The journey of becoming an entrepreneur is not for the faint of heart. It's a journey of ambition, desire, and passion that will force you to question your purpose, your will, and it will push the limits of your sanity. My journey is not over yet, however I am 7 years in... and I started off with a nice 6 figure job, plenty of money in the bank, 3 houses, a couple of cars, a motorcycle and a great social life and lots of friends. Regardless of how smart I thought I was, and my grossly miscalculated unrealistic timeframes, nothing turned out how I thought it would. The houses gone, the cars gone, the bank account is gone, and for a while a couple years back... my electricity was gone too. And, I thrived in it. I would wake up at the crack of dawn every morning and go to a coffee shop until they kicked me out, I would buy a few bulk candles and go home and work until my laptop battery died. Then I would get up, rinse and repeat. Don't get me wrong, there were successes along the way too. However, dealing with your successes isn't the hard part.
If you plan on taking the plunge to be an entrepreneur. Don't start with the expectation of "funding" or taking investment. Start with having enough persistence and tenacity. notice I didn't say intelligence. This is not a game of wit, it's a game of being driven, and crazy enough to keep going when everyone else says stop. It'll make you question your sanity, and if your like many entrepreneurs, you'll need to fight fear, doubt, and depression along the way. It's not all doom and gloom, but there are same ground rules I highly suggest... I've had to many people I know lose everything they have to gain nothing, and some even felt the need to take their own lives. My heart still sinks and my tear wells still fill up, anytime I think about my friends who are no longer here. I've lost to many people who have tried taking this journey. Ok, so let's get to a few ground rules.
1. It's ok to fail. Your supposed to fail. Do it fast... learn from it, don't dwell on it. Dust yourself off and do it again. You only need one success to out weigh all of your failures.
2. It's going to be harder than you think, and take longer than you hoped for... don't give up.
3. Don't take advice from the last person that gave it to you. Along your journey you will find any people who are willing to help. Pay attention to what they're specialty is. They will give you advice on everything, however take everything with a grain of salt... take technology advice from technologists, take story advice from marketers... and know that the marketers will give you technology advice and the technologists will give you marketing advice. Listen politely, but weigh it accordingly.
4. Some people are time wasters, and/or assholes. Cut the strings as quickly as possible. I don't understand the psychology... however there are some people out there that get off wasting your time, and money, and lie for some ungodly reason. If they're promising you something, get to it as quickly as possible.
5. Believe in yourself, even when no one else does. People will tell you your wrong, your crazy, and your idea will never work. If those people are sitting in a cubical, or behind a desk, and they work for someone for a living. They're probably not a visionary, and they'll give you the dos and don'ts they were taught. I had an opportunity to hear Mark Cuban speak yesterday. He tells a story of how everyone told him he was wrong and it would never work... only a couple years before he cashed out for billions.
6. Cash is king. This has been my hardest lesson learned. Get to revenue as quickly as possible. If your not solving a real problem, people won't pay you. If you are solving a problem, they will. It's that simple. I found myself multiple times on my journey being a technology in search of a problem. 7 years later and I'm not a billionaire yet... I hope I'm getting close. Figure out who is going to pay you and why.
7. Have fun. Make friends. This is so important. I lost a majority of my "normal" friends. People I work wth are friends as long as I pay them. However, there are angels I've met along they way. Not angels like "tenure angels" but angles like people who are there for me when I need them most, and make sure you're there in the same capacity. This journey is lonely... and I've met some of the most amazing friends, mentors, and good hearted people on this journey Barbary, Johnny, Dean, Ryan, Brian, and a hand full of others. Be a good friend, give first, and don't expect anything in return.
You don't get what you don't ask for. Ask! What's it going to hurt. If the word No hurts you... get over it, or don't take this journey. If you want something ask for it. Even if it seems like an impossibility. On occasion, you'll be surprised.
And after this long winded morning rant... and in the name of entrepreneurship... remember your ABCs (Always Be C/Selling). Here's my elevator pitch: DailyMynd.com is technology to help people become smarter and make more friends. We are soon to release smart, animated digital agents to help you find and share content you like love or need to know first. In the next 60 days, we are releasing our agents into the world, and we're exhibiting at Web Summit in November. Wish us luck. Please private message me if I can be of assistance, or if you have ideas you think might help me on this journey. Good luck!
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