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Tuesday
Nov212017

Advice for Budding Entrepreneurs

The following words* were written by Paul Graham (successful venture capitalist, computer programmer, and essayist - how's that for a combo!) on the qualities needed to be a successful startup entrepreneur:

Be relentlessly resourceful.

Not merely relentless. That's not enough to make things go your way except in a few mostly uninteresting domains. In any interesting domain, the difficulties will be novel. Which means you can't simply plow through them, because you don't know initially how hard they are; you don't know whether you're about to plow through a block of foam or granite. So you have to be resourceful. You have to keep trying new things.

That sounds right, but is it simply a description of how to be successful in general? I don't think so. This isn't the recipe for success in writing or painting, for example. In that kind of work the recipe is more to be actively curious. Resourceful implies the obstacles are external, which they generally are in startups. But in writing and painting they're mostly internal; the obstacle is your own obtuseness. 

There probably are other fields where "relentlessly resourceful" is the recipe for success. But though other fields may share it, I think this is the best short description we'll find of what makes a good startup founder. I doubt it could be made more precise.

Now that we know what we're looking for, that leads to other questions. For example, can this quality be taught? After four years of trying to teach it to people, I'd say that yes, surprisingly often it can. Not to everyone, but to many people.  Some people are just constitutionally passive, but others have a latent ability to be relentlessly resourceful that only needs to be brought out.

This is particularly true of young people who have till now always been under the thumb of some kind of authority. Being relentlessly resourceful is definitely not the recipe for success in big companies, or in most schools. I don't even want to think what the recipe is in big companies, but it is certainly longer and messier, involving some combination of resourcefulness, obedience, and building alliances.

This test is also useful to individuals. If you want to know whether you're the right sort of person to start a startup, ask yourself whether you're relentlessly resourceful. And if you want to know whether to recruit someone as a cofounder, ask if they are.

You can even use it tactically. If I were running a startup, this would be the phrase I'd tape to the mirror. "Make something people want" is the destination, but "Be relentlessly resourceful" is how you get there.

"Relentless" has a lot of negative connotations: unyielding severe, strict, harsh, never resting.  But it's really just further along the spectrum of what I call "showing up," doing things to consistently move the ball ahead (whichever ball you're moving).  If you're looking to break new ground you should evaluate where on the "doing" spectrum you want to be, and then ask if that is far enough towards where you need to be to successfully accomplish your goal.

"Resourcefulness" is a fascinating quality, a cross between creativity and cleverness.  It's an ability to find new resources to address a problem. People who are "stuck" in their careers / lives typically consider themselves to be anything but resourceful.  They've tried and tried, but have run out of ideas.  That's why so many of the people sitting in my office have come to me, often hesitantly because they feel they shouldn't need "outside help," but of course the very act of searching for outside help is a form of resourcefulness.

Your #1 destination for resourcefulness should be Google.  Whatever problem or issue you are facing, you can be pretty sure that someone else (or maybe even hundreds or thousands of others) have also faced it, have valuable perspective to share, and have taken the time and effort to express that perspective so that it can benefit others.  I am amazed at how many of my clients say "Good idea!" when I suggest that they consult Google.  Make it your default setting whenever you feel unsure or stuck - enlist those outside resources!

*Edited by me

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