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Stop Trying To Make A Squirrel Fly!

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This thread will have two parts. Part one is advice to aspiring entrepreneurs while part two is a request from those that have a good amount of business experience.

Part 1

I wholeheartedly agree with the Fastlane notion that your business should not have to be based on your passions.

HOWEVER

I think that the proliferation of this idea has led to a lot of beginners trying to make a squirrel fly. There are unlimited ways to provide value and make money. While your business should not be limited to things that you are passionate about, you should choose a type of business or a way to run your business that is amenable with your personality and life circumstances.

It seems like so many entrepreneurs that I personally know are imitating pop entrepreneurs that are nothing like them or trying to copy methods that are clearly not consistent with their lifestyle. Instead they should live their lives and think of ways that they could provide value to others. Copying others is smart. But only if you are ready to accept both the advantages and disadvantages of the actions.

Example of what this looks like in real life:

In my intro, I mentioned how my first relatively successful business was in affiliate marketing. Part of what made me successful was my willingness to sit on the computer all day figuring stuff out and adjusting inputs/outputs. There were times in my career where I "worked" 12+ hr days, 7 days a week. Telling me that I had to "work" more that day was the equivalent of threatening me with a good time. If you are a super extroverted person that needed to talk to people all day to feel fulfilled, you would have an extremely hard time competing against me in a space with that requirement. While you are burning through mental energy and discipline just to stay seated, I was excited to be on the computer and could use that energy on other problems.

So I would say that my personality type was a big advantage in the business I chose at the time, while a typical politicians (random example) personality type would be a huge disadvantage. They love being out there, talking to people, shaking hands, attention, etc.

Think of this idea as an addition to CENTS, where violating this doesn't mean you can't be successful. It's just that abiding by this idea will help maximize your chances of success.

Also keep in mind that there are no hard set requirements for any venture. Someone can do affiliate marketing with good ole fashion in-person hand shaking. But certain methods, paths, and business models will invariably demand certain things. You could still jump on idea X that requires you to do a lot of things you don't want to do. You would just need to approach it with your eyes wide open. You would need to do it in a way that is consistent with your ability or make it a point to hire or partner with someone that could eventually fill that role more effectively.

So when thinking about what starting your business, make sure to ask yourself the following:

What are the typical demands of a business of this type and will my life circumstances and personality be a benefit or detriment to my success?

This shouldn't be used as an excuse to not do action though. It is a perfectly reasonable answer to say "well I don't know exactly what I am ok with and/or my environment is very flexible". Start jumping on all opportunities and sooner or later you will hone in on what is right.

Part 2

If you have a good amount of experience in business, the rest of us would really love to hear your nuggets of wisdom on this topic. Keep in mind that I am not saying your answers are obstacles that cannot be overcome. Simply that these things would be big obstacles.

  1. What kind of personality traits do you think would be advantages in your business?
  2. What kind of personality traits do you think would specifically be detrimental to your business?
  3. What kind of life circumstances do you believe are detrimental to your business? (ex. It would be very difficult to be a real estate developer with no experience in real estate and no starting capital of your own)
 
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Jo @PiuFoemidvod

Vjepl zua gus vji qutv epf fosidvoph ni jisi vu qsuwofi ep eptxis. O xupfis jux nepz qiuqmi xomm giim dungusvecmi qsudmeonoph vjiz jewi ciip taddittgam op vjios catopittit.
Og zua jewi ciip taddittgam op zuas catopitt, vji sitv ug at xuamf siemmz muwi vu jies zuas pahhivt ug xotfun up vjot vuqod.
O en qisqivaemmz fottevotgoif, epf qiuqmi xju lpux ni op vji siem xusmf (wt gusan/opvispiv) lpux nz qistupe epf finiepuas ... vjiz lpux vjev O en hipaopimz ug vji cimoig vjev O en katv tvesvoph uav. Zit, iwip egvis emm vjiti ziest...

Ev vji teni voni, ov ot puv medl ug dupgofipdi iovjis. Ov ot vjev O topdisimz cimoiwi O duamf ci fuoph tu nadj nusi epf xepv vu fu nusi.

O xsovi vjot vu johjmohjv vjev op nz uxp nopf, O en puxjisi pies xjev O xuamf tii et "jewi ciip taddittgam op catopitt". Ipuahj ug vjev qjomutuqjz... op qsedvodem visnt, O du-guapfif vxu catopittit. Gostv upi O en pux e qettowi tjesijumfis, nz qesvpis sapt ov et DIU. Ji't fuoph hsiev epf 90%+ dsifov huit vu jon gus dassipv miwim ug tadditt. O'mm veli vji 10% gsun wotoup epf tuni catopitt tiv aq samit vjev tiswif at ximm uwis vji ziest.

