Career Leverage is like having a catapult to launch you forward, while everyone else is marching steadily forward (or for some, pulled backward). [Work in Progress: Part 04]
Some excellent advice herein about building a high leverage career. I especially appreciated the concept that the product or service be replicable and scalable.
That said, historical data indicates that at least 75% of new companies fail. Further, the global economy is consolidating, making it more difficult for a small company to penetrate the market and survive. Entrepreneurship, especially solo entrepreneurship, is not for the faint of heart.
For most of us, then, the best bet for a high leverage career might be a high leverage role at an established, well-capitalized business.
The highest leverage definitely means the highest risk.
That's why I think there are options for increasing leverage over the course of one's career (looks like you have, as an example) and I'm not sure, say, founding a VC-backed business is necessary or even a smart decision for 99% of people.
I vividly remember a quote about the founder of Uber: “He was willing to run through a brick wall” for the sake of the business. Really something, but it doesn’t describe 99% of us, as you noted.
Some excellent advice herein about building a high leverage career. I especially appreciated the concept that the product or service be replicable and scalable.
That said, historical data indicates that at least 75% of new companies fail. Further, the global economy is consolidating, making it more difficult for a small company to penetrate the market and survive. Entrepreneurship, especially solo entrepreneurship, is not for the faint of heart.
For most of us, then, the best bet for a high leverage career might be a high leverage role at an established, well-capitalized business.
What do others think?
The highest leverage definitely means the highest risk.
That's why I think there are options for increasing leverage over the course of one's career (looks like you have, as an example) and I'm not sure, say, founding a VC-backed business is necessary or even a smart decision for 99% of people.
Agree whole-heartedly.
I vividly remember a quote about the founder of Uber: “He was willing to run through a brick wall” for the sake of the business. Really something, but it doesn’t describe 99% of us, as you noted.