1/19: I wish the 50-year old me could go back and give some “tough love” advice to the younger me. I’m not sure I would have listened, but maybe someone out there in the #startup ecosystem will.

Here are 8 pieces of hard earned wisdom that might serve you well:
2/19: Lesson 1: Don’t optimize for autonomy. When you’re in the first third of your career, what matters most is learning as much as possible as quickly as possible through direct experiences. It will set the foundation for a 40+ year career.
3/19: Too many 22-year olds want to optimize for fun or for mission. The advice I’d give is to optimize for learning. Reporting to an experienced operator and working with a talented team allows you to learn from others rather than teaching yourself.
4/19: Solving for your boss and the people you’ll be working with on a day-to-day basis is more important than freedom. The 2nd sounds more fun but the 1st is more valuable.
5/19: Lesson 2: Define your superpower early on. While it’s important to be competent across many dimensions, being exceptional at one is how careers are made. Why? Because opportunities arise where only the top draft pick gets selected.
6/19: But superpowers don’t always emerge on their own nor are they always obvious to people around you. Defining what you want your superpower to be allows you to focus on it, talk about it openly, and self-select into opportunities that reinforce it.
7/19: Lesson 3: When you piss someone off you only have a few hours to make things right. It can’t be expected that co-workers see eye-to-eye all the time, but there are times that disagreements stop being about sharing opinions and start being about “I’m right and you’re wrong”.
8/19: Aware people can tell when a conversation or meeting takes a bad turn and one or more people leave very upset. A huge piece of advice: You don’t have much time to address the situation before the offended person locks in a view that you’re a jerk.
9/19: If you admit that the conversation went awry, apologize, and then offer to re-boot the conversation with an open mind, you can reverse what otherwise could turn into a poisonous relationship. If you wait too long, the relationship could be permanently tainted.
10/19: Lesson 4: Help others first. This is a very counter-intuitive piece of advice for alpha-type personalities, but I’ve learned that helping others succeed is the best way to get noticed. You only have one voice and using it to sing your own praises will often backfire.
11/19: But when you help others succeed by prioritizing their needs over your own you’ll build an army of supporters. And an army is louder and has more power than any individual. Don’t worry – you’ll find ways to get your own work done even after putting others first.
12/19: Lesson 5: Focus on building the skills to do big things rather than what it takes to climb one rung. It can be frustrating to look at people one level up in an organization and feel like you’d do a better job than many of them. This is natural but unproductive.
13/19: Instead of spending your time proving that you’re better than the worst person one level up, you should put energy into building the skills to do what your boss’s boss does. Your mind will be clearer, your attitude will be better and you’ll ultimately get there faster.
14/19: Lesson 6: Edit how often you talk and what you say. Maximize the impact rather than the quantity of what you say and over time people will seek out your advice. It’s not about being heard on everything. It’s about being taken seriously on the big things.
15/19: Lesson 7: Learn how to be a good soldier. There will be many times in your career that you won’t agree with a course of action. The black belt skill is knowing when to put aside your own opinions and execute someone else’s plan to the best of your ability.
16/19: It starts by being open to the possibility that the plan might work. And whether or not it does, flawless execution paired with a servant’s mentality will get noticed which sets the stage for more responsibility and bigger things in the future.
17/19: Lesson 8: Seek out advice. Learning how other people think and approach problems is the best way to build up a toolbox of frameworks. Discussing real problems with talented and trusted people will expand the aperture of what you think is possible.
18/19: Internalize that asking for advice isn’t weak, it’s actually a strong move. All great leaders do it. Surrounding yourself with great advisors maximizes the chances that you’ll surface the best solutions.
19/19: I’d love to hear what business lessons the #startup Twittersphere has. Retweet the first post with your own advice and I’ll collate the responses into an in-depth Blog post soon. I bet it will be a fun read!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Frank Rotman

Frank Rotman Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @fintechjunkie

8 Dec
1/11: I was in a Board meeting not too long ago where the CEO and one of the company’s Board members obviously weren’t seeing eye to eye. It was awkward and avoidable if each person realized how they were behaving. The situation reminded me of a well-known parable:
2/11: A man in a hot air balloon is lost. He sees a man on the ground and reduces height to speak to him. "Excuse me, can you tell me where I am?" "You’re in a hot air balloon thirty feet above this field," comes the reply.
3/11: "You must a Board member," says the balloonist. "I am," says the man, "How did you know?" "Well," says the balloonist, "Everything you told me is technically correct, but it doesn’t help me at all."
Read 11 tweets
8 Dec
1/X: I was in a Board meeting not too long ago where the CEO and one of the company’s Board members obviously weren’t seeing eye to eye. It was awkward and avoidable if each person realized how they were behaving. The situation reminded me of a well-known parable:
2/X: A man in a hot air balloon is lost. He sees a man on the ground and reduces height to speak to him. "Excuse me, can you tell me where I am?" "You’re in a hot air balloon thirty feet above this field," comes the reply.
3/X: "You must a Board member," says the balloonist. "I am," says the man, "How did you know?" "Well," says the balloonist, "Everything you told me is technically correct, but it doesn’t help me at all."
Read 11 tweets
6 Dec
1/14: I hate to be the bearer of bad news, but in the #startup world, if it doesn’t feel like you’re constantly running then your business is probably about to die. The same is true at highly successful bigger companies. Let’s start with an analogy: Image
2/14: Every morning in Africa, an antelope wakes up and knows it must run faster than the fastest lion or it will be killed. Those same mornings, a lion wakes up and knows it must outrun the slowest antelope or it will starve to death.
3/14: In the wild, staying still results in death by starvation or death by becoming dinner du jour. In the business world, death comes from being a “lazy lion” or a “slow antelope”.
Read 14 tweets
27 Nov
1/30: There’s a supply/demand imbalance in the startup world (too much capital/not enough great companies). This means it’s a great time to be a Founder if you have an epic idea, but how do you know if your idea is any good? I asked some amazing VCs and here’s their advice:
2/30: Put a prototype in users' hands. When you try to take it away from them, do they kick and scream and tell you to get lost? If so, you've got a good idea. If not, keep iterating. (@Mark_Goldberg)
3/30: Can you can describe it in 30 seconds or less to a tech-illiterate relative at Thanksgiving? Great ideas are simple, but non-obvious. (@Mark_Goldberg)
Read 30 tweets
19 Nov
1/30: Many #Startup CEOs struggle to redefine their own role as their company scales. I’ve been asked by startup CEOs many times: “What should my job be?” What follows is a framework I’ve used to guide various CEOs through the evolution from a “Small Team CEO” to a “Proper CEO”:
2/30: But, before I share the framework I almost universally have to re-set their expectations because most first time CEOs think that their primary function is to “make all critical decisions”. Breaking them out of a “control everything” mentality is uncomfortable but essential.
3/30: What’s disappointing is that many CEOs can’t wrap their heads around the thought that they won’t be directly involved in everything happening at their company and in the middle of all critical decisions. Only when they’re ready to deal with this they can evolve.
Read 30 tweets
10 Nov
1/32: Building a #StartUp business has similarities to a spacecraft crashing down on an unknown planet. I talk to Founders about this all the time. Unpacked:
2/32: We’ve all seen blockbuster “how the heck are we going to survive” SciFi movies. The one commonality is that there’s an obvious prioritization of what has to be solved and in what order.
3/32: This is because all human beings need 3 things to survive: Oxygen, Water and Food. Without any of them we can’t survive. But, bad things start to happen if we don’t have oxygen for 3 minutes, water for 3 days or food for 3 weeks.
Read 32 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!