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The three worst reasons to become an entrepreneur



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[ @miltonbooks ]Do Epic Shit by Ankur Warikoo

The three worst reasons to become an entrepreneur:
1. I want to make money
2. I hate my current job
3. Everyone is doing it
Entrepreneurship is hard.
For the longest time it won’t give you the luxuries of a salaried job.
Also, you will have multiple bosses instead of one.
Most people fail as entrepreneurs because they pick one of these external reasons to become
entrepreneurs.
Only when your drive is internal, you are curious, you are consumed by a problem, you would be able to
experience the joy of becoming an entrepreneur.
You want to solve a problem and while you hope for success, you are ready for failure too.
A great leader should be replaceable when it comes to their tasks and actions.
And irreplaceable when it comes to their thoughts and vision.
Great leaders are those who make themselves dispensable over time.
Because they don’t care about feeding their ego.
The best leader allows their team to execute in their absence.
While the leader works to define the purpose and end goal.
In a society where being trusted is not common, operating with trust is a competitive advantage.
People inherently want to be trusted.
I pay my team (interns as well as full-time) on the first day of every month.
Also, I trust them on Day 1 instead of building it over time.
When people are trusted, especially in a trust-deficient context, you get more out of them.
People want to be trusted. They just aren’t given enough opportunities to.
And once they are trusted, they not only surprise you, they also end up surprising themselves by the
accountability they deliver!


PART 5 
MONEY


W
hen I was young, my father shared an interesting side of money with me.
He said, because you grew up without money, you would either go after money or you would
grow beyond money.
While I always think money is important, it is the worst use of your time and life to keep
running after it.
Money buys freedom.
Freedom is a privilege.
That freedom helps you make wiser choices.
However, before those wiser choices, I have made several mistakes with money.
I share them with you in the hope that you are aware of them and make a meaningful relationship with
money.



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