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January 26, 2020
Although far from impossible, certain (or many compounded) decisions they took while in college/early 20s are either hindering them or generating serious blocks to them suceeding. Here is a list of the things that I commonly have encountered that fall in to that category and that have the most profound negative effects on their ability to start a startup:
3. They significantly increased their expenses early in life, didn’t save, and now can’t afford to begin their company.
Ask yourself, are any of the people that you’re hanging out with that are even remotely capable of making it into a $100M+ net worth list one day? If the answer is no, you’re on the wrong track.
Be ready to hit the ground running. In American culture today it’s seen as acceptable to use your 20s to find yourself. I firmly disagree with this idea.
Your 20s are your most valuable working years: You often have very few obligations (no family), a very low burn rate (you’re used to living in a dorm), and you are still young enough to meet new people and learn new skills. Use college to to get the partying out of your system and spend your 20s working hard.
It’s okay to ignore your parents. Many folks choose to pursue a certain career because of parental pressure and poor career counseling. The number of doctors and lawyers I know who really don’t love their jobs or their lives is astounding. It’s okay for you to make a career choice on your own — even if your parents are paying for college.
If only college dean had given this advice to me during freshman year, instead of whatever “brightcollegeyears” stuff I had to endure. It’s all bullshit, and I’m glad I didn’t listen.
Good luck out there, and remember that if you are between the ages of 22 and 32 you are in your best startup years. Every year you are not doing a startup you are losing 10% of this prime time.
After all, the same people that scratched their heads when I spent hours every night in the library, are the ones who blow up my phone to work with me today.
Strength and Honor,
Prady TewarieCEO & FounderGetAZOTH.com@seekingazoth
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