1/ What I wish I knew when I was younger 👇🏽
David Cancel
20.7K posts
David Cancel
@dcancel
Serial Entrepreneur. Investor. Trustee @WhitneyMuseum, Former Entrepreneur-in-Residence @HarvardHBS. 🇺🇸🇵🇷🇪🇨
- The hardest thing for an entrepreneur is not what you think. No one ever talks about it but this will make or break you. People? Process? Product? Nope. It's dealing with the emotional turmoil. Managing the emotional rollercoaster is the hardest skill you must master.
- If you work in Product use this daily mantra: We are not here to build Products. We are here to solve Customer Problems. We are not here to build Products. We are here to solve Customer Problems. We are not here to build Products. We are here to solve Customer Problems.
- Expect to be terrible the first time you try anything. And the second and third time. If you want to get good at anything it will require a bruised ego. Keep showing up if you want it.
- Replying to @dcancel10/ * Psychology. Study it and restudy it. Understanding Social Psychology, human decision making, and cognitive biases is worth more than all the leadership, business and self-help books in the world. Seriously.
- Show up. Show up when it's hard. Show up when you're scared. Just keep showing up. Show them your truth. Do it by showing up and not backing down.
- I've been able to lead an incredibly fortunate life since I started following these 3 simple rules: "1) Don't sell anything you wouldn't buy yourself. 2) Don't work for anyone you don't respect and admire. 3) Work only with people you enjoy." - Charlie Munger
- My best advice for leaders: When things go wrong *take* all the blame... When things go right *give* away all the credit.
- Remember the four rules for brainstorming: (1) No negative thinking; (2) The wilder the ideas, the better; (3) A large number of ideas is essential; and (4) Combination and improvement of ideas is what you're after. From: How to Completely Change Your Life in 30 Seconds
- Don't confuse activity with progress. Just because you are doing more doesn't mean you are getting more done. Progress happens when your goals are clear, your activity is laser focused and consistent.
- Replying to @dcancel2/ * Read every day. It doesn't matter what. It doesn't matter if you "finish the book". Just read.
- Number of entrepreneurs I've met: 1000+ % with a 4 hour work week: 0 % with fully automated income: 0 % who were overnight successes: 0 % who just got lucky: 0
- Replying to @dcancel3/ * Find mentors who have achieved success in what I want (love, happiness, community, parenting, financial)
- Replying to @dcancel9/ * Great opportunities are much rarer than you think. Go all-in when you find the few in your lifetime.