Misadventures in Entrepreneurship

Tag: starving entrepreneur

Autonomy: No One Tells You What To Do

“You’re not the boss of me.” – Every 4 year old ever.

This quote, this is the reason people become entrepreneurs, no? So they can be their own boss, be the captain of the ship, call all the shots, get all the monies. Live the dream…can I get an AMEN, ALLELUJAH…amirite?!

Well, yes, but there’s another side to this coin. No one is telling you what to do. You have to call all the shots, and sometimes you have no fucking clue as to what you’re doing. Like none, and you just want to turn to someone who’s the boss and ask, “Ok, now what do I do next?” or “Can you show me how?” No, there’s no one. If you wan the answers you have to find them yourself, or you have make them up as you go. There’s also no one telling you when to do things or how to do them. For me, autonomy is one of the greatest blessings and one of the greatest curses of entrepreneurship.

Let me digress deep into my history for a few minutes…

Academia vs. Entrepreneurship

Growing up my parents tried to impress this idea that if I wanted to be rich and to live the life I always wanted, all I had to do was work hard in school, and I would make the big bucks. For the most part their advice kept me enthused and excited about school. My entire academic career I was basically a 4.0 student (it might have dropped down to a 3.82… in Graduate School). Essentially I grew up thinking that if I just read and performed the way that everyone wanted me to, that equaled success. The first part that screwed me up as a working adult is that to me, unlike most normal children, school was not work or an activity I disliked, I actually loved school. I enjoyed the discipline of it and the thrill of going from ignorance to enlightenment. I started to know and understand things. Not only was learning fun and rewarding for me, it was EASY.  Gasp! 

A second problem with this, “work hard and get good grades, and you’ll be successful,” philosophy is that it is made to sound like graduation is the destination. As if once you’re handed a diploma, someone just starts paying you boatloads of money for having made A’s in school. Funny, right? But seriously, I had internalized this idea that being smart in school, somehow mattered in the real world. Newsflash — it actually doesn’t.  Newsflash — all that studying, test taking, projects, and grades… All of that only matters if you use it to apply it to something new or to contribute to society in some way shape or form, and graduation, whether it’s  elementary school, high school, college or graduate school, is literally just the beginning.

“…graduation, whether it’s  elementary school, high school, college or graduate school, is literally just the beginning.” – Me realizing that I have a lifetime of real work ahead of me.

Please don’t misunderstand. I think school is very important. I think quality education is the true differentiator when it comes to being able to rise above circumstances. However, straight A’s and success don’t necessarily correlateChasing straight A’s did not prepare me for my life’s work and the entrepreneurial calling deep within. Doing well in school doesn’t mean you’ll do well in life. Academia is formulaic and prescriptive. Someone else is telling you what to do, when to do it, how to do it in order to succeed. However, this is diametrically opposed to the core of entrepreneurship: Autonomy. 

Look how happy they are… throwing their caps in the air. Sorry, kids, this is just the beginning of all your hard work.

Autonomy = A Lot of Grinding (And not the kind like you do on the dance floor)

In entrepreneurship autonomy can be your greatest strength, or it will be your downfall. Personally, I waver. I feel like in my personal decisions, I’m quite autonomous. In a professional/career capacity, it’s a lesson I’m still learning and something I’m working on. Output and execution… These are the things that matter, and these are things directly determined by your level of autonomy. You need to be able to do what needs to get done to move the business forward. This is essential if you want to create wealth for yourself and your family and sustain the life that you want to live.

The truth is that as an entrepreneur you have to internalize that hard work is the destination, and no one is going to do it for you. To be successful entrepreneur and not a starving entrepreneur such as myself, you basically have to  grind EVERY DAY of YOUR LIFE. When use mega rich and successful people as motivators and inspiration, it’s important to note they didn’t get rich out of nowhere. Although it might seem like that, they undoubtedly put in hundreds and thousands of hours of work at some point to arrive at that destination in life.  People like Sir Richard Branson never stop working. Even though Bill Gates is mega rich, he worked really friggin’ hard to get there, and he still works very hard on other goals. The promising thing is that they both steer their own ships.  Just remember, no one in this life or on this planet owes you anything, and your success is a direct result of how hard you are willing to work, and how much you use your autonomy to your advantage.