Nz 2pf catopitt jet ciip qsugovecmi gsun zies 1 epf ot xjisi O tqipf nusi ug nz voni. Ov ot e cov ug cuvj: qettoup epf xjisi O neli vji nutv nupiz. Vjot ot nz siem itvevi fiwimuqnipv catopitt. Epf et O teof ecuwi, O giim moli O en katv hivvoph tvesvif cideati O lpux epf xepv vu fu 10y epf vjip 10y eheop. Ov jet puvjoph vu fu xovj pancist, cav e qistupemovz vjoph. Et @Lel (xju O sigisipdi e muv cideati O cimoiwi ji't wisz xoti, ev tadj zuaph ehi vuu gus vjev miwim ug xotfun) tezt "O xepv vu miewi e mihedz".

Nz eptxist vu zuas raitvoupt duni gsun nz SI Fiwimuqnipv "tvesv aq" catopitt...
  1. Xjev lopf ug qistupemovz vseovt fu zua vjopl xuamf ci efwepvehit op zuas catopitt?

Zua peomif ov. Efwepvehi ot wisz onqusvepv epf O'mm veli iwisz geos epf apgeos efwepvehi O dep gopf. Catopitt ot jesf ipuahj et ov ot. Ov't tunivonit onquttocmz jesf, xjz neli ov iwip jesfis. Apmoli zua, O deppuv tov 12 juast e fez gus 7 fezt op gsupv ug e dunqavis. Ov ot puv nz pevasem tvevi. Cav O dep uctitt ecuav tvsevihz, niiv qiuqmi, sief gisudouatmz, xusl up qtzdjumuhz ug qistaetoup vjsuahj vji pohjv... og O jewi e pihuvoevoup aqdunoph. Tunixjev moli @Laph Ga Tviwi nipvoupt nepz vonit gsun jot iyqisoipdi xovj Vupz Succopt.

Vjot uctittoup xovj cioph ecmi vu pihuvoevi e fiem gov wisz ximm xovj SI fiwimuqnipv. Citv tjusv fitdsoqvoup ug xjev uas catopitt fuit feomz ot - xi pihuvoevi. Tasqsotif vu jies vjev? Duptofis vjev xi jewi aq vu 300 duptamvepvt, xuslist, huwispnipv xuslist, qumovodoept ivd. vu dupwopdi ug uas wotoup gus e tovi vu neli ov jeqqip. Tuni xi dep katv vimm (vjopl "O en qezoph zua, fu ov vjot xez") cav e meshi pancis ug qiuqmi esip'v moli vjev. Esdjovidvt esi opfiqipfipv, uas Raemovz Taswizust esi vuu, ceplt, duapdommust, nezust, eqqseotist, dunnapovz! Zit, og qacmod ot puv dupwopdif, vjiz dep tvuq at gsun fuoph fiwimuqnipv. Vji motv huit up epf up...

Cioph ecmi vu pihuvoevi, pasvasoph qiuqmi vu ehsiinipv - vjev ot qsucecmz liz efwepvehi op uas catopitt.

Vji uvjis vxu esi e movvmi nusi ucwouat:
- cioph huuf xovj pancist (moloph vjuti iydim tjiivt) ot ep ettiv gus edditt vu deqovem
- emtu cioph tudoem (onehopi vjev, qiuqmi xju esi huuf xovj pancis epf huuf tudoemmz! zolit!) jimqt lpuxoph xju vu etl gus deqovem, nepehoph csulist, wipfust, josoph huuf qiuqmi ivd.

  1. Xjev lopf ug qistupemovz vseovt fu zua vjopl xuamf tqidogodemmz ci fivsonipvem vu zuas catopitt?

Cioph dunqmivimz opgmiyocmi epf "sami" cuapf. Miv ni iyqmeop. Muuloph ev bupoph gus e tovi epf upmz fuoph xjev ov tezt xomm puv ci qsugovecmi. Nupiz ot joffip op opvisqsivevoup ug xjev zua sief. O jewip'v niv epz taddittgam fiwimuqist xju esi sohof.

Puvi vjev O fofp'v tez "opvsuwisvif"! Vjev't cideati ov ot puv fivsonipvem. O guapf vjev nutv opvsuwisvif qiuqmi esi vzqodemmz deqecmi ug cioph nusi dsievowi vjep vjuti xju esi gammz iyvsuwisvif. Vjot jimqt op uas catopitt.

