Entrepreneurs Need Not Be Young

I read this article It’s never too late to succeed: How this 60-year-old founder took her business from zero to $500 million in 6 years. Aside from learning Julie Wainwright’s inspiring story, I also learned this:

“A recent CNBC/SurveyMonkey Small Business Survey of more than 2000 small-business owners found that almost 30 percent launched a small business between the ages of 55 and 64. And another 22 percent were 65 and older.”


The Importance of Learning Boredom

Modern society though has almost obliterated the experience of boredom. Bored? Go on the internet. Bored? Play Candy Crush. Bored? Talk to your friends through social media. I thought this was a good thing, but according to the article I kicked my smartphone addiction by retraining my brain to enjoy being bored, the experience of getting bored is linked to higher levels of creativity. So if you never experience it, you might be lessening your chances of coming up with original ideas.

The article says: “Indeed, research suggests that people who want to come up with creative ideas would do well to let their minds drift. A 2014 study in theJournal of Experimental Social Psychology found that bored people “are more likely to engage in sensation seeking”—that is, to look for activities or sights that engage their minds and stimulate the brain’s reward centers. These people are more prone to “divergent thinking styles”—the ability to come up with creative new ideas. “Thus, boredom may encourage people to approach rewards and spark associative thought.”

“Coming up with a boring task (especially a reading task),” the authors conclude, “might help with coming up with a more creative outcome.” This may be because boredom can inspire “lateral thinking”—a form of engaging your mind to seek a more creative solution to the problem at hand because the obvious one is just not very interesting. So before you sit down to write, paint, or brainstorm a new project, it may be smart to spend some time washing the dishes or weeding the lawn—the better to set your brain roaming.”

Two Careers are Better than One, says Harvard Publication

Harvard Business Review published “Why You Should Have (at Least) Two Careers” by Kabir Sehgal. Here are some interesting excerpts:

“My corporate job paycheck subsidizes my record producing career…At the same time, I typically invite my corporate clients to recording sessions. For someone who works at an office all day, it’s exciting to go “behind-the-scenes” and interact with singers, musicians, and other creative professionals. While I was in Cuba making an album, one of my clients observed about the dancing musicians, “I’ve never been around people who have so much fun at work.” That my clients have a phenomenal experience only helps me drive revenue at work, so my corporate and recording careers are mutually beneficial.”

“For example, one of my clients wanted to understand what Chinese citizens were saying to each other. Because I am an author, I have gotten to know other writers, so I reached out to my friend who was a journalist at a periodical that monitors chatter in China…By being in different circles, you can selectively introduce people who would typically never meet and unlock value for everyone.”

“When you work different jobs, you can identify where ideas interact — and more significantly, where they should interact.”