Entrepreneurship

cocaine_face · 2015-05-24T15:39:47+00:00

Good stuff, thanks. The thing about being an entrepreneur, is you have to work 16 hour plus days to make ends meet, at least for the first year (more if you're not successful). That's why I always recommend getting a 9-5 so you can pay your bills, and put another 40-60 hours each week into business endeavours. You can get a lot more done when you're not stressed about finding food, paying rent, and getting to market as fast as possible.

2015-05-24T16:06:20+00:00

All the books and TED talks in the world will not help you overcome the requirements of successful business: capital, network, viable product, sales, law, accounting. You better have some domain expertise in something or access to people who do. Just thinking about all this is exhausting.

Shade_Raven · 2015-05-24T14:32:42+00:00

I got tired of all the posts that said something like " Just make your own business and make six figures , its easy"

ScholarInRed · 2015-05-24T14:33:01+00:00

If you need more resources than OP has provided, you were never going to be an entrepreneur.

InscrutablePUA · 2015-05-24T18:40:31+00:00

This is a fantastic compilation of entrepreneurship resources.

HOWEVER

You absolutely do not need to read all of this before getting into the game. In fact if you do, you will probably be paralyzed by information overload.

You need to read just enough to get started, then LEARN ALONG THE WAY. The best entrepreneurs take decisive action and correct later, rather than spend eons mired in analyzing data.

PlusGoody · 2015-05-24T18:25:58+00:00

The iron laws of entrepreneurship are:

faster, better or cheaper: profit is driven by improvement, not innovation
almost all great fortunes rely upon the creation of economies of scale

scummcdirt · 2015-05-24T22:53:37+00:00

Expect to fail, but stand up again and start again!

That is so god damn expensive. These people are fucking liars, or have a funny definition of "failure".

DO not be yourself. Do not follow your dreams. Dreams turn into nightmares, fast. No, sit down, and ask yourself, how the fuck is this idea going to contribute to the local society? will people find it useful? will it solve a problem?

Or is this just another stupid ass cupcake bakery, that will not survive three months.

There is no mercy in business. The weak are mercilessly beaten, and an entire industry of scavengers will show up to pick the bones clean, and maybe even sell the bones if someone wants to buy them.

CHAD_J_THUNDERCOCK · 2015-05-24T15:25:24+00:00

I really highly recommend Tropical MBA's podcast (and the website is pretty good): http://www.tropicalmba.com/

Listen to these on your commute.

the99percent1 · 2015-05-25T01:18:08+00:00

Entrepreneur is feel good bullshit..

I use the term businessman instead. You are a man who does business for a living.

dapperbrogrammer · 2015-05-24T15:27:31+00:00

I agree with you, good post. I co-founded a business a couple years ago while in university and it was a lot harder than I thought. It failed within a year. We didn't have enough skills and experience, but the founding experience really pointed out the things I need to improve to succeed. Maybe I'll give it a new go in a couple years.

If you have experience in the industry you're going for, and you can do sales & marketing, go for it. You have a chance of success. If you're thinking about founding a business in an industry where you have little to no experience, and don't feel very confident in your sales & marketing, you will have a hard time. Consider founding a business later when you're better at those.

account_rp · 2015-05-24T22:28:39+00:00

When you want to open a business and head over to the subs entrepreneur, startups or smallbusiness you will find tons of feel good bullshit that tells you to just start a business, opportunities are everywhere and motivation is everything, just be yourself and you will be successful. Expect to fail, but stand up again and start again!

With the other business subs being the travesty that they are I think that there needs to be an RP sub focusing on business, and another focusing on work. Those 2 need to get into the ugly realities of both like dealing with people trying to steal your company, nasty office politics, and more. Things that the feel-good BS crowd are afraid to talk about.

Unfortunately I'm not the right person for the task.

2015-05-24T16:49:26+00:00

An "Entrepreneurship Guru" is like an Amway rep: he doesn't open up about all the grueling and often unrewarding work. He talks about the lifestyle goal and your motivation.

This is a great post. Thanks for the resources.

we_need_more_lumber · 2015-05-24T13:30:31+00:00

Wow, this is a really helpfull, all-in-one post. Thanks!

cbnyc0 · 2015-05-24T14:41:08+00:00

Any RP advice on hiring and building an effective team?

2015-05-24T15:14:23+00:00

This is very helpful. A lot of times the only thing holding me back from learning new skills is not knowing what way to prepare and what information is necessary. Finding the information is now the easy part. Guides like this are a perfect combination of super available information coupled with the structure of an actual course. Kudos, keeping this post bookmarked.

trpdownunder · 2015-05-24T23:33:02+00:00

As someone who just got let go from an inside sales position yesterday, this post is a gold mine. I've saved it an will read through it all. Thanks a lot man, this is the direction the sub needs to be going in. Concrete steps towards improvement.

king_of_red_alphas · 2015-05-24T19:54:12+00:00

Post of the year candidate.

This is TRP at its best. Looking at common obstacles and challenges (not just pussy) men face and observing it through a Red lens.

No feel good bull shit, no whining, just cold observation and analysis - warts and all.

grewapair · 2015-05-24T20:47:56+00:00

I've had my own businesses for the last 19 years. It's rewarding, but women hate it. I have yet to take a single day of vacation in all those 19 years. I work every weekend, at least one day, frequently both days, and have never taken a federal holiday in 19 years. That's not a recipe for a successful relationship.

But it's been my choice for all these years. It's more rewarding than other alternatives I could easily do. But you do have to make hard choices.