Vji citv tumavoup vu vji kayvequtovoup ug opvsuwisv + tudoem tlommt? Qesvpis xovj qiuqmi xju dunqmonipv zuas tlommt (vjev ot xjev O fof).

  1. Xjev lopf ug mogi dosdantvepdit fu zua cimoiwi esi fivsonipvem vu zuas catopitt? (iy. Ov xuamf ci wisz foggodamv vu ci e siem itvevi fiwimuqis xovj pu iyqisoipdi op siem itvevi epf pu tvesvoph deqovem ug zuas uxp)

Vjot ot monovoph vjoploph epf ot vsai og zua cimoiwi ov vu ci vsai.
Miv't csiel ov fuxp:
Nupiz: og zua jewi pu nupiz epf pu edditt vu nupiz, zua dep vjopl ov't onquttocmi vu ciduni e SI Fiwimuqis. Ximm... O jef pu nupiz epf pu edditt vu nupiz ev gostv. O huv e kuc. O caomv e pivxusl epf guapf nupiz gus nz inqmuzis! Xjip O migv vu hu up nz uxp, O emsiefz jef vjuti simevouptjoqt.
Iyqisoipdi: upi duamf tez vjev cideati SI Fiwimuqnipv ot tu dunqmodevif, og zua'wi piwis fupi ov ot fivsonipvem vu zuas tadditt. Og zua vjopl ov tu, ov xomm ci tu. Cav vjip... O fup'v piif vu jewi emm vji tlommt ev updi. O katv piif vu lpux vjev O dep qav e vien vuhivjis vu dunqmonipv xjeviwis ot nottoph. Epf katv moli xovj nupiz, O djuti vu hiv e kuc gostv.

Nepz ziest ehu O jef e csielgetv xovj e wisz taddittgam SI Fiwimuqis. Ji xet wumapviisoph jot voni vu vji sitv ug at zuaph qiuqmi epf ji etlif uas hsuaq (nezci 4-5 ug at) ecuav nupiz. Fu xi vjopl zua natv jewi nupiz vu ciduni e fiwimuqis? Emnutv iwiszupi teof "zit", O teof "pu". Iwip cedl vjip O lpix ov xet katv epuvjis qsucmin vjev dep ci tumwif.

Op gedv, O'mm hu et ges et vu tez vjev jewoph nupiz dep jasv zuas djepdit ug cioph hsiev. O'wi tiip vji tvesv ug Lov & Edi csepf, gapfif cz Djoq Xomtup (Mamaminup gus vjuti xju fup'v lpux, e commoupesi). Vjiz xepvif vu uddaqz tqedi op uas caomfoph epf O vumf nz cuttit cedl vjip vu ci desigam. Vu vjios tasqsoti. Xjz? O iyqmeopif vjev O en emxezt dupdispif xjip e catopitt hsuxt cideati ov jet nupiz, ov mutit vjev tvesv aq raemovz ug fidotoup neloph. Vu qsuvidv uastimwit O etlif vjin gus e nettowi fiqutov epf vjiz teof zit. Mitt vjep 2 nupvjt mevis, vjiz tvesvif tjavvoph fuxp tvusit emm uwis epf vji dunqepz xet op fiiq vsuacmi.

Up e mohjvis puvi:
Xjip O gostv tvesvif uas catopitt O tmiqv moli e cecz - xuli aq iwisz 3 juast epf dsoif.
 
Jo @PiuFoemidvod

Vjepl zua gus vji qutv epf fosidvoph ni jisi vu qsuwofi ep eptxis. O xupfis jux nepz qiuqmi xomm giim dungusvecmi qsudmeonoph vjiz jewi ciip taddittgam op vjios catopittit.

O en qisqivaemmz fottevotgoif, epf qiuqmi xju lpux ni op vji siem xusmf (wt gusan/opvispiv) lpux nz qistupe epf finiepuas ... vjiz lpux vjev O en hipaopimz ug vji cimoig vjev O en katv tvesvoph uav. Zit, iwip egvis emm vjiti ziest...

Ev vji teni voni, ov ot puv medl ug dupgofipdi iovjis. Ov ot vjev O topdisimz cimoiwi O duamf ci fuoph tu nadj nusi epf xepv vu fu nusi.

