I'm Justin Griffin.
Professor. Entrepreneur. Attorney. Accountant.
I teach people how to start real businesses by teaching the fundamentals.
Subscribe to my newsletter, Foundational Fridays, for practical advice.
https://t.co/GN9NxO559A
How much do you want to work?
Do you enjoy managing people?
How important is flexibility?
Do you want to build a team or stay solo?
What role does family play in your decisions?
Those answers should influence the type of business you pursue.
A business that creates a life you don't enjoy is a poor fit, even if it makes good money.
Before you commit to an idea, spend a little time thinking about the future you're trying to build.
The internet has done a good job convincing people that success has to look a certain way.
Millions of followers.
A laptop on the beach.
Constant travel.
There is nothing wrong with any of those goals.
There is also nothing wrong with wanting to start a normal business.
@Codie_Sanchez Internet has convinced a lot of people there is an easy road to success.
It is a lie.
Entrepreneurship is a lot of things. Easy isn't one of them.
@HarryStebbings@typesfast I worked at home a lot until until we had our second son. They are 5 and 3 now.
I love being home and my boys coming in to see me but this post is very true.
Impossible to be productive when they are around for that very reason.
There isn't one version of entrepreneurial success.
Some people want to build the next billion-dollar company.
Others want to own a great local business, make a comfortable living, and have dinner with their family every night.
Both are legitimate goals.
In my experience, most aspiring entrepreneurs don't have an information problem.
They have an order-of-operations problem.
They bounce around from task to task spinning their wheels.
A few months later they're exhausted and no closer to launching.
> you’ll never start a rocket company
> you’ll never build your own engines
> you’ll never be able to use off-the-shelf parts
> you’ll never survive three launch failures
> you’ll never reach orbit
> you’ll never win NASA’s trust
> you’ll never launch cargo to the ISS
> you’ll never compete with Boeing
> you’ll never compete with Lockheed
> you’ll never make rockets reusable
> you’ll never land a rocket vertically
> you’ll never land one on a drone ship
> you’ll never reuse a booster
> you’ll never fly the same booster 10 times
> you’ll never fly the same booster 20 times
> you’ll never fly the same booster 30 times
> you’ll never recover and reuse the fairing
> you’ll never lower launch costs
> you’ll never launch every month
> you’ll never launch every week
> you’ll never launch multiple times a week
> you’ll never carry astronauts
> you’ll never replace Roscosmos
> you’ll never fly civilians to orbit
> you’ll never manufacture satellites at scale
> you’ll never build the biggest constellation ever
> you’ll never make satellite internet work
> you’ll never make satellite internet fast
> you’ll never make satellite internet affordable
> you’ll never serve rural customers
> you’ll never serve aircraft and ships
> you’ll never build a methane rocket engine
> you’ll never make full-flow staged combustion work
> you’ll never build the most powerful rocket ever
> you’ll never build a rocket bigger than Saturn V
> you’ll never build it out of stainless steel
> you’ll never launch Starship
> you’ll never separate Super Heavy and Starship
> you’ll never relight Raptor in space
> you’ll never bring Super Heavy back
> you’ll never catch a booster with Mechazilla tower arms
> you’ll never launch 85% of mass to orbit worldwide
> you’ll never change the economics of space
> you’ll never force the entire industry to copy you
> you’ll never win
> you’ll never IPO
Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.
Today is your day. You deserve this. May it be a glorious one.
You often hear "Just start!" but learning how to run a business is a 3 step process.
1. Accept that you must learn the fundamentals.
2. Learn what it is you don’t know.
3. Learn the skills.
Only then are you ready to start writing your business plan.
@SMB_Attorney Law is not a path to easy money. And if you are a creative type it isn't for you. A lot of people get really bad advice because "you are good at public speaking, you should be a lawyer!"