Lucky or Smart Review
My most recent book read ... Lucky or Smart - Secrets to an Entrepeneural Life by Bo Peabody. A short but good read. Sometimes short and sweet is a good thing and true in this case. Here are some points of interest.
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Lucky things happen to entrpeneurs who start fundamentally innovative, morally compelling, and philosophically positive companies.
The best way to ensure that lucky things happen is to ensure that a lot of things happen. It's really that simple.
A company's mission, communicated by the entrpeneur with charisma and passion, is what creates the environment that attracts smart people and gets them inspired in the first place. Which is exactly what gets the luck rolling.
One does not decide to be an entrepeneur. One is an entrepeneur.
Entrepeneurs are B-Students. There is no one thing they do well. But there are many things they do well enought.
Managers are A-Students. They know alot about one thing. And this one thing they do extremely well. If they begin to fail it bothers them until they get it right.
In the end, the job of entrepeneurs is to attract, organize, and motiveate A-student managers.
A good decision made quickly is far better than a great decision made slowly.
Success in a start-up is being around tomorrow, a lot of days in a row.
Learn to love the word NO. Entrepeneurs hear this more than anyone else and for good reason. They are pursuing fundamentally innovative projects, and the vast majority of typical business people are lemmings.
Prepare to be powerless ... people are busy and will get back with you when they have time or feel like it, but be ready when it does happen.
In every meeting, in every situation, you must always, always, always be gracious.
Don't believe your own press.
Always be selling your stock.
It's ok to not have an answer as long as you don't make one up and get agree to find the answer, if there is one. Face it, sometimes you just don't know.
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Good stuff. Pick up a copy yourself and read it in a couple evenings. Until next time...
*******************************
Lucky things happen to entrpeneurs who start fundamentally innovative, morally compelling, and philosophically positive companies.
The best way to ensure that lucky things happen is to ensure that a lot of things happen. It's really that simple.
A company's mission, communicated by the entrpeneur with charisma and passion, is what creates the environment that attracts smart people and gets them inspired in the first place. Which is exactly what gets the luck rolling.One does not decide to be an entrepeneur. One is an entrepeneur.
Entrepeneurs are B-Students. There is no one thing they do well. But there are many things they do well enought.
Managers are A-Students. They know alot about one thing. And this one thing they do extremely well. If they begin to fail it bothers them until they get it right.
In the end, the job of entrepeneurs is to attract, organize, and motiveate A-student managers.
A good decision made quickly is far better than a great decision made slowly.
Success in a start-up is being around tomorrow, a lot of days in a row.
Learn to love the word NO. Entrepeneurs hear this more than anyone else and for good reason. They are pursuing fundamentally innovative projects, and the vast majority of typical business people are lemmings.
Prepare to be powerless ... people are busy and will get back with you when they have time or feel like it, but be ready when it does happen.
In every meeting, in every situation, you must always, always, always be gracious.
Don't believe your own press.
Always be selling your stock.
It's ok to not have an answer as long as you don't make one up and get agree to find the answer, if there is one. Face it, sometimes you just don't know.
***************************
Good stuff. Pick up a copy yourself and read it in a couple evenings. Until next time...

