December 10, 2008

getting rich will be painful

Posted in money tagged , at 8:30 pm by weiszguy

A number of points in this interview suprised me.  I think there’s probably a lot of truth to what he says.

  • Trying to get rich will cost you a lot of heartache, and will require you and those around you to sacrifice a lot.
  • Unless you’re willing to make that sacrifice, you shouldn’t even try.
  • Most people shouldn’t even try.
  • Having a great idea is irrelevant.  Any idea will work if it’s well executed
  • You will fail.  Over and over again.  It’s a 100% certainty.
  • If you can’t look your friends and family in the eye and ask them for money you’re going to lose, you’ve already lost.
  • When negotiating, don’t be “willing to walk away” – just walk away.

I’ve personally failed in business once already.  So I gave up.  I suppose I may have given up too soon.

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