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10 of the most counterintuitive pieces of advice from famous entrepreneurs
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Jupiter Offline
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Post: #1
Smile 10 of the most counterintuitive pieces of advice from famous entrepreneurs
I have just read a great article where you can find some interesting counterintuitive tips from famous entrepeneurs (most of them activate in online). It makes you think about your approach to business and you can learn some important lessons from them.

Some ideas:

- being a workaholic and working night and day could kill your creativity
- having a relaxed attitude can inspire you and make you work more efficiently
- work smart, not hard
- try to achieve smaller goals / work in steps
- don’t go all in with your business (I personally don't like Tim Ferriss, but this tip is a great one)

http://blog.bufferapp.com/10-of-the-most...repreneurs

Since you are reading my thread, I think most of you work as a freelancer or aspire to be one. I have another very useful article for you:

http://www.makeuseof.com/tag/how-to-be-m...from-home/
07-26-2013 04:39 PM
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Jupiter Offline
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RE: 10 of the most counterintuitive pieces of advice from famous entrepreneurs
- double post (sorry, but I can't delete this one)
(This post was last modified: 07-26-2013 04:44 PM by Jupiter.)
07-26-2013 04:42 PM
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Andy_B Offline
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Post: #3
RE: 10 of the most counterintuitive pieces of advice from famous entrepreneurs
Pretty solid article. I have a few comments.

1. Graham's tip is, as usual, awesome. Actually, I think Graham and Babauta are making almost the same point here: big plans are a bad idea. This is a huge theme in Graham's work, actually. I remember reading this article by him where he talks about how kids with overly specific career plans in high school, end up as adults who are stuck living a life according to some naive kid's plans. I thought it was one of the most brilliant things I'd ever read. But the point is, you never know what the right move is going to be at point Z, when you're still stuck at point A or B. Just deal with what's in front of you and try to keep moving in what seems like a good direction.

2.Goldberg's advice is also awesome. The North American worker bee culture is not a good mentality for building wealth. Making money is ultimately about making good decisions, and working yourself to exhaustion/missing sleep does not help you make good decisions.

3. I like Bezos' advice about changing your mind. I've noticed that if somebody thinks that changing your mind is a bad thing, or a sign of weakness, that person is generally pretty stupid.

5. Ferriss' advice is, IMO, the only one in the article that's not so hot. The "don't quit your day job" principle sounds good in theory, but the problem is, it can lead to a lack of motivation. In the "Art Of War," Robert Greene talks about the "Death Ground" strategy, putting yourself in a sink or swim situation where you NEED to succeed, just to survive. I think that, if you want to start a business, this method is what's more likely to work. I also think it describes Roosh's career to a T (his writing career really took off after he got outedn by some blogger and became unemployable).
09-15-2013 06:10 AM
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iknowexactly Offline
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Post: #4
RE: 10 of the most counterintuitive pieces of advice from famous entrepreneurs
(09-15-2013 06:10 AM)Andy_B Wrote:  Ferriss' advice is, IMO, the only one in the article that's not so hot. The "don't quit your day job" principle sounds good in theory, but the problem is, it can lead to a lack of motivation. In the "Art Of War," Robert Greene talks about the "Death Ground" strategy, putting yourself in a sink or swim situation where you NEED to succeed, just to survive. I think that, if you want to start a business, this method is what's more likely to work. I also think it describes Roosh's career to a T (his writing career really took off after he got outedn by some blogger and became unemployable).

To some degree I agree, but in Roosh's case I think being outed was partly an artifact from being popular. No one would bother outing someone with 5 readers. So you could argue the success came before, and caused, they outing.
09-15-2013 06:18 AM
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Dr. Howard Away
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Post: #5
RE: 10 of the most counterintuitive pieces of advice from famous entrepreneurs
Good points but the only part I disagree with is avoiding being a workaholic. There is a point where after a business model is developed, and then implemented that you grind it for hours a day to raise enough capital for the business to grow large enough for you to hire someone to replace yourself.

looking for a new signature.
09-16-2013 04:28 PM
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