Starting a company is hard.

The hardest part: the euphoric ups followed by the VICIOUS downs

I wasn’t satisfied that this was “the way it had to be”

I started digging. Worked with a coach. Read books

Here’s the #1 I learned to fight the ups and downs

I do it daily 👇🏽👇🏽👇🏽
1/ First, let’s back up.

One thing entrepreneurs all have in common is that we are HUMAN.

Newsflash: Humans weren’t designed to be happy. We were designed for one thing: survival.

Now if you were designing an animal to survive, what are some things you may give it?
2/ How about an alert system?

Something to let them know they should be careful or stop doing something: EMOTIONS

Fear - what wants to be paid attention to?
Anger - what wants to be stopped?
Sadness - what wants to be let go?
Joy - what Wants to be celebrated?

What else?
3/ You’d want this animal to be able to use these emotions and quickly spot threats.

In fact, humans are built to walk into a room and first pay attention to anything that could harm them!

But these days, we don’t often experience threats aren’t to our physical survival…
4/ they are to our Ego.

Our ego seeks out approval, control and security at all times.

With our built in “threat” detector, we are drawn to issues and problems.

Nothing is wrong with us. We are not negative pessimists. We are just human!

Now apply this to an entrepreneur…
5/ your whole self is attached to this endeavor.

You think about it constantly. You call it your baby. And you and the venture are 1.

Well as we all know, startups are constantly under threat:
6/ Some customers hate your product.
VCs pass on investing.
Your best employee resigns.

It’s overload for an animal designed to spot threat!

So what’s the powerful preventive cure?
7/ I spend 2 minutes every morning writing down a few things:

- today I will let go of…
- today, I am grateful for (3+ things)
- today I will focus on…

Why does this work?
8/ Gratitude is powerful because it rewires the brain from its tendency to only see and feel threat.

By spending time on the good, you actually see reality more clearly, the perceived ups and downs diminish rapidly.

But Jesse I tried this and it didn’t work!

Here’s The trick:
9/ The best advice I got about gratitude journaling is find something that was literally a MOMENT.

Most people have tried gratitude journaling and complain it’s repetitive.

The “moment hack” solves this.

I’m not grateful for my daughter…
10/ I’m grateful for when her little hand grabbed my finger today and she locked eyes with me.

I’m not grateful for my team…

I’m grateful for how susie always has a job req ready to backfill the same day when someone resigns

I’m not grateful for learning…
11/ I’m grateful that this deal we just lost taught me the value of asking better questions.

What about the other parts?

The “Letting go” helps me identify something I’m holding onto from the past that won’t serve me today.

Again, naming it specifically is the most effective
12/ last, The focus and intention for the day really helps me stay on task even when there are a million things happening

These 2 minutes combined with truly feeling all my feelings (sadness when we lose, Joy when we win) have radically altered my experience of entrepreneurship
13/ Of course, there is still a ton of volatility in starting and building businesses

We pivot. Lose deals. People quit.

But I’m more able to maintain a broader, more accurate perspective (far far from perfect).

This make me a better leader, I feel happier and more fulfilled.
14/ Gratitude is an incredibly powerful force.

My favorite clip about it is an awesome Tony robbins video (linked below).

Try it with me:

In it, he asks the crowd to think of a stressful problem in their life. One they've been avoiding dealing with.

Then…
15/ he says: “put your hand on your chest, feel your heartbeat.

Your heart has been beating since before you were born. It keeps you alive. Keeps your whole body functioning. It never asks for anything.

Keep feeling it beat.
16/ If it stopped, your life and everything you know would be over.

And yet, have you ever felt grateful for your heart? Thanked it for beating on and on without any needs…

Now about that issue, anyone still feel like it matters?" No one raises their hand.
17/ I watch this video and do this exercise anytime I get really down.

This Thanksgiving try it out and commit to experiencing the power of gratitude in your daily life.

The Video:
18/ Big thanks to Concious Leadership Group (Conscious.is) for helping me find gratitude and @NeilPasricha - who created the 2min morning journal amazon.com/Two-Minute-Mor…

Follow me @jspujji I tweet advice and stories about entrepreneurship like this weekly.
19/ And don’t forget to subscribe to my newsletter: The 3-1-4. It comes up every other week with 3 links, 1 thought and 4 opportunities.

