Tag: startup

How to warm up your entrepreneurial spirit.

Admit it, you would really like to own your own business. Most of us would. But getting started is a gnarly tangle of question marks.

  • Do I have what it takes?
  • What do I do first?
  • Do I have the appetite for risk?
  • Should I find a partner?
  • If my business doesn’t take off quickly do I give up food, shelter or clothing first?

Curious-but-careful types turn to books for answers to these questions. While you can read about entrepreneurship all you want, you can’t actually become an entrepreneur without taking action. Which means the best thing to do to warm up your entrepreneurial spirit is practice taking entrepreneurial action (without spending or losing money in the process).

The Challenge

I offer people enamored with the idea of entrepreneurship a simple one week challenge. If you bail on the challenge in the first day, it is a sign that you should not be a sailor on the entrepreneur ship. But if you complete the challenge, not only have you exercised the right behavior, you’ve primed the pump for the next step too.

So here is my challenge to you:

Adam Albrecht’s Unpatented One Week Entrepreneurial Warm Up Exercise.

  1. Pick a good starting day that offers flexibility in your schedule. Saturdays, Sundays and Holidays work well.
  2. Every time you think of someone, reach out to them. Send an email,  text or a call them. Shoot them a message on LinkedIn, Instagram, Twitter or Facebook. Write the impulse down if you can’t send a message at that moment. But send the message that day. If there is a reason that person popped into your mind let them know. *only contact each person once, even if you think of them multiple times during the week. You don’t want to creep them out.

3. Write down the number of days in a row that you completed the mission.

The 3 Reasons You Should Try This Exercise:

1.Entrepreneurship is about turning thoughts into actions. Everyone has thoughts, ideas and impulses. But most of the time these impulses dissipate before they become actions. This exercise helps you transform your moments of inspiration into actions.

2. Entrepreneurship also requires you to actively maintain your network. That means investing time, thought, action and care into other people. It also involves expanding your network. Which could mean reaching out to people you don’t know, or don’t know well.

3. Entrepreneurship requires persistence. You have to keep at it day after day. Even if you really enjoyed a day or two of this exercise, don’t try to launch a business until you can string together a full week of successful impulse activation. 

5 Things You Will Learn From This Exercise:

1. What it is like to activate your thoughts.

2. Whether or not you can activate your thoughts with consistency.

3. Your connections with others will grow stronger.

4. The recency of your communications with make others more likely to think of you again in the near future.

5. Human interactions often set off a chain of interesting positive events. 

Key Takeaway

In entrepreneurship action is everything. In order to invent Facebook you actually have to invent Facebook. And it starts by doing the things you’ve thought about doing but haven’t done. Entrepreneurship requires you to spend a good chunk of your time outside your comfort zone. So practice getting over that discomfort by reaching out to friends and family you haven’t contacted for quite some time. By the end of this Unpatented One Week Entrepreneurial Warm Up Exercise, you won’t have spent any money on your business idea. But you will have created a more fertile environment for it to grow.

Are you really in control of your career?

It was December of 1999. The world was facing a possible Y2K apocalypse, and I was surrounded by cranberries. I had written a national TV commercial for Northland Cranberry Juice and was now preparing to shoot the spot in their hometown, Wisconsin Rapids, Wisconsin. Wisconsin Rapids (just in case you’ve never been there) is to cranberries what Nashville is to country music.

The premise of the commercial we were shooting was that the honest, hardworking people of Wisconsin Rapids put 100% into everything they do. So they would never consider putting anything less than 100% juice into a bottle of Northland. The same could not be said for those villains at Ocean Spray. Their cranberry cocktails ranged from just 17% to 27% juice. Cut to the close up of the Ocean Spray ingredient label, and cue the horror movie music.

The Director

But this story is not about juice. It is about the director. Ashley Lazarus. While Ashley Lazarus is one of the most beautiful names I have ever heard, it belongs to a bear of a man. A South African man. A man best known in America for launching the Saturn car brand with the iconic Spring in Springhill commercials. In other words, Ashley had mad directing skillz.

