Show notes from Episode #132 of the Sweaty Startup Podcast.
What are your goals?
Thatís the first question you should ask yourself when considering entrepreneurship, or any career path for that matter. If youíve started your business but havenít answered this question yet, it should be your top priority. Next, ask yourself what it will take to achieve those goals, and how much youíll have to sacrifice for them. If you have to dedicate your entire life to reach your goals, itís time to reconsider.
We came across an interview snippet with Kevin OíLeary where he speaks, supposedly honestly, about the personal sacrifices successful people must make. Yes, you probably need to make sacrifices to find the success you want, but the examples he offered were outrageous.
OíLeary rambles on that there are no youth soccer games, no Sunday dinner with the family, and that people in India in China will be working when you arenít. At the pinnacle of his interview he laughs as he recalls telling a student that his fiancť would be easier to replace than his company, and the crowd laughs along with him.
What is wealth to you or me? To what extent does it really matter? Whatís the significance of being worth a billion dollars, instead of a hundred million or a couple million? Entrepreneurship culture has started to glorify and idolize those that tell stories of unmatched sacrifice to find their success, even if they arenít fully true, and itís not a culture that we should be supporting.
Even in Nickís busiest time building Storage Squad, he was having fun and balancing it. He met his wife, traveled, ran cross country, and maintained relationships with his friends and family. Most people donít work hard enough to find the success they really want, we get that, but sending a message that success requires giving up time with your family, your friends, or your fiancť is ridiculous.
Live the life you want, find time to do what you want to do, and enjoy the process. When Rock Thomas came on the podcast he talked about the gardens of life–including health, relationships, spirituality, work, friends, and family. You need to water each garden to have a fulfilling life and find balance, and you canít ignore those gardens for your business. You need to make time to do this now so you can be thankful for it later. Donít miss soccer games, family dinner, or the occasional late night out. Work both smart and hard, and have a balance.
We need to stop buying into the hustle, the failure, and the idea that you have to work for 15 years to be happy. Instead of setting a goal for wealth, think about setting a goal to make good money and make it easy.