Entrepreneurship has always gone hand-in-hand with personal development…
It takes a lot of perseverance to get a business off the ground, so it’s no surprise that the internal fuel needed to mentally stick it through is going to require some proverbial “gas stations”. It’s similarly unsurprising to see Tony Robbins (and all of his various alternatives) keynoting at nearly every large-scale entrepreneurship event.
Well, you know, back when we could actually have physical events…
I do see the value in some of this, but I also think the “self-help” component of our industry is getting too much spotlight.
Especially in the last few years, where TV shows like Shark Tank, Planet of the Apps, and so on have propelled the “start an online business” industry into something that’s no longer a mysterious niche of digital pioneers on the frontier of a new world…
The quest to build an online business has now become mainstream.
And with that new status comes a normalization of the apparent process; where the story of what success looks like needs to be packaged as something that’s compelling & digestible to the masses.
In other words, much like how “America’s Got Talent” has an obvious formula for packaging tropes like The Underdog, in the new world of mainstream entrepreneurship, the central narrative I see emerging around the idea of The Entrepreneur is what’s known as The Hero’s Journey.
If you’re curious, you can read up on the literary formula here. You’ll recognize this story arc in about half the movies you’ve ever watched, so for the sake of brevity, let me summarize it below within the context of entrepreneurship…
Act 1: Leaving the Ordinary World
- The hero – usually from humble roots – has a mundane life, but longs for something greater.
- They are confronted with some sort of Call to Adventure, which they initially reject out of fear or self-doubt.
- At this critical juncture, they meet a mentor figure who helps to “awaken the giant within”, giving the hero enough courage to start the quest.
- But to enter the “special world” (the unknown), the hero must cross the threshold and face risk in order to proceed.
- The Entrepreneur’s Adaptation: The hero’s ordinary world is unfulfilling, with limited prospects. They want more from life – to be someone of importance – and know that starting a business is the only real way to accomplish that. But the fear of failure and their self-doubt paralyzes them in place. That all changes once they find a mentor who can show them “the way”, where crossing the threshold into the new world means quitting their job, risking savings, raising debt, etc.
Act 2: The Special World
- After crossing the threshold into the unknown, the hero must face a series of challenges and tests, making friends and enemies in the process.
- This culminates in some sort of Supreme Ordeal, where the hero confronts and ultimately vanquishes his greatest foe – either physically, or internally.
- After surviving the Supreme Ordeal, by the thinnest of chances, the hero can finally Seize the Reward
- The Entrepreneur’s Adaptation: In the beginning, seemingly everything goes wrong. They can’t make sales. They face constant rejection. They’re just about to pull the plug, when out of the blue, the biggest deal of their life emerges as an opportunity. If they land this deal, then everything changes. But they’re up against steep competition, and early indications are that the deal won’t happen. The sense of loss & failure is overwhelming. But at the last moment – against all odds – the deal goes through, and their life is forever changed.
Act 3: Returning to the Ordinary World
- After the hero has secured the Reward, they take The Road Back once more, and cross the threshold back into the Ordinary World
- Instead of facing a series of challenges & tests, the hero now finds vindication, acclaim and perhaps even exoneration from some prior wrongdoing.
- Upon returning to the Ordinary World, the hero also brings with them some kind of Elixir that can help others – either a direct solution, or a fresh perspective.
- The Entrepreneur’s Adaptation: After landing the big deal, selling the company, or otherwise “making it”, the hero is praised by the Mentor and those who believed in them, and reluctantly vindicated by those who doubted them. In reviewing all of their prior struggles, and out of empathy for others still on that path, they then decide to help in some way – usually as a mentor, investor or teacher.
Sounds pretty familiar, right?
The fact is, for whatever reason, as humans we are hardwired to resonate with this narrative.
It’s why we root for the underdog, idolize the tortured artist, and put people who risk everything for their dreams on a pedestal.
But unfortunately – however deeply rooted – this is a narrative that’s also deeply inaccurate…
Effort ≠ Outcome
If we’re truly honest about what we observe in the real world, it’s one where The Hero’s Journey rarely plays out.
