Loan 365

We are allowed to provide advice, right? Pete graduated last year, went traveling and is back now on the job hunt. I have been giving him odd tips, even though the game has changed since my days:

Don’t listen to old people Love your parents and mentors but remember that the world as they knew is long gone. Job security, gone. Retirement with a gold watch, adios. High percentage of job placement out of college, that’s a funny joke. No, they don’t know what they are talking about anymore. Worry about your actual reality, not the extinct one of those before you. Don’t be pressured into following a dead-end career path because your parents believe you need to validate your diploma. You’ll only be hurting yourself. Work hard to make your own living instead of begging others to give you one.

Fame and fortune If you’re on a quest to be famous or a millionaire by 30, allow me to offer you some free advice: you’re a hopeless dreamer who won’t have any shot in the real world unless you get your act together. A business doesn’t need to be “sexy” to make money; the vast majority of successful cash-flow-positive businesses aren’t. Stop living in a fantasy world. No one will care about you unless you make them care. You need only concentrate on two things: putting all of your efforts into creating a business with immediate revenue-generating capabilities and keeping your head deflated with your feet on the ground. Letting this millionaire fantasy get to your head will destroy your decision-making abilities and put you in the poor house faster than you can say, “Do you want fries with that?”

Get focused Worry about one real business. Not an idea, one business! And not five companies simultaneously, just one! You can’t be a serial entrepreneur until you actually have one successful business to your credit. Instead of spreading yourself thin, put everything you’ve got into one thing and stick to it. Dedicate your full mind, body, and spirit to the cause.

Be unoriginal Stop right now if you have plans to revolutionize the wheel. You don’t need to. Keep your offering simple and easy for customers to understand. Don’t feel like you have to disrupt an entire industry or reinvent the wheel to be successful. The vast majority of businesses in the world produce products and services that are cheaper, faster, or better than some other guy. Don’t kill yourself trying to change the world or creating the next Twitter. You won’t, nor will you make any income trying. Provide a simple service to a targeted niche and expand over time. Remember: unoriginal works, unoriginal can be profitable.

No one will invest in your idea No one will give your startup money. You need to create a business that isn’t dependent on big investments or unattainable traction. Starting with nothing is not an automatic disadvantage. Often it will make you stronger, more resilient, and more adaptable to change than well-entrenched competitors. Figure out what you can produce with your own two hands, not with someone else’s imaginary wallet.

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