When I was 22, I could've made 30% more in my first job.
But I didn't.
Why?
I didn't ask for a raise. I had no clue you could do that!
Early career years are painful. You feel like an idiot 98% of the time.
Here are 20 things about building a career I wish I knew sooner 👇👇
Everything boils down to AMA
A: Ability - do you have the skills to pull it off?
M: Motivation - do you have the desire to pull it off?
A: Attitude - do you have the headspace to pull it off?
Strive for situations where each of these 3 are firing on all cylinders.
He said it in jest, but it’s spot on. In the internet era, it's easier than ever to chase vanity metrics (meaningless PR/accolades).
Focus on what actually matters.
Don’t overstudy outliers (e.g. billionaires)
Outliers are unique by definition. If you obsess over analyzing how they succeeded, you'll likely pull out the wrong lessons.
If the ball bounced slightly sideways, the outcome would have been completely different.
Optionality caps your downside AND your upside
As you progress in your career, the accumulation of skill is more attractive than the promise of potential. This shift can be painful - it happens very suddenly.
Sacrifice optionality early, so you can get more of it later.
"Anything is possible" doesn't mean "everything is probable."
It's important to understand: (1) whether something is likely and (2) the impact of a stated outcome.
There's no "right or wrong", but you should always be aware of the risk you're taking and its implications.
The right time to start is yesterday
If you’re waiting for the right time, you’re implicitly assuming: (1) there is a “right time” AND (2) you will recognize that right time.
Think about that.
Each of those individually are borderline impossible to diagnose, let alone both.
People don’t have short attention spans, they have short consideration spans
If you want to meet someone, work with them and/or get their help, you need to figure out "the hook."
Busy people get thousands of inbound emails, DMs and phone calls.
Focus on standing out.
Adding value will get you consideration.
There’s one resource we’re all constrained by - time. If you want to build a relationship, figure out how you can make someone's time more valuable.
Make an introduction, help with an initiative, deliver an insight.
Accelerate them.
Internalize asymmetric upside
An asymmetric bet is simple to understand. If you lose, you lose 1x. But if you win, there's no limit to the upside (♾)
You want to make sure you're taking enough swings (and the right types) to give yourself a shot at meaningful upside.
Aggressively seek out knowledge
A lot of rich people often say "nobody really knows what they're doing." 🤷♂️
Bull. Shit.
Most successful people I know are well intentioned, well networked and well read.
There are clear proven tactics/strategies - learn these early on.
Learn just enough to be dangerous
You don't need to be an expert, but you should know enough about: (a) how the world works, (b) how businesses work and (c) how people think.
Most people surprisingly don't. If you do, you'll be an asset in any organization from Day 1.
Most difficult situations I have faced have been a function of ~2-3 of these being out of whack. I didn't realize this until long after the fact.
Building is 99% execution, 1% vision
We glamorize vision and foresight too much. The majority of any project is actually really boring.
It's all about being present, consistent and giving it the right level of effort day-in and day-out.
This is deceptively difficult.
Seek out situations that maximize your value:
1. What am I GOOD at? 2. What does the MARKET need? 3. What do I WANT to do?
If you’re lucky enough to find the intersection of these 3, hold on tight.
Learn the 101 of equity
Don’t EVER get duped. I've seen too many people accept options packages that they flat out don't understand.
It takes a small person to look smart.
It takes a big person to act smart.
If you don't know what something means - ASK.
Build in public
I wish I started this earlier. Building in public is one of the most underrated and powerful things you can do in your career.
College is $250k for a credential. The internet now allows you to do that for free.
Build an audience
When I started my podcast, I did it with strong selfish interest. I wanted to learn from the best in the world.
In parallel, sharing my thoughts built audience which created opportunities.
⬆️audience = ⬆️reach = ⬆️surface area = ⬆️serendipity =⬆️opportunity
Spend time with people that are better than you
The quickest way to accelerate your personal growth is to surround yourself with people that are better than you at specific things.
Pick their brains and learn from them.
It's the fastest way to level up.
Spend more time on Twitter
Seriously.
It sounds crazy, but I've made many of my best friends IRL from Twitter and learned a TON from them.
LinkedIn DMs = Death to Me
Twitter DMs = Deal Making
This platform is criminally undermonetized (but that’s changing now!)
Don’t compare yourself to others
As you get older, the likelihood that you will have an amazing friend that doesn't get the credit they deserve and a morally soulless person that gets ahead is pretty likely.
Especially in tech.
Play your game and just focus on yourself.
BONUS: Don’t get high on your own supply. You’re not really that cool. And the quicker you figure that out, the better it is for you and everyone around you.
So to recap:
- Start TODAY
- Aggressively seek out knowledge
- Spend time with people that will 10x you
- Follow their “playbooks”
- Don’t compare yourself to others
- Be nice. Reputations are everything
Here are the takeaways / how to put these numbers in context👇
1/ First, let’s define how SHOP thinks about their business.
Everything boils down to 3 components: (1) Merchants, (2) Partners / Capabilities, (3) GMV.
⬆️merchants with ⬆️capabilities drives ⬆️activity.
This is what Shopify means when they say they're “arming the rebels”
2/ Financial metrics are all growing fast (at 100%+ YoY), but the better way to think about the SHOP is by looking at how fast it’s growing its ecosystem.
- Financials are a TRAILING indicator of the business.
- Ecosystem is a LEADING indicator of the business.