Lux-
lux7 said:
The notion of "learning to run a successful company" is so interesting, I always thought that coincidence and macro trends in your industry played too big of a role to being able to consistently launch new successful companies.
There's certainly a large element of luck, yet also a large one of skill. It's much like seduction in that regard. If you write it off as "all luck", you'll never get remotely successful; if you count on it being "all skill", you'll find yourself confused and traumatized when things you were certain would win big get met with crickets. However, if you keep experimenting and diligently work to improve, you greatly increase your luck surface area.
lux7 said:
How did you move to China Chase and earned fron there , and now that you have your own businesses do you really feel freer if you (still) have to work, and a actually work that much harder and can't really stop or esle you lose the income ?
Everywhere I've relocated to I just threw my belongings in a suitcase and went. Not so hard. Some countries you need visas for, but if you're working your network there are typically agencies with government ties, etc., who can help you get special visas, etc. that friends will put you in contact with.
I won't go anywhere for more than a week or two generally that I don't know at least one person who'd like to show me around and play host for a while to help me get my bearings. It cuts down on your learning curve / initial exploration time so dramatically that it's not really worth it for me to travel anywhere else long-term anymore without boots-on-the-ground information. Generally I try to crash with friends when new in town; you don't get the whirlwind tour when you're not living in the same abode.
As for freedom... man! It's all kinds of freedom.
I always felt like a prisoner when I had commutes for a 9-to-5, or even when I ran an office-based startup and had to be in the office wearing my suit and playing the "good manager" role. These things drove me nuts. I don't know what's worse: having to wake up early in the morning to make it to the office when you are NOT a morning person, and always being in a rush because you overslept again, since you didn't get to bed until 3:30 AM and your alarm was set for 7... or having to waste a ton of energy on trying to "look busy" and "seem important" so you don't get the ax, or encourage staffers to start trying to ladder climb you... or being stuck there all day long, even if you finish everything you need to do early, or there's nothing you can do until later.
An average day for me is waking up when I want to wake up, leisurely eating breakfast while reading the latest science news or a book on history or business (I've been chipping away at Plutarch for a while during meals, and it's wonderful), showering, then heading out somewhere for lunch, then a café to do some work. Sometimes I will walk the streets, or take the train to another part of town if I'm in a city with a train, right at evening rush hour, not because I actually have to be anywhere specific, but because it's kind of fun to walk or ride around with all the worn out, haggard masses heading back from their jobs to go flop down and pass out at home before starting it all over again the next day.
It makes me appreciate my freedom, and also gives me a ping of nostalgia for back when I was living that life, making my daily commute to and fro while cursing to no one in particular and saying "WHY am I trapped doing this mind-numbing BS day after day after day? Am I Bill Murray? Is this
Groundhog Day?" The world felt like such a big, scary, unknowable, and limiting place back then, compared to the small, familiar, and limitless one it is for me today.
To get there, I had to endure the lean years of trial and tribulation though, where I faced constant failure and setback and oceans of doubt, and there was no one who could help me through it. The best anyone could offer was "Well, if it doesn't work out, what are you going to do? Take another job?"
I think MJ DeMarco's
Millionaire Fastlane does the best job of anything I've read at highlighting the way your thinking changes once you've become at least moderately successful at business. Slowlane people trade time for money - they'll drive 40 minutes out of their way to get a free milkshake, say, or wait in line all night to save 40% on a flatscreen TV during Black Friday. This is because money is limited to them, and they have no easy way to make more. Spend all the money in your paycheck, and you're sunk. All you can do is wait another 2 weeks for more, or put it on your credit cards and hope you haven't hit your limit yet.
When you're a business owner, and you're making money, your thinking shifts to "How can I spend my money to save myself more time?" because the more time you have, the more you can leverage your burgeoning skill sets to make even more money, which allows you to save even more time.
If there's a course I want to take or a trip I need to go on and it's going to cost me a few thousand bucks, yet I know it makes good business sense, I don't even think about it, I just do it. And then I work on making sure that whatever it was pays for itself several times over within a few months of signing up for it in terms of a better business creating more value for customers, the team, and me.
Or, if I can pay someone to handle XYZ time-consuming thing I do, now I can pursue ABC other opportunity that will increase revenues 40%, 50%, 100%, or more. Then I can hire still more people to automate that piece of the process, and build something else even greater. All of this is super fun when you are someone who enjoys building cool things.
If you like playing strategy games like Risk or Chess or Age of Empires or StarCraft, or you like RPGs like Elder Scrolls, etc., business once you're past the initial freaking out "HolycrapI'mlosingsomuchmoneywhathappensifthisallgoesbellyup???" point becomes a really enjoyable game much of the time, so long as you're good about getting the stuff you hate doing off your plate by hiring people to handle it or cutting that aspect out of the business so you aren't spending time every day doing things you dislike doing. All you're doing is building your empire and leveling up your skills. For me, those things are way more interesting than most anything else I can do. Getting paid to do them beyond what I need to survive is just a neat bonus.
Chase