I realized that higher pay didn’t equate to a better job fit for me. I do know that at the end of the day, life is so much richer than the number on your tax form — and that’s a lesson that’s priceless.
Not that there is anything wrong with financial success.
Schweitzer Engineering Laboratories, a manufacturer of sophisticated equipment for the global power industry based in Pullman, WA, solved its people problem internally.
While others outsource, Schweitzer goes DIY. While others establish a tightly focused definition of work history and skills they’re looking for, Schweitzer focuses on fundamentals: “I like to hire smart people with good values and strong fundamental education,” says founder Ed Schweitzer, who started the company in his basement 35 years ago. Today, it employs just over 5,000 and has revenue of nearly $1billion.
Schweitzer also set the company up as an ESOP, meaning it’s employee-owned.
Even in Silicon Valley, maximizing financial success isn’t everyone’s preferred road, like Craig Newmark — the Craig in Craig’s List.
“Basically I just decided on a different business model in ’99, nothing altruistic,” he said. “While Silicon Valley VCs and bankers were telling me I should become a billionaire, I decided no one needs to be a billionaire — you should know when enough is enough. So I decided on a minimal business model, and that’s worked out pretty well. This means I can give away tremendous amounts of money to the nonprofits I believe in … I wish I had charisma, hair, and a better sense of humor,” he added in a completely deadpan voice. “I think I could be far more effective.”
When enough is enough.
A quaint concept by today’s standards.
Read the stories.
Think about them.
Then create your own definition of success—what you want, not what you’re supposed to want.
I know it gets old, but here is yet another reason to subscribe to CB Insights newsletter. At the end there is a section called The Blurb that provides four links to exceptionally excellent content, such as
Manson is referring to the oft stated advice to new grads to “find your passion” when looking for work. Seems a lot of those people write him saying they don’t know what their passion is and asking how to find it.
But more importantly, what I want to say to these people is this: that’s the whole point — “not knowing” is the whole fucking point. Life is all about not knowing, and then doing something anyway. All of life is like this. All of it.
He points out some basic truths about work and passion/loving what you do.
Priorities, like buying food and paying the rent/mortgage, often trump passion.
You can work for the priorities and spend the rest of your time on your passion.
Even your dream job will include parts that suck and some days when it all sucks.
If you’re passionate about something, it will already feel like such an ingrained part of your life that you will have to be reminded by people that it’s not normal, that other people aren’t like that.
If you have to look for what you’re passionate about, then you’re probably not passionate about it at all.
A child does not walk onto a playground and say to herself, “How do I find fun?” She just goes and has fun.
You won’t find your passion in a set of data points.
Nor will you find it by looking/asking/ranting/whining.
Just because your best friend loves their job doesn’t mean you would.
People change. Your passion at 25 may not be your passion at 45, let alone at 65.
Don’t just read Manson’s essay, think about it and then apply the lessons learned to your own life.
I guarantee you’ll be a far happier/satisfied/passionate person.
Last spring I wrote that passion sustains me and keeps my writing, but that even passion needs a day off now and then.
But what happens with there is no day off; when passion is continually cranked up?
When passion runs wild it can lose touch with reality.
You can see the aftermath of unchecked passion in companies whose positional leaders were so focused on their vision that they allowed nothing to stand in the way and the political leaders who are more focused on spreading their ideology than fixing their country.
A Friday series exploring Startups and the people who make them go. Read allIf the Shoe Fits posts here.
The words and images people share through social media have enormous spin.
This is especially true in the startup world where image is everything and perception is key to the next round of funding or investment.
The purpose is to tell the world how world-changing the tech, amazing the team, great the opportunity and how perfectly they are executing.
In other words, they are ‘crushing their goals’, ‘wowing the world’ and ‘killing it’.
Not only that, they are doing it with nary a bump or pothole along the way.
(If you believe that I have a great deal on a lovely orange bridge that would look great in your backyard after you IPO.)
Lee Hower, Co-founder & Partner of NextView Ventures and former entrepreneur at LinkedIn and PayPal, wrote a very needed commentary regarding the hyperbole that irrigates the startup ecosystem.
As he says, “not everybody is killing it and certainly not all the time.”
