Strategery
Regular Contributor
FASTLANE INSIDER
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
- Joined
- Jun 25, 2019
- Messages
- 319
Rep Bank
$2,075
$2,075
User Power: 301%
Tl;dr: I’ve been doing stuff to add value to my family’s business, whether it becomes mine or not. Had a bad attitude towards it, but the forum helped me change my mind for the positive.
I had a really unexpected wake-up call on the forum a while back. I was, in my head, asking a simple question about what I should be focused on… which direction I should go with my current job and my family’s business. What happened was the forum revealed to me that I was turning my back on what I had considered to be some core values. I wrestled with some of the comments for a while, hoping to trick myself into thinking I was in the right, but ultimately my values told my ego to stfu.
This is my attempt to pay back or pay forward the advice that was given to me. I want to show that I am in fact grateful for everyone who took the time to help me. I guess this is technically a progress thread, but I F*cking hate that term… if you wanted to be nosey you could see that I have a few “progress threads” that kind of just died after the first few posts. Mostly action-faking nonsense. So I’m going to do this one a little differently, true Costanza style.
I’ll compose these offline, mostly so that I can stack up a few ahead of time so I won’t feel compelled to write a bunch of bullshit just to keep up appearances. It’ll also give me more time to edit the posts and hopefully provide value to some folks. Because that’s really why I’m here, to provide value, and learn from those who provide tons of value.
With that in mind, I’ll start this first post with some advice that a forum member recently gave me, and a little story about how I started to implement that advice.
Volodya’s advice: Whatever you’ve been doing hasn’t worked. You need to do 10 times what you’re doing now.
I work in scrap metal recycling for my family. Me, my dad, my brother, and my sister. I’m the youngest of four. Being the youngest, I suppose growing up some of the pressure to run the family business was skipped over me, as most of that burden fell directly on the shoulders of my brother. I hated working in recycling. Still do to some degree. It’s dirty, smelly, and dangerous. I’ve broken fingers and sustained concussions doing my daily job. OSHA compliance didn’t really exist at most junk yards when I was younger. Unless an OSHA rep (or anyone in a suit really) stopped by, and then it became “Hardhat Day.” Even office workers would wear a hard hat and high-vis jacket on those visits, just to be thorough lol…
I spent a lot of time in school. Like, a lot. I have a very useless degree in Athletic Training, and then decided I wanted to pursue medical school, then computer science, and later engineering. I never got to any of those careers, because the junkyard always paid me more. I could kill it in class, sure, but I never committed to getting off the ground with something. Recycling was the nail I just couldn’t stop laying on. I’d come back for a while only to see some shiny object in the form of a prestigious job title or potential high-paying salary.
Whatever you’ve been doing hasn’t worked.
Anywho, eventually I found a rabbit hole of entrepreneurship stuff that lead me to MJ’s books and the desire to just be free of normal jobs that would never allow me to follow my passions. So I started on the FLF. Went to Summit. Started a web design biz (for the worst F*cking reasons). Quit my job at the junkyard. Went to another conference where I spoke about fitness (long-time passion). Started an online barbell coaching biz. Stayed in Mexico with the intent to live there. Had my heart broken, followed by my bank account. Came back with my tail firmly between my legs.
For some reason, things felt different this go around. My dad had a fair amount of respect for me. Employees started coming to me for help or advice. People wanted to know what I thought. Things would be going well at work and I would take on new projects. But then something would piss me off that my dad said to me… some snide, underhanded comment about the way I did something. Parents truly have a special talent to undo any maturity you’ve attained and can push buttons that you didn’t remember you had. Why he does this, on a regular basis, I stopped really caring about a while back. But anywho after an argument, I’d start money-chasing again. I’d have 20 stupid F*cking ideas about a business (maybe some were decent) and I’d do precisely F*ck all with them. I would work myself into an internet frenzy on the weekend, accomplish nothing and then very deflatedly drag my a$$ back into work on Monday.
You need to do 10 times what you’re currently doing.
Money-chasing describes what I was doing very well. But more so, I was hiding. Hiding from the work. I’d been doing it my whole life, not just working for my dad. I could always find a justification for why working for him was such a waste of my time.
I could really change things if he would just get out of my way!
He does things so backward!
I’d be better off on my own, then I’d really show that dumbass how to run a business!
So it would go, and I would half-a$$ my work some more. I would accomplish nothing, not for myself, or anyone else.
Eventually, I decided to come back to the FLF and ask for some advice. And then @Antifragile hit me with the above quote. Nothing I’d done before had worked. Not to make me Fastlane, nor have any freedom of any kind. I was unhappy and unfulfilled, ignoring the successful businessman in front of me and all the value that he’d created.
I needed to do 10 times what I was currently doing. This one I struggled with for a while, no joke. I just didn’t get it.
Why work hard at something I want no part of? That’s just a waste of time!
