Entrepreneur – Life, Fitness – Keep It Simple Stupid

Aristotle on management: Wittiness

There are truckloads of books, seminars and courses on the latest and greatest management methods. But is the latest and greatest really what we need or are developments in management theory primarily making the wheels spin for the people who invent them and the institutions that rely on teaching them. Can a man that lived almost 400 years BC teach us anything that is just remotely useful in our fast-paced technological wonder-World?

I sure happen to think he can and I will try to convince you as well. Just because someone lived several hundreds years ago without the technology of today, doesn’t mean that they cannot teach us a thing or two about life. I would almost go as far as to say that exactly because they lived in a world without so much technology fighting for their attention, they will have had way more time for deep thought and contemplation. And lots of our worries, problems and annoyances are the same wine only disguised in new technological bottles.

First let me give a small introduction to who this man actually is. Some of you may have heard his name or learned about him in school, but for those of you who had as high(low) an interest as me in old historical figures during your school years I will just briefly brush up the memory a bit. Of course taken from my deep, deep knowledge and in no way read and paraphrased from Wikipedia…

Aristotle was a Greek philosopher that lived from 384 BC to 322 BC. He was a pupil of Plato (you can look him up as well – I won’t go back through all of these and play Six degrees of separation or popularized as the Kevin Bacon Game to end up linking Aristotle to Kevin Bacon).

Later he tutored Alexander the Great. He spent his life thinking, teaching and writing and in relation to this article, wrote the book The Nicomachean Ethics from which some of the following originates.

Aristotle made a list of virtues listing the mean(virtue) but also either end of the spectrum – too much and to little of each. One of these is represented in the title of this post and is what this piece will be about, namely; wittiness.

Wittiness represents the mean between the bore on one end and the buffoon at the other. But why is this important in relation to management? Yeah, let’s dive into that.

If you have had more than one boss in your working career you have probably already experienced a big difference in management styles, if you have had several years of working you will probably have seen a lot of bad bosses/leaders and a few good ones. We won’t dissect all traits of good and bad leaders, but concentrate on traits related to wittiness.

Let’s start at the buffoon end of the spectrum. Hopefully your boss haven’t been dressed up and acting like a clown, full with red curly hair, nose and large shoes – if so I don’t know what to say. But even without going full retard the buffoon stage is still relevant. Being considered a buffoon as a leader often stems from wanting to be liked and loved too much. People who are not “natural” leaders and has reached the position by seniority rather than merit and skill, will probably easier fall into this “trap”. They will try their best to be liked among their subordinates by acting like “one-of-them”, joking inappropriately in an attempt to get attention, recognition and sympathy. As we will get to, being a leader isn’t about being a total bore either, but being a buffoon inappropriately joking about just about anything, playing one of the guys simply isn’t the way to conduct yourself as a leader.

Moving on to the aforementioned bore. Where the buffoon perhaps more than anything tries to be “one of the guys/girl” the bore perhaps tries to overcompensate in the other direction. The bore sees the role of a leader as very strict and square with absolutely no personality to it. Showing any kind of emotions could be misunderstood as weakness so instead he or she puts up a total facade keeping them from relating to their subordinates in any way. The bore may or may not be qualified as a leader, but is not totally confident in the position and is very afraid to lose it. Being a total bore is probably better than being a total buffoon, but in the end it isn’t optimal either.

As with almost anything in life the sweet spot is in the middle – what Aristotle called being “witty”. With wittiness comes humor in moderation. The ability to make people smile and feel entertained without acting like a clown. Being the person that people want to sit next to at the table without them worrying about either getting totally embarrassed or bored. The kind of person you can have a light easy conversation with as well as come to with your problems and open your heart to them.

A good leader is confident in his or her own abilities and exude authority both from title and action. Not trying too much to be among equals in relation to subordinates but not trying to stand on top of a pedestal either. Being a good leader means managing and shielding your subordinates from troubles and having them do the best work they can, while relating to them in a way that they feel they can come to you if they are in trouble.

Being witty is being human.

