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May 26, 2019 14:46:33

Entrepreneurship and the Roller Coaster Life

by @basilesamel PATRON | 297 words | 454🔥 | 505💌

Basile Samel

Current day streak: 454🔥
Total posts: 505💌
Total words: 231533 (926 pages 📄)

It's one thing to know building a company is hard, it's another to actually go through the process.

What's so hard about entrepreneurship is the lack of stability, and it's not trivial to understand if you never built a business before.

Building a tech startup is taking a ride on a roller coaster. You go up, then down, then up, constantly, for a long stretch of time, and you never know when your stomach is going to return your meal.

The entropy tires you to the bone. It starts with your mind: one day you go through a dopamine high, then you spend another one fire-fighting. The fatigue accumulates, until your body can't hold it anymore and you burn out.

Your startup status constantly goes on and off - at least from your position as a founder, metrics should tell otherwise - and you don't know what to say when a parent asks you about the wellbeing of your venture: it's a damn Schrödinger cat! What am I even supposed to say? I just say everything is fine and goes on with it. Talk is cheap, data doesn't lie and is devoid of ego.

This is why it's important to cultivate a stoïc mindset. Emotions, status, opinions, feedback, ego… as a founder, you must always nurture a stable frame of mind. Let it all flow through you, detach yourself from what limit your execution skills.

Most experienced entrepreneurs know it's important to have a routine. The market is always chaotic, all you can build upon is yourself.

Developping a thick skin, not giving a f*, having a high pain threshold… the metaphors are many. As a wannapreneur, just keep that in mind. Creating a venture is a long odyssey, and you need to develop mechanisms to stay the course.

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    @basilesamel sooo spot on! I always thought being an entrepreneur is one of the best ways to practice how to cultivate a calm, stable mind in the midst of uncertainty and impermanence. What are some of the things you would do when everything goes down?

    Jason Leow avatar Jason Leow | May 26, 2019 22:35:13
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      @jasonleow any natural way to stabilize your dopamine: a nice meal, a movie, nature, friends, sleep... just put everything on hold and don't feel guilty about it.

      Basile Samel avatar Basile Samel | May 26, 2019 16:40:13
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      @basilesamel nice. sounds like you have a good sense of moderation and being able to walk away for a while guilt-free. A super useful skill to have for an entrepreneur! 👍

      Jason Leow avatar Jason Leow | May 26, 2019 22:43:26
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      @jasonleow yeah I mean, it's kind of a trade-off. You must be intolerant when it comes to sitting down and putting in the work, but at the same time, you have to listen to your body when it tells you to rest.

      Basile Samel avatar Basile Samel | May 26, 2019 17:15:43
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      @basilesamel yes so true. i think being able to walk that balance well is usually hard for entrepreneurs, because we're used to ignoring bodily signs and driving ourselves hard than taking a rest.

      Jason Leow avatar Jason Leow | May 26, 2019 23:21:42
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    @basilesamel How do you deal with burnout?

    Sid avatar Sid | May 26, 2019 19:50:09
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      @sid Never had one :) There are of course moments where you feel incredibly tired. All I do is resting when it happens.

      Basile Samel avatar Basile Samel | May 26, 2019 16:30:27
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