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LESSONS LEARNED IN 20 YEARS AS AN ENTREPRENEUR 5 IAN LURIE CEO, PORTENT @PORTENTINT

5 Lessons For Entrepreneurs

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Page 1: 5 Lessons For Entrepreneurs

LESSONS LEARNED IN 20 YEARS AS AN ENTREPRENEUR 5

IAN LURIE CEO, PORTENT @PORTENTINT

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WHO IS THIS GUY? @PORTENTINT CEO, FOUNDER, PORTENT, INC. WWW.PORTENT.COM

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SINCE 1995

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SINCE. 1995.

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I’VE BEEN THROUGH A LOT (AND I’VE HAD MY MOMENTS)

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SOME STUFF IS FINALLY SINKING IN

guess i shouldn't have

done that

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MY 5 LESSONS just mine. your results may vary.

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ENTREPRENEURS these lessons are for

you don’t have to be one

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BELIEVE IT 1 IT’S WHAT GUIDES YOUR WORK

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IT’S PERSONAL don’t let anyone tell you different

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LIVE IT in the way you work

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KNOW WHY you’re doing this

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LOVE IT enough to learn it

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LOVE IT enough to teach it

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THE CUSTOMER IS NOT ALWAYS RIGHT

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WHEN YOUR GUT SPEAKS LISTEN

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BALANCE 2 LIFE, WORK AND HEALTH

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YOU CAN WORK any 100 hours/week you want

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YOUR FAMILY must support what you’re doing

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YOU STILL have to clean the toilet now and then

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YOUR 1ST DUTY is to remain standing

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YOU’RE NOT CAPTAIN AMERICA YOU’RE A GRUNT

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TREAT YOURSELF you deserve it

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YOU DON’T HAVE A.D.D. you’re just disorganized

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BECOME A MASTER TIME MANAGER it’s your most precious resource

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GROWTH 3 MUST BE SUSTAINABLE

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YOU ARE TAKING RISKS NOT CRASHING CARS be smart

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HIRE FOR INTELLIGENCE NOT SKILLS anything can be learned. if you can think.

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HIRE FOR EQ NOT POLISH they can always wear a suit

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TEACH THE SH#T OUT OF EVERYTHING

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LEARN THE SH#T OUT OF EVERYTHING

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WORK AT THE EDGES DELEGATE THE MIDDLE

expertise leadership execution

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DO THE MATH it doesn’t lie (but it may fib)

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SET CLEAR, MEASURABLE GOALS for yourself and others

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CHANGE IS GOOD until it’s not

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DON’T WAIT FOR THE PERFECT TOOL forever is a long time

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CASH FLOW IS KING you can’t breathe without air

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TRUST 4 BUILD IT. DEMAND IT.

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INTEGRITY IS THE ACE it’s not a renewable resource

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DON’T FART IN PUBLIC people remember that

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IF YOU CAN’T TRUST THEM FIRE THEM employees or clients

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SET CLEAR STANDARDS ‘be great’ doesn’t do it

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CRAZY ISN’T MOTIVATIONAL no one likes working for a nutjob

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TAKE A TIME OUT before you explode

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NICE IS NOT HELPFUL it’s destructive

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LEADERSHIP 5 IN ALL THINGS

photo by richard masoner

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LEAVE YOUR EGO AT THE DOOR it’s distracting

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LISTEN, THEN DECIDE please. pre please.

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YOU DO KNOW WHAT YOU’RE DOING even when you don’t

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FOUNDERS MUST BUILD THE THING it’s hard to run the business otherwise

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CEOs MUST KNOW THE WORK otherwise they make bad decisions

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REVEAL TO DISCOMFORT it beats hiding

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THINGS GO WRONG it’s how you react that counts

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NEVER EVER EVER EVER stop learning in public

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THE PEOPLE who taught me

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BEN HOROWITZ THE HARD THING ABOUT HARD THINGS

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PATRICK LENCIONI EVERYTHING HE’S WRITTEN

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GUY KAWASAKI ENCHANTMENT

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STEPHEN AMBROSE D-DAY

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DORIS KEARNS GOODWIN TEAM OF RIVALS

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STEVEN JOHNSON THE GHOST MAP

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ALL OF HISTORY great leaders are great teachers

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MY WHOLE FAMILY through patience & occasional lack thereof

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EVERYONE I’VE WORKED WITH with judicious eye-rolling & support

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MIND YOUR PARTNERS and yourself

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LOVE WHAT YOU DO to your core, without question

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DO IT WELL and beer every day

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STAY HUMBLE enough to learn

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STAY ARROGANT enough to lead

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THANK YOU

ian lurie @portentint [email protected] www.portent.com