Start something you’re genuinely passionate about.
I think the most important thing is to make sure the business you want to start is something you are *personally* passionate about, not just a big business idea.
3/ You have to fight and grind every single day, and you’ll be less likely to give up during the hard times if it’s something you deeply care about.
What you decide to do with your life will change over time
6/ This is why in The Start-up of You, we talk about developing a competitive advantage by intersecting all three considerations: your assets (strengths), aspirations (values, passions, etc), and the market realities.
There’s never that “one thing” you are supposed to be doing. Don’t forget—the average multi-millionaire (and this is from tax data) has seven different sources of income, at least.
10/ But one start is to think about all of the things you were interested in from the ages of 6–18. How does that translate into the modern day today? If you loved writing, maybe self-publish a book. If you loved stocks, think about finance.
-Try all kinds of new stuff. Don’t get locked into thinking you have to do certain things. Take courses in subjects you’ve never heard of. Join groups that push you out of your comfort zone.
12/ -The secret to college is relationships. Seriously. Curriculum and the formal stuff are useful only as mechanisms for forging connections to others. So chat up people at the dining hall. Go to your professor's office hours.
13/ Kimmy Scotti
Don’t worry so much!
I think I would have told myself ten years ago to just worry less. I was so focused on my work/company/etc. that I didn’t stop to look around and realize how fun it all was in the process.
Learn to be T-shaped; be good at a bunch of stuff, but then have a clear superpower where you’re world-class. To be world-class at something, you’ll have to work on a single thing night and day for years.
15/ Spend time writing and reflecting—more than reading, and more than reading tweets. It’s good to blend your work and your hobbies; that says you enjoy your work enough to do it all the time. Don’t sell your time for a living.
Jonathan Rosenberg, former SVP of Product at Google, used to ask all the product managers on his team to write their resumes in 10 years. Where do you want to be? I was skeptical until I did it.
17/ I realized pretty quickly that my resume in 10 years didn’t say “CEO.” I didn’t want to be a CEO. But I hadn’t explicitly stated that, and in many ways the PM career path defaults to the CEO career path.
The best piece of advice I ever received was that “no” is often just the starting point, and most careers worth having involve a fair amount of determination, grit, and just general “try try again”-ing.
Whatever you want to do, start yesterday. Start earlier. Start NOW. The sooner you start, the sooner you can reap the benefits or figure out that it isn’t going to work.
20/ And you won’t need to wonder “what if” because you did it already. There is nothing more painful than the “what ifs” you carry around inside your head. So act on them! Now! DO IT! JUST DO IT!
Cool Cats are derived from Blue Cat, the primary character created by Colin “thecatoonist” over 10 years ago
(Thread)
2/ Colin aka “Clon” has spent years perfecting the line weight, ear height, and whisker length of Blue Cat to finally get him to its undeniably cool and cute final form.
3/ Blue Cat has had some degree of success making debuts in some small art shows and pockets of the internet but has never garnered the attention he truly deserved.
The Baddest Man on the Planet. Youngest boxer ever to win the WBC, WBA, and IBF world heavyweight titles. Global icon. Living legend. AKA @MikeTyson...
2/ Each new era of innovation has created new way to coordinate human activity 🤝
The age of exploration birthed chartered corporations
The industrial era in the US heralded the joint stock company
The railroad boom created preferred shares
3/ DAOs could be the next major organizational structure 🔮
DAOs help people organize their affairs using software (potentially accompanied by associated legal agreements) to build organizations that are highly automated and Internet-native.
Here's the story of how choosing the wrong biz structure (LLC vs. C-Corp) can cost you millions 👇🏽
*Disclaimer*
I am not a tax or legal professional nor is this thread tax or legal advice
If you do want tax or legal advice on launching a US company follow @mahadevanarj and shoot me a DM; happy to connect you with a US CPA with international tax expertise!
* Disclaimer*
When starting a company, $ is tight, and founders will do anything to save cash
This makes sense. As @paulg says, spending too much is one of the top reasons startups die