The rationalization for actually getting in and doing the work came indirectly from, again, something Volodya said. He was talking about FTE’s, a subject that always baffled me. I never really had one, so I’ve always been worried that I didn’t have the appropriate amount of adversity to be successful. But I see it two ways now. First, I don’t think an FTE comes from laying uncomfortably on a nail like the dog at the convenience store. If you have a cushy job (or one that allows you to have a cushy life outside of work), you aren’t very likely to have an FTE. In my case, I may indeed work a very physically demanding job, but on the weekends I am very good at pampering myself and being comfortable as shit. Of course my ego rationalizes every dollar wasted on watches, expensive meals, drinks, or whatever bullshit I feel like I “deserve” because I “worked hard.” I am very efficient at leaving work behind on the weekends. So, to have an FTE, I calculate that I need to work harder at what’s right in front of me. I can fight the good fight for my employees, I can provide value for the business, and I can be under-appreciated and disrespected enough to maybe manufacture an FTE… Ok, not manufacture, but if I really put everything I’ve got and then some more into my job, I won’t just be providing value for the company, but also for myself.
The other way I see it, an FTE is simply a very real catalyst that sparks change. MJ’s was a miserable night stuck in a limo in Chicago, which probably resonates with a lot of people who are attracted to FLF. While I can sympathize, I just can’t empathize. I’ve never had to experience something like that, thank God. But what I can do is DECIDE that I’m not going to let my ego shield me from opportunity anymore. I can DECIDE to stop hiding from the work. I can DECIDE to do 10 times more than what I’m currently doing. Horrible experience or not, if I decide to change, and follow through with it, then I’ve had my FTE, or the equivalent of it. If I’m wrong in my thinking MJ, please rip me a new one. Either way, I’m not going to let it stop me from taking action. Oh yeah, speaking of action…
What I’m doing
I sat down a while back with my girlfriend and we first focused on me, my abilities, my strengths, my weaknesses, what I’d done for the company, me me me. We got it out of the way and she took notes the whole time, which basically amounted to one pretty decent looking resume in case, as she put it, I decided to just say F*ck it and work somewhere else. After some contemplation I started working on a list on my own, which focused only on the junkyard, and what needed to happen to it in order for it to become a $100,000,000 business. I was a little disheartened when I finished the list. I couldn’t really do any of those things, my dad nor my brother would ever go for my ideas, even if the ideas came straight from more successful business people. Then I remembered Jocko talking about leading from the middle…
I can’t do all the things the company needs… yet. But I can do some things that would provide a ton of value. So I started making another list. This time it was things that I could change, regardless of ownership status. After completing the first iteration of this list, I felt clear. I felt focused. I could breathe. The obstacle is the way, and I had finally identified the obstacle. Now I’m nowhere near where I want to be in terms of a focused plan of action, but I definitely have enough to get started, and I have. I will not post my list here, as I fear my ego will try to convince me that I’ve “accomplished” things because they got likes. I will only post what I’ve done after the fact, not what I plan to do. So here’s what I’ve done:
We currently pay customers with handwritten checks, after calculating what they’ve sold, also by hand. It is a mind-numbingly slow, antiquated process that desperately needs change. Buy-side software exists for junk yards. On my own, with no one telling me what to do, I researched what we needed and set up a call with a company so they could go through their schpeel and help to convince the bottom line, aka Dad. He was miraculously convinced. The problem now? The software required high-speed internet, which we didn’t have. In fact, we still have DSL. And it was buried without conduit, so every time it rains the internet and phone go out. So to get high-speed internet, conduit had to be laid from the nearest pole to the building. So I rented a mini excavator, bought some conduit after consulting with a tech and the internet, and went to work. Came in early for a week straight so no one would bother me, got it done. Something weird happened that week when I was voluntarily working more… I enjoyed it. I loved working towards a goal. Now I’m still waiting for the internet company to finish the install, and I’m having to harass them every day, but I still feel like I accomplished something by getting the conduit in, buried, and a pull string installed (with a vacuum cleaner, it was kind of cool). Why didn’t I just hire someone to do it? Well, I don’t really have that authority. And Dad doesn’t like spending money on things. So I just did it myself. Not very Fastlane, but it’s working toward building a Fastlane company, maybe even for me.
The other problem I’ve been focusing on, mostly in my spare time outside of work has been hiring. We suck at recruitment and retention. My theory: we just don’t pay enough to compete with local factories that offer lots of benefits. No successes here really other than a few new folks, but it’s something I’m actively working on, and am very open to suggestions.
There are other various engineering/machine-focused projects that I’ve been working on as well, much harder than I have in times passed. I’ve still not really nailed down exactly which direction to go, but I feel a whole lot better providing value on a daily basis.
