October 30, 2012

Thinking about wild success

October 30, 2012 - Categories: business, entrepreneurship, planning

The more I explain this 5-year experiment to others, the more I understand it myself. =) I thought I’d spend some time thinking about what I wanted out of experiment and what wild success looks like, so that more people might be able to help me along the way.

I think the period of five years because it usually takes about that long before a business can be solidly established. Shorter, and I might mistake the fluctuations of figuring things out for long-term difficulties. Longer than that, and I might drift aimlessly without self-imposed goals or deadlines. Telling myself that I’ll take a close look at where I am and reevaluate my decisions in five years means that I can plan and budget for a fixed time period. Controlled uncertainty.

So where do I want to be on February 19, 2017, the 5th anniversary of starting my own business? What do I want to be able to say? What do I want to have done? Let me fast-forward to my future 34-year-old self and think about what that blog post might look like.

Here we are, five years after I started. I’ve learned a ton in the last five years. It turned out that making things happen isn’t anywhere nearly as scary as I thought it might be. I’m looking forward to bringing even more awesome ideas to life.

I’ve been so lucky to start with something that people immediately wanted and needed. Through consulting, I was able to help people take their businesses to the next level. I worked with amazing people who not only helped me take advantage of my skills and experiences, but also helped me develop new skills. We successfully transitioned all of my responsibilities, and they’ve turned that work into wild successes of their own.

Consulting allowed me to self-fund further experiments. I shared opportunities with other people, working with virtual assistants and other team members in order to get even more out of each day. In the course of training them to take over many of my processes, we built an operations manual that makes it even easier to bring new people on board. Many entrepreneurs’ growth is limited by their ability to trust and delegate, and by the network of people they have. Although I’ve also had my share of rough relationships, I’ve had the pleasure of building an amazing team with skills and passions that complement my own, and I reached out to an even wider network of people I can help and who can help me. Many of the people I’ve worked with have grown their own businesses into something they love doing.

Although I was tempted to continue consulting because it was familiar and comfortable, I eventually pushed myself to try other business models. I learned how to validate business ideas by talking to people and prototyping concepts, instead of simply building something and hoping people will come. It was also tempting to continue with the first new business as a job, but I pushed myself to grow out of it, bringing other people in so that they could make the most of those opportunities when I learned even more about creating businesses.

I learned so much along the way, and I’m glad I’ve been able to put them together in different books – at least one for every year of my experiment. I’ve shared what I learned about networking, productivity, delegation and automation, visual communication, entrepreneurship, business, and making things happen. Taking notes along the way really helped, and so did pushing myself to have interesting and novel experiences. I’m glad that so many people have found the books useful, and I’m sure my parents get a kick out of seeing me in print.

I’m now much more comfortable with reaching out to people and inviting them for lunch or coffee. I always learn lots of things in the conversations, and following up has become its own pleasure. I even host events so that I can bring people together.

In terms of paperwork, my attention to detail and comfort with numbers really paid off. The accountant helped me keep all of my books in order, and the CRA auditor found it easy to verify my records.

In my personal life, I continue to be the luckiest person in the world. W- is fantastic, and home life has somehow managed to keep getting better and better. We’ve got a solid financial foundation, and are excited about the possibilities.

What do the next five years hold for us? I’m not sure yet, but I’m sure it will be a good adventure.

My future 34-year-old self on Feb 19, 2017

We’ll see how it goes!