This weekend, I had the pleasure of presenting at the ACEL (Asian Corporate and Entrepreneur Leaders) Dynamics of Leadership Conference. My workshop was “How to be an Entrepreneur with No Ideas, No Money, and No Time.” I wanted to share some of my favorite books, blogs, and resources that I mentioned in the presentation with everyone!
Last week, I paid rent for the first time in a year and a half. I had paid rent (and for most of the time, a mortgage) for over 15 years prior to this. However, this payment felt different. This payment was made with money I earned as a full time entrepreneur.
I didn’t plan on living in my parents place for over a year and a half, but the circumstances worked out well. There are many ways where the Asian/Asian American culture hinders entrepreneurship (I’ve even started a support group called EntreAsians), but there are also ways where it helps. As in many other cultures, unconditional love of family is huge. My parents didn’t charge me rent, and probably would be borderline offended if I had offered to pay. They only allowed me to treat them dinners a few times, and only after I convinced them it was just a small amount. My time back in my home town and in my parent’s guest room allowed me to reduce my burn rate to almost zero as I struggled to create a business capable of supporting me.
Time for the latest Packer season ticket waiting list update!
- 2015 Priority Number: 37986
- 2014 Number: 38,338
- Difference: 352
- Projected time remaining: 78 years*
*Projected time remaining based off linear regression of last 3 years (takes into account post-Lambeau field expansion), and overall linear regression (takes into account more expansions in the future). Last three year projection is 100 years, overall regression is 57 years.
“Lifestyle business” was a new term I discovered a few months ago, and it really hit home to me. According to Wikipedia:
A lifestyle business is a business that is set up and run by its founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.
In July of 2012, I published a post entitled Reflections on one (and a half) years post-Procter. It is now June of 2015, or four and a half years after I left the corporate mother ship, or three years after the last post.
It’s fun to look back and see how things shook out, and maybe try to connect the dots looking backward. Here are some thoughts after reading my previous post again: