Sooooooo today’s my birthday, hold the applause till then end of the blog post please… Good Day all, from now on will be convincing myself that age is just a number, being the ripe old age of 29 does that to ya psyche. Only reason it does, is that you have one more year to do the things people claim you should have done in ya 20’s. So despite all that you are hoping you have done, to me I feel like I have missed out on not doing enough and 30 is right there :(. Anyway lets live in the now and progress day by day because I’m alive and still have the opportunities to make this last year in the 20’s count. Today I am trying a new podcast named HackTheEntrepreneur with Jon Nastor who is the co-founder of the velocity page which is a page that helps you create pages for your word press website in minutes by just dragging and dropping effects with no need to know code. He interviews a variety of entrepreneurs to help up and coming ones with advice in different areas of business, also he is trying to find the replicable patterns that most successful entrepreneurs have when on their way to success. In this podcast he is interviewing David Kadavy he is the author of the book design for hackers and also does freelance at Odesk and has founded two start-up departments in silicon valley. He will be talking about how Entrepreneurship is an artistic process…
Here is the link to the podcast – http://hacktheentrepreneur.com/entrepreneurship-david-kadavy/
- Trusting Your curiosity – 3:01
(4:03) How he used this skill to your advantage
(6:11) Learning to listen to your curiosity
(7:26) How being a curious person may lead to being an Entrepreneur
- His time as a designer and moving to being an Entrepreneur – 9:31
- Entrepreneurship as an artistic process – 12:45
- Money is not his main metric – 14:22
- Emancipating the brain in the search of passive income – 18:24
- The Facebook app that got killed by API – 23:09
- Risky Business – 28:33
- Question: It’s one year from now and you are celebrating an amazing year that you just had in your business, what did you do to accomplish that? – 31:22
- The Hack – 35:09
Key points taken
Trusting Your curiosity – 3:01
David Struggles with shiny object syndrome, this is where you start hot and sweaty on a new exciting project then move on to the next project that strikes new interest soon after. The guilty feeling left behind is even worse because you have problems balancing your time or deciding which project is more important. But He trusts his curiosity enough that sooner or later these projects converge and you begin to create something that is uniquely yours.
(4:03) How he used this skill to your advantage – David explains how gets excited about doing various projects, sometimes it comes up in conversation for example he was talking about microphones and how great it would be if he could start doing his own you tube videos. He then talks how his career began by him drawing in his room hours on end by himself, then he got excited about computers and those two things had nothing to do with each other till he started doing graphic design which brought them together. He moved on to doing blogging and working for start-ups in silicon valley, all these were more or less distractions till one day they converged into one project which was to write a book named design for hackers.
(6:11) Learning to listen to your curiosity – How can you take what you are excited about and synergize it into creating a business or incorporating it into your current business? For example say you excited about microphones maybe you can start a podcast or may do some YouTube videos. You have to be able to let you mind carry you places but note where you are going along the way which can bring out new ideas that you can strategically implement.
(7:26) How being a curious person may lead to being an Entrepreneur – If you are working in a job where you are doing the mundane routine task in a field that you love but want to express your self differently, maybe its time to try working on your own. Because when you can work on your own with your talents and bring out your uniqueness without being restricted, then if it doesn’t feel right you can move on to a next project or delegate it to someone to move it into another direction. You can learn things within your own time work on them and then leave them and come back.
His time as a designer and moving to being an Entrepreneur – 9:31
He doesn’t like being called a designer he prefers to be called an entrepreneur although that is what he was trained in and that’s what he has the most natural talent in. It’s not what he does on a day-to-day basis, he still gives advice on the design process though, which lead to the book. Having the shackles of pressure from the higher-ups to do work that he didn’t want to really do served as the catalyst to pursue his artistic exploration into being an entrepreneur.
Entrepreneurship as an artistic process – 12:45
Entrepreneurship as David puts it sometimes it’s like a self-help thing, maybe at times its artistic, it may be looked down upon at times. There are people who used it as giving a product or service based on market trends but he goes at it differently, if the market wants this thing yeah he would go at it but only if its fun or interesting to him as well. Does it help him run a business that supports his own values, comes back to my post yesterday too he would be only doing it for the what and not the why. He doesn’t really care about the millions the project must be able to let him follow his curiosity. Entrepreneurship for him is a tool for self discovery and self-expression.
Money is not his main metric – 14:22
He likes money and capitalism but if he had to choose to make a million dollars but it takes away value from his work he would prefer not to.
(16:10) He prefers long-term gains – Gaining value for him is like Amazon spending all your resources on Research and Development, that its maturity and monetary gain cashes out for you in the future. Constant reinvesting in his curiosity and exploration.
Emancipating the brain in the search of passive income – 18:24
So David left silicon valley moved to Chicago where there was cheaper rent and began implementing the skills (coding and what he knew about the internet) he learnt into freelancing for odesk. Well technically they hired him through a blog post he made. With the free time he had, he tried various ways he could think of to get some passive income going. He treated every dollar he made passively as if it was 100 dollars psychologically because it was going to be a repetitive process and it would grow eventually. He examined his blog to see which posts got the most SEO and made niche sites around those topics. As soon as he built up the passive income to a satisfactory amount his brain was freed up and he just kept exploring and then when the book deal came he dedicated his time to that.
The Facebook app that got killed by API – 23:09
David had an idea for an app but didn’t entirely know how to make apps, so he got a guy who now works at Facebook to make it for him in exchange for equity and a few thousand dollars. The app was going great for a while users galore and trending then one day FB decides to change its API and it went up in smoke after that, mainly because he didn’t have to core skills to fix it himself and no revenue to get assistance. The lesson learnt is that you have to be aware of what sort of risks you exposing yourself to with a particular business, in this case you are building something entirely on Facebook’s platform.
Risky Business – 28:33
David saw things that he went through as challenges not risks, silicon valley gave him opportunities and great exposure to people and skills which he learnt from to capitalize when leaving it for working on his own in Chicago. He also doesn’t see working for someone more secure than working for oneself, because he has all these different skills to stand on as his foundation. You are responsible for everything, it conditions you for the harsh business world because all decisions are on you good or bad.
Question: It’s one year from now and you are celebrating an amazing year that you just had in your business, what did you do to accomplish that? – 31:22
He is in an exploratory mode right now and he thinks what has made him a success is that he is seeking out what patterns keep coming up that he can indulge in via various mediums (book, course etc) to help solve the issues that are evident.
The Hack – 35:09
passive income with the forward thinking approach that it will be growing exponentially over time while you work on other things that bring you joy.
Interesting Conversation here what I liked most is that he kept mentioning using curiosity as a way of exploring new opportunities for business and even helping people. He talked about his time at silicon valley helped him realize that being designer was not for him and being an artistic entrepreneur was the way to go. His pursuit for bringing value not money, how he began passive income that freed his time, his failure with a Facebook app and how he doesn’t see risks only challenges. I was pleased with what was presented in the interview and I may not have learned a lot but I have something new to take into consideration when I get caught in shiny object syndrome. Thanks for reading and see you tomorrow.