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The most expensive minute of your life

Starting over in business
Sometimes you just have to know when it’s time to move on.

To that end, a quote from James Altucher:

My first business I sold for $15 million. We built websites for entertainment companies. Bad Boy Records, Miramax, Time Warner, HBO, Sony, Disney, Loud Records, Interscope, on and on. Oh, and Con Edison. Mobb Deep would hang out in my office. Trent Reznor from Nine Inch Nails would stop by. RZA from the Wu-Tang Clan would want to play chess.

Then I saw that kids in junior high school were learning HTML. So I sold the business.

Are you ready (much less willing) to get out of the game you’re in?

More importantly, are you ready to start over?

Starting over is hard. It tends to take longer than you expect. It will probably cost more than you expect. But…if you see the handwriting on the wall, every minute you wait is even more expensive and painful than the last.

4 replies on “The most expensive minute of your life”

“Starting over is hard”, yeah but it’s a whole lot easier when you have a 15 million cushion. Even without the big payday behind you, most of us will need to start over or re-invent ourselves many times over our lifetime.

Unfortunately for James, his cushion was fleeting. The key to this is that if we don’t replace ourselves on our terms and our schedule, someone else will do it for us – and more than likely it’ll be on their terms and their schedule.

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