The view of being your own boss Is a dream For gen z – you inspire many to start your own shops Or take yourself up Workers’ work. But millionaire Hai tank investor Kevin O’Leary It is believed that most people will never shorten it in entrepreneurship – and therefore they will never really be freed from their company distortions.
“In life only a third of people can become successful entrepreneurs. That is” Recently To The diary of a CEO Podcast. “And the rest can be very successful employees. And there is nothing wrong with that – you can lead a fantastic life.”
“You are not tied to the heights and depths of entrepreneurship, the challenge of how difficult it is. But you will never be free. And that is the debate: do you want personal freedom? It’s the only way.”
The 70-year-old software mogul knows one or two things about the construction of billion dollar companies. Foundation of softkey software products in the basement of its Toronto pads 1983O’Leary led the company to a global educational giant, the aggressive acquisition of competitors and worked for technological sizes like Steve Jobs. Until 1999 he sold the Company at Matt for 3.7 billion US dollars; And is now known for being a no-nonsense investor in the TV series Hai tank.
The pursuit of entrepreneurship is not for money – it is for freedom
Despite his nationwide fame as “Mr. Wonderful”, O’Leary does not believe that everyone can reproduce their success – they don’t want them.
Even now while he teaches students Harvard UniversityHe said he is witness to a gap between the leading business students who want to become successful entrepreneurs and those who will work as a gear for massive companies.
“Two thirds of (my students) want to become a consultant … and lead a life in mediocrity and never make a decision of the consequence in their lives. And after 24 months they are spoiled with this illness forever,” continued O’Leary in the podcast. “You will always be good consultants, but you will never reach size in any way.”
There is a lot of money in entrepreneurship – with O’Leary, who boasts a net assets of around 400 million US dollars – and leading consulting jobs Can also offer Salaries in the high six figures. While the payment in the sale of companies of billions of dollars is much higher, the serial investor insists that the construction company is not about getting rich quickly. You may have to Victim weekendBut the associated independence is worth it.
“I always said it is not about the pursuit of money. It’s not about striving for greed. You will fail if you do that,” said O’Leary. “It is the immortal love of freedom.”
Assets stretched O’Leary for a comment.
Have the only feature of successful entrepreneurs
For the one third of the people who become entrepreneurs, says O’Leary that the best of the best is of quality: they can switch off the “noise” of their personal life in order to do the three to five most important things of the day immediately.
“This signal rush ratio for Steve Jobs, 80: 20-80 Signal, 20 noise,” said O’Leary. “If you return to history, you will find out that the geniuses of your time were almost 100% signal.”
It is something that he not only saw jobs in his former business partner, but also in Elon Musk.
“Elon Musk, he has no noise. He doesn’t care about noise,” said O’Leary. “60 seconds of every minute, 60 minutes an hour, the 18 hours he awake, is all signal. And see what he has achieved.”
Other successful entrepreneurs recognize various ingredients. O’Learys earlier Hai tank Co-moderator Mark Cubaner repeated this There is a characteristic He sees in successful people: a strong work ethic. Tennis icon Serena Williams similar Believe that People have to grind “every day” and be “very disciplined” to get to the top.
Meanwhile the capitalist Mogul Marcs Andiat also believe The Successful people cannot switch off their wishes to expand their companies. It is a star quality, the billionaire Netscape Founder said “very few” embody – with Tesla Founder Elon Musk is an exception.
“There is this decision that people have to make, namely” okay, if I have the latent ability to do this, is that actually what I want to spend my life with it? ” an episode the Huberman Lab Podcast in 2023. “And do I want to take the stress and pain and trauma as well as the fear and risk of failure? ‘”