AshleyLazarus-1-563x365
Ashley Lazarus and a camera that won’t fit in your pocket.

Location Scouting

My first two days with Ashley were spent scouting for locations to shoot the commercial.  We were looking for the most interesting locations in and around Wisconsin Rapids to capture on film.

The conversation

While driving between locations in the Wisconsin countryside, Ashley, who was in his 60s, turned to me and slowly asked in his deep, South African accent, ‘Adam, how old are you?’

I replied, ’26’.

Not only will I never forget what he said next, it helped steer the course of my career, and my life.

Ashley continued,

‘Adam, eventually you must open your own advertising agency. You will be promised great positions in your career. You may even be offered them. But eventually all creatives are either passed over or forced out of agencies. The only way for you to remain in control of your career is to own your own agency.’

I had dreamed of owning my own agency since I first started my career three years earlier. But now, at 26 years old, I was told I had no choice. If I wanted to be in control of my career and my life’s path, I would have to start my own advertising agency and create my own opportunities.

That advice stuck in my head like a cocklebur to corduroy. I believed Ashley was right. Over the next 15 years I was promoted from Copywriter, to Senior Writer, to Associate Creative Director, to Creative Director, to Executive Creative Director to Chief Creative Officer. But I never forgot what Ashley said. And I wanted the ultimate control over my career path.

The Weaponry

In 2016, when I was 42 years old, I launched my own advertising and idea agency, The Weaponry. I also launched this blog to chronicle the entire journey (if you’d like to follow along at home consider subscribing). Today, I’d like Ashley to know that I listened, appreciated and followed the advice he gave me in the back of that SUV in Wisconsin, Rapids in 1999.

Key Takeaway

What Ashley said about my career holds true for you too. Your career path, and your life path will be determined by someone else if you don’t take control of it. You too should start your own business, or side hustle, or consulting gig. Prepare your own plan B before you need it. It’s the key to writing your own script with your own happy ending.

The best business call I never expected to get.

I got a unique phone call this week. The caller, a friendly and energetic young man, introduced himself as a banker calling from Name-Of-Bank-Protected. Once upon a time, I had banked with Name-Of-Bank-Protected. But now I was confused. Because I had closed my account with them over ten years ago. What was even stranger, was that the banker added that he was a mortgage specialist.

Hmm?

I asked the nice mortgage specialist from the bank I once banked with, ‘Is there something wrong with the mortgage I clearly do not have with your bank?’

He laughed and said ‘No. I am calling about Name-Of-Employee-Protected.  Does Name-Of- Employee-Protected work at The Weaponry?’

Then I understood.

I have purchased four homes in my home purchasing career. Right before the closing, the bank offering the mortgage calls your employer to confirm that you actually have the job you claim to have. This gives the bank confidence that you will have the funds to pay your mortgage on the new home. This has always been a wise move for banks. But it has become standard practice since the failure to do background checks lead to the world-melting mortgage crisis a decade ago.

IMG_8840
This is where I was sitting when I got the mortgage lender’s call. Except the plant was on the other side of the desk.

However, this was different.

Now a bank was calling me about a mortgage, because I am the employer. This may not seem like a big deal to you. But this was monumental to me.

My advertising and idea agency, The Weaponry, started as a vision in my head two and a half years ago. I had a clear vision of what the perfect advertising agency would look like. I believed I could create an agency that generated excellent creative ideas, provided amazing customer service and offered a fun experience for everyone involved. Best of all, I knew it could provide long-term financial stability for employees.

As I started on my journey to bring that vision to life, I started this blog. Then brick by brick, the vision has become realer and realerer and realererer.

Today, The Weaponry has great clients, a nice office, amazing employees and benefits. But now, we also have real American bankers calling The Weaponry to confirm that our Weapons actually work at The Weaponry.

