Wizard of Ads Monday Morning Memo

The Mark of a True Entrepreneur


Listen Later

The traditional aristocracy of inherited wealth, position and influence is a false one, in my mind.

You were born into an influential family. You went to the right kindergarten, the right grade school, the right college, and you party with the right people. You invented the phrase and the wink, “It’s not what you know, it’s who you know.”

You are a house cat.

You think desperation is an enemy that should be avoided at all costs. But who else can you turn to when you need to clear your mind, focus your thoughts, summon your courage, and unleash your creativity?

Desperation will do all of this for you, and more.

Desperation is the friend and the ally of every alley cat.

Desperation is the mark of every true entrepreneur.

Have I angered you? I’m sorry. That wasn’t my intention. I was just hoping to encourage those friends who are facing deadly peril, whose options are limited, whose bank accounts are depleted, whose backs are against the wall.

That’s never been you? Oh… now I see why you’re angry.

You’ve never really had an adventure.

In 1992, I helped a friend launch a company that he later sold for $68 million. I can still remember several occasions when his circumstances became so painful that he said he wanted to “curl up in the fetal position.”

A few years later, I helped a friend who is brilliant, disciplined, and highly organized. He sees situations clearly and has remarkable judgment. When his company sold for $125 million, I pointed these traits out to him as the reasons his company had thrived. He looked at me very sincerely and without a trace of humor shook his head and said, “No, it was desperation.”

“I have often fallen into a doom loop, convinced that I was about to lose everything.” These are the words of a friend whose company revenues are rapidly approaching $1 billion a year.

One friend whose net worth is currently more than $2.5 billion speaks of a time 20 years ago when cash was so tight that, “I lived in a tent with my wife and children in the back of our little shop.”

These are only 4 of the 400 true entrepreneurs I have known.

I’ve never met a self-made person who didn’t have stories of desperation.

Stress and trouble are the unmistakable signs of adventure.

No stress?

No trouble?

No adventure.

“When we’re safe at home we wish we were having an adventure. But when we’re having an adventure, we wish we were safe at home.”– Thornton Wilder

Don Quixote saw beauty in Dulcinea when everyone else saw commonness, so he decided to be her champion. And because he was tired of being safe at home, he went looking for adventure. The balance of his epic book are the tales of his battles: his victories and his defeats, his parades and his embarrassments, his glistening moments of accomplishment and his painful regrets. Quixote challenged lions, fought giants, and struggled with adversaries on every side.

“And I know if I’ll only be true

To this glorious quest,

That my heart will lie peaceful and calm

When I’m laid to my rest.”

“And the world will be better for this;

That one man, scorned and covered with scars,

Still strove with his last ounce of courage

To reach the unreachable star.” 1

“Scorned and covered with scars…” describes every true entrepreneur.

People often ask why I am attracted to Don Quixote. Here is my answer:

Don Quixote was a house cat

who decided to become

an alley cat.

Roy H. Williams

...more
View all episodesView all episodes
Download on the App Store

Wizard of Ads Monday Morning MemoBy Roy H. Williams

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

47 ratings


More shows like Wizard of Ads Monday Morning Memo

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

226,206 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,349 Listeners

The Human Upgrade: Biohacking for Longevity & Performance by Dave Asprey

The Human Upgrade: Biohacking for Longevity & Performance

7,197 Listeners

Monday Morning Radio by Dean Rotbart

Monday Morning Radio

36 Listeners

The Glenn Beck Program by Blaze Podcast Network

The Glenn Beck Program

25,596 Listeners

The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,101 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,789 Listeners

VINCE by Cumulus Podcast Network | VINCE

VINCE

63,409 Listeners

Craig Groeschel Leadership Podcast by Life.Church

Craig Groeschel Leadership Podcast

10,693 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,460 Listeners

Shawn Ryan Show by Shawn Ryan

Shawn Ryan Show

42,482 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,304 Listeners

The Artificial Intelligence Show by Paul Roetzer and Mike Kaput

The Artificial Intelligence Show

173 Listeners

Imprimis by Hillsdale College

Imprimis

226 Listeners

Candace by Candace Owens

Candace

6,644 Listeners