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HOT TOPIC What Is So Hard About Entrepreneurship?

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Kid

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This answer will probably not be most popular
but i would say it's at least 80% correct.
So without further ado:

It's hard because people want to make it hard.

I would call reaction of "No kid! BS! You don't understand! How dare you!"
to kind of knee jerk reaction and its awaited.

But when you will think about then it happens not be so FU line.

Look, talk to any successful entrepreneur from this forum and ask him
to do something totally different than they do now.
They will politely tell you to go somewhere else.

Also ask any beginning entrepreneur to do something they don't
consider and answer will be the same.

What it has to do with question in this topic?
One thing - doing hard thing is pleasant.
It's a rah-rah of entrepreneurship.
It's "Look how tough i am! I did this hard thing!"

Those two things collide:
wanting to do only what you want and having something to show off publicly.

As for effects, both of those things make most or all people fail.
...and probably will keep making them fail in foreseeable future.
 

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I think I know what is so hard about entrepreneurship.

You have to figure out everything by yourself.

At school, your teachers tell you what to do, and how to do it. You don't have to be smart to succeed at school. You just need to obey and understand what your teacher expects from you.

No one tells you what to do in entrepreneurship. No one tells you what the result is supposed to be. And no one gives you a list of instructions, tightly arranged in ordered bullet points.

You're on your own. You don't get any feedback but the customers'. And there aren't many people to ask questions to.

So I guess for me, the harder would be to identify priorities (I also struggle with this in my life). I see everything as equally important because every action is serving a future purpose. I consider these purposes as important as all the others.

I have 5 projects going on now, and this is way too many.

Yes, you did figure it out. The stress comes from not knowing if you are doing what you are supposed to do. And you'll really never know until it's too late. It's basically all on you.
 

WJK

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This answer will probably not be most popular
but i would say it's at least 80% correct.
So without further ado:

It's hard because people want to make it hard.

I would call reaction of "No kid! BS! You don't understand! How dare you!"
to kind of knee jerk reaction and its awaited.

But when you will think about then it happens not be so FU line.

Look, talk to any successful entrepreneur from this forum and ask him
to do something totally different than they do now.
They will politely tell you to go somewhere else.

Also ask any beginning entrepreneur to do something they don't
consider and answer will be the same.

What it has to do with question in this topic?
One thing - doing hard thing is pleasant.
It's a rah-rah of entrepreneurship.
It's "Look how tough i am! I did this hard thing!"

Those two things collide:
wanting to do only what you want and having something to show off publicly.

As for effects, both of those things make most or all people fail.
...and probably will keep making them fail in foreseeable future.
For me, it's doing the right stuff day after day -- quietly, efficiently, and thoughtfully while flying under the radar.
 

hellolin

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Being yourself when seemingly everything in the world is going against you and going wrong. That would first require to know yourselves first, which most people can't do. I am not even in that first step yet, just trying to know myself has already delivered so much pain. Imagine actually have to use that knowledge to seek more pain by going for uncertainty instead of certainty.
 

WJK

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Being yourself when seemingly everything in the world is going against you and going wrong. That would first require to know yourselves first, which most people can't do. I am not even in that first step yet, just trying to know myself has already delivered so much pain. Imagine actually have to use that knowledge to seek more pain by going for uncertainty instead of certainty.
Actually, I like myself. I've had an amazing life. I've helped a lot of people day by day. Yes, I've had some very painful days, failures, and situations... BUT, I've created my life and I am totally responsible for every part of it. I accept that there must be pepper with salt -- life is in balance. Bad things happen at times. So do wonderful things.
 

hellolin

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Actually, I like myself. I've had an amazing life. I've helped a lot of people day by day. Yes, I've had some very painful days, failures, and situations... BUT, I've created my life and I am totally responsible for every part of it. I accept that there must be pepper with salt -- life is in balance. Bad things happen at times. So do wonderful things.