Entrepreneurship, Productivity

Strength training the ultimate supplement for entrepreneurs

There are many views on how you should live and prioritize your life as an entrepreneur. Some find the only way is to dedicate 25 hours of your day towards your company or goal. If you aren’t working all hours of the day, then maybe your competitors are and they are getting ahead. Eating, sleeping, being able to see the sky – useless – you lazy slob!

While this might work for some, primarily robots, computers and others who has the luxury of not being alive, it’s probably not the best way forward most of the time. There can be times where you need to do this because of tight deadlines and in those cases you should of course be willing to put in the work. But if it is your default state then I’ll try my skills as fortune teller and say that it won’t be for long.

One of the hard things with entrepreneurship is not getting recognition for your work. You can work your ass off for days on end without anything to show the outside world. Or perhaps you do have something to show the outside world, but getting traction can then be hit or miss. In other words your work/reward relationship is very non-linear. Over long periods of time this can be very frustrating. Getting acknowledgement for our work is a very basic and natural urge.

But as I have written before and will elaborate more on in the future you should not derive all your identity from one source. Meaning that if you get all your sense of identity from being an entrepreneur then your mood, sense of worth and general well-being is pretty much tied to the highly unpredictable rollercoaster ride of entrepreneurship. You should of course be very proud of your accomplishments but if you are only “The entrepreneur” then you are very one-dimensional and may be more negatively impacted by adversity.

What you need is a way to spend your time that is more linear in terms of work/reward. You could of course always turn to drinking. Generally the more you drink the more drunk you get and the more days in a row you drink the more miserable you feel – all very linear. But perhaps an activity where the work/reward curve goes in the opposite direction will be more appropriate.

There are numerous way to go about this, but my personal recommendation would go towards strength training. You get to work with your body, you get to work with your mind, you get to work with your hands, you get to meet people who are not neck deep in the world of entrepreneurship.

Strength training is very linear in terms of work/reward. You can even put all your knowledge about 80/20 analysis etc. to good use both in terms of the training itself and nutrition. You’ll get a good break from whatever your endeavor is and may even find that during your workout you come up with solutions to problems you haven’t been able to solve or new business ideas.

A side effect of getting stronger and in better shape may even be more successful meetings as you standing more proud and erect before any person, will alter his or her perception of you. This may seem shallow but never underestimate the subtle cues of body language.

In other words the only real downside to strength training is really the time you need to allocate for it. And allocate it you should. Otherwise you’ll be very prone to postpone in the beginning and find ways in which working can be seen as more important. But 1-2 hours 2-3 times a week should be manageable for most – even the most prolific and busy entrepreneurs. It might be the best investment you’ll ever do.

Entrepreneurship, Philosophy

The Myth of Sisyphus starring the hopeful entrepreneur

One of the hard parts about entrepreneurship is the lack of acknowledgement and appreciation when starting out. No one really knows what you are doing. A few people may know the hypothesis behind what you are trying to accomplish but for most unproven ideas they start their life as just that – an unproven hypothesis.

If you are a bricklayer building a house your work is very linear. The more you put in the more you get out. The goal of your work is to build a structure. The more hours you spend laying bricks the closer you get to reaching that goal. This is relatively easy to comprehend both for yourself and the people around you. You may find the work boring, but you can see you are getting closer to your goal and so can the people around you. Keep working you are almost there.

Now enter the core of entrepreneurship – prove the unproven hypothesis. This is where work gets anything but linear. The myth of Sisyphus describes meaningless work and therefore isn’t in its original meaning a good description of entrepreneurship, but with a few alterations the picture of one pushing a big rock to the top of a mountain, actually depicts entrepreneurship rather well.

First of all we need more rocks. You may have somewhat of an idea that your end goal should be a rock on top of a mountain, but exactly which rock is not all that apparent – so enter more rocks. You now run from rock to rock trying to push them uphill, spending all your energy pushing one rock only to see another roll back down the mountain, you then sprint to recover this and with herculean effort makes good progress with this one.

