For how many of you is this quote true?
Entrepreneurship
Startup Quote
Don’t worry about failure; you only have to be right once.
- Drew Houston
Hopefully my “once” was WooThemes. :)
Why the fascination with $1bn businesses?
I’ve been listening to many business people of late and I’m astounded that there is this obsession to great massive businesses that are worth multiple billion dollars.
I don’t know about you, but even though I’m a firm believer in capitalism, as well as being a very ambitious individual; I harbour no dream to build a bloated business that requires me to do more chaos management than strategizing (and all the other fun stuff related to running your own business).
Taylor Davdison sums this up beautifully:
But should the goal really be bigger businesses? Are bigger businesses necessarily better businesses? Shouldn’t the goal be better businesses? And where are the metrics to measure that?
I’d also like to add that businesses should be about solving problems, having fun & being passionate about the things you do. If it’s not all that, it doesn’t matter how big your company is or even less or much it is worth.
When Hard Work Ain't Really Work
Last week I was able to write a really long piece on being prepared to work hard. For my 3rd Project 52 post, I’d like to expand my thoughts on the matter of hard work and would like to explain why I don’t necessarily that I’m “working” in the average sense of the word. We’ve all heard the mantra “When you love your job, you’ll never work again.” and whilst there is incredible truth in that, I don’t think that it fully captures why it is seemingly true. If I could elaborate on that concept (my interpretation thereof), I’d like to believe that you’ll never feel as if you’re really “working” when the following is in place:
- Passion. It all starts with the passion you have for your job and the industry + marketplace + economy that it falls into. Without an almost addictive passion for your job, you will never be able to sustain your happiness or ambition in one job in the longer term.
- Love. For me, the love comes after the passion and the love should be for your actual work. In this sense the work is the actual stuff / tasks that you need to take care of on a daily, weekly & monthly basis, whilst your job is more of a holistic, “catch-all” description of what you do.
- Environment. There’s nothing like hating your job, because everything about it feels like a sucky, 9 - 5 corporate job. Having a workspace which allows you to exercise the above mentioned passion & love, will really take away all of the nitty-gritty involved with doing your job, as the crap stuff associated with it is kinda hidden behind a layer of awesomeness & tranquility around you.
As I’m writing this, I’m sitting alone in our offices on a Saturday morning and I really couldn’t be happier.** Nothing I’ve done this morning has felt like work, as I feel so inspired about everything that is happening in & around WooThemes, Radiiate & The Rockstar Foundation that it’s easy to get lost in my passion, love & the environment in which those two things really catch fire. If you can’t write a blog post like this about your job, you seriously need to consider changing it. I believe everybody deserves the right to love their job and I also believe that the real value for employers is having employees that truly love what they do.
** I could be doing many other things that would make me happier. I try not work on weekends on a regular basis (especially not on beautiful Saturday mornings), but I lost some work-time in the week due personal situations, which means I need to make a few sacrifices in order to catch up.
Prepare to Work Hard
I constantly get this feeling that other people tend to think that what I have achieved has been a fluke of some kind and that I have thus been extremely lucky to have gotten as far as I have until now. This is even evident in my own dad’s opinion that I have been extremely blessed and that I should feel very privileged to have these blessings. In short, I realize that I’ve been very blessed until now and I could seriously not have scripted the growth in my own reputation & following and that of WooThemes (which seems to go hand-in-hand with my own & vice-versa) any more beneficial to myself. I also know (and believe) that the lucky aspect of some people’s opinions are only true if you consider that I was at the right place, at the right time AND I had the guts to pursue my ideas within that opportunity at all costs. So whilst there is an obvious element of “luck” or being blessed, I will never discount my own contributions in pursuing my dreams & ambitions.
The Hard Work
I’m a firm believer in hard work and I can remember my dad telling (when I quit my corporate job to pursue & grow WooThemes) that “there would be no harder boss, than the boss you’ll be to yourself” and I didn’t really understand what he meant. Almost two years down the line now, I can say that I’ve experienced day-in & day-out what he meant with that. When you work for yourself, you’re on your own and you take responsibility for your own career, income & life. There’s no one that’s gonna give you a pay cheque at the end of the month, if you were a lazy during that month. But this bit of freelancing or being a business owner has been publicized many times over already and I’d prefer to focus on another angle: working hard, because you want to.
See, I think I’m an extremely ambitious guy and new ideas (some of them pretty good; others pretty shit) come to me easily. Combine these two and you have an overactive brain that never really stops working (hence why I’ve needed to force myself to go offline) and the only way to fuel that line of thinking is to put in the hours. This means that I spend a massive chunk of my day in front of my computer and it’s pretty much routine for me to work until 11 / 12 at night (this after I start working at 6:30 / 7 in the mornings). I’m sure some people will say that working this hard is ridiculous (in some situations they’d be correct, but more on that just now), but working hard at achieving your goals & dreams is the only way to really influence whether you are gonna be successful or not (as individuals, we definitely can’t control / influence everything and being lucky / blessed thus helps a bit, irrespective of working darn hard).
The Mistake Many Make
I’ve encountered too many people (online & off) who think that success comes easy and that a great idea is the only ingredient needed to guarantee a successful business. I’m however willing to bet that an individual / company with a lesser idea, but a better work ethic will trump the geniuses and their groundbreaking ideas every single time. I recently finished reading Outliers by Malcolm Gladwell, in which the author explores the reasons for success. Throughout the book it is evident that there are a little bit more at play in terms of being successful and that natural-born talent is only one of the many ingredients that can bake you a successful cake. Anyway, you should read the book yourself, but I wanted to quote a Chinese Proverb from the book:
“No one who can rise before dawn, 360 days a year, fails to make his family rich.”
When I first saw the proverb, I read and re-read it, as at first glance I understood it was powerful, but I wasn’t sure how I related to this. The more I read it though, the more I could see the power of this mindset in my own life. I’ve never been afraid to work hard and I believe that what I’ve achieved in my life is a direct result of the hard work I’ve put back into it. I don’t think that WooThemes is the most special company with the most groundbreaking ideas ever, but when I look at myself and the team around me, I know that we are for sure one of the hardest working companies you are gonna find anywhere in the world. And it’s exactly that mistake that most that people make when starting their own business: they just don’t work hard enough.
Entrepreneur via hard work
There is absolutely no substitute for hard work when you’re trying to build your own business. Not only will you fuel the growth momentum of your business via hard work, but your customers will also see the effort that goes into the business (and the benefits & kudo’s of that should be obvious). In my opinion, this is how you “earn your wings” and the right to call yourself an entrepreneur; just having a great idea isn’t good enough. Ultimately: if you don’t like hard work, then rather don’t go into business for yourself.