Amazing to me that to arrive at this stage before trying any business is already a mighty accomplishment for many, trying to do this myself and it is hard. I think most people just likes to amusing themselves to death so they never had to face themselves. I am amazed daily at the gap between people who feels like they are totally responsible for their life's outcomes and people who don't, it's like those people are interact daily in our society yet they live planets apart....
 

WJK

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Amazing to me that to arrive at this stage before trying any business is already a mighty accomplishment for many, trying to do this myself and it is hard. I think most people just likes to amusing themselves to death so they never had to face themselves. I am amazed daily at the gap between people who feels like they are totally responsible for their life's outcomes and people who don't, it's like those people are interact daily in our society yet they live planets apart....
You're right. The people who don't feel responsible think that success comes from luck or magic rather than planning and hard work. They don't understand the process at all.
 

mon_fi

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I understand and cherish responsibility as much as I dread it.

It is nice and liberating, but it is also very scary. I kinda feel like flying without a net, and I hate that. I don't mind flying blind, I actually find it challenging, but I want to have a parachute.

To be fair, I think the school system did not put enough emphasis on responsibility either (yes, I know, it feels like I am blaming someone else for not teaching me taking responsibility for myself lol I see the irony).

I graduated in June 2020 and have been taking full responsibility for myself only since September 2020.

I have only one observation about it:

IT IS HARD.

I checked with my classmates and everyone is feeling the same. School did NOT prepare us for life.

At least when you know it, you can do something about it.
 

Andy Black

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I understand and cherish responsibility as much as I dread it.

It is nice and liberating, but it is also very scary. I kinda feel like flying without a net, and I hate that. I don't mind flying blind, I actually find it challenging, but I want to have a parachute.

To be fair, I think the school system did not put enough emphasis on responsibility either (yes, I know, it feels like I am blaming someone else for not teaching me taking responsibility for myself lol I see the irony).

I graduated in June 2020 and have been taking full responsibility for myself only since September 2020.

I have only one observation about it:

IT IS HARD.

I checked with my classmates and everyone is feeling the same. School did NOT prepare us for life.

At least when you know it, you can do something about it.
School prepares us for factories or cubicles. It’s there to ensure most people can keep a roof over their head. Even those who take advanced study are just studying technical knowledge to a higher level, they’re not learning how to get ahead in life unless it’s to get a higher paying job.

A niece is straight out of college and thinking of doing digital marketing. It saddens me that she’s so conditioned by the script that she’ll likely spend €1,300 on a course in Dublin rather than get a client and learn what she needs when it’s needed. I’ve had a wee chat but I may as well be from another planet.
 

djcoax

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School prepares us for factories or cubicles. It’s there to ensure most people can keep a roof over their head. Even those who take advanced study are just studying technical knowledge to a higher level, they’re not learning how to get ahead in life unless it’s to get a higher paying job.

A niece is straight out of college and thinking of doing digital marketing. It saddens me that she’s so conditioned by the script that she’ll likely spend €1,300 on a course in Dublin rather than get a client and learn what she needs when it’s needed. I’ve had a wee chat but I may as well be from another planet.

I'm starting to think it is possible to plot down a formula for guaranteed success in business.
But even with the formula in hand - you have to see the light first. The rock-bottom FU point MJ describes in his books. It's about having the correct mindset and focus.

1. Focus on creating value/helping others

Think about all the successful people in this world. They have one thing in common and that is that they all create some kind of value for the world.

2. Focus on the process- not the endpoint

Habits > Goals. Goals are moving targets - habits are in the now.

3. Do. Act. Deliberately step out of your comfort zone every single day

Do something scary that propels your business forward every day. So many people are action faking.
Deliberately plan to do something scary first thing in the morning.

4. Exercise and Meditate Daily. Eat Healthy. Sleep 8hrs.

This is the foundation of everything. Without a healthy mind and body, there is nothing.

5. Be Grateful

Be thankful you are here. You are alive. Enjoy !

I honestly think adhering to these five principles will get you quite far.
 