Now strolling around comes your good friend whom of course needs pictures for his Instagram profile. He takes a snapshot of you pushing a rock uphill. This of course somewhat shows you are working hard, but it does not show the full truth. It does not show the other rocks, all your sprints and efforts to keep them moving in the right direction. It does not show whether you are halfway, just getting started or near the end goal – and honestly you do not even know that. Your friends can show some sympathy towards your work, but they will never know the full story.

Then one day you can see a summit. You must be getting close now – all your work must have payed of. With endless nights of all out effort you get the rock you are pushing to the summit. You have looked forward to this day for so long and is ready to explode with relief – but then. The rock rolls over the summit and down on the other side. Everything goes downhill and eventually you find yourself in an even lower valley with a steeper hill to climb on the other side. What you thought was the summit was only a small step on the way. You almost had time to celebrate what you thought was your victory, only to find out – it wasn’t. You still have a long way to go – presumably – you don’t really know. You can’t see the summit, you know somewhat the direction, but whether it will take you a day, a year or you’ll never reach the top – you don’t really know. You just have to keep pushing your rocks in the direction you believe in and hope that some day it will all pay off.

This is entrepreneurship. One long education in delayed gratification. You spend all your energy on work you can’t be sure to ever return anything. You can work hard, you can work smart – but in the end you still need a good topping of luck sprinkled on top. You can do everything “right” with the best of intentions and still end up failing or do everything “wrong” with the worst of intentions and still end up succeeding – no one really knows.

This is the beauty of entrepreneurship and the reason why it is a crash course in life it self. Life is full of randomness and adversity, there is no panel of judges keeping score and giving you prices for good effort. Good, bad, lazy effort there is no score. All you can do is live in the moment move towards your goals and enjoy the journey.

Movies

Steve Jobs the movie starring Ashton Kutcher

By some strange coincidence the film about the life of Steve Jobs starring Ashton Kutcher aired on tv yesterday, the same night as I had written my review about his book. It can be seen as nothing else than the world conspiring to make me write about the film as well – so here goes.

This was the first time I saw it, and had no idea what to expect. Or let me rephrase that – having read the book I had a pretty good understanding as to what COULD be in the movie but no idea as to what they had chosen to focus on or frame it as.

First of let me start by praising the caster/producer that chose Ashton Kutcher as Steve Jobs – it is striking how much he looks like the real deal! Furthermore Ashton Kutcher does quite a decent job portraying him. The way he walked with forward lean almost stumbling each step to keep up with his center of gravity while his limbs hang loosely from his slender body. The way he wore his feelings outside the body on most matters while totally denying the existence of other feelings in some cases. He really hit bullseye on those.

What I lacked having read the book was an even more detailed look at the person Steve Jobs himself. While they didn’t exactly try to portray him as being a super nice guy, they somehow in my opinion did not spend enough time on how impossible and evil he could be for his surroundings. There are some outburst at people he works with, cold feelings towards friends and lovers, even his daughter – but even with this included I somehow thinks he is portrayed as being to nice or framed as a person you should end up having sympathy towards.

The narrative of the story they portray, focussing on Apple can of course go a long way towards portraying him as a character you should feel sympathy for. The whole thing about him being forced out of the company he eventually started is by no means pretty or deserving for anyone. But if I had only seen the movie I would probably only feel sorry for Steve Jobs whereas having read the book I feel sorry for what happened with him being pushed out of Apple computers, but I still do not feel sympathy for him because he was to much of a jerk towards his surroundings – and that cannot be excused.

It is like hearing a story about a boy who is kept out of a game of basketball in the schoolyard, who you would feel sorry for and sympathy towards. But how would that change if you knew that he had again and again kept others out of basketball games in the past, ridiculing everybody’s abilities and clothes – then your sympathy towards the boy would probably change. That’s my issue with this movie – it frames him as only unsympathetic enough that you still end up feeling sorry for him in the end.

But with that in mind I still think it is a decent movie and by no means bad. It does have some inspiring and motivating parts in it, but overall it focusses more on rise – fall – re-rise, than the entrepreneurial spirit which could have made for an inspiring watch. The girl I watched it with liked it very much and felt more informed about his life and Apple when finished. So while I have no idea whether the movie has been a hit or not, it does a decent job at entertaining and informing.

