Second Time Entrepreneurs Not As Successful
Mr. Gutman on why successful entrpreneurs are not necessarily as successful the second time around: “To win you have to submit to the lunacy of the crazy world we live in. If you won’t push the pedal to the floor, you can bet your competitors will. And while you may be motivated even with cushy surroundings and shorter days, the people you hire will take it as a signal that they can relax too. No one will work harder than the boss. That’s one of the unfortunate rules of all organization. So if you’re on your hard-earned less-stress route to success, the people you hired are acting like cashed-out second-time entrepreneurs too! They can’t avoid it, it’s just human nature. Of course they’ll be disappointed to find out that when you stop funding the project they’ll go back to being poor schnooks, and if you didn’t blow all your cash (some people do) you’ll still be rich.”
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