I really blew it and everyone knows it. I was even asked to speak at some conference about Failure on I think June 13. I might’ve deluded myself into thinking I’m the keynote speaker. But I might just be on a panel. I don’t know. Hopefully I won’t fail at it. But if I do I hope you can all come and watch it happen in slow motion. By the way, my favorite technique in public speaking is to slightly slur my words but that’s another post.
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I’m like Dr. Failure. I know exactly what you need to do if you want your wife to hate you, if you want to get thrown out of school, if you want to lose your investors $100 million. If you want to lose your home, and so on.
1/16 of the time people are happy. The rest of the time they are unhappy. So you if you start to avoid all the things that cause unhappiness then maybe there’s a small chance you can improve the ratios in your favor
Claudia says “why are you writing about failure? Think positive!” What? Avoiding every possible way to fail is the most positive thing you can do to be happy and successful.
Here’s the REAL reasons entrepreneurs fail. Its not because of a bad programmer. Fire him and get a new one. Its not because a client pulled out at the last minute. Get a new client, or anticipate. It not because your girlfriend cheated on you. Kick her to the curb. Its not because some guy sued you or your employees delivered an unfinished product. We already know its your fault. Every failure (EVERY) failure boils down to these core reasons that come from the INSIDE. Some might seem obvious but they really are the ONLY reasons for failure. They are the CORE FOUNDATIONS of every failure. Pay attention to them please.
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This post was published at The Altucher Confidential.
Sickness
This is obvious. If you are sick all the time, you won’t be successful at a business. When I was a venture capitalist I would never invest money to a guy hooked up to a ventilator. Or even if I suspect they are clinically depressed. Many people avoid second dates if they find out on the first date the girl has late-stage terminal cancer. This is sad but reality.
What does it mean for an entrepreneur? Put good things in your body. Exercise. Don’t drink. Sleep 8 hours a day. That’s it. Then you probably won’t get sick as much and you’ll have a lot of energy to do your business. If you’re sick in bed all the time, your business will fail.
Inertia
I went out for dinner the other night with people who couldn’t stop talking, eating, and drinking. One person had business ideas. The other person wanted to write a novel. All night long drinking, eating, talking about business ideas, talking about writing novels. Talking, eating, drinking, talking, walking, drinking again, talking more. Then you sleep. Wake up at eight. Bloated, sick, heavy.
Wake up at eight — then you are too late. If you want to succeed you first have to get up and start. You can’t watch SharkTank, you have to be the shark. Don’t waste time. Start NOW. No more stuffing your face. No more parties at high-tech meetups with lots of social media experts. You know you only want to have sex with a social media expert. Stop lying about it. Start your business.
Doubts
You need to have a real passion behind the product you are creating. Would YOU use the product? If you wouldn’t, or if you are not sure, then you have doubts. Steve Jobs WANTED an ipad, an ipod, an i-everything. Doubts will make you fail because you won’t be able to make critical design decisions. Decisions are the top of a pyramid. Beneath the top is the base built by your solid foundation: “this is the product I would use. This is the product I want!” Then all decisions come from that.
With stockpickr.com I was obsessed about putting in new features. But every single new feature was something that had worked successfully to make me a better trader. I had no doubts. I had the spreadsheets showing me those strategies worked. With Reset.com I only built websites that I would want to use.
See the rest of the story at Business Insider
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See Also:
- How Long Should You Wait For Strategy To Work Before Throwing In The Towel?
- The Only Way To Get Important Things Done
- Most Companies Are Still Clueless About Social Media
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