How to view stress as an entrepreneur

When it comes to entrepreneurs, the typical saying is that we get to choose which 80 hours a week we want to work. That’s a lot of hours, and a lot of effort. But with that can come stress. Or maybe not.

Studies have shown that our bodies and their cells have two extremes that affect them negatively: too much effort or stress put on a cell and no effort or stress put on a cell, i.e. if one becomes overwhelmed with things to do versus having nothing to do.

All of us would love to have nothing to do, but that defeats the purpose of one’s life, but do we look for having too much stress? Well, there’s a TED talk about it.

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Ethics of the Entrepreneur

Here’s a great video regarding entrepreneurship.

Israel Kirzner is an Austrian economist and one of the world’s foremost experts on Ludwig von Mises’s methodology and thought.

In this lecture given at a seminar in Aix-en-Provence, France in 1993, Kirzner talks about ethics, entrepreneurship, and how wealth is created in society. He also describes the distinction he made between two kinds of ignorance: ignorance of specific knowledge but having the knowledge of how specific knowledge may be obtained, and sheer ignorance — not knowing how to access specific knowledge because we don’t know what we don’t know. Kirzner says that sheer ignorance requires an entrepreneurial role to overcome it, which allows entrepreneurs to discover demand for products and services that consumers didn’t even know they needed or wanted. Watch the video below.

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Changes in the Winds of Life and Business

Shock diamond

I was with my dad when he passed away on April 21st. While I was watching my dad pass and experiencing this part of life it reminded me of my days in the USAF and the lessons learned and how it applies to the cycle of life and business.

I was in the USAF for over 13 years. The military is a mission- and team-based organization and you have an overall mission which determines everyone’s focus while the team means everyone bears all of their talents and skills to accomplish that mission. I spent a number of years in the USAF Aircraft Maintenance field working with F-4s, F-16s, F-15s and F-111s (and B-52s and KC-135s, but I can discuss the “heavies” another time) and I got to know a number of the fighter pilots and some of their training. It included knowing: weather, flight, basic physiology, mechanics and electronics, navigation, etc. Learning to fly in weather means avoiding bad weather if possible, it also means watching out as the weather changes which affects how you get to your destination and monitoring your aircraft resources, i.e. fuel, etc. to ensure you arrive safely.

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