That’s a great feeling.

The Weaponry is not just real in my head. It is real in the eyes of a bank that will offer a major loan to one of our employees today, so that they can close on a new house this afternoon. I’m not sure I can articulate how fulfilling that is. The Weaponry has come a long way. And we are just getting started. I look forward to many more confirmation calls from many more mortgage lenders from across the country in the years ahead.

*If you would like to follow our journey, please consider following The Perfect Agency Project by clicking the subscribe button. It requires minimal effort from one of your fingers. Any finger will do.

Want to be an entrepreneur? Start by flying a kite.

Entrepreneurship is a thrilling game. I started my own adverting and idea agency almost two years ago. Building my business has been the most fun and exciting chapter in a career full of fun and exciting chapters. If you think you’d like to play entrepreneur, I have a few insights to share. But I should warn you, I don’t have an MBA. My business philosophies come from life.

Creating your own business requires four elements:

  1. Vision to see what you want to build.
  2. Optimism to believe you can do it.
  3. Will Power to keep you moving forward.
  4. Money to pay the bills.

The first three inputs are about attitude. If you have a great attitude, you have 75% of the requirements covered. Then there is number four. It has ruined many a good business. It’s the proverbial turd in the punch bowl. And there is no way around it.

Money, Money, Money, Money

It isn’t enough simply to have money. The real challenge is that you have to invest your money at the proper pace. If you spend too little you don’t grow, you don’t mature, and you don’t get closer to your ultimate vision. But if you spend too much, you die.

In order to thrive, you need to find the sweet spot between these two pitfalls. This is the game of business finance in a nutshell. And if you remember your shell history, the nutshell beat out both the eggshell and the clamshell as the perfect container for simple summations.

So how do you know when to save and when to spend? I have developed an approach to spending money that influences every purchase, every hire, and financial commitment we make at The Weaponry.

The Kite Flying Method. 

I think of spending money like flying a kite. Once you get a kite in the air, you have to decide if you are satisfied flying it ten feet above the ground. If you are not, and I hope you are not, you have to let out more string.

But when?

You let out more string when the wind increases. Not before. This sounds simple enough. But the key is knowing the difference between winds and gusts. A gust is temporary. If you let out string because of a gust, you are in trouble. Because when the gust stops, your line will go slack, and the kite will plummet to the ground. This is bad.

Key Takeaway

The wind is your income. The string is your outgo. If you want your business to soar to impressive heights, you have to let out string. But always let out less string than the wind can support. That tension you feel is profitability. It is what keeps you in control. Always maintain that. It will keep you soaring for as long as you want to play.

This is how our new conference room came to life.

Breathing life into an idea is my favorite thing in the world. Taking a vision that only existed in my head, making it real, and then showing it to the world, offers a healthy, natural high. Even Nancy Reagan would approve.

I thought about creating my advertising agency for a long time before I named it The Weaponry and declared it open for thinkness. In the summer of 2017 I shopped for a new office space. But when I first got tossed the keys the office was pretty bland. So we began putting our mark on the place.

Furniture

Furnishing our office has been a fun undertaking.  I have written before about our custom-built surfboard coffee table. We had readers of this blog vote on their favorite surfboard designs. Then we shared the final result. The coffee table has been a great addition to the office, and a great conversation starter. Since then, we turned our attention to another room.

img_9183
Yep, we’ve got one of these. Read all about it at the links above.

The Conference Room

The conference room at The Weaponry was the last room we furnished. We wanted to keep it simple. In fact, we only wanted four elements in the room:

  1. Table
  2. 6-8 chairs
  3. TV monitor
  4. Whiteboard
img_7909
Folding chairs and tape helped us determine the perfect table size and the number of chairs we could fit. In the end, we crumpled up this 4×8 foot table and tossed it in the trash.

