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You learn some pretty hard lessons in 20 years of entrepreneurship. Hopefully, you can avoid some of my mistakes by reading this presentation.
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LESSONS LEARNED IN 20 YEARS AS AN ENTREPRENEUR 5
IAN LURIE CEO, PORTENT @PORTENTINT
WHO IS THIS GUY? @PORTENTINT CEO, FOUNDER, PORTENT, INC. WWW.PORTENT.COM
SINCE 1995
SINCE. 1995.
I’VE BEEN THROUGH A LOT (AND I’VE HAD MY MOMENTS)
SOME STUFF IS FINALLY SINKING IN
guess i shouldn't have
done that
MY 5 LESSONS just mine. your results may vary.
ENTREPRENEURS these lessons are for
you don’t have to be one
BELIEVE IT 1 IT’S WHAT GUIDES YOUR WORK
IT’S PERSONAL don’t let anyone tell you different
LIVE IT in the way you work
KNOW WHY you’re doing this
LOVE IT enough to learn it
LOVE IT enough to teach it
THE CUSTOMER IS NOT ALWAYS RIGHT
WHEN YOUR GUT SPEAKS LISTEN
BALANCE 2 LIFE, WORK AND HEALTH
YOU CAN WORK any 100 hours/week you want
YOUR FAMILY must support what you’re doing
YOU STILL have to clean the toilet now and then
YOUR 1ST DUTY is to remain standing
YOU’RE NOT CAPTAIN AMERICA YOU’RE A GRUNT
TREAT YOURSELF you deserve it
YOU DON’T HAVE A.D.D. you’re just disorganized
BECOME A MASTER TIME MANAGER it’s your most precious resource
GROWTH 3 MUST BE SUSTAINABLE
YOU ARE TAKING RISKS NOT CRASHING CARS be smart
HIRE FOR INTELLIGENCE NOT SKILLS anything can be learned. if you can think.
HIRE FOR EQ NOT POLISH they can always wear a suit
TEACH THE SH#T OUT OF EVERYTHING
LEARN THE SH#T OUT OF EVERYTHING
WORK AT THE EDGES DELEGATE THE MIDDLE
expertise leadership execution
DO THE MATH it doesn’t lie (but it may fib)
SET CLEAR, MEASURABLE GOALS for yourself and others
CHANGE IS GOOD until it’s not
DON’T WAIT FOR THE PERFECT TOOL forever is a long time
CASH FLOW IS KING you can’t breathe without air
TRUST 4 BUILD IT. DEMAND IT.
INTEGRITY IS THE ACE it’s not a renewable resource
DON’T FART IN PUBLIC people remember that
IF YOU CAN’T TRUST THEM FIRE THEM employees or clients
SET CLEAR STANDARDS ‘be great’ doesn’t do it
CRAZY ISN’T MOTIVATIONAL no one likes working for a nutjob
TAKE A TIME OUT before you explode
NICE IS NOT HELPFUL it’s destructive
LEADERSHIP 5 IN ALL THINGS
photo by richard masoner
LEAVE YOUR EGO AT THE DOOR it’s distracting
LISTEN, THEN DECIDE please. pre please.
YOU DO KNOW WHAT YOU’RE DOING even when you don’t
FOUNDERS MUST BUILD THE THING it’s hard to run the business otherwise
CEOs MUST KNOW THE WORK otherwise they make bad decisions
REVEAL TO DISCOMFORT it beats hiding
THINGS GO WRONG it’s how you react that counts
NEVER EVER EVER EVER stop learning in public
THE PEOPLE who taught me
BEN HOROWITZ THE HARD THING ABOUT HARD THINGS
PATRICK LENCIONI EVERYTHING HE’S WRITTEN
GUY KAWASAKI ENCHANTMENT
STEPHEN AMBROSE D-DAY
DORIS KEARNS GOODWIN TEAM OF RIVALS
STEVEN JOHNSON THE GHOST MAP
ALL OF HISTORY great leaders are great teachers
MY WHOLE FAMILY through patience & occasional lack thereof
EVERYONE I’VE WORKED WITH with judicious eye-rolling & support
MIND YOUR PARTNERS and yourself
LOVE WHAT YOU DO to your core, without question
DO IT WELL and beer every day
STAY HUMBLE enough to learn
STAY ARROGANT enough to lead
