Skip to main content

Living With doubt (Seth Godin Extended)

Seth Godin wrote "Entrepreneurship is largely about living with doubt, as is creating just about any sort of art."
I am extending his thought about living with doubt and entrepreneurship. Entrepreneurs need to take risks and that is why only risk takers give up a comfortable life to start out on their own.
If you take a risk, you are essentially unsure of the outcome (but you try your best to get maximum returns).
Small businesses grow faster than larger ones not because of their size but because they are essentially run by risk takers (i.e. their founders). People join large companies to avoid risk. All they want is a comfortable life and a good pay package. They don't take risks. On the contrary, such organizations grow because there are people who are willing to take risks to reach that CEO position. Its quite natural for them to be pseudo entrepreneurs in their organization. It does not matter whether it is your own venture or someone else's, its the ability to take risks that helps you grow. And this risk taking ability only comes when 'living with doubt' becomes a habit.
Learning to live with doubt automatically reduces competition and thus the chances for success increase dramatically. People pay to get out of doubt and get into the zone of certainty. This means the number of competitors reduce and therefore the probability of success increases. The same pie would be shared by few whereas those in the zone of certainty would have to fight it out since there are more people to share the pie.
Guess that makes living with doubt desirable and profitable. Its quite a paradox, but it is true.

Popular posts from this blog

Giving the finger to a scripted life!

It's crazy to take jobs just because they look good on your resume. That's like saving sex for your old age. ~ Warren Buffet. You have plans for your life, career etc. You've built an entire script but what is this based on? Scott at Ted talks about how almost 80% of the people around the world don't like the job they do. In his career, he found one day that most of the job he did was automated by his competitors. Building the resume was clearly not way forward. It was during that time he he heard the quote by warren buffet, " It's crazy to take jobs just because they look good on your resume. That's like saving sex for your old age ". This was when he left his job. While there are know universities, which talk about finding your passion, Scott talks about a lens that can help in finding the job we love.

Twitter and the world of hate - Delhi Gang Rape

Common wisdom says that venting out reduces frustration. Twitter, Facebook, and blogs help us achieve the same. While what normally starts as a "venting out" experience, I suspect is turning out to be an anguish enhancer. When I look at trending topics on twitter all what I see is a world of "Hate". Small pieces of hate messages turn out to be a big collective bunch of hate. Take the case of Delhi gang rape and some ill-minded comments of politicians and spiritual gurus. What started as scattered bickering remarks against a comment made by "Asaram" has now become a full fledged ball of rage. This rage was "non-directional", had no agenda and was oriented towards sarcasm and wit. While Delhi gang rape highlights poor governance, societal problems and problems of law and order, venting out on a forum that accumulates the frustration by many such people only adds to the low well-being. It is time we use some discretion and post messages that...

Twitter vs. News - Effectiveness in building relations

Social Media has been termed as an effective way to build relationships. Brands are trying to harness this capability by building social presence on this new media. Celebrities today account for the maximum amount of followers on the web with twitter being a fine example for this. But is this new media effective in creating relationships with this vast list of followers, which celebrities often tend to have? In an interesting research by Lee and Jang , they explore the effectiveness of celebrities in building social presence on new media. They compare twitter and a news website to check the relative effectiveness of enhancing social presence. While the traditional PR machinery used by celebrities might give them news coverage, they contend that their tweets can reduce the barrier of relational development as compared to a news website. Their findings are counter-intuitive and very interesting.