Shopping For A Table

We looked at a lot of used conference room tables, and they all made me want to cry. Most of them felt like they would have been right at home on the set of the TV show, The Office. That would never do. We looked through catalogs. All the tables either looked too serious, too sterile or had no look at all.

Then something caught our eye. It wasn’t a traditional conference room table.  It was a high top. The type of furniture designed for an active huddle space. Not the kind of table typically used to pacify you before a Powerpoint lobotomy.

When we inquired about the table we discovered it could be custom-made. Which meant we could choose the perfect length, width, height and color.

IMG_8993
We had our 58 inch TV monitor, but we couldn’t install it until we had the table, so we knew how high to hang it. It was our version of the chicken and the egg.

Placing The Order

We custom-designed our table to fit our conference room space like a proverbial hand in glove. We chose both the leg style and the leg color. Then came the biggest, and most important choice of all: the color of the surface.

IMG_8996
These six tall stools were anxious to rip their plastic off and meet some new butts.

Surfacing the Surface Color

We saw a model of our table with a white table top. It had a birch pattern to it, and it looked nice. But we picked out a few other color chips that might work as well. On the day we placed the final order I glanced at the sign in our office that says, Think like a rebel. I knew that white wasn’t right.

img_8997
We were finally birthing our conference room.  This is where the table began to crown.
Ta Da!  Our high red top table is up and ready for thinkness.
We finally knew the right height to hang our TV. Here you can see the monitor is well hung. The dry erase board, not so much.
img_9539
The whiteboard is now up. And we already have several chips on the table top. Potato chips that is.

All of the other rooms in our office have one red wall. It makes a bold statement and adds energy to each room. The ConFro (I just made that up) doesn’t have outside windows. We wanted to keep the walls white and bright to make the room feel bigger. So we used the bright red, high top table to make the room feel like the rest of the office.

Because our table is tall, you can use it in sitting mode, like Britt, or in standing mode, like me.  Is your mind totally blown by this versatility?

The table feels active. The red color energizes the room. The height of the table means you can either perch on the high stools, and feel like you are leaning into a meeting, like at a bar. Or you can stand without looking any odder than you usually do. You can also easily switch between the two positions, if you have ants in your pants.

Conclusion

We love the way our conference room has come together. We love that it offers a great hub for active thinking. We love that we have a tall, red-headed 48 inch by 96 inch table. We love our giant dry erase board for ideating and illustrating. We love having a large TV monitor for presentations, and for watching Netflix while eating lunch. We look forward to adding a few embellishments to the walls. But most of all, we look forward to having your stop by for a think.

*To follow the story of The Weaponry, and to see how this perfect agency project grows and evolves, consider subscribing to this blog.

The most valuable product my business produces shocked me.

In 2016 I left a salaried position with a large, stable advertising agency. I had amassed almost 20 years of experience as an advertising creative. Over the course of my career I had developed a clear vision of what the perfect ad agency looked like. And like Bob The Builder, I believed I could build it.

1 Year Later

A year later my startup ad agency was buzzing with activity. So I joined a CEO roundtable to surround myself with people who knew things I didn’t know. My Council Of Small Business Executives (COSBE) group meets once a month to compare notes, discuss issues and serve as a thought-provoking sounding board.

My Introduction

At the first meeting I attended back in August, the group asked me to take a couple of minutes to talk about me and my business. It was like the introductions you make at an addiction recovery group. You know, ‘My name is Adam, and I am an Ideaholic.’ Welcome brother Adam.

I told the group that my business, an advertising and idea agency called The Weaponry, had attracted ten clients in the first year. Those clients stretched from Florida to Atlanta, Boston, Montreal, Milwaukee, Salt Lake City and San Francisco.

Then I dropped this fun, and almost unbelievable footnote:

We did this despite the fact that we were a brand new business with:

  • no logo
  • no business cards
  • no website

The Insight

After I finished my quick overview on my business, the guest speaker that day said something that I will never forget.

‘There is only one way you could build a business like that. People really trust you.’

