Europe

Memo to my adult son in future

ENTREPRENEUR - 2Dear Son,

Entrepreneurship struggle is for fools. You have to be a fool to choose the path and be lucky enough to meet more foolish people who either believe in you or believe in your product.

Stupidity is not a virtue. No matter how it is glorified or painted. Be smart. Hedge. Going “all in” is the greatest stupidity ever but do it only when you do not have a choice. I had choices but I thought I didn’t.

Great entrepreneurship is actually seeing all your choices clearly and working out compromises to maximize value. Don’t be afraid to work for someone first. Let them take all the risks while you learn. Your greatest asset in this world after “time” is “knowledge”.

ENTREPRENEUR - 3Absurd risk is only taken by fools. Don’t become a professional risk taker. Be a professional at identifying and mitigating risks. Learn about risk. Master it. Take chances but never let your back be against a wall you cannot climb over. Be determinate but not suicidal.

Relationships are important. Cultivate them. Cherish them. Don’t be manipulative, it never ends well. Everything you will become is because of relationships. Everything you will gain is because of relationships. True entrepreneurship is about building and extending relationships.

Empathy is not foolishness. Trust is built from empathy and sincereness. Trust is the foundation of relationships. Be trustworthy and keep your word. It is the key that opens all the right doors.

You can be anything you want to be but never become a struggling entrepreneur, be a smart one. Do it at the right time. I have suffered enough for all of you.

PS: Avoid MBA. Your mum and I have been there. Great entrepreneurship chooses you. You don’t choose it.

By Victor Asemota

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s