Learning from My Entrepreneur Journey so far
1. Think Long Term: Whatever wealth and wisdom you will ever gain will come from long term thinking. There is no such thing as easy money or short term gain. Most of the short term gains don't last long.
2. Risk Management: You might make a lot of money but lose it all if you don't know how to mitigate the risk. The most difficult part of the stock market is not to make money but to not lose it all. Learn how to decrease the liabilities and manage the risk accordingly considering the worst-case scenario.
3. Health: If you are not healthy, you cannot do anything in the world. Workout at least 3 times every week. Always give your health the first priority. Health is the Most Important Thing.
4. Learn: Read at least 20-30 mins a day. Well, reading is not the only way to learn. You can use other alternatives like videos, podcasts, and audiobooks. Your wisdom will compound over the long term. You will constantly need to put yourself in uncomfortable situations, in order to learn new things.
5. Build a Strong Frame of Mind: This will ensure that you will keep calm during the storm. During your startup journey, you will fail almost every day. It's a depressing feeling and you will feel lost most of the time. Do meditation, it will help you a lot. Try vipassana.
6. Purpose: What is the reason for waking up this morning? Most of the people will fail to answer this question. Create a strong purpose and build your vision around it. The purpose will help you to keep going during hard times.
7. Be Ethical: The problem with being ethical is that it attracts other ethical people in the network. You can rely on people with ethics but always assume that everyone is a fraud unless they prove you wrong.
Growth Architect for Startups & SMEs | Blockchain, AI , MVP Development, & Data-Driven Marketing Expert
1 个月Yash, thanks for sharing!
Founder & CEO SimpleAccounts.io at Data Innovation Technologies | Partner & Director of Strategic Planning & Relations at HiveWorx
5 个月Yash, Great insights! ?? Thanks for sharing!
Senior Lawyer | Tech | Blockchain | NFT | AI | FinTech | Legal Compliance | Stand With Ukraine!
11 个月Yash, thanks for sharing! I'm a lawyer in the tech industry and I love what you're doing)