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24 Things I Know Now That I Wish I Knew Then - Rand's Blog

Stashed in: Founders, 106 Miles, #success, Relationships, Business Advice, Values, Narcissists!, Interesting...

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My favorite is that money is not success:

Don’t conflate revenue with success, especially not long term. Many of the best things we’ve done have cost or lost money in the short run, but built a better brand over the years because of it.

Money can't buy love but it can buy time:

Spending money to buy time has some of the highest ROI I’ve encountered.

Investing where others do not is usually the best way to succeed.

Investing where everyone else already does is usually the best way to be mediocre.

Avoid overconfident people narcissists:

Those who think very highly of themselves tend to make for poor employees, partners, service providers, friends, spouses, etc.

No one succeeds on their own. Avoid those who believe they have (or will).

This sounds like something out of Dale Carnegie:

Being genuinely interested in other people is very powerful and highly enjoyable. I can’t recommend it enough.

I agree that the top thing a startup should look for is others who share the same values:

Aligning yourself with people who share your values and your prioritization of those values far outweighs aligning yourself with people who share your vision for a particular product, roadmap, or financial goal.

I never realized this:

“If you ever catch yourself refreshing a comment stream or message board post over and over waiting to argue – they’ve already won.” – I’m stealing this one from Rae, but only because I so vehemently agree, and I’ve lost so many times to this rule without realizing it.

A good rule of thumb is to act as if your legal documents are unenforceable:

Pretend that all your legally enforceable documents (which you should take care of) will never be practical or worthwhile to enforce. This will push you to work with people you believe will always be trustworthy and ethical to the spirit of these agreements.

Nothing worth having comes easy.

Relationships (of all kinds) take work. Customers take work. Building a team takes work. If it’s easy, it’s often not worth having and almost never a competitive advantage.

Question assumptions and demand evidence.

If you advise others in their business, formally or informally, whether on the team, the board, or neither, you do a disservice when you don’t question assumptions and demand evidence. Critical feedback, hard questions, and tough conversations make us better at our work.

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