This video is literally 50 entrepreneurs giving you an MBA in 18 minutes:
1. Do something you're deeply passionate about, and don't chase whatever is the hot passion of the day.
2. Passion isn't optional, because the work is so hard that any rational person would quit without it, so go do it, and learn from what you fail at.
3. Don't let people you respect tell you it can't be done. Often they say so only because they lack the courage to try.
4. People who chase ideas to make money lose to those who ask what they love, what excites them, what they already know something about.
5. It's more rewarding and more likely to succeed when you work on something you believe makes a big difference, because the passion brings more energy.
6. You must have an emotional investment in the work. Without loving what you do, failure is close to guaranteed.
7. If you know exactly what you want to be, spend as much time as possible with people who already are that.
8. Question everything, get people to explain why they do what they do, and never accept "this is the way it's always been," instead asking how you could make it better.
9. When generating ideas, ask what new market this creates and what problem in your actual day it solves, even cataloging your whole day to hunt for them.
10. Come up with ten ideas a day, every day, or the idea muscle atrophies. Do it for six months and you become a machine.
11. Understand that nobody naturally cares about your idea. You have to persuade them and prove you're the one who can pull it off.
12. Foster belief in your dream so others believe too, because people need to believe it before they can see it, not the other way around.
13. Don't assume you need a home run on your first try. Build little devices for fun, for yourself, the things you'd actually want, because fun is what drives you to make them better.
14. Put yourself in a business that can be ubiquitous, because anything with a natural ceiling is a permanent grind and hard to scale.
15. Aim for an idea you can defend as "sounds crazy, but here's exactly why it's right," and if you feel no gut doubt, you're not pushing the boundaries far enough.
16. Don't obsess over getting big fast. Size follows from building something genuinely meaningful and important that the world needs.
17. Know your why. Everyone knows what they do, some know how, but almost no one knows why they exist, and your why is your purpose, not profit.
18. Your story is what people actually pay for, so pitch why you matter and why anyone should care, not inside-baseball stats about being 2% better than a competitor.
19. Use the test: if this succeeded but you got no money and no credit and weren't involved, would you still want it to exist?
20. Don't hold your idea close in secret. Your real competitive advantage isn't the idea locked away, it's assembling the team, learnings, and intelligence around whether it works.
21. The hardest thing is to start. Everyone has ideas, but executing it, building it, and attracting people to help is the real challenge, so get it out of your head and make it.
22. You don't have to be the best, just dangerous enough to build it and show it, then find people better than you who are drawn to it and let them make it even better.
23. Good product is maximizing the probability that someone shows up at your door and leaves with their problem solved.
24. Start with the perfect experience for one person and then scale something great, rather than scaling something mediocre and trying to fix it later.
25. Don't go after giant markets early. Go after small markets and take them over quickly.
26. Constantly seek criticism. A well-thought-out critique is as valuable as gold, especially from your friends.
27. Use online communities to test your ideas, because you'll hear from passionate people worldwide, each with experiences that can help you.
28. Never underestimate anyone you meet, from the bus stop to the bartender to the lowest-ranking employee. The smartest leaders ask everyone in the room for their opinion.
29. Most startups fail because they built something people didn't want, then stayed in denial about whether it was any good.
30. Don't let others distract or discourage you. Build the things you want to use, before someone else does, because if you like using it, thousands of others probably will too.
31. Don't just run focus groups or double-check your vision. Rigorously test your ideas throughout the entire product and marketing process.
32. Run the smallest possible test of an idea and get customers using it, because they're the ones who tell you if it's really working.
33. It's okay to solve small problems in layers early, before you have the capacity to actually change the world.
34. Do something exceptional for your users, in community, connection, or design. That's a startup's real advantage over the giants.
35. Spend your money on teaching and sharing, even hiring a writer over a marketer, and build an audience by talking about ideas worth returning for, not yourself.
36. You can't do everything, and even if you could you shouldn't, so find a great partner no matter what you're doing.
37. Look for a partner with high intelligence, high energy, and high integrity, and compromise on none of the three, because a smart hardworking crook is the worst outcome of all.
38. Align with your partner early on your goals. A lifestyle business and building the next Google are both fine, but you have to be genuinely aligned on which.
39. Make committable core values, ones you'll hire and fire on independent of job performance, not lofty lines that become meaningless decoration on the lobby wall.
40. Hold your values religiously, meaning no amount of data sways you, because your long-term success matches the courage you have to maintain that conviction.
41. A company is just a group of people, and like plants they flourish when watered with praise, so be a great listener and motivator who looks for the best in people.
42. As a leader, your real job is to be the assistant to everyone else, making sure they have everything they need to kick ass.
43. A lot is outside your control, market timing, the economy, whether you meet the right investors, and you have to be okay with that.
44. Stay flexible and open-minded. Have a vision, but be genuinely open to changing your product as you go.
45. Don't try to avoid mistakes, because you'll make tons of them. What matters is learning quickly and not giving up, bouncing back each year from the things that could have killed you.
46. Zero in on two things in people: courage and genius. Courage can be learned by forcing yourself not to quit. Genius without courage almost certainly fails.
47. The reality isn't glamorous. Most of your time is heads-down hard work, support emails, sales, and hard engineering problems, so go in with eyes wide open.
48. Be pragmatically pessimistic. Define every worst-case scenario, financial loss, time loss, and come to terms with it before you ever start.
49. If you go in with rose-colored glasses, the first major hiccup will demoralize you and you'll quit.
50. You won't make it through the long, inevitable period of pain if you don't love it, so take care of your mental and physical health, because it's a long road.
TJR dropped the most INTERESTING theory explaining why BILLIONAIRES are found at both ends of the IQ curve and the average person is stuck in a 9 TO 5 in the middle 😳👀
"The billionaires are either geniuses OR so simple they take massive risks without overthinking it."
5 Days ago, I started making content.
3 Days ago, I got made redundant from a career I have been in for two years.
Today, I say make the jump before you get pushed.
I could have grown quicker, nevertheless I dealt with the main on my back.
@Dearme2_ Wise words.
Anger often leaves room for regret and reconciliation, but a smile on departure signals closure.
When someone leaves at peace, they’ve already moved on. Cherish those who stay, and respect those who walk away.