”
>> Co-Founder B: “Ok… [*enters numbers in Excel*]… Dude, that‘s not gonna get us anywhere close to the $2.5 Million Valuation we’re looking for.”
>> Co-Founder A: “Shit. Ok, well… what if we double the price of this and this, cut this expense in half, change those two from monthly expenses to annual, and…
Many Founders spend A TON OF TIME trying to get funding.
In MANY cases, that funding is needed to hire employees.
I believe that SOME “entrepreneurial employees” out there would actually be interested in that equity (rather than just the dollars that the Founder is attempting to sell the equity to obtain)…
Instead of struggling to find X dollars in funding (to use as salary to pay employees), why not entice employees by letting them work for that equity, the same way they would work for the dollars that you’re trying so hard to find? Equity-Earning Employee-Entrepreneurs? #AlliterationAddiction
We have some innovative new *S.H.I.T. to Share —
*[Strategies, Hypotheses, Ideas, Theories]
— and, to be honest, we really think it could be GAME-CHANGING(!) for Idea Stage / Early Stage Entrepreneurs!
Startup *S.H.I.T. to Share! *Strategies/Hypotheses/Insights/Theories (to discuss/debate/demonstrate)