TeachingEmpowering
Entrepreneurship is at the leading edge of self-responsibility, requiring complete ownership of your situation, decisions, thoughts, actions, and results
Eben defines entrepreneurship as requiring complete responsibility for yourself, your situation, decisions, thoughts, actions, results, and value produced for others
A 'driver' is someone who takes ownership of delivering results rather than just working for a paycheck, developing the ability to motivate themselves and get back on track
Eben describes drivers as people who take personal responsibility for delivering results, work more seriously than most, and have developed the ability to pick themselves up and keep going
Most people take a reactive stance to life, waiting to see how things turn out before deciding what to do, which they mistakenly think is being proactive
Eben explains that most people wait and see how things turn out before deciding actions, thinking this is proactive when it's actually reactive
When you feel out of control, say 'I am responsible' - even through gritted teeth - to discover how you're responsible and create ways to change your circumstances
Brian Tracy teaches in Psychology of Achievement that saying 'I am responsible' when upset helps you discover your responsibility and create change - Eben cites this as a key practice
Building something others don't see is psychologically challenging because we're wired to imitate others' thoughts, emotions, and behaviors, not do our own thing
Eben references Gregory Burns' ideas from Iconoclast about the challenge of being human while building something emergent that others don't see or understand
To succeed in business, you must believe something will happen with no evidence and keep yourself focused on it until you create it - what psychologists would call insanity
Eben describes entrepreneurial success as requiring belief without evidence and sustained focus until creation, noting psychologists would describe this as insanity
A leader can see the future, make pictures of it, describe it, and interpret how current events will create that future
Eben defines modern leaders as those out in front in terms of time and understanding, able to see, visualize, describe, and interpret the future
Leaders must balance conflicting needs between customers, business, and themselves, finding the overlap zones where everyone's needs can be met
Eben teaches using Venn diagrams to find overlap zones between customer needs (most value for lowest price), business needs (highest price for least value), and personal needs
Rejoice when you experience conflict because it's practice - mastering conflict management is one of the true tests of leadership
Eben teaches that conflict provides learning opportunities and practice, with conflict mastery being a true test of leadership ability
TeachingEmpowering▶ 12:43 Becoming an entrepreneur is like jumping out of the business nest - taking responsibility instead of relying on someone else to innovate, find opportunities, and take risks
Eben compares entrepreneurship to leaving the job world where someone else does the innovating, opportunity finding, and risk taking, requiring you to step up and take full responsibility
TeachingEmpowering▶ 13:42 Entrepreneurship requires reaching business and financial adulthood - being ready to not have enough money in the bank and realizing no one will rescue you
Eben describes entrepreneurship as requiring readiness to face insufficient funds and the realization that no one will show up to rescue you