This is long-winded as hell, I’ll just call this the end of post 1. Hopefully the rest will be a little shorter, just felt like some background was needed. Eventually I’ll talk about some goals I have for the company, but in another post. I'll also talk about how other forum member's advice has influenced my recent actions.
I had a really unexpected wake-up call on the forum a while back. I was, in my head, asking a simple question about what I should be focused on… which direction I should go with my current job and my family’s business. What happened was the forum revealed to me that I was turning my back on what I had considered to be some core values. I wrestled with some of the comments for a while, hoping to trick myself into thinking I was in the right, but ultimately my values told my ego to stfu.
This is my attempt to pay back or pay forward the advice that was given to me. I want to show that I am in fact grateful for everyone who took the time to help me. I guess this is technically a progress thread, but I F*cking hate that term… if you wanted to be nosey you could see that I have a few “progress threads” that kind of just died after the first few posts. Mostly action-faking nonsense. So I’m going to do this one a little differently, true Costanza style.
I’ll compose these offline, mostly so that I can stack up a few ahead of time so I won’t feel compelled to write a bunch of bullshit just to keep up appearances. It’ll also give me more time to edit the posts and hopefully provide value to some folks. Because that’s really why I’m here, to provide value, and learn from those who provide tons of value.
With that in mind, I’ll start this first post with some advice that a forum member recently gave me, and a little story about how I started to implement that advice.
Volodya’s advice: Whatever you’ve been doing hasn’t worked. You need to do 10 times what you’re doing now.
I work in scrap metal recycling for my family. Me, my dad, my brother, and my sister. I’m the youngest of four. Being the youngest, I suppose growing up some of the pressure to run the family business was skipped over me, as most of that burden fell directly on the shoulders of my brother. I hated working in recycling. Still do to some degree. It’s dirty, smelly, and dangerous. I’ve broken fingers and sustained concussions doing my daily job. OSHA compliance didn’t really exist at most junk yards when I was younger. Unless an OSHA rep (or anyone in a suit really) stopped by, and then it became “Hardhat Day.” Even office workers would wear a hard hat and high-vis jacket on those visits, just to be thorough lol…
I spent a lot of time in school. Like, a lot. I have a very useless degree in Athletic Training, and then decided I wanted to pursue medical school, then computer science, and later engineering. I never got to any of those careers, because the junkyard always paid me more. I could kill it in class, sure, but I never committed to getting off the ground with something. Recycling was the nail I just couldn’t stop laying on. I’d come back for a while only to see some shiny object in the form of a prestigious job title or potential high-paying salary.
Whatever you’ve been doing hasn’t worked.
Anywho, eventually I found a rabbit hole of entrepreneurship stuff that lead me to MJ’s books and the desire to just be free of normal jobs that would never allow me to follow my passions. So I started on the FLF. Went to Summit. Started a web design biz (for the worst F*cking reasons). Quit my job at the junkyard. Went to another conference where I spoke about fitness (long-time passion). Started an online barbell coaching biz. Stayed in Mexico with the intent to live there. Had my heart broken, followed by my bank account. Came back with my tail firmly between my legs.
For some reason, things felt different this go around. My dad had a fair amount of respect for me. Employees started coming to me for help or advice. People wanted to know what I thought. Things would be going well at work and I would take on new projects. But then something would piss me off that my dad said to me… some snide, underhanded comment about the way I did something. Parents truly have a special talent to undo any maturity you’ve attained and can push buttons that you didn’t remember you had. Why he does this, on a regular basis, I stopped really caring about a while back. But anywho after an argument, I’d start money-chasing again. I’d have 20 stupid F*cking ideas about a business (maybe some were decent) and I’d do precisely F*ck all with them. I would work myself into an internet frenzy on the weekend, accomplish nothing and then very deflatedly drag my a$$ back into work on Monday.
You need to do 10 times what you’re currently doing.
Money-chasing describes what I was doing very well. But more so, I was hiding. Hiding from the work. I’d been doing it my whole life, not just working for my dad. I could always find a justification for why working for him was such a waste of my time.
I could really change things if he would just get out of my way!
He does things so backward!
I’d be better off on my own, then I’d really show that dumbass how to run a business!
So it would go, and I would half-a$$ my work some more. I would accomplish nothing, not for myself, or anyone else.
Eventually, I decided to come back to the FLF and ask for some advice. And then @Antifragile hit me with the above quote. Nothing I’d done before had worked. Not to make me Fastlane, nor have any freedom of any kind. I was unhappy and unfulfilled, ignoring the successful businessman in front of me and all the value that he’d created.
I needed to do 10 times what I was currently doing. This one I struggled with for a while, no joke. I just didn’t get it.
Why work hard at something I want no part of? That’s just a waste of time!