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Andy Black

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I'm starting to think it is possible to plot down a formula for guaranteed success in business.
But even with the formula in hand - you have to see the light first. The rock-bottom FU point MJ describes in his books. It's about having the correct mindset and focus.

1. Focus on creating value/helping others

Think about all the successful people in this world. They have one thing in common and that is that they all create some kind of value for the world.

2. Focus on the process- not the endpoint

Habits > Goals. Goals are moving targets - habits are in the now.

3. Do. Act. Deliberately step out of your comfort zone every single day

Do something scary that propels your business forward every day. So many people are action faking.
Deliberately plan to do something scary first thing in the morning.

4. Exercise and Meditate Daily. Eat Healthy. Sleep 8hrs.

This is the foundation of everything. Without a healthy mind and body, there is nothing.

5. Be Grateful

Be thankful you are here. You are alive. Enjoy !

I honestly think adhering to these five principles will get you quite far.
This is so so different from what’s taught at school.
 

mon_fi

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I'm starting to think it is possible to plot down a formula for guaranteed success in business.
But even with the formula in hand - you have to see the light first. The rock-bottom FU point MJ describes in his books. It's about having the correct mindset and focus.

1. Focus on creating value/helping others

Think about all the successful people in this world. They have one thing in common and that is that they all create some kind of value for the world.

2. Focus on the process- not the endpoint

Habits > Goals. Goals are moving targets - habits are in the now.

3. Do. Act. Deliberately step out of your comfort zone every single day

Do something scary that propels your business forward every day. So many people are action faking.
Deliberately plan to do something scary first thing in the morning.

4. Exercise and Meditate Daily. Eat Healthy. Sleep 8hrs.

This is the foundation of everything. Without a healthy mind and body, there is nothing.

5. Be Grateful

Be thankful you are here. You are alive. Enjoy !

I honestly think adhering to these five principles will get you quite far.

1 and 2 are so important
 

Ing

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finding needs
sales
 

Ing

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The hardest thing for me is validating need.

Genuine need.

Everything else is just mechanics.

Limiting beliefs, fear of not making it, not knowing if you should find a new idea etc. are all thrown out the window when you have a product/service that people genuinely want to spend money to acquire.

I know MJ said the world isn't perfect, but I never knew it would be this difficult to find an imperfection that people are willing to pay to get rid off.

that!
 

WJK

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I understand and cherish responsibility as much as I dread it.

It is nice and liberating, but it is also very scary. I kinda feel like flying without a net, and I hate that. I don't mind flying blind, I actually find it challenging, but I want to have a parachute.

To be fair, I think the school system did not put enough emphasis on responsibility either (yes, I know, it feels like I am blaming someone else for not teaching me taking responsibility for myself lol I see the irony).

I graduated in June 2020 and have been taking full responsibility for myself only since September 2020.

I have only one observation about it:

IT IS HARD.

I checked with my classmates and everyone is feeling the same. School did NOT prepare us for life.

At least when you know it, you can do something about it.
Yes, it's hard. Yes, things happen that aren't fair. No, going to school did not prepare you for living in the real world. Only experiences and hard knocks will do that for you. So, what do you do now????

IF you want to go out and get a job, you can buy some time to get your feet on the ground. If you don't, then you must hit the ground running and build your own income.

The job will give you the false sense that you have a net. You notice that I said "false" sense. They can fire you any day that they get a wild hair. They can also put you in their corporate dungeons far away from the real action. BUT, if you really put your shoulder into it, you can learn a lot that you will need to know later. That entails stepping up to do all the "shit" work that no one else wants to do. It also requires a self-learning program in ALL of your spare time. Book, audios, podcasts, and interviews with everyone around you are the ticket to gaining knowledge that you can really use. Oh, and you must be willing to jump ship to go somewhere else to learn other new skills, no matter the pay cut or lack of benefits.

The other side of the coin is building your own business. That's an act of really flying without a net. Are you willing to giving up everything without knowing where your next meal will come from? Sounds sexy, uh. I know people who have reached for the stars and made it. But, the odds are stacked against you since you are lacking the real-world experience to make it work.