This guy was a total stranger. We had been in a room together for 15 minutes. Yet he gave me an amazing insight as to why my perfect agency project was working.

I knew I had clients that liked me. I knew they had good experiences with me. I knew that some of them thought I was funny or smart or creative, or perhaps a non-alchoholic cocktail of all three. But the only reason my business stood a chance of succeeding is that people I have worked with in the past, and those I meet today, trust me.

It’s a matter of trust. (Like Billy Joel said)

Trust is the key ingredient of a successful entrepreneur. It is the most valuable product that you will ever deliver to your clients.

  • My clients trust me with their money.
  • They trust me with their confidential information.
  • They trust me with their valuable time.
  • They trust me to reflect positively on their personal reputations.

Key Takeaway

If you want to increase your value to other people, increase your trustworthiness. Do what you say you will do. Deliver what you say you will deliver. Meet the timeline you said you would meet at the price you quoted. Always demonstrate that you’ve heard and care about the concerns of others. You’ll find the rewards far exceed the cost of doing business.

*If you found any value in this post, I trust you would find value in this blog. Consider subscribing to get each post delivered via email.

Why walking in a blizzard is so good for you.

I recently found this post in my rough drafts folder. It was originally written in June of 2016, but never published. At the time, my advertising and idea agency, The Weaponry, was a startup in the first months of life. The swirling uncertainty of startup-ness surrounded us. And that can mess with you…

From June 10th, 2016

Today I had a long talk with a co-worker who was having a hard time at work. Which is understandable. Because startups are kinda hard. Launching a startup is like walking in a blizzard. Wind and snow are all up in your grill. It’s cold. Visibility goes into the toilet. It’s difficult to navigate in these conditions.

In the middle of a blizzard your survival instincts tell you to seek shelter. It’s natural to want to escape the relentless wind, disorienting snow and mounting drifts. Sitting by a crackling fire, drinking hot chocolate is far more appealing to most people.

But I like walking in blizzards. I like being out when no one else is. I like doing things that build my character, my will and my personal legend. In the same way a callus rises as the result of repeated friction, strength grows from pushing against resistance.

You have to keep walking. You must have faith that you know where you are heading. You have to take steps forward, even when it is hard. Blizzards of the wintry, professional and personal kind are temporary. Eventually the snow will stop falling. The wind will chill the eff out. And the sun will come out again. When that happens, where will you be? It’s a matter of what you did during the blizzard. If you keep pushing, you will find yourself far ahead of where you started, far ahead of those who sought shelter, and closer to your ultimate goal. You’ll find the ultimate rewards far outweigh the hot chocolate you sacrificed along the way.

*To learn what has happened to The Weaponry over the past year and a half, check out some other posts. To see what happens next, consider subscribing to this blog.

My unique spin on the coffee meeting has come full circle.

One of the great traditions of networking is grabbing coffee. When you meet someone for the first time you suggest grabbing coffee. When you see someone you haven’t seen in a long time, you talk about grabbing coffee. Coffee gets grabbed more than an aspiring actress at a Harvey Weinstein pool party. #timesup

I don’t drink coffee. Ok, that’s not fully true. I have now had 4 cups of coffee in my life. That’s about one per decade. But the coffee meeting is one of the most valuable elements of professional development. It is a useful tool for developing and maintaining relationships. It can be used for research, informal mentoring and for stay at home moms to have sanity-preserving conversations with full-sized rational humans.

Despite the fact that coffee tastes like burnt bark juice, I love using coffee meetings to catch up with old friends or get to know new people better. I just do it differently.

Barista, The Usual.

My go to beverage at the coffee shop is chocolate milk. I love that stuff. It reminds me of Fridays in elementary school. Which was the only day chocolate milk was served at school when I was a kid. Today, drinking chocolate milk still feels like a party.

 

IMG_9320
This is my friend Andy. We regularly grab beverages,where we compare and contrast the merits of different hair styles. 

