The best reason to start a company is to solve a problem that you genuinely, to your core, care about, and you can’t see another way to do it. People who find this are truly blessed.
And then there are the rest of us, and we are complicated. Here is my take.
The motivations for starting a company are complex – there are “light” and “shadow” forces.
Continue reading “Entrepreneurial Motivations: Light and Shadow Forces”
Wake up every day, consumed by “You, Inc”.
If your goal is to make the leap from labor to capital, from selling time to making money with your assets, then get into business for yourself as soon as you can.
Don’t get into the perfect business, don’t get into your life’s work, just get into business.
Wake up every day, consumed by “You, Inc”. Have every thought process working towards your north star, building your little empire.
Continue reading “You, Inc – Getting Into Business”
Businesses that are two-sided marketplaces, built around network effects and transaction fees (Uber, Lyft, eBay, Airbnb), will be especially vulnerable to disruption from businesses built around crypto tokens.
I have spent much of the past six months trying to understand the world of Bitcoin, Ethereum, alt-coins, crypto currencies, crypto commodities, and crypto tokens.
If history teaches us one lesson, it is those who adapt will survive, and those who fight tooth and nail for the status quo will flounder when the world invariably changes. If many smart people say that something “is the future”, it is generally worthwhile to try to figure out why.
Continue reading “How Crypto Tokens Will Enable the Disruption of Businesses like Uber and Airbnb”
I thought long and hard about what would most help a Bootstrapped Service Business (“BSB”) like ours grow faster and create more jobs, and it all comes down to improving access to meaningful investment capital – not small changes to tax rates, increasing deductions, payroll tax holidays, or tweaking regulations
‘Tis the season for tax reform, and in tax reform season, politicians talk about how changing the tax code will help small businesses grow and create more jobs.
I thought long and hard about what would most help a Bootstrapped Service Business (“BSB”) like ours grow faster and create more jobs, and it all comes down to improving access to meaningful investment capital – not small changes to tax rates, increasing deductions, payroll tax holidays, or tweaking regulations (which doesn’t even help if you happen to be a vassal with a feudal lord like the state of CA or NY…side gripe for another time).
Continue reading “Two Major Ways We Can Help Small Businesses Grow”