Business, Philosophy

Accelerate global learning with XPRIZE

Heard about this project a few weeks ago. The XPRIZE organization is a non-profit organization that creates public competitions to tackle big world problems. They are usually backed by very big checks to the winners of each competition.

This specific competition is their global learning competition. In short and completely stolen of their site:

The Global Learning XPRIZE is a competition to build Open Source software to teach a child to read, write, and perform arithmetic, by themselves, without a teacher. Teams will compete to win a $15 million reward to build this revolutionary technology.

I totally love these initiatives – they really fire the entrepreneurial spirit inside of me. Taken on big world problems and really making a difference. Whether you are a entrepreneur and wants to join the competition, wants to back one of the competitions or simply share the message, you should go visit their site.

http://www.xprize.org/

Business, Philosophy

Identity diversification

When you have figured out what your goal is, you should spend all your energy on reaching that goal, right? Yes and No. You should always strive to move towards it, but activities that may not seem to move you closer in the short run, may keep you from stumbling and rolling backwards in the long run. Let me explain.

If your goal is to travel around the world, you of course need some money, but what you do not need is to buy a house or get a full time job, apart from the latter being a means to get your money. You probably do not need to look for a steady relationship, unless you plan on bringing him/her along or loves to dilute all your experiences with a constant longing for your significant other and counting down the days until you are reunited.

If your goal on the other hand is to start a company or try to reach a certain position within your current one, then traveling the world for half a year may certainly not bring you any closer to that goal. A significant other may keep you sane at times, but may also limit your drive or ”hunting instinct.”

But let’s stay with the last example where you strive to build a company – that is what I can most easily relate to at the moment.

You could argue that in order to be successful you need to spend all your waking hours working on your idea. This is the goal you want to achieve – so more time and energy invested must equal more achieved – well not always. If you are building a pyramid and laying bricks, then yes – the more bricks you lay each day, the closer you will get to completion. But most endeavors are not that straight forward. Must are somewhat one step forward – then two back, two steps in the other direction – then one back etc. etc. This is where identity diversification comes into play.

If you derive all your happiness and feeling of achievement from one source, you could potentially dig yourself into a very deep hole, at times where your company are struggling. If you have given up all your leisure activities in order to spend 16 hours a day on your start-up, then you are signing up for some very dark days when things go bad – coupled with having getting rid of all your non-startup friends, then you can really sit in a depressing circle with similar friends all discussing how bad and hard you feel.

What you should do on the other hand is not only be Mr. Startup, but also be Mr. Fitness, Ms. Dancer, or whatever you may have of interests. These may seem like distractions when everything go according to plan, but once things start to get hard and against the plan they can keep you somewhat sane.

Let’s say you have had a very bad day because all the sales you tried this day failed, you feel somewhat down but still go out the door to join the weekly swim-session and your mates there. You are not that much in the mood for talking, because of this burning feeling inside of failure. Then comes the timing of your 50 meter crawl. You just propel all your anger out in each stroke and low and behold you end up beating your lifetime best, which you have tried to do all year. Now this is a good day! What before looked to be a bad day ends up being a good one. Your business-ego may have taken a beating, but as your swimming is completely un-related it does not in anyway dilute the awesome feeling of reaching a personal best.

The above could have been anything from you being a good spouse, sprinter, weightlifter or whatever. Then entire point is to not derive all your sense of worth from one source.

I nearly wrote of my gymnastics, because the cost would take a few weeks of cash away in a time where we were running on empty in my start-up and had no direct source for future income. But as I thought about it, it just made me so sad to think of all the good times and people I would miss by saying no to gymnastics. I luckily came to the conclusion that a happy and sane version of myself would out-work and out-smart a slightly depressed version of me, by way more than what I would save by saying no. The people I am around during gymnastics is by no means going to help my company – but that is somehow part of the point. It makes me relax and think of other things which makes me way more productive when I return.

