Tag: Life

The most important startup

Posted on by Steve Sammartino

I am incredibly happy with the following things:

– My relationship with my family (immediate and wider family)

– The state of my health. I fit and well enough to enjoy, people life and exercise.

– Where I live. Yarraville, Melbourne, Australia. In fact so much so that I evangelize it.

– My house. A beautiful little renovated Edwardian, not big but it’s just right for me and my wife.

– The state of my country Australia. It allows us to practice any religion / or not and live a free life with opportunity.

– How I invest my spare time. I like surfing, gym and mountain bike riding.

– The fact that I am continuing a vocation of learning.  Both in life and academically in my areas of interest.

– The work I do. Running rentoid.com teaching at Melbourne University and writing this blog.

If any of these parts of your life aren’t right. If we are not quite happy with them, no less totally unhappy with them. Then this is the most important startup we can focus on. The start required to change it. Start today.

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Broken car = broken life

Posted on by Steve Sammartino

The title of this post is a philosophy I have. People often disagree siting financial hardship, opportunity, income, age… you name it. They can argue all they like but it is true. People who look after themselves, have pride and a solid work ethic have nice cars. Not necessarily expensive cars, but cars which are washed regularly, are tidy inside, and don’t have any obvious dings or fractures which are to be fixed.

Keeping a clean car doesn’t really cost any money, just a little bit of time and effort. In fact it usually saves people money, just like servicing a car does. Sure, cars get smashed, need repairs and are generally a necessary expense and not an asset. But like all things, delays in making it right will have a compound effect. Dints which aren’t fixed get rusty. Unserviced cars break down more often.  Trying to save money letting your car go, just costs money in the long run. People with unbroken lives know this. It also has an important impact on your own self worth and psyche. Not to mention other peoples opinions of you, rightly or wrongly.

Show me an adult with a broken car, and I’ll show you a person with a broken life. (students are the exception)

Below is a classic example. Both cars of similar style and age. The first is owned by a person with a broken life, the other with by a person with a great attitude.

Crappy car

Classic Car

Do the test for a week or two. Assess the people you know and the state of their vehicle. It tells a very clear story.

Startup blog says take pride in all you do and all you own and your life will be better.

Quit your job

Posted on by Steve Sammartino

You should really quit your job on Monday. Yes tomorrow today . If you are working for a salary or wages  and have no equity in the business that is.

And here’s why:

You are living someone else’s dream.

You are exchanging the days of your life to build the vision of someone else. You are not doing what you dreamed about as a child.

The reality is this: once you have a place to live and food to eat, the rest is ego. Chances are you are working in a job just to feed your ego. I know because I was this person for more than 10 years. I had jobs I didn’t like – high paying ones, to buy things I didn’t need, to impress people I didn’t care for. It’s a pointless treadmill which the government encourages to maximise consumption, generate higher tax rates and PAYE deductions and enforce control through a passive education process which says consumption equals success. We must remove this idea of the power structure from our minds and remind ourselves that real wealth is defined by the cool stuff we are doing, rather than the stuff we buy.

Quite your job, de-gear your life and do something  of value. To further encourage this process I’ll leave you with one final thought I tweeted a while ago:

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Cheers, Steve

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[digg=http://startupblog.wordpress.com/2009/04/26/quit-your-job/]

No 1 reason being an employee sucks

Posted on by Steve Sammartino

The number one reason being an employee sucks is this:

You can’t sell your job.

No matter how good you are at what you do,

–    you don’t own your output
–    you are building other peoples brands and empire
–    you are at the risk of hierarchy
–    you are not servant to customers, but wage earners (the fundamental issue)

What this means is that as an employee you are not serving those who actually pay your wages – your consumers. Instead you become servant to people who are best at ‘internal politics’. So for you to succeed in this environment, you too must excel at internal politics. Which takes you always for important real world skills entrepreneurs develop. And then the final reality is that at some point in your ’employee career’ someone will not like you, and dispose of you. At this point you instantly lose any good will or employee equity which was built. Even if you are a stock holder, you still have no decision making authority.

employee-silhouette

The point is, if you want to build assets, being an employee makes it difficult because you lack control. If you want control, then you must have the courage to build something independently, like entrepreneurs do.

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World of Venn

Posted on by Steve Sammartino

While we are bootstrapping our startups, it’s worth bootstrapping our lives simultaneously. We should be building projects with overlaps, to the extent that we end up living in a ‘World of Venn’. For the ‘un-nerds’ who can’t quite remember the Venn diagram, here’s a simple explanation:

Venn Diagram:
n.   A diagram using circles to represent sets, with the position and overlap of the circles indicating the relationships between the sets.

[After John Venn (1834-1923), British logician.]

The reason for doing this is simple. By living in a ‘World of Venn’, we are building intellectual assets which have synergy. Assets which are connected metaphysically. Constructs with similar ideals which can be shared, borrowed or stolen. The people in these worlds often overlap too. They’re often interested in learning about and helping in other areas of our Venn worlds. And importantly when one set dies or withers, it has an overlapping intersection on which we can refocus our efforts without having to start from the beginning.

Here’s a sample of parts of my world and the Venn relationships.

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As you can see my worlds overlap and all build revenue streams.
–    Ideas and experiences from rentoid.com, give me great writing fodder and intellectual stimulation for this blog you are reading right now.
–    Startup blog has lead to more professional business writing I do for magazines and journals
–    My academic career at Melbourne University has lead to more Business writing and an upcoming book on marketing & investing.

The point is – they all feed each other, build on one another and leverage my personal areas of expertise.

Each success in one section adds credibility and strength to an overlapping area. The more overlaps we have, the larger our sweet spot becomes. When we have a great number of overlaps, life gets sweeter and the rewards are greater. This is why ‘work life balance’ is simply a hoax. Work is a large part of our life and should be joyous. To try and find time for things outside of work we actually ‘enjoy’, means we’ve got our life wrong. Once we live in a world of Venn our personal and financial growth is inevitable.

Venn is Zen. How Venn is your life?

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