Tim Ferriss is an American author, entrepreneur, angel investor and public speaker. Mr. Ferriss wrote the book “The 4-Hour Workweek” which reached #1 on The New York Times, Wall Street Journal and Business Week bestseller lists. His first book, The 4-Hour Workweek, was rejected by 25 publishers, but was picked up by the 26th and eventually went on to sell over 1 million copies and spend 4 years on The New York Times bestseller list.
Mr. Ferriss explains how entrepreneurship has its ups and downs and why its important to have other interests in your life. Don’t tie your identity and self worth to your start up. By following this practice you will have a better chance of remaining optimistic each week. One of the key ingredients needed for startup success is a burning desire for what you are creating. If your focused only on the monetary aspects, it will not work, it has to be a passion first and foremost. Honest self assessment is also important, and by identifying your strengths and weaknesses, you can move forward accordingly, delegating your shortcomings to other members of your team. Mr. Ferriss offers other valuable insights regarding start ups in this short video.
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