If anything, the constant social media barrage claiming to be ‘killing it’ is increasing denial, making it harder to admit the challenges, let alone actual problems, and further limiting entrepreneurs ability to talk about it.
Entrepreneurs who go public do so after the fact offering useful insights on how they overcame. While this is valuable, it can make it even more difficult for those in the throes, with no one to talk to.
Entrepreneurship is a double-edged sword; while it can be enormously rewarding, it can also destroy and even kill you — or all of the above.
There are two important take-aways in all this.
Don’t believe everything you see/hear about how others are doing.
Never forget that your pursuits won’t thrive unless you survive.
This week has been an interesting confluence of events across the world stage.
Uber continues to be in the news, this time they decided to fire the head engineer, Anthony Levandowski, who is at the heart of the lawsuit with Google.
The US is on the verge of leaving the Paris Accord, something that could quite possibly have a generational effect.
Suicide bombs continue to tear apart lives across the globe.
What is at the root of these three things?
I believe it is fear.
They say the coward dies a thousand tiny deaths, but a brave person dies one glorious death.
I can tell you right now these are cowardly acts.
To begin, Uber is in the fight for its life. They are losing money every day with their current model. They are betting big on automation and have come up against Google over perceived theft of proprietary documents.
If they lose this they could be done. When you step back and look at the ride sharing model, it’s needed but it’s not unique. The barriers to entry are low and there is no differentiation of product from one company to the next.
They need to lead the space in automation because it’s the future and is inevitable. Fear has led them to both hire and fire the engineer at the center of it all. Perhaps they believe this will help their case, time will tell.
The US leaving the Paris Accord is monumental. I am not a scientist, but I can say this: I inherently know that pumping carbon emissions into the air is bad. Add to that the science that supports it and you begin to see the need to somehow influence climate change for the better.
Why would a president risk the lives of future generations so that a few energy companies can prosper?
Fear. Fear has gripped the voters in the first place who chose not to better their lives through education, which would enable them to better their lives.
Fear is in the president’s heart as well to think that climate change is not real.
Finally it brings us to terror.
These plots are designed to disrupt and bring fear to the masses. It is sometimes effective and can have lasting implications.
How do we combat fear?
One way is by seizing the courage to move one step forward at a time. Embrace the fear and look st how destructive it can be and then make a move against it.
That could be helping someone that isn’t like yourself. Learning about a new culture. Perhaps even sitting down to talk with someone on a different political aisle then yourself to learn why they believe the way they do.
It starts with believing people have value regardless of position and then embracing them.
Perhaps that’s too simplistic, but I know in my own life it has worked and is scalable.
This is a generation, after all, that thinks of itself as “forever young,” even as some near 70. Most of all, what came across onscreen as well as in Greenfield-Sanders’ portraits was an unapologetic affirmation of the essential Boomer mantra—yes, it is still all about ME.
For a small, and supposedly lost, generation, Gen X’ers have found their way to positions of power. (…)Gen X’ers, incidentally, are among the most highly educated generation in the U.S.: 35% have college degrees vs. 19% of Millennials.
We all know that everything moves faster these days — whether products, attitudes — or generations.
So, without more ado, meet Generation Z, which encompasses those born between 1995 and the early 2000s.
They present a new challenge to bosses, especially since they bear little resemblance to Millennials.
The question for most bosses and bosses-to-be is this: having finally wrapped their heads around Millennial dos and don’ts is it worth the effort to add Gen Z to the repertoire?
Actually, you don’t have much choice, since there are 79 million (and counting) of them.
It’s amazing to me, but looking back over more than a decade of writing I find posts that still impress, with information that is as useful now as when it was written.
Even more amazing, the funny ones are still funny. I lived for 25 years in San Francisco and read the SF Chronicle and Jon Carroll regularly, which is where I learned about Mondegreens. My own personal Mondegreen is the “pickled bass” (i.e., fickele past) in the chorus of Cross Over The Bridge,
Golden Oldies is a collection of some of the best posts during that time.
I thought I’d share some Memorial Day appropriate fun with you today and get serious tomorrow. I’ve written about palindromes (no relation to Sarah) and I’m sure I will again, but today I have three patriotic mondegreens courtesy of Jon Carroll.
