From 600+ conversations with the world’s leading thinkers.
When nine people say no, I say yes and make it happen. I just keep going.
For the creator economy, NFTs represent a way for creators and producers of content to directly engage with the people who support them. It's a completely different model… a way for artists and creators to monetise much more effectively than incumbent platforms.
Had the first astronauts or explorers listened to advice, chances are they would never have embarked on those world-changing adventures. The same is true of entrepreneurs. First and foremost, entrepreneurs are entrepreneurs because their gut had an insight or an idea that's driven them.
By far the most common is underestimating expenses. When industries do barely double-digits if their lucky, business plans ought not to be showing EBIT or EBITDA of 50-70% – that doesn't mean people are smart, it means they haven't understood the industry.
there are no good musicians who do not have a good ear, no artists without a great imagination, no writers without an excellent command of the language. The same goes for our trade. It is not enough to know how to use a calculator or build sound financial models. You need to have vision. You should look at a business process as if it were a living thing; you need to sense its music.
Having forefathers as merchants that forged their own paths pushed me to pursue a similar journey. At this point I got a lead that there was a lot of potential in catering, and so in 1982 I set out to make my mark competing with major international companies.
When you're starting out, your ambition shouldn't be defined by someone else's success criteria. That's something I struggled with, and still do.
My best ideas, and most successful opportunities have come- usually- from the most unexpected areas.
The sacrifice is perhaps a decade- and it's a total sacrifice- you may not see your kids, you may miss an entire cycle of your lives, but you're doing it to provide for them in the future in a way you never could if you were an employee.
That was when I thought, 'am I going to be someone who only wants to do music when it's all going well? And only when it's served to me on a plate? Or do I want to do this… no matter what…' For me, there was nothing else, I wanted to make music.
Instead of saying 'I'm a technology entrepreneur…' you might say, 'well, I run a technology business, but I love philosophy and playing the piano…' the person you're speaking to now has a few more dots to connect!
I particularly like the six-month shift for operational decisions. But for life choices, look at Jeff Bezos. When deciding to start Amazon, he projected himself into the far future. He asked: 'When I'm 80, what will I regret more — starting the company and failing, or never starting it at all?'