Founders need a clear sense of what they're giving up, and what the potential payoff is.
Example:
I'm investing $5k,
and 800 hours of my time,
building this software.
My goal is to reach $10k in MRR
by August 2, 2021.
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Sofware devs: Apple, Google, Amazon, and other Big Tech Cos™ are now offering Sr. Software Developers salaries of $350k - $550k USD. If you don't 200% love the idea of running your own company, optimizing your resume is probably a way better bet than becoming a founder.
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A common self-delusion is: "My lifestyle is way better, so who cares about my bank balance?" Money provides security. Money provides margin. You want both: money + lifestyle. (Don't sacrifice either for the other!)
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Often, being an entrepreneur means foregoing consistent promotions and opportunities in your industry. Starting a business means you're no longer climbing the corporate ladder. In many cases, those become lost years. You can't get those lost opportunities back.
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Leaving a career path (and starting a business) carries this ironic risk:
If your company succeeds, your value as a potential employee goes way up!
If your company fails, and you spent years not climbing the corporate ladder, your value as an employee goes down.Pokaż ten wątek -
Don't undervalue the investment of your life in an idea that (might) not pan out. The longer it takes you to get to "default alive," the riskier your bet becomes. Smart founders get out while the getting's good (so they can try something else).https://twitter.com/destraynor/status/1029688002442874883 …
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It's not only about financial return, it's about the journey. Or at least that's what I tell myself.
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
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Wydaje się, że ładowanie zajmuje dużo czasu.
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Every idea we commit to has huge opportunity costs.