In today’s Startup Therapy Podcast, Wil and Ryan discuss how founders often miss out on paying themselves and why it's essential to grab the chance when it happens. You know how some founders think, "I don't deserve this yet" or "I should put this money back into the business"? Rather than risking a missed chance, it's best to take advantage of the opportunity while it's available. You might not get this chance again, o seize the moment and take that money off the table now.
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Resources:
What to Listen For
- 00:00 Intro
- 02:27 The “I don’t deserve this yet” mindset
- 05:18 Slowly taking chips off the table
- 08:51 Think of it as your money
- 15:01 Take that shot right now
- 17:33 Belief in exponentially as a certainty
- 22:56 The probability of that greater future is low
- 26:18 You’re digging a hole for yourself
- 28:03 Take it and just give it back
- 29:08 How to think of losing when you’re in the process of winning
- 33:46 The opportunity might never happen again, so just grab it
What is Startup Therapy?
The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.