Book #7 The Bootstrapper’s Bible, by Seth Godin
I love this book. It gives you business 101 from the man himself. The main idea of the book is that bootstrapping is a state a mind, a way of thinking about the execution of your professional goals.
The tone of this book is classic Seth Godin inspiration. It begins with a section titled “The Bootstrapper’s Manifesto.” The advice is to tape the manifesto to your bathroom mirror and read it out loud before you go to bed.
I have included it here as a block quote for you to think about, and post on your bathroom mirror, and read it to yourself at night (smiley face):
I am a bootstrapper. I have initiative* and insight* and guts*, but not much money. I will succeed because my efforts and my focus* will defeat bigger and better-funded competitors. I am fearless. I keep my focus on growing the business—not on politics, career advancement, or other wasteful distractions. I will leverage my skills to become the key to every department of my company, yet realize that hiring experts can be the secret to my success. I will be a fervent and intelligent user of technology, to conserve my two most precious assets: time and money. My secret weapon is knowing how to cut through bureaucracy. My size makes me faster and more nimble than any company could ever be.
I am a laser beam. Opportunities will try to cloud my focus, but I will not waver from my stated goal and plan—until I change it. And I know that plans were made to be changed. I’m in it for the long haul. Building a business that will last separates me from the, and is an investment in my brand and my future. Surviving is succeeding, and day that goes by makes it easier still for me to reach my goals. I pledge to know more about my field than anyone else. I will read and learn and teach. My greatest asset is the value I can add to my clients through my efforts. I realize that treating people well on the way up will make it nicer for me on the way back down. I will be scrupulously honest and overt in my dealings, and won’t use my position as a fearless bootstrapper to gain unfair advantage. My reputation will follow me wherever I go, and I will invest in it daily and protect it fiercely. I am the underdog. I realize that others are rooting for me to succeed, and I will gratefully accept their help when offered. I also understand the power of favors, and will offer them and grant them whenever I can.
I have less to lose than most -- a fact I can turn into a significant competitive advantage. I am a salesperson. Sooner or later, my income will depend on sales, and those sales can be made only by me, not by an emissary, not by a rep. I will sell by helping others get what they want, by identifying needs and filling them. I am a guerrilla. I will be persistent, consistent, and willing to invest in the marketing of myself and my business. I will measure what I do, and won’t lie about it to myself or my spouse. I will set strict financial goals and honestly evaluate my performance. I’ll set limits on time and money and won’t exceed either. Most of all, I’ll remember that the journey is the reward. I will learn and grow and enjoy every single day.
This post is about Section one in the book. I picked it because it is very inspirational for people who would be entrepreneurs.
Seth uses the concept of focus. He has talked about it before in his blog, “you get what you focus on.” You need to focus on your goal and on your niche. Seth also mentions that goals are meant to be changed as time goes by. And as your goals change so does your focus.
I am here for the long haul
Seth’s point here is that we need to think long term. It’s like flossing and exercise: you benefit the from doing it long term. In the long term you create something bigger than yourself and you can help other people. When you execute a business from a longterm perspective you tend to make better choices.
I will know more about my field than anyone else
Seth uses Yves Chouinard as an example to make his point. Yves created Patagonia. He was able to create products that helped climbers, because he was one. He did it so much and knew so much about it that he knew what was needed. He created that which was lacking.
Selling is hard. Because of that, those who can sell are needed for business. You either have to learn to sell or pay big money to someone else who does.
This is huge. Entrepreneurship is an art. Like any art, one is constantly trying to improve, and not only have better quality art, but also have more innovate ideas, and make a difference in people’s lives. As a result, one does not wake up and feel artistically satisfied. There is a constant chasm between where you are and where you want to be, and it doesn’t feel good, but that’s okay. it's the life we chose!
I can do things that big companies can’t
Seth’s point here is that because you are small you don’t have a bureaucracy to deal with. You can get things done in a heartbeat, and you don’t need permission to make things happen. In the words of Seth Godin, “you get presidential input,” because you are the president!
*Also, I highlighted and marked the words initiative, insight, guts, and focus with an asterisk at the beginning, because these words come up again and again in Seth’s books. Initiative leads to work, which with focus leads to insight. With insight, guts can make your ideas become reality.