Founder benefits
The Friday Finance Break
Founding a company is one of the most challenging jobs you can have.
High-risk, high stress
Constant uncertainty
Long hours, hard work
Financial insecurity
Personal sacrifice
A terrifying amount of responsibility
A lot is working against you that encourages you to quit.
But when times get tough, it's important to remember,
What it was like before you started your company:
Burning out for someone else's success
Asking permission to take a break
Gritting your teeth through bone-headed decisions from the top
Getting treated like an asset to be leveraged
Being judged on politics rather than skills
Navigating endless bureaucracy to get anything done
When you become a founder, you give up security and predictability for the chance to make your own rules and live or die by your own decisions.
And sometimes, when things get really hard, it's helpful to toss yourself a reminder
Of the special privileges you've granted yourself by becoming the master of your own destiny:
Push hard knowing when you win, you win.
Turn off notifications and take a nap in the middle of the day.
Make that tough call for the right reasons because you are not a bonehead.
Reevaluate your annual owner's draw to pay yourself what you've truly achieved for your company.
Celebrate the honesty in the achievement of eating only what you kill.
Take 5 minutes to set a new policy that will improve your company. Because it's just that easy.
Founder life is tough
But it's also the life you chose.
Enjoy it.
Next week, I’m heading to Japan for a 3-week workcation.
The CFO Daily will switch to a lighter posting schedule during this time - you’ll hear from me about 1-2x per week.
Enjoy the weekend and see you in about a week!
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