The Sweaty Startup #47 An analytical approach to the risks and rewards of entrepreneurship and how to manage fear
8 snips
May 1, 2019 AI Snips
Chapters
Transcript
Episode notes
Life Activity Goal
- Start with a life activity goal, not just a financial one.
- Focus on activities bringing you the most joy, envisioning your ideal day in five years.
Jungle Analogy
- Ray Dalio uses the analogy of crossing a dangerous jungle to achieve a great life.
- He contrasts this with the safety of an ordinary life.
Modern Risks
- In entrepreneurship, the real risk is not life-threatening but rather potential setbacks like returning to the workforce.
- We have safety nets, unlike our ancestors.