What they don't tell you about entrepreneurship

Bookmarked from here.

This TEDx talk is about finding a sense of purpose. Many people start an entrepreuner journey to get a sense of purpose, but there are other ways.

Mark Leruste explains that among entrepreneurs, the resounding feeling is how tough the journey is and how lonely it can sometimes feel. According to Bloomberg, 8 out of 10 new businesses fail within the first 18 months. A study by Prof. Freeman at university of California found that 1 in 3 entrepreuners experiences depression.

So when did it become cool to be an entrepreneur? The rise of the superstar entrepreneurs (think Elon Musk, Steve Jobs) has given birth to the new aspiring celebrity of the 21st century. It feeds into our needs to be recognized, to be famous, to be rich.

But it goes deeper than that. Most people lack a sense of purpose. According to psychologists, having a sense of purpose gives you a much better chance of having a longer life, than pretty much anything else.

People think that finding a purpose means finding the meaning of life, of their life. But actually, you can find quests and purpose everywhere. Quests come in all shapes and sizes. They’re not measured by how impactful they are but rather by how they make you feel when you actively pursue them. A quest is something that for whatever reason is grabbing your curiosity even when you don’t want it to.

For instance, Mark had a micro-quest: start a business in 7 days with only a hundred dollars. He bought fruits and proteins and sold protein-shakes at a festival. He managed to sell all of his protein-shakes and made a net benefit of 9 dollars.

This yearning we have of having a quest, having a purpose, is at the hart of why so many people believe that starting a business is the only way to get that sense of freedom, adventure and purpose. You think you wanna start a business, but what you’re actually looking for is a quest. You can find purpose and meaning working for an organization and you can find it in your freetime.

If you don’t know where to start, trust the things that you’re curious about. Follow the things that you’re interested about. Those are your breadcrumb. Next thing you know, they lead you to your quest. And if they scare you, that’s great, because what scares us is often what we most need to do.