4.8 • 6.9K Ratings
🗓️ 26 May 2014
⏱️ 13 minutes
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0:00.0 | So today I want to talk about what I call embracing what is difficult. |
0:08.0 | About six months ago I was having dinner with the friend of mine, Alex, highly successful |
0:13.1 | entrepreneur. |
0:14.9 | Over the last five years he built a company that's doing two or three hundred million |
0:18.6 | dollars in sales from scratch. |
0:21.4 | And I was telling him a new idea I had for a business and I just kind of offhand said, |
0:26.6 | I don't know if I should do it, it's pretty hard. |
0:29.8 | When he looked at me and he was like kind of incredulous and he's like, tie. |
0:34.5 | No, you want to do it if it's hard. |
0:37.9 | You only make money doing stuff that's hard. |
0:42.3 | And it just clicked in my brain. |
0:44.4 | I remember I had gone to a little fireside chat with Elon Musk. |
0:49.2 | He's one of the founders of PayPal. |
0:52.9 | He also started Tesla SpaceX. |
0:54.9 | He's one of the only guys ever to start three companies worth a billion dollars. |
0:59.6 | And what Alex said matched up with what Elon Musk said, Elon Musk said, you get paid |
1:08.0 | in direct proportion to the difficulty of the problem you solve. |
1:13.5 | So think of it this way. |
1:15.2 | You solve a hard problem, got a chance to make a lot of money. |
1:19.2 | You solve an easy problem, you probably won't get much money. |
1:22.9 | If you work in McDonald's, how difficult of a problem are you solving? |
1:26.9 | You're handing somebody a hamburger and taking $5 from them. |
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