The vast majority of people work hard their whole life, face numerous challenges (and perhaps a few real tragedies), come to terms with downgrading their expectations, and generally have very unremarkable lives.
The fact is, it’s a goddamn “hero’s journey” just to make ends meet for most people… let alone accomplish anything remarkable.
And on the other side of the equation, almost none of the highly-accomplished people I know have had to undergo any kind of “pilgrimage”, or otherwise endure any kind of grandiose challenge to get to where they are. For the most part, they simply found themselves in a position where they had equity in a business (as cofounders, early employees, etc) that struck a nerve, grew quickly, and then got acquired.
Side note: If you’re wondering just what percentage of success is actually luck (it’s staggering)… or why simply being born in January drastically increases your chances of getting drafted to the NHL… then watch the Success Paradox, by Veritasium
But there’s another factor here, and it’s a big one…
The actual magnitude of a successful outcome has almost nothing to do with the time, effort or skill involved, either.
This is certainly true of my own experiences over the years.
Back in the affiliate days, some of my best performing campaigns & sites were literally thrown together in a matter of hours. One of the standouts was a 20-minute experiment with a new traffic source that yielded over $50K in profit in the first month alone (all from organic traffic – zero expenses).
After moving more into digital products, some of my biggest launches were for something I whipped up in a single day (like the Conduit Method, which sold something like 20,000 copies directly, and well over 100K units via resellers)
More recently, after rolling out a couple startups now (and advising on a few others), one thing I’ve seen over & again is that product-market-fit is critical. If your product is shitty and people are still clamoring to use it (eg. ActuallyRank), that’s when you know you’ve got something… and in fact that is the single largest indicator. No amount of marketing, polish or positioning will “fix” a lack of demand.
And outside my active business, I have a few examples of this in real estate – the biggest one being in 2017, where the housing market in BC had propelled valuations into the stratosphere.
When I bought the property, I wrote a $24,000 check as a downpayment. When it sold a few years later, the net proceeds were $277,000… greater than 1,000% ROI on the initial cash outlay. Aside from basic repairs and very minor improvements, I did virtually nothing to add any value. The market alone drove 99% of that outcome.
Conversely, I’ve had many major sites & projects – some that took months or even over a year to roll out – where the outcome was disappointing, to say the least.
Now, I’m not saying that the big efforts never pay off. Some certainly do. I’m also not saying that everything just comes down to luck. It doesn’t.
What I am saying is that your time & effort only contribute to the outcome if you’re working on the right thing, at the right time.
And finding the ideal takeoff point is rarely the grand finale of some heroic quest.
Half of my right thing / right time moments have been pure accidents.
But they’ve been getting more intentional, over time…
Hustling vs Harnessing
I remember my first surf trip with a friend when I was in high-school.
Growing up in Northern Alberta, this meant the road trip just to get to the nearest surf spot was a multi-day drive. So we had lots of time to anticipate (and guess) what surfing might be like, en route.
Like most people who’ve never tried it before, I figured the challenging stuff was going to be everything that happens after catching the wave; balancing, footwork, maneuvering through crowds, etc.
Suiting up and paddling out for the first time was an eye-opener.
We just got thrown around like rag dolls in the whitewash – with no idea how to time sets, or punch through to the outside (where unbroken swells begin cresting into rideable waves).
It turned out that catching waves had very little to do with technique, tactics or skill… and almost everything to do with reading the conditions, predicting when & where a swell would break, and where to be positioned on that wave so you could actually get the board hydroplaning.
In other words, surfing is truly a discipline of learning how to be in the right place, at the right time – as consistently as possible. Everything else – technique, balance, footwork and even paddling effort – is a very distant second.
I’m not a good surfer by any stretch, but I did spend about 6 months in Costa Rica in my early 20’s, where I eventually got the hang of it. And towards the end of my trip, I was finally reading the ocean well enough that I could catch most of the waves I paddled into. And crucially, the amount of paddling effort needed was minimal – maybe 3 or 4 decent strokes.
