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I think the author fail to distinct between how "entrepreneurism" and "venture backed business" differ. A one man consultancy operation is as much entrepreneur
by pxue 8y ago
I think the author fail to distinct between how "entrepreneurism" and "venture backed business" differ.
A one man consultancy operation is as much entrepreneurism as serving billions of users world wide.
I think we have this misconception that success mean you need to have hockey stick growth on bunch of metrics, anD that you must make your investors 10x return on their investments.
Fundamentally the wrong approach. As an entrepreneur I don't strive to "make money", I strive to learn, adapt, and survive. Money and success depends solely on how well I can iterate those three things.
- abhimanyugrover 8y ago> As an entrepreneur I don't strive to "make money", I strive to learn, adapt, and survive. Money and success depends solely on how well I can iterate those three things. Beautifully said!
- rixrax 8y agoWell said. I should add that as an entrepreneur you don’t have to work for some moronic boss or organization. Bearing in mind that if you employ anyone, then you may be it. Either way, this is a biggie for me. And of course there’s always a boss somewhere, whether it’s the client or the bank or something else.
- JohnFen 8y ago> And of course there’s always a boss somewhere, whether it’s the client or the bank or something else. Yes. To paraphrase Don Lancaster, it's better to get one nickel each from 100 different sources than 100 nickels from a single source. When someone is supplying all your nickels, they begin to think they own you in some way and will dictate how you do business (for instance, by requiring you to work in a particular place and time). When you get one nickel from each, then you are free to get rid of the sources that become overly demanding.