Andy Salamone

One of the people I regularly grab chocolate milk with is my friend Andy Salamone. Andy is an amazing guy. He started a business called CarSpot right out of college. He developed a way of aggregating used car inventory from dealerships into a centralized, customer-friendly online shopping experience. Andy and his team developed innovative technology to transform and grow the business until AutoTrader made Andy an offer he didn’t refuse. He sold the business several years ago, and now enjoys the fruits of his exit.

It is fascinating to talk to Andy as he scans the landscape looking for the next great entrepreneurial opportunity. He sees businesses the way an engineer sees a machine. He can talk you through the mechanics of creating an efficient device to deliver a great idea. He has been a great influence on me and the way I think about my advertising and idea agency, The Weaponry.

Recent Visit

Andy texted me last week and said he wanted to swing by and see The Weaponry’s new office. I was thrilled to have him see our space. He arrived with some really fun surprises. He had a gallon of Oberwies chocolate milk. Which is the chocolate milk equivalent to a Goody McGood bottle of Scotch. That alone would have been a great office warming gesture. Then Andy reached into the bag that contained the milk and pulled out four glasses with the five Great Lakes printed on them. On each glass there’s a heart printed right where Milwaukee sits on the shores of Lake Michigan.

IMG_9319
Cheers to friends, good fortune and frothy chocolate milk.

A Moment To Absorb.

Now picture this. As I poured my glass full of that chocolatey nectar of the Guernsey’s, I was sitting on a couch at the adverting agency that I always dreamed of creating. I toasted my good fortune with a friend and fellow entrepreneur. Then I set my new Great Lakes glass down on my custom-made The Weaponry surfboard coffee table.

My life was coming together just the way I had always imagined it would. Even my fellow Wisconsin Badger, Abraham Maslow would have grabbed one of my new glasses, raised it towards me and said, ‘Kid, it doesn’t get any better than this.’ #selfactualization.

A Toast

Make the time to grab a drink of your own choice with the people of your own choice. May you find your own version of The Weaponry, and chocolate milk and custom surfboard coffee tables. I hope that you look forward to going to work every day. I hope you get to design your life, your work and your tribe. May your days be full of great moments that are uniquely you. Here’s to feeling as if you are winning at life.

*To find out what happens in my life and business when I am not chugging chocolate milk consider subscribing to this blog.

 

The exciting first time my parents visited my office.

Starting your own business brings on a parade of exciting firsts. Each one marks an important milestone in the realization of your dream. There is your first client. Your first employee. Your first office. And your first lawsuit (I assume).

When I first launched my advertising and idea agency, The Weaponry, I created a human-like set of life stages that I expected the business to go through. I listed key developments that would happen at Rolling Over, Crawling and Running. That way I would have some sense of where the business I birthed was on its maturing process from newborn to Olympic athlete.

An Especially Special Day.  

On February 7th I had a uniquely proud first. My parents came to see my office for the first time. As an entrepreneur, your business is like a child. So that day I got to introduce my parents to their Grandbusiness.

My Parents’ Influence

My parents were responsible for planting the seeds that led to The Weaponry. Since I was a small child they taught me how to develop meaningful relationships. They taught me to think about the needs of others. They built my confidence to believe I could do whatever I set my mind to. They taught me how to be financially responsible. My mom taught me writing and public speaking. My dad taught me how to work hard.

They made several important decisions that put me into great schools in my childhood. Their Big 10 educations at the University of Minnesota influenced my Big 10 education at the University of Wisconsin. They helped support me through college. After graduation, when I was offered my first job as an advertising copywriter at Cramer Krasselt, they gave me the $500 I needed to move to Milwaukee, put a security deposit on my first apartment, and stock my pantry with ramen noodles. If it weren’t for my parents I probably wouldn’t be here.

The Tour

Showing off the office was really fun. Kind of like the first time I brought my wife, Dawn, home to meet my parents. I gave Bob and Jill the grandest tour our space would allow. I pointed out all the changes we had made. I shared plans for what’s next. And I got to introduced my Mom and Dad to my team.