So, wanna hear my suggestion? Take the job and start a "baby" sized business on the side. Take on some side-gigs. Put your toe in the water without jumping in with your whole body. Keep notes. Ask questions. Make friends with people who are doing different gigs. Help them for free to get some hands-on experience. Figure out what works for you and what bombs. What skills do you need to acquire? Your life's work right now should be to find the keys to success. It means making that quest your "fun" moments. It means taking just every dime you make and see how you can use it to make a viable business on the side -- if that's what you want.

Then, you must make your own parachute. I call it my strutting money couple with "The Plan". I have my own self-funded insurance policy against disaster. I can't fix every possible mishap, but I can cover most that come along. Many times it doesn't take money -- it takes having a plan and the right contacts. I use the "what if" method a lot in my business planning. If this happens, then I'll do that. That right. I've actually thought about what to do if and when disasters strike. Since I have a pre-thought out plan, I don't make it up as I go along. I'm not caught flat-footed. I implement my plan and life goes on. I have made alliances with others around me. I help them and they help me. I assume that things are going to go wrong and I prepare for those moments. Are you prepared? I don't take unreasonable risks where I probably won't win. I judge the situation by estimating the odds of success. And I'm very conservative in my estimations.
 

afrankmore

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Hey,

I am really wondering, what is so hard about entrepreneurship?

What did you really struggle with?

Was it getting started? Getting financed? Making the product? Selling it? Administrative tasks? Finding people to hire? Marketing? Was it figuring it out?

Was it the whole process? Was it finding an idea? Was it the volume of work? Or its actual complexity? Was it believing you would make it? Was it not giving up?

Please don't say it was everything. There must have been tasks that were harder than others.

I read Bezos and Branson biographies and these guys were working a lot, sure, but it's not like they were crying everyday on their way to the office, which is the feeling I get when people like Peter Thiel say "building a company is like eating broken glass while staring into the abyss".

Is it really everyone's experience?

PS: please don't try to discourage me, call me ignorant, gullible or anything else, or tell me "you'll see" in a condescending manner. I am asking a genuine question. I obviously don't know much, and so it would be great to hear from others that did this before me. Thank you : )
I can't answer your question, the way you may expect. However, currently I am struggling with writing my content. I have put every other idea for my business on hold until I can push through my content. My content is the bread and butter. Without, there is no program for me to develop.
 

mon_fi

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Yes, it's hard. Yes, things happen that aren't fair. No, going to school did not prepare you for living in the real world. Only experiences and hard knocks will do that for you. So, what do you do now????

IF you want to go out and get a job, you can buy some time to get your feet on the ground. If you don't, then you must hit the ground running and build your own income.

The job will give you the false sense that you have a net. You notice that I said "false" sense. They can fire you any day that they get a wild hair. They can also put you in their corporate dungeons far away from the real action. BUT, if you really put your shoulder into it, you can learn a lot that you will need to know later. That entails stepping up to do all the "shit" work that no one else wants to do. It also requires a self-learning program in ALL of your spare time. Book, audios, podcasts, and interviews with everyone around you are the ticket to gaining knowledge that you can really use. Oh, and you must be willing to jump ship to go somewhere else to learn other new skills, no matter the pay cut or lack of benefits.

The other side of the coin is building your own business. That's an act of really flying without a net. Are you willing to giving up everything without knowing where your next meal will come from? Sounds sexy, uh. I know people who have reached for the stars and made it. But, the odds are stacked against you since you are lacking the real-world experience to make it work.

So, wanna hear my suggestion? Take the job and start a "baby" sized business on the side. Take on some side-gigs. Put your toe in the water without jumping in with your whole body. Keep notes. Ask questions. Make friends with people who are doing different gigs. Help them for free to get some hands-on experience. Figure out what works for you and what bombs. What skills do you need to acquire? Your life's work right now should be to find the keys to success. It means making that quest your "fun" moments. It means taking just every dime you make and see how you can use it to make a viable business on the side -- if that's what you want.