DaphneDK · 2015-05-24T14:02:30+00:00

I'm doing some IT startups. The tech startup scene is almost completely vacant any female presence. Don't know if it is the tech part, the risk part, or the not particular social work (I mean, not a lot of collegues) aspect.

brothernate76 · 2015-05-24T18:14:16+00:00

As an entrepreneur who bootstrapped a business with $200 and now makes six figures, I endorse this post.

ankit0912 · 2015-05-25T02:26:17+00:00

I'm wondering why no ones mentioned peter thiels book Zero to one

2015-05-25T11:50:51+00:00

ted talks? you're full of shit

dannydavis · 2015-05-24T13:50:27+00:00

I'll be sure to check this out. Thanks

GiskardReventelov · 2015-05-24T15:53:25+00:00

Great post, thanks. Don't have time to check out all the links, but I'll definetly save this post.

krabmonster · 2015-05-24T16:17:44+00:00

This is such a great sub thanks a lot for all this info op

toastledrums · 2015-05-24T17:41:01+00:00

Good resources/links. Now to find time to go through them ;)

Blufunk · 2015-05-24T17:48:45+00:00

I wanna thank you for the links dude! I'm 19 and took the red pill a few months ago.I started to read a lot. "Zero to one" by Peter Thiel (Co founder of Paypal and Plantir), inspired me heavily to start a business (A intressed I had since I was twelve). But it didn't only inspire me, it also showed me the structures and traits of billionaire companies. It was really insightful compared to that blue pill crap they teach us in The Netherlands.

I wanna start as soon as possible and move to another country. I gotta take risks and fuck up a little while I'm young. Even if I have to take loans.

ankit0912 · 2015-05-24T18:01:50+00:00

Thanks OP for including such a goldmine of information. I'm just going to start an online e-commerce venture and this is just perfect timing for me.

gokurakumaru · 2015-05-25T00:07:28+00:00

I don't agree with what you said about "quality certificates" being something customers don't look at. If you're an IT venture trying to sell to any kind of corporate, word of mouth with people who work there will get you a look, but it won't get you a gig. Especially in regulated industries. You have to treat ISO/SOC/SSAE/PCI compliance and pen tests have as the costs of doing business, not just box ticking.

If you're just selling yourself as a low cost option to retail consumers or small/medium businesses that's a different matter entirely.

foldpak111 · 2015-05-25T02:43:01+00:00

The economy has gotten to the point where the only thing I feel safe doing is special operations work for the experience, then PMC work for a big salary. Ironically enough it's about as dangerous as it gets.

gangstaman9000the2nd · 2015-05-25T06:50:45+00:00

I started a street pharmacy

rockumsockumrobots · 2015-05-25T07:05:09+00:00

As someone who has been seeking the self employed lifestyle, I will look hard into this post.

TRP is eerily similar to Entrepreneurship. It's all about improving yourself, understanding how the world really works and never giving up. As for starting your own business, best advice I can give anyone else is to keep trying new things. That is what I'm doing right now, and saving like mad. I've tried Amazon Associate/Flipping/RA, doing uber right now to earn some cash, webhosting, PPC marketing, you name it I've dabbled in it.

Start on someone else's ship then try to float your own boat. Nobody ever built their own boat by jumping naked into the ocean and praying for it to work. That's why I can't stand all of the "You go girl!" bullshit pushed out there. Working sucks, starting your own business can suck, trying to make it can be depressing and lonely as fuck, not getting enough sleep, feeling empty. Hell, I may never start my own business or cash producing properties and go hopping country to country like a worry free trust fund kiddie, but I'm sure as fuck gonna try!

Go take up a hobby, or craft, or passion, like TRP says. Look within that niche and find opportunities. Be an authority, or provide a service, or product etc. If you can't do that try doing what everyone else is doing, i.e. landlording, flipping on amazon, car share, article writing and then try to automate them. If you can't even do THAT, then kiss ass until you work your way high enough in a company to live close to the lifestyle you want.

Just my 2 cents.

2015-05-26T08:23:30+00:00

As a owner of new Start-up - thanks for this resource of a post. I will keep it up in a tab for a long time to draw from the resources.

Insanity_-_Wolf · 2015-05-29T05:18:50+00:00

The game is all there is or ever will be

jianinglai · 2015-05-29T21:41:04+00:00

Good stuff. Thank you for sharing.

B0KAM · 2015-05-24T14:05:39+00:00

HOLY FUCK , I'VE FOUND YOU

Thank you, Thank you, Thank you, Thank you, Thank you, Thank you!

human_bean_ · 2015-05-24T17:13:30+00:00

TED is mostly feel good bullshit for rich people. I wouldn't search any wisdom in it. At best it's a springboard for actually getting in depth with some of the interesting ideas and people. You will get nothing useful out of it. It's too short and too shallow.

I just read a good book: Rich dad, Poor dad. Probably learned a lot more from that book than all the TED talks combined.

somethingofvalue · 2015-05-25T08:24:48+00:00

[permanently deleted]

halbo · 2015-05-24T15:12:53+00:00

[permanently deleted]

CopperFox3c · 2015-05-24T14:07:27+00:00

[permanently deleted]

Title	Entrepreneurship
Author	alreadyredschool
Upvotes	506
Comments	118
Date	May 24, 2015 11:59 AM UTC (8 years ago)
Subreddit	Posted in /r/TheRedPill
Original Link	https://old.reddit.com/r/TheRedPill/comments/3731ce/entrepreneurship/
Archive Link	https://theredarchive.com/r/TheRedPill/entrepreneurship.32893 https://theredarchive.com/post/32893