I don’t know if it is true or not, but a pretty famous economist said it, so it must be pretty close.
When I think of my failures, I’d say I did not think enough, or I was blinded by optimism and discounted what could go wrong – or at least I thought I could fill in the blanks along the way.
Sometimes I leaned on a partner who was an industry veteran, who I thought would bring the answers we needed. I can think of three times where that did not work out.
Often times, partners cling to each other in the beginning, hoping that the other would have the answers they didn’t. But when they find out that neither does, trouble ensues.
Think it through. Don’t say yes so easily is what I’d tell myself.
Selecting the right business to work hard in is a key decision for your entire life.
Thank you for the shoutout, Larry!
I’m grateful for you and for the network of friends and relationships that have been built through a shared goal of helping others. How lucky are we to wake up every day and make a difference in someone’s life?
The last line is the key. Do that thinking first and do not fail to do that thinking. I have 40 years of modest success in a business made for such an outcome but definitely wanted more blue sky above. The fact of this does not make my life a failure, but for the young person do, do by all means do think long and hard (in an abbreviated manner, you don’t have forever after all) about the kind of business you are getting into. Look at the older people doing it, or one like it, really dig into it to begin with. Then go stomp a mudhole in it with both feet!