 

Taking a Break from Entrepreneurship

Being an Entrepreneur is Not a Choice

Sure you can choose your career path and what you want to do in life, but I don’t think entrepreneurship is a choice. I think entrepreneurship is a part of an entrepreneur’s DNA. It’s a feeling deep within that requires that you listen to a voice. A voice that calls you be your own boss. A voice that constantly reminds you, you are the captain and need to be in control your own destiny. That you’ll never be successful or truly happy working in someone else’s shadow. However, sometimes the path is not clear. Sometimes the road to successful entrepreneurship is windy. Your career leads you in different directions, and it brings you down an unexpected path. Divergence in the path isn’t necessarily a bad thing, so much as it’s a different thing. Sometimes entrepreneurs just need a break in order to gain clarity and perspective— to learn more. There are a million reasons why 90% of new businesses fail as I’ve experienced many of them, and now I have the opportunity, motivation, and perspective to be able to write about my misadventures in entrepreneurship.  

Going Corporate

I never thought I would go corporate. To me going corporate felt like going to the dark side, felt a lot like failing. A corporate job equated to oppression and working for the man, whoever that man may be. Additionally, many of the people I’ve come across in my professional endeavors told me that a corporate job wasn’t something I’d be suited for. Well due to serendipitous circumstances and my own stellar interviewing skills, I’ve recently landed a good corporate job that I’m genuinely excited about. I see it as one of the biggest learning opportunities of my career path. I’ve conceded to the idea that I like it. I’ve conceded to the fact that this position will be a good thing for me. I’ve conceded to the idea that if I truly want to achieve my goals I need to be able clearly define them and to see problems stopping me from all angles. Just like back in my studio classes when I was studying architecture. This is the part where you take the problem, flip it over and reverse it. Look at it from another angle. Stand on your head if you have to. That’s what I’m doing. I’m standing on my head. Doing a full 180, diving into the upside down into unfamiliar territory.

Leading up to this conversion, I found myself craving all of the things that I haven’t gotten by being in the world of entrepreneurship. A team for daily interaction and to bounce ideas off of (this concept will resurface later), management with clear ideas goals and metrics of success. The funny thing is, these are all things you need to be successful in entrepreneurship and as I write them I realize I probably should have exited my situation sooner, but I also believe everything happens for a reason, hindsight is 20/20, and mistakes are simply lessons learned to be turned into something better in the future.

Time to Refocus and Reflect

This project has been a labor of love for about eight years in my misadventures in entrepreneurship. I’ve been keeping notes, writing, digesting, learning. Full disclosure: I’m no millionaire… I called this blog “Starving Entrepreneur” for good reason. I can’t teach you to be rich, and I don’t purport to know anything more than you, in fact, the more I learn, the more I learn the less I know. All I want to do is share my experiences in the hopes that if you are building a business of your own, you can avoid the mistakes and missteps I’ve encountered, to minimize the bad habits and to maximize the success. The goal is that this blog will last for one year with new posts appearing at the beginning of each week. A lot of content is stuff that’s already been written that I now need to edit and make into cohesive, thoughtful pieces.

I’m using this time in my new position to refocus and reflect. What do I really want to get out of my life? What is the career path that I’m really supposed to be going down? How do my experience, education, and passion all fit together with my love of entrepreneurship? What about my ability to make money and support myself? Is entrepreneurship really the right thing for me? How could I possibly know if it’s the only thing I’ve ever really known?

At the very least I want to stay hungry for success, and I shouldn’t let failure of any kind get me down. Failure is essential for growth and success.