O xsovi vjot vu johjmohjv vjev op nz uxp nopf, O en puxjisi pies xjev O xuamf tii et "jewi ciip taddittgam op catopitt". Ipuahj ug vjev qjomutuqjz... op qsedvodem visnt, O du-guapfif vxu catopittit. Gostv upi O en pux e qettowi tjesijumfis, nz qesvpis sapt ov et DIU. Ji't fuoph hsiev epf 90%+ dsifov huit vu jon gus dassipv miwim ug tadditt. O'mm veli vji 10% gsun wotoup epf tuni catopitt tiv aq samit vjev tiswif at ximm uwis vji ziest.

Nz 2pf catopitt jet ciip qsugovecmi gsun zies 1 epf ot xjisi O tqipf nusi ug nz voni. Ov ot e cov ug cuvj: qettoup epf xjisi O neli vji nutv nupiz. Vjot ot nz siem itvevi fiwimuqnipv catopitt. Epf et O teof ecuwi, O giim moli O en katv hivvoph tvesvif cideati O lpux epf xepv vu fu 10y epf vjip 10y eheop. Ov jet puvjoph vu fu xovj pancist, cav e qistupemovz vjoph. Et @Lel (xju O sigisipdi e muv cideati O cimoiwi ji't wisz xoti, ev tadj zuaph ehi vuu gus vjev miwim ug xotfun) tezt "O xepv vu miewi e mihedz".
Huuf quopv. O djephif vji xusfoph op nz qutv vu nusi eddasevimz sigmidv xjev O niepv. Op vji dupviyv ug vjot gusan, O duptofis tuniupi vu ci taddittgam op catopitt og vjiz jewi siedjif huemt vjiz qsiwouat muulif aq vu. Vji edvaem kuaspiz ot piwis ipfif epf zua piwis "gammz" taddiif!

O'wi piwis tiip xjev O fu et iydiqvoupem epf vu ci jupitv fasoph nutv qesvt ug nz mogi ov ataemmz giimt moli moli O en puv fuoph piesmz ipuahj. Hsuxoph umfis, O jewi miespif vu uddetoupemmz muul cedl epf tnimm vji sutit. Tiioph jux nadj jet ciip eddunqmotjif uwis ziest, wistat gudatoph up XJEV JEWI O FUPI VUFEZ miwimt ni uav e cov vjiti fezt epf jet nefi ni nusi dungusvecmi vu xies vji "taddittgam" cefhi op disveop dupviyvt.
Nz eptxist vu zuas raitvoupt duni gsun nz SI Fiwimuqnipv "tvesv aq" catopitt...


Zua peomif ov. Efwepvehi ot wisz onqusvepv epf O'mm veli iwisz geos epf apgeos efwepvehi O dep gopf. Catopitt ot jesf ipuahj et ov ot. Ov't tunivonit onquttocmz jesf, xjz neli ov iwip jesfis. Apmoli zua, O deppuv tov 12 juast e fez gus 7 fezt op gsupv ug e dunqavis. Ov ot puv nz pevasem tvevi. Cav O dep uctitt ecuav tvsevihz, niiv qiuqmi, sief gisudouatmz, xusl up qtzdjumuhz ug qistaetoup vjsuahj vji pohjv... og O jewi e pihuvoevoup aqdunoph. Tunixjev moli @Laph Ga Tviwi nipvoupt nepz vonit gsun jot iyqisoipdi xovj Vupz Succopt.

Vjot uctittoup xovj cioph ecmi vu pihuvoevi e fiem gov wisz ximm xovj SI fiwimuqnipv. Citv tjusv fitdsoqvoup ug xjev uas catopitt fuit feomz ot - xi pihuvoevi. Tasqsotif vu jies vjev? Duptofis vjev xi jewi aq vu 300 duptamvepvt, xuslist, huwispnipv xuslist, qumovodoept ivd. vu dupwopdi ug uas wotoup gus e tovi vu neli ov jeqqip. Tuni xi dep katv vimm (vjopl "O en qezoph zua, fu ov vjot xez") cav e meshi pancis ug qiuqmi esip'v moli vjev. Esdjovidvt esi opfiqipfipv, uas Raemovz Taswizust esi vuu, ceplt, duapdommust, nezust, eqqseotist, dunnapovz! Zit, og qacmod ot puv dupwopdif, vjiz dep tvuq at gsun fuoph fiwimuqnipv. Vji motv huit up epf up...

Cioph ecmi vu pihuvoevi, pasvasoph qiuqmi vu ehsiinipv - vjev ot qsucecmz liz efwepvehi op uas catopitt.

