Randy Komisar’s Cautionary Word on the Deferred Life Plan and Thoughts on Cultures of Entrepreneurship
I find myself coming back to nuggets on Stanford’s Entrepreneurship Corner frequently. These two, taken together, are like a motivational one-two punch if you’ve got entrepreneurship in your blood. Randy is right on the money. In the first video, he warns against the concept of a deferred life plan, when people put off what they really want to do for what is expected of them. He says that deferring life is when you are deferring your sense of excitement and passion for what you really care about and points out that working hard is not inconsistent with the deferred life plan, but doing so for a product that you do not have interest in is.
In the second video Randy points out that most entrepreneurship in the world is not mission-driven, but inspired by necessity and he challenges the audience with the idea that fostering a strong culture of entrepreneurship can provide a surrogate notion of empowerment and democracy (that we are lacking). So what do you love to do? Wanna change the world? What are you waiting for?
