Entrepreneurship Sucks
readwriteweb.com
readwriteweb.com
Supplier got the order wrong? Your problem; you fix it. Sales team can't get their act together (despite a wonderfully choreographed song and dance routine)? That's on your shoulders. People fighting? Smooth things over. Someone is only working at 103% efficiency, not pumping out enough likes and tweets and check-ins? All you to handle.
Yes, that's called being in charge. If you can't handle it all and have the means, delegate.
Brief edit: turns out this guy went to my school and is a friend-of-a-friend. Did some due diligence and friend says he's just trying to provoke a reaction (aka "troll"). He is, says my friend, "one of the hardest working people" he knows. Nothing to see here.
My diagnosis is even worse. His basic mistake is "I'm like me; therefore, everybody is like me."
To choose one specific example: "Supplier got the order wrong? Your problem; you fix it." Ever worked in a union shop, John? You are forbidden from fixing it, and you get to visit the supply foreman who will delegate to somebody (x2 or 3) before the order gets fixed, so go do something else for a few weeks. Stuff like that drove me up a friggen wall.
The one common trait I've found among great entrepreneurs...? They want to change the world in a big way.
The great ones don't care about the money or being their own boss or working from wherever. And almost certainly, they love what they do precisely because they aren't sitting back cracking open a beer (no matter how high up the podium)... instead, they've got bigger things to achieve. The drive never stops.
Some people might have this experience. I'm not one of them. I love being an entrepreneur for the reasons he indicates. And I don't see or have those negatives.
John Petersel seems to have failed as entrepreneur (or maybe he never tried, which is even worse writing stuff like this...), but I think I make more money than him, have more free time, spend more time with my family, actually manage my company instead of 'doing everything myself' (as he seems to suggest). And I do what I love and have always done that. Life's too short not to.
Some people shouldn't be entrepreneurs, luckily not everyone wants to, but writing crap like this...
Thanks for reading and commenting. Even the negative stuff is appreciated. I thought I'd leave you a quick response.
First, I'm thrilled that you thought to do a brief background check, and found me. I can offer some explanation to some of the conclusions you've drawn based on the article and otherwise.
The most important note that I think gets lost in translation: In its original form (appearing in Harvard Business School's newspaper), the piece is a satire. Specifically, it's a response to a series of events that painted a particularly gushy and fuzzy picture of entrepreneurship. As many of you were quick to point out the holes in an article that was blatantly and exclusively negative, I had merely been acting likewise to the opposite prompt. Also, lamentably, much of the piece's humor had to be edited out for the broader internet audience (unless you suspect you'd appreciate quips about the eccentricities of HBS's staff & curriculum). In the given context, and even in the broader context, much of your criticism is certainly valid.
endtwist- I think "trolling" is a bit harsh, but yes, the goal is to provoke a discussion. Mission accomplished? I'm happy to hear that some mutual friend has vouched for me. And yes, given a broader scope and bigger word count, the art of delegating would certainly have been investigated at length.
jpdoctor- I understand your point. No, I've never worked in a union shop (sorry!). My argument was that, in some strange, perverse way, having such a burden lifted (as in your union shop illustration) is a nicety compared to the stresses of ultimate responsibility. But again, I can see why this might not be the case.
bdrocco- Yep. You're right.
MJR, brownie- Yep, you found me. Sorry about the typo- publishing the article on RWW was done through a third party. Though I can't claim to be a venerable authority with decades of experience, I hope my credentials (and brief explanation above) can add a little more worth to the piece.
tluyben2- I don't think I failed as an entrepreneur. And I most definitely tried. (I suppose the edited version of the article's second doesn't really make this clear, but I did continue to work full time after graduating from undergrad.) Without a doubt you make more money, have more free time, etc. etc. than I do - do bear in mind that I'm currently a student. That all said: much like you, I was in love with what I did, and look forward to re-entering the entrepreneurship field some day in the future. Thanks for commenting.
GFisher- Sorry for baiting you. But yeah, you're absolutely right.
rdl, chr15- technically I wasn't a 2+2, though most of the structure is accurate. As for "accomplishing nothing," I suppose it depends on your definition of accomplishment. And again, the article doesn't totally make it clear that I ran my company full-time, expanded operations cross-country, and exited via sale in the two years between now and my time in undergrad. Not your typical consulting background, but I think HBS likes to bring in a few strange people for diversity.
bodegajed- I'm with you 100%.
moocow01- I'm with you 115%.
Everyone else- thanks, too.
Cheers.
(He's a well known German board game designer and mathematician. I like the quote, because it applies to more than just games.)
I know that's bait, but I can't help falling...
Maybe that's true for the author (or someone Harvard-educated), but here in the third world, enterpreneurship sounds a lot better when you see that a "dream" job like mine pays U$ 15.000 after taxes (and yes, people think I'm mad because I want to quit).
I do have job security people in Spain or the US might only dream of (six months' severance plus a year's salary if I'm fired), but being secure in a dead end isn't my dream life.
http://www.readwriteweb.com/start/author/john-petersel.php http://www.google.com/search?q=John+Petersel
I've had a couple of friends that were accepted in 2009, and they speculated the 2+2 program had as high as a 30% acceptance rate in its inaugural year since it wasn't well publicized.
That's my guess.
They're bigger than most business schools already (900 students in the class?). Why are they doing this?
Did you hear about the quiet mutiny being arranged to have you pushed out when John is distracted by his vacation?
Didn't think so.
Edit: Wait I think I get what you're saying. I had just assumed the GP had no boss so it didn't make any sense.