Life Hacks To Let Great Things Happen To You
You are sitting there reading this article and probably feeling bad. You think that if you were in a different position in life that would be better and more inspiring to you. You may even feel unhappy and miserable. You question yourself: What the heck I should do to get out of this situation?
Maybe you started building your career, your business or you still trying to figure out your life after graduation. You may even be lost and stuck at college, thinking how can you find the thing that makes you happy and get you safe out of the misery of education.
Well most people miss the very essential mechanism of life, though simple in nature: Do things despite you love them or not, until great things start happening to you. This doesn’t mean you do things that you hate. In fact you do things that work for you for a certain period of time until you get a decent amount of experience that allows you to move on to the next thing.
In an interview, Simon Sinek told Tom Bilyeu about the so called millennials and their impatience to acquire and build on experience:
… so I keep meeting these wonderful, fantastic, idealistic, hardworking, smart kids. They’ve just graduated school. They’re in their entry level job. I sit down with them and I go, “How’s it going?” They go, “I think I’m gonna quit.” I’m like, “Why?” They’re like, “I’m not making an impact.” I’m like, “You’ve been here eight months.”
In fact, not just millennials miss this rule of life. Most people who are living an unfulfilling life think that they are unlucky or that things are too hard to achieve. However, building a legacy is the way to go by following incremental steps every single day. Don’t aspire greatness because this is too disappointing by the very nature of life hardships and obstacles. Instead aspire little improvements and forget about Steve Jobs and Zuckerberg.
Yes, you are impatient toward building on experience. You think that the next big thing for you is some kind of magy that should happen the same way it happened to Steve Jobs and Zuckerberg at their early age. But, this is wrong and that’s why 90% of startups fail.
Steve Jobs played around for a while with electronics in his father’s garage and worked in an electronics factory and used to read a lot. Zuckerberg was coding much more than what you think. Yes, things worked for them at a very young age but this is much more like an accident than it is a rule of life.
Don’t count on what is accidental, count on what works!
According to a working paper from MIT Sloan professor Pierre Azoulay and PhD student Daniel Kim, the average age of entrepreneurs who’ve started companies and gone on to hire at least one employee is 42 years old.
“If you knew nothing else, and you had two identical ideas, one proposed by a very young person, one proposed by a middle-aged person, and that’s the only thing you have to go on, you would be better off — if you wanted to predict success — betting on a middle-aged person,” Azoulay said.
To find out the correlation between age and entrepreneurship, Kim and Azoulay went to the government, specifically, administrative data from the Census Bureau’s Longitudinal Business Database, and Schedule K-1 business owners data from the Internal Revenue Service.
The team looked at data around the 2.7 million people who founded businesses between 2007–14 and went on to hire at least one employee. Along with average entrepreneur age, they also learned those new ventures with the highest growth had an average founder age of 45.
The researchers broke out the data into high-tech employment, VC-backed firms, and patenting firms. Across the entire United States, the average founder ages were 43, 42, and 45, respectively for those divisions.
The team looked at ages and startups in areas like California, New York, Massachusetts, and specifically Silicon Valley. The closest any founder age got to “young” was in VC-backed firms, where the average age was 39 in New York.
Similarly, the average founder age for one of the “youngest” technology sectors — in this case wireless telecommunication carriers — was 39 years old.
Kim and Azoulay also found that entrepreneurs were 125 percent more successful if they were previously employed in a particular sector in which they are starting a business.
While that might come as a shock — at least to the 20-somethings looking to start companies and the venture capitalists looking fund them — Kim said for economists, that idea shouldn’t be much of a stretch.
“In theory, we know that with age a lot of benefits accumulate,” Kim said. “For instance you get a lot of human capital from experience, you also get more financial resources as you age, as well as social connections, all of which will likely boost your odds of success as an entrepreneur.”
That’s not to say there aren’t some young people who’ve created “very robust, very large successful businesses,” Azoulay said, but that also doesn’t mean they’re not going to get better with age. Bill Gates and Jeff Bezos, for example, had more success as 50-year-olds than as a 20-year-olds.
As for those 20-year-olds looking to be the next Mark Zuckerberg, Kim said they shouldn’t be discouraged by the data, and instead should be confident that they can still be successful and part of improved entrepreneurship.
With experience you gain knowledge and you broaden your network. People start knowing you and trusting you. On those things you leverage and build.
Greatness is rather built than hacked!
The Gary Vee example
When Gary identified “the internet” as a land-grab opportunity in the late 90’s he transitioned his father’s local liquor store (then named “Shoppers Discount Liquors”) into one of the first e-commerce platforms for alcohol in the country resulting in explosive top-line growth. Renaming the business to “Wine Library,” Gary grew his father’s company from $3–60MM in sales during his tenure at Wine Library.
During his time at Wine Library, Gary Vaynerchuk started one of the first long-form episodic video shows on YouTube in 2006 called WineLibraryTV. Gary produced an episode almost every day for 5 years.
Look, this is insane. Producing an episode everyday for 5 years is what this generation is not considering while aspiring to be successful and thinking about success. It’s all about the tiny things that you do on a daily basis that makes your experience greater, your network bigger, and let great things start happening to you.
The Joe Rogan example
Everytime you gain experience you leverage on it. This fact is omnipresent in all fields of achievement in life not just for startups and businesses. For instance Joe Rogan has never been a startup co-founder but as of 2018, his net worth is roughly $25 million, making him one of the richest comedians in the world while living a fulfilling life.
He worked hard to be good at martial arts in his teenage years. He learned kickboxing, karate and taekwondo. He is a taekwondo black belt and has won four Massachusetts state championships as well as the United States open championship in 1986. His ability to make his friends at the taekwondo classes encouraged him to try his hand at stand up comedy since he always made them laugh.
He worked hard for 6 months for his first stand up comedy at an open mic night at a comedy club in Boston. At that point he continued to do stand up comedy and teach martial arts at the Boston University and did other casual jobs to gain financial stability.
After signing a deal (exclusive developmental) with Disney he became famous. This could never happen if he didn’t do martial arts and meet his classmates who told him you are good at making people laugh. So, he leveraged on his network. You must have payed attention to the fact that he kept working as a teacher, stand up comedian while doing other casual work to be able to pursue his passion. And this payed off and he signed a deal with Disney!
It looks cool right!
However, it wasn’t cool at all before the deal. It had always been painful for Joe Rogan trying to find his way to a fulfilling life.
Tips: How to let great things happen to you?
- Start something! Or work for someone and learn from him.
- Execute on your idea or go to work for someone with the only purpose of learning.
- Be patient. If you hate what you do stop doing it but if you just feel impatient or lazy get back to work!
- Eliminate failure causes! Do what works not what you just think is right and always allow room for inspiration.
- Move to the next one and try to leverage on what you’ve learned.
- Repeat the previous steps.
- Don’t lose hope!
You build experience and you leverage on your knowledge and network. This is the only way to go!
What I’m good at is pattern recognition of business over the past 25 years, mine and others. I’ve done small business, family business. I was in Silicon Valley. I did Madison Avenue for a reason. I knew nothing about corporations. I couldn’t speak smartly seven years ago about Nike and Adidas. Now I can tell you everything. Now I am dangerous. Now I’ve got all the blueprint across all entrepreneur, SMB, Silicon Valley Tech, and Fortune 500. Now I understand everybody’s strengths and weaknesses. Now I can start my career at 50. That’s the plan. So when I talk about patience I’m like : “think about what I just said!”
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