In essence, I’d finally learned how to harness a vast, external force – realizing that my own efforts would have almost no meaningful impact, and letting the wave itself do all the work, where all I did was line up the optimal position.
Surfing isn’t a sport that’s compatible with the Hero’s Journey narrative, because it doesn’t offer the Hero a leading role.
The ocean doesn’t care how much you want to catch a wave.
It doesn’t care about your background story, or any of the events that led you to pursue surfing, or to this current moment.
It doesn’t care how conditioned your body is, or how tough your mental game is.
It doesn’t care how good your gear is, or who made your board.
It doesn’t care how fast you’re paddling, or how much endurance you have.
The ocean is immensely powerful, immune to your actions, and indifferent to your existence.
You cannot influence it.
But once you realize this – and once you understand your role in the relationship – you can learn to harness its power, transcend the normal order… and walk on water.
While it’s not a perfect metaphor, surfing is definitely the thing that seems to rhyme the most with the reality of entrepreneurship. At least substantially moreso than narrative tropes like The Hero’s Journey.
And this is where I pick my bone with the meta-industry that now surrounds Entrepreneurship as a whole.
There’s so much emphasis on hustling, grinding and sacrificing everything until you’ve finally had enough mental breakdowns, enough damaged relationships, and enough hardship to justify a momentous breakthrough and “make it”…
…as though all of that shit is somehow a prerequisite to reading a market, and then harnessing its underlying demand by selling products that match observable trends.
This is akin to a bunch of self-help gurus descending on the surfing community and offering bootcamps focused on “paddling strategies” and “endurance hacks”.
It ignores the reality of how the ecosystem actually works, and what the experience is actually like.
But I think I understand why this (false) narrative is so persistent…
It’s because it frames us as the Hero, with a leading role. Where our efforts mean something, our struggles are part of the process, and everything happens for a Higher Reason – which is leading us towards the eventual payoff.
Sure makes for a nice story.
However, like the ocean – your market is an indifferent force. It doesn’t care about your story, or how hard you try, or that you exist.
And you will be far better served by focusing on how to harness it… rather than trying to hustle within it.
The Lazy Marketer
“I always choose a lazy person to do a hard job. Because a lazy person will find an easy way to do it.”
~ Bill Gates
If you’ve made it this far, well, first of all – you’ve beaten the odds! (Congratulations)
But secondly, I’m guessing you find this perspective at least somewhat compelling.
If that’s the case, then you’ll probably really like what I’m rolling out in September…
This has been in the works for a while, but at long last, I am re-launching The Lazy Marketer brand this month… along with a whole new look & feel for the old brand…
Think of it as the ultimate “surf forecast” series, where we look for perfect storms taking shape – along with huge waves of opportunity for marketers.
In addition, we’ll also be offering elite MasterClass courses, on occasion…
One such occasion is next Tuesday (Sept 8th).
More details on Tuesday, but if you’re curious – check out the 7-Figure Consulting MasterClass
In a nutshell, the course covers…
- A genius twist on consulting that can generate as much as 7 figures per project
- How a straightforward marketing gig can generate a $25M payout
- The framework for earning 18,000% more from a client project vs “regular consulting”
- Specific examples of projects (and clients) where this is possible
- Why this version of consulting is the ultimate business model for marketers in 2020
This will be the long-running upsell in behind all of the “surf reports” series, since this model is the perfect way to leverage most of these trends quickly.
And it’s also the ultimate, anti-hustle version of consulting that has been my primary business for a few years now. The business model focuses heavily on certain low-hanging actions for key types of clients that can drive huge outcomes… and where your compensation is partially tied to those outcomes.
I’m opening the doors (at a substantial discount) next week, from Tues-Fri.
So if you’re intrigued by that business model, then this is definitely the time to consider grabbing it…
But regardless, stay tuned for our forecast series. The first intel report is set to come out in a few weeks.
Happy metaphorical surfing 😉