In a nutshell, a mondegreen is a mishearing of song lyrics—as you might guess, kids are a great source of them.
The term was coined by Sylvia Wright in 1954 when she wrote about a song she heard as “Ye highlands and ye lowlands/Oh where hae you been/They hae slay the Earl of Murray/And Lady Mondegreen,” only to learn years later that it was actually, “They hae slay the Earl of Murray/And laid him on the green.”
So here are three to help launch your Memorial Day celebration.
I love this first one, it could be the start of a new oath for people who take jobs on Wall Street.“I led the pigeons to the flag” (for “I pledge allegiance…)
Next, is a possible opening line for a song about Congress, “Oh, beautiful, for spaceship guys,” only it might be more accurate if it was ‘oh, beautiul, for spacy guys…’
This final offering has to be the product of a hungry five-year-old, “America, America, God is Chef Boyardee.”
For more mondegreens be sure to use the link above.
A Friday series exploring Startups and the people who make them go. Read allIf the Shoe Fits posts here.
I get so tired of people being labeled “self-made,” whether by the media, their circle or themselves.
There is no such thing.
I can hear your thoughts across the miles. “Who is she to say there’s no such thing as self-made. Just because she didn’t do it doesn’t mean I can’t.”
I agree, I’m nobody, but Arnold Schwarzenegger is a well-known somebody and he says the same thing.
I always tell people that you can call me anything that you want. You can call me Arnold. You can call me Schwarzenegger. You can call me ‘the Austrian Oak.’ You can call me Schwarzy. You can call me Arnie. But don’t ever, ever call me the self‑made man.
It took a lot of help. None of us can make it alone. None of us. (…) And I have to say that it is important to acknowledge that, because people make it always sound that you did all this yourself.
I didn’t. I did it with a lot of help.
Yes, I was determined. Yes, I never listened to the naysayers. Yes, I had a great vision. Yes, I had the fire in the belly and all of those things, but I didn’t do it without the help.
Here’s the full video in case you think I made it up.
Now stand in front of the mirror and say three times, “I am not self-made.” Repeat twice daily until you believe it.
I was having a conversation this week about Silicon Valley companies. Some of them are doing amazing things.
When I was job hunting I would look at several and imagine myself there changing the world.
There were several though that also had great funding, great people, but I could not understand for the life of me what they did. They had a great list of customers, but I could not understand the value they brought.
There are two possible solutions to that conundrum.
One, I am just not savvy enough to understand (a very real possibility).
Two, they were full of hype and energy, but not substance. I can imagine that both statements are true when you look at the vast array of companies in the valley.
With that said, have we lost the forest for the trees? Have some companies been so hyped that people continue to pour money into them hoping for a huge payday that may never come to fruition?
Uber is in the news for a variety of reasons, some good, some bad. I recently read an article that Uber and Google are working on flying cars. While the concept of flying cars seems cool… I guess, I am more concerned with the participating companies.
Google provides value, products and that elusive quality, profit. They are well established, have multiple streams of income and could fail at this endeavor and live another day. It’s exciting to see them using their money for grand ideas, but it won’t decimate them either.
Uber provides value and services, but zero profit.
In fact, if Uber was run like a traditional company or household, they would have never even gone to market.
They operate more like a country that can print its own money. They take on debt, lose billions every year, yet keep on trucking.
Venture capital and perhaps greed are what allow this to occur. If they fail at the flying car concept what does it mean for the rest of the business?
I know there are very smart folks who are there and who are invested. I often wonder what their long game is. Do they believe they will become profitable at some point if they hang on long enough?
Another thing to consider is the economy. We have easy money right now with very low rates of interest.
For an investor it makes more sense to go with a high risk investment versus storing it in savings, because they essentially lose money due to inflation.
When the markets tighten does that mean Uber cannot seek out another round of funding?
My point is this.
Have we lost sight of the incremental steps it takes for us to achieve greatness by thinking we can accelerate the whole process with enough capital or am I the Luddite here?
I am a believer that debt can be good when there is a viable business model. I am less impressed though when a company has never turned a profit and had no projections to do so at any point soon, but can be valued so highly. What makes Uber so unique?
I say we need to keep dreaming the big dreams, but also look at the foundation.