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More from @jspujji

21 Nov
After 7 years of being an entrepreneur, I felt empty and a bit lost.

I wanted to tap into the energy of a beginner again.

My coach challenged me: What's the ONE thing you can’t not do?

The thing that's always with you?

I was silent...
2/ After a few minutes of thinking I responded:

I love helping other people raise their game, to learn and grow and be the best versions of themselves.

I think entrepreneurship is the ultimate dojo.

My WHY became clear.
3/ I want to inspire more entrepreneurs to bootstrap.

While I have nothing against VC, I think bootstrapping is an equally viable path.

I love learning about new businesses.

I love teaching.

I love connecting people.

So I started writing🧵s about bootstrapped giants...
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19 Nov
At 31, this Korean-American immigrant bootstrapped a business from 1 client to over 6 BILLION DOLLARS in revenue.

The amazing part?

Her business is now the largest WOMAN owned business in America…

…And you’ve never heard of it.

I am so inspired 👇🏽👇🏽👇🏽
1/ Thai Lee was born in 1958 in Thailand

Her father was a Korean economist who moved the family around Asia every few years

As a kid, Thai’s pastime was planning how to survive if N. Korea ever invaded the south

At the age of 13, she and her sisters took a courageous leap...
2/ They moved to America to live with a family friend and attended school In Amherst

She majored in Bio and Econ for one reason: they didn’t require much English

Thai took to the American Dream

One day she dreamed of being an entrepreneur

But first, she broke down barriers…
Read 24 tweets
18 Nov
I love bootstrapping.

To succeed as a founder, you have to find every advantage you can. Especially ones that provide non-dilutive capital.

I recently discovered a new co and loved them so much I partnered with them

Here's the story and a special deal I got for my followers👇🏽
1) Scaling ads for DTC kept me in a vicious cycle:

- The more I spend, the faster I have to pay down my card. My card has 30 day terms, but ends up being 7

- When campaign performance looks off, I call 5 friends to confirm they're seeing the same

- Points don't help me scale
2) I got a call from my friend and fellow entrepreneur @jamesborow.

We used to be competitors. I was CEO of Ampush and he was CEO of SHIFT (which he sold to Snap)
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17 Nov
All hiring is hard...

As a founder, there's one role I've gotten wrong 95% of the time.

What it is, and my 8 secrets for getting it right 👇🏽👇🏽👇🏽
1/ When starting out, great teams are often made of top 1% generalists.

But as you grow, you'll begin to have problems that require specific expertise...

You'll want a manager who also has expertise (4-6yrs).

These folks are HARD to recruit

Here's how I (try to) hire them...
2/ Assess Your Current Team

Do you already have the expertise in house?

Do you have someone that could substitute?

If you have a lot of very smart problem solvers, you just need a contractor with expertise to teach them.

Understand what a new hire will bring.

To do that...
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12 Nov
At only 27, this son of Taiwanese immigrants went from being fired on Xmas day to bootstrapping a BILLION dollar company.

The best part?

He built the whole thing by solving his family’s problems 👇🏽👇🏽👇🏽
1/ Tim Chen was born in 1982 in Oklahoma to two computer scientists.

He grew up in Houston oscillating between math/science competitions by day and sneaking out of his house by night.

At 17, he got into Stanford…
2/ There, many of his friends went on to start successful tech companies.

He dreamed of being an entrepreneur one day.

But couldn’t resist the excitement and $ of Finance.

After a short stint at an Investment Bank, he landed a job at one of the most prestigious hedge funds…
Read 26 tweets
10 Nov
In February, I launched my first DTC brand.

I put my name, $, and reputation on the line.

It was an utter failure.

Here is the story and what I learned 👇🏽👇🏽👇🏽
1/ After ~10 years of running Ampush as CEO, I stepped into the chairman seat.

Ampush had helped countless brands build and scale customer acquisition including: Dollar Shave Club, Birchbox, Stitch Fix, and many others.

I had the obvious idea: why don’t I start a brand?
2/ I was eager to get back to “early days entrepreneurship.”

I spent 2020 both decompressing and anxiously thinking "what's next"

Investing? Another company? Something else?

I love the process of building businesses so I went for my dream: A venture studio.

But now what?
Read 40 tweets

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