My parents brought an office warming gift. It was my favorite celebratory beverage: a bottle of nonalcoholic sparking cider (I still haven’t matured to the hard stuff). It was a meaningful gesture from the people who have helped shape me through meaningful gestures.

Business and Family

This week more of The Weaponry’s broader family have visited the office. We’ve had one Weapon’s husband and another Weapon’s brother spend time with us. It’s important to me to have siblings, parents, children and spouses come to our office.  I want them to understand our culture. And I want them to feel part of it too. The more we can integrate our at-work family with our at-home family the more we are able to understand and support each other.

Conclusion

Thanks Mom and Dad for taking time to come see The Weaponry. Thanks for taking the time to meet my teammates. Thanks for the little boy bottle of bubbly. But most importantly, thanks for giving this little birdie a great nest to grow up in. And thanks for teaching me how to fly.

*If you would like to follow The Weaponry’s maturation process please subscribe to this blog.

The surprisingly simple way to test your risk tolerance.

Starting your own business requires a special mindset. You have to have both a tolerance for risk, and a confidence that you will succeed despite the odds stacked against you. But how do you know if you have the right kind of entrepreneurial wiring? Before I launched my advertising and idea agency, The Weaponry I didn’t have a predictive test to evaluate my risk tolerance. But now I do.

Tom O’Hara

I recenly had a very interesting conversation about risk with my friend Tom O’Hara. Tom is EVP & Enterprise Risk Management Director at Huntington National Bank. Evaluating risk is a challenging task. You must find a way to assess risk tolerance in a way that people can easily articulate.

One question Tom poses in his risk evaluation is this little diagnostic gem:

If you have a meeting with the CEO of your company at 7am, and your commute usually takes 15 minutes, what time would you leave for the meeting?

The answer to this hypothetical question reveals a lot about your risk tolerance. If you say 5:30am you have a very low tolerance for risk. If you say 6:45am you have a very high tolerance for risk. If you say 7am you have trouble understanding the time and space continuum.

My big aha!

As Tom talked through this simple predictive test, a fake lightbulb went off in my real head. I applied the same evaluative criteria to my approach to catching airplanes. When planning my departure for the airport I don’t work off the standard ‘Be at the airport 1-hour ahead of time’ rule of thumb. I know that the check-in period for domestic flights ends 30 minutes prior to scheduled departure. But I don’t use the 30-minute rule either, because I always check in online.

Instead, I use the ‘What time will they close the door?‘ rule of thumb. I have always thought this was the only indicator that really mattered. As a result I am often the last person on the plane. Which has freaked out many of my more conservative coworkers. Yet, I can only remember missing a plane one time in my entire business career. And that was because I had the wrong departure time in my head. Stupid departure time memory malfunction!

What this says about entrepreneurship

Clearly I have a high tolerance for risk. Because those airplanes, they don’t wait (I heard that in a country song). That being typed, I am never unprepared for my  travel too and through an airport. I have timed my airport route to the minute, and I allow for a degree of error in traffic, difficulty finding parking, and for crowds at security. On the other hand, my drive to the airport makes me feel alive. So does owning my own business.

Key Takeaway 

Know thyself (but don’t call thyself ‘thyself’). If you have to be at the airport two hours  before a domestic flight you may struggle with the coo-coo crazy of entrepreneurship. But if you like rolling onto the plane just as it prepares to roll away from the gate, you likely have what it takes to stomach a couple of years of unpredictability. But there is no right or wrong answer to risk tolerance. There are just different types of rewards. So whether you are traveling for work or pleasure, always consider the rewards that make you happy when you file your flight plan.

*If you like living dangerously and don’t mind missing any of my blog posts then don’t subscribe to this blog. But if you want to play it safe, and have every post emailed to your inbox upon publication, please subscribe today.