Your main priority, whether you are a CEO, a father or an athlete is keeping yourself sane and feeling great – once you do that, you can perform at your best.

Business, Philosophy

You evolve – so do your goals

Goals – you have got to have goals – right!? Especially in this century of self-improvement. You can’t be drifting along figuring out what to do as you go along.

I do not think goals are the big solution to all your problems or that they are the universal solution to all your problems – but a few years ago I went from no real goals to set some rather clear goals and this will be about how they have sort of evolved.

Probably 4-5 years ago I started altering my way of life in a direction I had been absolutely sure I was not going in. I had told both myself and others that I was absolutely comfortable working a good paying job without to many obligations in order to earn money I could spend in my spare time. In other words work 8 hours a day 5 times a week to enable myself to do pretty much what I wanted in my spare time.

I worked as a computer programmer at a very large company, had done so for quite a few years and made enough money, to not really worry about normal living. My day job allowed me to do the things I wanted in my spare time – and I felt great about it. Or I did not love my job, I just saw it as a means to and end. I had no aspirations to end up becoming a leader or anything that would give me more responsibility. And further more I regularly said that I had absolutely no plan on doing anything that would take away my spare time, leave me with a lot of responsibility or long days at work. I held this belief until somewhere in my mid-twenties.

Trying to look back, I am not really sure what lead me in the opposite direction. It might be a quite hard break-up with a girl that led me down a trail of self-improvement or maybe its a natural part of what, if I remember correctly is named as the ”odyssey age”. Nevertheless I started a journey that led me just about a totally 180 degrees in the opposite direction.

I started thinking about goals for the future – not as goals for my training – but for what I wanted to do with my life. I got quite inspired by stoicism, read numerous self help books and finally had what I scribbled down on a piece of paper as my goals for the next 5 years. I had originally 3 goals written on that piece of paper I always carried around with me. Within a year or two is was down to 2 goals.

I removed ”Location Independent” from my goal card. It was probably somewhat spawned from reading The 4-Hour Workweek, and resonated well with me in the beginning. I always loved traveling and still do. But what came to my realization was that I may have a fun time living in Burma, but if all my best friends and family are in back in Denmark, then I will not be happy. I have a huge network of friends from almost all periods of my life and they just meant to much for me to have location independence as a definite goal. Money and freedom to travel – YES. Location independence – not really needed.

The last two goals are totally materialistic. One is an amount I have set as a goal for yearly income and the other is a ”specific object” that I really want to try and own. But come very lately these goals were somewhat moved to the side or at least pushed down.

For the last almost 3 years I have worked on a startup together with my dad. We have developed some software that can give a totally unique overview of the combined effects of any number of drugs. The last 2 years have been full time and so far we are bootstrapped and working hard.

As you can probably imagine this is like the total opposite of what I wanted earlier in life. It is just about exactly what I said I would never want – and now I love it. The prospects are rather promising and would totally enable the fulfillment of the two goals I had left on my goal card. So no need to change them.

But then recently I had to or at least chose to do an consulting assignment to secure a little more capital for our company. No apparent diverging away from my goal on that part – but what surprised me a little, was the hourly wage they were willing to pay for my time. If I totally focused on my two goals – I could obtain them by working as a consultant – and probably with more certainty than working on my startup.

This could be a sign that I needed to reconsider my involvement in the startup – because is it really the best way to reach my goals – OR – are have my goals really evolved so much that they need to be changed once again.

Luckily for me, it is quite easy to answer. I am so certain that I want to spend all my energy and money on trying to succeed with my startup. It needs to be on the top of my goal-card. The other two goals still apply, but they are of less importance than successfully building a company from the ground up – and a company that will have a huge impact on a lot of peoples lives once successful. I therefore had a quite obvious reason to change my goals.

But everyone changes, and the goals you had yesterday may not be the most important goals for you today. Changing your goals is not giving up – you need to be very true to yourself about what your top priorities are and then move towards them. As Neil Gaiman said in his amazing commencement speech(which if you have not seen – you should!) Keep moving towards your mountain – measure your decisions up against whether they move you closer to that mountain.