Then, you must make your own parachute. I call it my strutting money couple with "The Plan". I have my own self-funded insurance policy against disaster. I can't fix every possible mishap, but I can cover most that come along. Many times it doesn't take money -- it takes having a plan and the right contacts. I use the "what if" method a lot in my business planning. If this happens, then I'll do that. That right. I've actually thought about what to do if and when disasters strike. Since I have a pre-thought out plan, I don't make it up as I go along. I'm not caught flat-footed. I implement my plan and life goes on. I have made alliances with others around me. I help them and they help me. I assume that things are going to go wrong and I prepare for those moments. Are you prepared? I don't take unreasonable risks where I probably won't win. I judge the situation by estimating the odds of success. And I'm very conservative in my estimations.

Oh wow, this is great!

Well, I took the job and now I am building something on the side - several things, even.

At the moment, I am not making any money with my side gigs - I am losing actually - but I am learning so much that I don't mind.

My plan is to be able to make at least 1000 euros with my side gigs by August 2021.

I think it is definitely possible.

Once I make this sum, I can be entirely independent and invest into an actual business.

Step 1: get a job
Step 2: get a specialized skill
Step 3: build a specialized unit

Slowly, but surely...
 

WJK

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Oh wow, this is great!

Well, I took the job and now I am building something on the side - several things, even.

At the moment, I am not making any money with my side gigs - I am losing actually - but I am learning so much that I don't mind.

My plan is to be able to make at least 1000 euros with my side gigs by August 2021.

I think it is definitely possible.

Once I make this sum, I can be entirely independent and invest into an actual business.

Step 1: get a job
Step 2: get a specialized skill
Step 3: build a specialized unit
You're doing great.
I still have side gigs and I've been at this for a long, long time. I call my side gigs my "dribble money". I figured out the other day that we make more in our side gig income than the average worker makes at their real job per year. None of those gigs can take up much time -- or they must be closely related to our main retirement business, residential rentals.
 

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What Is So Hard About Entrepreneurship?​


Because it requires you to put other people's selfishness ahead of your own.

99% of the world is self-centered and focused on what they want -- it makes them blind to what other people want.

It is this reason, and this reason alone why "do what you love!" and "follow your passion" is so popular -- it allows you to backpack your selfish, hard-headed self-centeredness into the marketplace ... as if you could bend the universe and the marketplace to your will.

It also is probably the worst business advice anyone could follow simply because it is idealistic and introspective VS realistic and extrospective.
 

WJK

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Because it requires you to put other people's selfishness ahead of your own.

99% of the world is self-centered and focused on what they want -- it makes them blind to what other people want.

It is this reason, and this reason alone why "do what you love!" and "follow your passion" is so popular -- it allows you to backpack your selfish, hard-headed self-centeredness into the marketplace ... as if you could bend the universe and the marketplace to your will.

It also is probably the worst business advice anyone could follow simply because it is idealistic and introspective VS realistic and extrospective.
I totally agree. If you "do what you love" and/or "follow your passion", you are a fool and bound to fail. News Flash! The market doesn't care what you think or want. You aren't even an after-thought. No one cares about you -- except your mother. Why? Because it is NOT about you. It's all about your customers and what they want.
 

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bracknelson

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Hard Things About Entrepreneurship

Bias toward inaction


It is easy to talk about how you are going to start working harder or begin a new project. The process of actually doing is difficult. People will validate your ideas and dreams all day, but the only way they are really going to happen is if you go out and make a change.

It can be scary and challenging to change your life or try something new, but it is the only way to get into a growth mindset and achieve your goals.

Worrying what everyone thinks

Not everybody is going to like you, or approve of your decisions. Especially not 100 percent of the time. We want to feel loved, and there is a benefit in doing what we can to make those around us happy. It should not be at the level of our own detriment, though.