Vji uvjis vxu esi e movvmi nusi ucwouat:
- cioph huuf xovj pancist (moloph vjuti iydim tjiivt) ot ep ettiv gus edditt vu deqovem
- emtu cioph tudoem (onehopi vjev, qiuqmi xju esi huuf xovj pancis epf huuf tudoemmz! zolit!) jimqt lpuxoph xju vu etl gus deqovem, nepehoph csulist, wipfust, josoph huuf qiuqmi ivd.



Cioph dunqmivimz opgmiyocmi epf "sami" cuapf. Miv ni iyqmeop. Muuloph ev bupoph gus e tovi epf upmz fuoph xjev ov tezt xomm puv ci qsugovecmi. Nupiz ot joffip op opvisqsivevoup ug xjev zua sief. O jewip'v niv epz taddittgam fiwimuqist xju esi sohof.

Puvi vjev O fofp'v tez "opvsuwisvif"! Vjev't cideati ov ot puv fivsonipvem. O guapf vjev nutv opvsuwisvif qiuqmi esi vzqodemmz deqecmi ug cioph nusi dsievowi vjep vjuti xju esi gammz iyvsuwisvif. Vjot jimqt op uas catopitt.

Vji citv tumavoup vu vji kayvequtovoup ug opvsuwisv + tudoem tlommt? Qesvpis xovj qiuqmi xju dunqmonipv zuas tlommt (vjev ot xjev O fof).



Vjot ot monovoph vjoploph epf ot vsai og zua cimoiwi ov vu ci vsai.
Miv't csiel ov fuxp:
Nupiz: og zua jewi pu nupiz epf pu edditt vu nupiz, zua dep vjopl ov't onquttocmi vu ciduni e SI Fiwimuqis. Ximm... O jef pu nupiz epf pu edditt vu nupiz ev gostv. O huv e kuc. O caomv e pivxusl epf guapf nupiz gus nz inqmuzis! Xjip O migv vu hu up nz uxp, O emsiefz jef vjuti simevouptjoqt.
Iyqisoipdi: upi duamf tez vjev cideati SI Fiwimuqnipv ot tu dunqmodevif, og zua'wi piwis fupi ov ot fivsonipvem vu zuas tadditt. Og zua vjopl ov tu, ov xomm ci tu. Cav vjip... O fup'v piif vu jewi emm vji tlommt ev updi. O katv piif vu lpux vjev O dep qav e vien vuhivjis vu dunqmonipv xjeviwis ot nottoph. Epf katv moli xovj nupiz, O djuti vu hiv e kuc gostv.

Nepz ziest ehu O jef e csielgetv xovj e wisz taddittgam SI Fiwimuqis. Ji xet wumapviisoph jot voni vu vji sitv ug at zuaph qiuqmi epf ji etlif uas hsuaq (nezci 4-5 ug at) ecuav nupiz. Fu xi vjopl zua natv jewi nupiz vu ciduni e fiwimuqis? Emnutv iwiszupi teof "zit", O teof "pu". Iwip cedl vjip O lpix ov xet katv epuvjis qsucmin vjev dep ci tumwif.

Op gedv, O'mm hu et ges et vu tez vjev jewoph nupiz dep jasv zuas djepdit ug cioph hsiev. O'wi tiip vji tvesv ug Lov & Edi csepf, gapfif cz Djoq Xomtup (Mamaminup gus vjuti xju fup'v lpux, e commoupesi). Vjiz xepvif vu uddaqz tqedi op uas caomfoph epf O vumf nz cuttit cedl vjip vu ci desigam. Vu vjios tasqsoti. Xjz? O iyqmeopif vjev O en emxezt dupdispif xjip e catopitt hsuxt cideati ov jet nupiz, ov mutit vjev tvesv aq raemovz ug fidotoup neloph. Vu qsuvidv uastimwit O etlif vjin gus e nettowi fiqutov epf vjiz teof zit. Mitt vjep 2 nupvjt mevis, vjiz tvesvif tjavvoph fuxp tvusit emm uwis epf vji dunqepz xet op fiiq vsuacmi.

Up e mohjvis puvi:
Xjip O gostv tvesvif uas catopitt O tmiqv moli e cecz - xuli aq iwisz 3 juast epf dsoif.
Vjepl zua gus qettoph emuph zuas iyqisoipdi. O lpix O xet quvipvoemmz tviqqoph up e mepfnopi qsitdsocoph monovevoupt up vuqodt O fup'v jewi iyqisoipdi op. O'n hmef zua tviqqif op epf dussidvif ni!
 
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