- Create a prototype/MVP. The rest can follow later.
- You do not want investors for their money. Their guidance and knowledge are desirable.
- You need 99% less money to actualize what you are imagining.
- You were once nothing, you will be nothing again. Get rid of your ego.
- The end-goal is happiness.
- If you don’t create something you like and want yourself, what are you doing with your life?
- If you are watching the clock when you are working because you are waiting for it to be ‘over’ you are doing something wrong. Very very wrong.
- Integrity above all else.
- Never get too comfortable.
- Don’t chase money, but go get that money.
- As you can see above, you have to follow and balance both truths when something is contradictory.
- You will die. What are you waiting for?
- If you don’t know what you want you to have simply not tried enough things.
- Nobody can argue with the results, but everybody can misinterpret anything.
- Be sustainable.
- You are a student for life.
- Do your homework, but also improvise.
- Be prepared, but spontaneous.
- You can always improve something. Don’t spend too much time improving something.
- Most things can be done far quicker than you would imagine.
- 80/20 rule (90/10 at times even 99/1)
- Excuses, excuses everywhere. You know the truth deep inside. Follow suit.
- Messing up is a good thing.
- 10x your efforts — but don’t do unnecessary things.
- Experiment, trial, and error.
- Self-improvement. The only things you truly own are your mind and body.
- Invest in things that can potentially earn you money.
- The only physical possessions you actually need are most likely a wallet, laptop, phone, legal documents such as a passport and a few sets of clothes.
- You can’t teach an old dog new tricks. You are not a dog.
- Murphy’s law is always true, but the cake is a lie.
- Corporate infrastructure is a joke. Stay lean.
- Focus on too much small stuff and the major things won’t ever be finished.
- In a world romanticizing soft-skills, hard skills are underestimated.
- You are not the boss. You are an idea genesis.
- You work for your employees.
- 1 > 0. Small process is still process.
- Higher education has nothing to do with a degree.
- Just because the majority believes otherwise doesn’t mean they are true, nor does it mean they are wrong.
- Your brand/ your name can’t ever be taken away from you. (But destroyed in 5 minutes after decades of building)
- It’s not the amount you invest, it’s what you are getting for it.
- Virtually everything is a copy of something.
- Execution is king.
- Deliver value to the marketplace.
- Editing, repackaging, re-doing can add a lot of value when done right.
- Be omnipresent.
- Stop reinventing the wheel. Unless you are literally inventing something that does not exist yet, don’t build it from scratch just because.
- Mozart, Da Vinci, Jay Z — no college.
- A third of billionaires don’t have degrees.
- If everyone can vote regardless of their qualifications to do so, it’s not a democracy. Both in politics and corporate culture.
- Seek mentors and mentees alike.
- You can do virtually anything anywhere — but this does not mean you shouldn’t constantly seek the best environment and conditions. Adapt.
- Licensing is a tool to obtain and enforce a monopoly.
- “Do you want to be cogs in a wheel driven by a pinion which revolves in obedience to a force outside itself?” a quote from Charles W. Eliot, president of Harvard 1869–1909. Let that sink in.
- It’s not about becoming better than anyone else, but being better than yourself while being the best.
- It’s not about finding out what to improve at, but eliminating what not to improve at.
- Opportunity is a bus. There is always the next one. Focus on jumping at all not on when to jump.
- Never underestimate emotional attachement.
- Learn about the future from the past. The future is built on the patterns of the past.
- Get coverage. All the coverage.
- A high-quality network consists of a few contacts you have in your mind.
- Most successful brands life off of their popularity height and fade slowly.
- Google “Top 10 Entrepreneurship ideas” and you lose both your motivation and inspiration entirely.
- When you see the sun come up, you’ve earned your coffee break.
- Multitasking instead of focusing on one thing as taking a break. (A more meaningful one, can distract you, can give you energy and focus, depends on you)
- Switching in between tasks can both destroy and provide momentum.
- Keep focus if you would otherwise lose your trail of thought, but stay scatter brained where you would turn sleepy or slow.
- It’s never too late or too early. You will always be a fool.
- Know the legal and tax implications of operating as a sole proprietor, partnership, or corporation
- Know which permits you may need
- Research the market, its trends, and who your competitors may be/are
- Manage your cash flow.
- Your friends and family say they will pay for your product or service. But only after they have actually done it will you know their true opinion.
- You will never be ready for the entrepreneur’s life and the sacrifices that come with it. Deal with it.
- Have a different notebook for every topic.
- Keep track of your money and core goals.
- As you study you come across knowledge ‘gems’. Keep track of those (list?) and revisit/relearn them.
- Stay up to date on industry, startup & community news. A newsletter is in most cases not the right way to do that.
- Recreate/redo and refer to the things you made in the past.
- There is no logical reason you can’t turn into an immortal demigod.
- You may be original, but you must prioritize to be effective.
- Don’t bloat your products, services or articles unnecessarily. Adjust and change when it makes sense.
95. Be good or despair.