Workpost 43: Resilience (17 Questions)

My questions:

  1. How to find a good business partner?
  2. How to live an entrepreneur/unemployed life?
  3. How to approach taxes as an entrepreneur?
  4. How to approach risk?
  5. How to build a support system?
  6. How to handle rejection?
  7. How to approach financial risk in a smart way?
  8. How to rebuild from nothing?
  9. How to deal with people looking down on you?
  10. How to get hired/search for a job?
  11. How to turn off work?
  12. How to minimize work effort/stress/inefficiency?
  13. How to process awkwardness?
  14. What are different selling methods?
  15. How to sell in a way that I feel myself?
  16. How to gain from/work with/ benefit from the American system?
  17. How can I be more resilient?

My intuitive answers to the questions:

How to find a good business partner?

  • Write down what the ideal business is like
  • Imagine all your favorite parts
  • Imagine all the parts you need help with
  • Write down your values
  • Think about where a person like this (values + good in the areas you are weak + interest in your business area) would like to do/hangs out
  • Ask close friends if they know someone like this

How to live an entrepreneur/unemployed life?

  • They are different questions
  • For the entrepreneur
    • Without a company, you need to build a company around you
    • Need to hire help/services to help automate different parts of life
  • For the unemployed
    • Now is the time to look for help
    • Look into government assistance, help from family and friends
  • To decide which one you are:
    • Unemployed when you no longer have ability to make money
    • If you have savings + some cashflow you are an entrepreneur
    • If you have no savings and negative cashflow, you are unemployed
    • You can be an entrepreneur and still work a job to increase your cashflow

How to approach taxes as an entrepreneur?

  • Find a CPA that has experience working with entrepreneurs

How to approach risk?

  • Risk is actually really simple
  • Risk value = probability of success x value of success
  • The higher the risk value, the more worth the risk, compare that with the resources the risk requires 

How to build a support system?

  • The easiest way are people who want to live in a similar world as you do
  • People who’s goals align with yours
  • The easiest way to ascertain this is just to ask people
  • You can also try to go to places that are included in your vision for what type of world you want to live in

How to handle rejection?

  • Repair the ways in which you rejected yourself

How to approach financial risk in a smart way?

  • Get good at estimating risk value and investment
  • If the risk value is $100,000, and the investment is $90,000 then the risk is likely worth it
  • If the risk value is $100,000 and the investment is $10,000 then the risk is definitely worth it

How to rebuild from nothing?

  • Know your strengths
  • Know what people want
  • Sell yourself

How to deal with people looking down on you?

  • Repair the ways other people have looked down on your in the past

How to get hired/search for a job?

  • Think about the jobs that will be easiest for you to get
  • Based on the interviews and discussions, adjust closer to what makes you happy

How to turn off work?

  • Create a viable plan for when pending work will be addressed
  • Write down the plan and execute when you are ready

How to minimize work effort/stress/inefficiency?

  • Focus on creating clarity at all times on what is expected and when
  • Set boundaries around respect and time
  • Make sure that the goals are specific and small enough to complete one at a time

How to process awkwardness?

  • Find reasons why awkwardness is a good thing

What are different selling methods?

  • Relationships sales – they like you
  • Technical sales – they like the technology
  • Pressure sales – they don’t want to say no
  • Trust sales – they trust you

How to sell in a way that I feel myself?

  • Trust sales + technical sales sounds most like me

How to gain from/work with/ benefit from the American system?

  • Sell to the rich
  • Hire people who are good at what they do
  • Outsource tedious stuff to other countries or AI

How can I be more resilient?

  • Spend time getting up when you fall
  • Specifically focus time and effort on healing from painful experiences

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