Life is too short not to be yourself and do what you want to do now. Worrying about what others think does not accomplish anything, and there are so many people out there that will support you and your dreams.
 

WJK

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Do people really support you? I find that most people privately drag me in the corner and tell me that I shouldn't put myself out there -- I might fail. Most people I know don't want to say, "Yes. Do it" -- because if I fail, they don't want to be blamed for supporting me, or even close to a failure. Most are terrified that it rub off on them.

I think of it differently. No, I don't like to fail. I just accept that it's part of the process. I think of Edison finding another way that didn't work when he invented the light bulb.
 

mon_fi

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Do people really support you? I find that most people privately drag me in the corner and tell me that I shouldn't put myself out there -- I might fail. Most people I know don't want to say, "Yes. Do it" -- because if I fail, they don't want to be blamed for supporting me, or even close to a failure. Most are terrified that it rub off on them

I agree but i would add to it.

I think the success of the few shines a light on the failures of others. I think (hope) it is a human thing.

When someone I deem mediocre starts hustling and getting results, I feel threatened because it shows me everything I don't do. I am aware of it, so i don't bring people down but encourage them instead. But deep down...i don't like it. It is a very bad mindset, fortunately, i am aware of it. (I managed to get rid of it by forcing myself to understand we are all unique and take different path, but that doesnt prevent me from learning from others either.)

By the same token, i think most people would drag you down because they don't want you to succeed because if you do, it would mean it is possible. If it possible and they are not succeeding...they are failing. No one wants to regard oneself as a failure. This is why people find excuses when others succeed: "he is lucky" "she is smart" "he knows the right people" "she dated the right person".

Unfortunately, most people do fail.

I think a lot of people act with a mindset of "your success if my failure". I think your true friends are those that stick with you when you struggle the most, just before you succeed, and that keep on encouraging you.

I have grown up in a very "naysayers" environment, where those that attempted to do things were put down.

Those that made efforts were ridiculed. Those that asked questions were punished.
I had to make herculean efforts to get rid of the shame of not knowing, of the shame of trying, of the shame of failing.

It is very sad.
 

WJK

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I agree but i would add to it.

I think the success of the few shines a light on the failures of others. I think (hope) it is a human thing.

When someone I deem mediocre starts hustling and getting results, I feel threatened because it shows me everything I don't do. I am aware of it, so i don't bring people down but encourage them instead. But deep down...i don't like it. It is a very bad mindset, fortunately, i am aware of it. (I managed to get rid of it by forcing myself to understand we are all unique and take different path, but that doesnt prevent me from learning from others either.)

By the same token, i think most people would drag you down because they don't want you to succeed because if you do, it would mean it is possible. If it possible and they are not succeeding...they are failing. No one wants to regard oneself as a failure. This is why people find excuses when others succeed: "he is lucky" "she is smart" "he knows the right people" "she dated the right person".

Unfortunately, most people do fail.

I think a lot of people act with a mindset of "your success if my failure". I think your true friends are those that stick with you when you struggle the most, just before you succeed, and that keep on encouraging you.

I have grown up in a very "naysayers" environment, where those that attempted to do things were put down.

Those that made efforts were ridiculed. Those that asked questions were punished.
I had to make herculean efforts to get rid of the shame of not knowing, of the shame of trying, of the shame of failing.

It is very sad.
I have been drug in the corner and advised to quit (or change), at one time or another, by just about everyone over the years. They've all claimed to be worried about me... I was taking too much risk... I was working too hard... My health was suffering... I was missing out -- I needed to get a life... They missed the stuff that we used to do together... I had become a workaholic... I was failing and I didn't know it... They know a short cut. etc...

What was interesting to me is that they had the time to sit around and watch me, but they are NOT trying it themselves. But, they knew exactly how I should be conducting my business (es). They would surely do it differently if they were in my shoes.

I have learned not to reject these well meaning people out of hand. I interview them and try to find out the "why" and "how". Usually, upon questioning, they talk themselves into a box and that is the end of the conversation. Then there are times that they have a good point to add to the mix. It's worth asking the questions.
 