The rationalization for actually getting in and doing the work came indirectly from, again, something Volodya said. He was talking about FTE’s, a subject that always baffled me. I never really had one, so I’ve always been worried that I didn’t have the appropriate amount of adversity to be successful. But I see it two ways now. First, I don’t think an FTE comes from laying uncomfortably on a nail like the dog at the convenience store. If you have a cushy job (or one that allows you to have a cushy life outside of work), you aren’t very likely to have an FTE. In my case, I may indeed work a very physically demanding job, but on the weekends I am very good at pampering myself and being comfortable as shit. Of course my ego rationalizes every dollar wasted on watches, expensive meals, drinks, or whatever bullshit I feel like I “deserve” because I “worked hard.” I am very efficient at leaving work behind on the weekends. So, to have an FTE, I calculate that I need to work harder at what’s right in front of me. I can fight the good fight for my employees, I can provide value for the business, and I can be under-appreciated and disrespected enough to maybe manufacture an FTE… Ok, not manufacture, but if I really put everything I’ve got and then some more into my job, I won’t just be providing value for the company, but also for myself.
The other way I see it, an FTE is simply a very real catalyst that sparks change. MJ’s was a miserable night stuck in a limo in Chicago, which probably resonates with a lot of people who are attracted to FLF. While I can sympathize, I just can’t empathize. I’ve never had to experience something like that, thank God. But what I can do is DECIDE that I’m not going to let my ego shield me from opportunity anymore. I can DECIDE to stop hiding from the work. I can DECIDE to do 10 times more than what I’m currently doing. Horrible experience or not, if I decide to change, and follow through with it, then I’ve had my FTE, or the equivalent of it. If I’m wrong in my thinking MJ, please rip me a new one. Either way, I’m not going to let it stop me from taking action. Oh yeah, speaking of action…
What I’m doing
I sat down a while back with my girlfriend and we first focused on me, my abilities, my strengths, my weaknesses, what I’d done for the company, me me me. We got it out of the way and she took notes the whole time, which basically amounted to one pretty decent looking resume in case, as she put it, I decided to just say F*ck it and work somewhere else. After some contemplation I started working on a list on my own, which focused only on the junkyard, and what needed to happen to it in order for it to become a $100,000,000 business. I was a little disheartened when I finished the list. I couldn’t really do any of those things, my dad nor my brother would ever go for my ideas, even if the ideas came straight from more successful business people. Then I remembered Jocko talking about leading from the middle…
I can’t do all the things the company needs… yet. But I can do some things that would provide a ton of value. So I started making another list. This time it was things that I could change, regardless of ownership status. After completing the first iteration of this list, I felt clear. I felt focused. I could breathe. The obstacle is the way, and I had finally identified the obstacle. Now I’m nowhere near where I want to be in terms of a focused plan of action, but I definitely have enough to get started, and I have. I will not post my list here, as I fear my ego will try to convince me that I’ve “accomplished” things because they got likes. I will only post what I’ve done after the fact, not what I plan to do. So here’s what I’ve done:
We currently pay customers with handwritten checks, after calculating what they’ve sold, also by hand. It is a mind-numbingly slow, antiquated process that desperately needs change. Buy-side software exists for junk yards. On my own, with no one telling me what to do, I researched what we needed and set up a call with a company so they could go through their schpeel and help to convince the bottom line, aka Dad. He was miraculously convinced. The problem now? The software required high-speed internet, which we didn’t have. In fact, we still have DSL. And it was buried without conduit, so every time it rains the internet and phone go out. So to get high-speed internet, conduit had to be laid from the nearest pole to the building. So I rented a mini excavator, bought some conduit after consulting with a tech and the internet, and went to work. Came in early for a week straight so no one would bother me, got it done. Something weird happened that week when I was voluntarily working more… I enjoyed it. I loved working towards a goal. Now I’m still waiting for the internet company to finish the install, and I’m having to harass them every day, but I still feel like I accomplished something by getting the conduit in, buried, and a pull string installed (with a vacuum cleaner, it was kind of cool). Why didn’t I just hire someone to do it? Well, I don’t really have that authority. And Dad doesn’t like spending money on things. So I just did it myself. Not very Fastlane, but it’s working toward building a Fastlane company, maybe even for me.
The other problem I’ve been focusing on, mostly in my spare time outside of work has been hiring. We suck at recruitment and retention. My theory: we just don’t pay enough to compete with local factories that offer lots of benefits. No successes here really other than a few new folks, but it’s something I’m actively working on, and am very open to suggestions.
There are other various engineering/machine-focused projects that I’ve been working on as well, much harder than I have in times passed. I’ve still not really nailed down exactly which direction to go, but I feel a whole lot better providing value on a daily basis.
This is long-winded as hell, I’ll just call this the end of post 1. Hopefully the rest will be a little shorter, just felt like some background was needed. Eventually I’ll talk about some goals I have for the company, but in another post. I'll also talk about how other forum member's advice has influenced my recent actions.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today