Entrepreneurship is Sexy, but not Easy

ReadWriteStart Logo
ReadWriteStart’s last article titled “Are You Really an Entrepreneur?” is a a great post that emphasizes some of the less sexy, but realistic elements of being an entrepreneur. Anyone interested in starting a company should check out the article. I don’t think it should discourage individuals from going after their dreams, but hopefully it will better prepare them for what is to come. This will likely improve the outcome of a new venture since proper planning can overcome many challenges faced by an entrepreneur.
Here are a few of my favorite quotes from the article:
- Put down “The 4-Hour Workweek”; it is a myth that the author spun to sell books (so that he could work 4 hours a week).
- There will be long periods of time when everyone around you questions your sanity, and on all normal metrics (hours worked and stress endured vs. material rewards gained), they would be right.
- The entrepreneur is an odd mix: part dreamer, part brutal realist and pragmatist.
- Entrepreneurs have to be generalists. They may know one thing very, very well. But they also have to know enough about almost everything else to occasionally do those things themselves, and have the judgment to eventually hire the right people to do those things.
And people wonder why only a few startups are successful…
A few days back
I’m a car nut, and as such, one of the last people I’d ever feel sympathy for is the owner of an exotic car. At least, that was the case until this last week. This last week I was presented with a different perspective on the matter of owning an exotic car. I spoke with a gent that owns a Ferrari 430 and for the first few minutes we did what car nuts do, obsess about the intricacies of the car. However, a few minutes into the discussion he said that he doesn’t drive the car that much anymore. This guy is not one of those Ferrari owners that buys a car because its pretty or prestigious. This guy buys a car to be driven, hard. This kind of behavior begs the question, “why?”



Ensuring that customers get the highest value out of your products keeps them happy and coming back for more. This of course is assuming that you aren’t asking for another large sum of cash for this value maximizing. Well Best Buy is doing just that. They are charging their customers a whopping $300 to perform “calibration techniques” on purchased HDTVs to ensure that customers who purchased HDTVs get the best picture quality. There is some validity in this service as it is important to calibrate your TV’s picture quality, but $300 dollars is a pretty steep price.
Needless to say, Excel, GoogleDocs, Wikis, Word, are not the right tools for managing product requirements within an organization. Its like using a screwdriver as a hammer. That said, I’ve seen a few products that have steep learning curves which are unacceptable to my organization. Not everyone will spend all night figuring out a new system(nor would I want them to, they should be building the products). Accompa seems to be the best thing to fill the void, but I’m curious if any Product Managers out there have any recs. Oh, and money is not just an object.