Envious

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I find I'm fairly risk-averse. I also find that I don't have very strong opinions about anything. I think this leads me to spinning my wheels because no matter what I do, I always consider that there is another option. I jump from thing to thing and give up when I either run into an obstacle or I get to the point where I have to take the next big step that commits me to the process.

Who do I care about? Do you mean in a family sort of way? Well, I'm married with two little kids. I care about providing for them and showing them an amazing way of life so they never have to worry about the future. I want to be the kind of person who is full of energy, can wake up ready to take on the day. Someone who can get up and get to work with a definiteness of purpose - whatever that may be.

I've fallen into a comfort zone where I'm just flowing through the day with whatever comes my way. I severely lack energy and I'm not super motivated to do anything. I stopped drinking/eating any caffeine nearly 3 weeks ago so that probably has something to do with it. I also got sick last week and have been dealing with that.

So yeah, I'm just in a rut. I make entrepreneurship harder than it has to be because I always look for the path of least resistance. How can I stop spinning my wheels without really having to do hard things? How can I succeed without having to put myself out there? That is part of my problem.
Man, I could have actually wrote this it's so similar to my situation. Some days I loose hope, because I feel like i'm never going to find 'that thing' that gives me the energy or the drive to power through the obstacles.

I come up with a lot of ideas, but I'm too afraid that they won't work so instead I do nothing. or at-least do the things I find comfortable and barley try.

I've never really had a job that I've liked all that much, my fear is spending all of my savings that I've built up on an idea and then ending up right back on the sidewalk in some bullshit job or creating a business that I hate for myself and being trapped in it.

The fear of not being able to provide for my family because I can't sort my shit out is crippling sometimes.
 

mon_fi

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Man, I could have actually wrote this it's so similar to my situation. Some days I loose hope, because I feel like i'm never going to find 'that thing' that gives me the energy or the drive to power through the obstacles.

I come up with a lot of ideas, but I'm too afraid that they won't work so instead I do nothing. or at-least do the things I find comfortable and barley try.

I've never really had a job that I've liked all that much, my fear is spending all of my savings that I've built up on an idea and then ending up right back on the sidewalk in some bullshit job or creating a business that I hate for myself and being trapped in it.

The fear of not being able to provide for my family because I can't sort my shit out is crippling sometimes.


I have two comments about losing your savings:

1. Investing into a company, even if you lose everything, is not a spending. It is an investment because it will teach you something either way.
2. You are victim of the endowment effect.

I used to be scared of starting a business. I kept on thinking "what if I fail??? What a waste of time will it be!'. Then I realized that I could write a book about the lessons I would learn if it fails.

If this book fails, then I ll walk from Belgium to China, and write a book about that.

This is simple, if you are afraid of flying without safety nets, build yourself plan a, b, c, d, e, f...

I have plans from A to Z, so I never run out of options if everything fails. All of them are fastlane.

That makes me feel much "safer".

So what I am doing at the moment, is building the skills that I will use forever to achieve these fastlane plans. Ex: marketing, sales, SEO, basic tech, accounting, problem-solving, thinking about what others want, not about what i want, etc...

Skills build on each other over time. Whatever you do, whatever you try, it will teach you something.

I lost 30% of my net worth trading options (lol....). Well, it hurt. But it taught me a valuable lesson. I prefer losing 30% when my net worth is below 10 000 dollars, than when it is above 5 million...so, I see this money lost as an investment. A very expensive and valuable one.

Watch this, it could help you:
View: https://www.youtube.com/watch?v=2paoNvG5Nmo&t=64s
 
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WJK

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There’s no to-do list. There’s no one to give you a roadmap. You must possess the inherent ability to create.

I can’t say what the hardest part is. It’s all just a very long game and it’s all on your shoulders. I love it.
I make my to-do list and it's always packed with stuff. Yes, it's a very "long game" that has gone on and on...
 

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