Friday, May 27, 2011

Never Invest Money with a Guy Hooked Up to a Ventilator and Other Success Tips

By James Altucher

I really blew it and everyone knows it. I was even asked to speak at some conference about Failure on I think June 13. I might’ve deluded myself into thinking I’m the keynote speaker. But I might just be on a panel. I don’t know. Hopefullly I won’t fail at it. But if I do I hope you can all come and watch it happen in slow motion. By the way, my favorite technique in public speaking is to slightly slur my words but that’s another post.

I’m like Dr. Failure. I know exactly what you need to do if you want your wife to hate you, if you want to get thrown out of school, if you want to lose your investors $100 million. If you want to lose your home, and so on.

1/16 of the time people are happy. The rest of the time they are unhappy. So you if you start to avoid all the things that cause unhappiness then maybe there’s a small chance you can improve the ratios in your favor

Claudia says “why are you writing about failure? Think positive!” What? Avoiding every possible way to fail is the most positive thing you can do to be happy and successful.

Here’s the REAL reasons entrepreneurs fail. Its not because of a bad programmer. Fire him and get a new one. Its not because a client pulled out at the last minute. Get a new client, or anticipate. It not because your girlfriend cheated on you. Kick her to the curb. Its not because some guy sued you or your employees delivered an unfinished product. We already know its your fault. Every failure (EVERY) failure boils down to these core reasons that come from the INSIDE. Some might seem obvious but they really are the ONLY reasons for failure. They are the CORE FOUNDATIONS of every failure. Pay attention to them please:

A) Sickness. This is obvious. If you are sick all the time, you won’t be successful at a business. When I was a venture capitalist I would never invest money to a guy hooked up to a ventilator. Or even if I supect they are clinically deprssed. Many people avoid second dates if they find out on the first date the girl has late-stage terminal cancer. This is sad but reality.

What does it mean for an enterpreneur? Put good things in your body. Exercise. Don’t drink. Sleep 8 hours a day. That’s it. Then you probably won’t get sick as much and you’ll have a lot of energy to do your business. If you’re sick in bed all the time, your business will fail.

B) Inertia. I went out for dinner the other night with people who couldn’t stop talking, eating, and drinking. One person had business ideas. The other person wanted to write a novel. All night long drinking, eating, talking about business ideas, talking about writing novels. Talking, eating, drinking, talking, walking, drinking again, talking more. Then you sleep. Wake up at eight. Bloated, sick, heavy.

Wake up at eight — then you are too late. If you want to succeed you first have to get up and start. You can’t watch SharkTank, you have to be the shark. Don’t waste time. Start NOW.

Read the rest here.

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