Today on The Startup Chat, Steli and Hiten talk about what’s currently on every entrepreneur’s mind - the holiday season!
For the most people, this time of year is a time for celebrating the holidays with family and friends. But for many founders and entrepreneurs, the end of the year is a time to reflect on the last year and think ahead to the new one.
In this episode, Steli and Hiten talk about what you can do to use this time of year in the most productive way and make sure the new year is even more successful than the last.
Time Stamped Show Notes:
00:36 – About today’s episode.
02:58 – Hiten talks about why this season is used as a time for reflection.
04:00 – Steli points out that everyone finishes the year with reflection and goal-setting.
05:03 – Steli shares an online discussion he participated in, in whether you should hustle or take a break through the holidays.
07:19 – Hiten points out that making such decisions personal to entrepreneurs.
08:05 – Why the decision to work or take a break during the holiday season is irrelevant to both Steli and Hiten.
09:38 – What you should really do instead.
11:49 – Why it’s important to should use this season to reflect and think about what to do in the new year.
15:18 – Steli points out that momemtum in all areas of life can be a good and bad thing.
16:06 – Steli teaches a hack that you can use to track your year.
What to do should not be a discussion — “to each his own” is a phrase that perfectly applies to this.
Do the things that you want — it’s your personal choice.
Track your year by listing down your biggest achievements and the lessons you’ve learned.
Steli: Hey everybody, this is Steli Efti.
Hiten: And this is Hiten Shah and today on the Startup Chat, what are we going to talk about Steli?
Steli: Well, Hiten, I think we're going to talk about the mood that we're all in, which is, you know, we're kind of in the tradition between holidays, New Year's, and kind of kicking off 2018. I think we're going to talk a little bit about that season from an entrepreneurial point of view, from a subtle point of view. First, things slow down, right? Kind of, I think it puts people into kind of a contemplating mood, you start reflecting back on how this year went, and you start trying to prepare for what the goals and what the change is, and what the, quote, unquote, resolution should be for next year. I think we want to just go through this a little bit from our own lenses and maybe highlight some of the things startups and entrepreneurs can do to use this time in the most productive way possible to make sure that the next year is going to be killer and successful and that they accomplish the right type of things that they want.
Hiten: Yeah, I love that. I think I'd like to split it into two. I think there's two things people do during this time in my experience, which is they reflect on the year and what's gone on, in this case in 2017, and then they think about kind of what's next. In some cases, one thing I wanted to mention is, you mention startup and founder perspective. I found this to be a business and personal perspective as well, holistically, regardless of size of company or what you're up to because a lot of companies go into planning mode pre-holidays and even into the holidays depending on how aggressive the company is and how much they let you have a holiday, so to speak. They're planning out next year, they're doing forecasts and all the fun / boring stuff depending on how you look at it. And then, other companies that are much smaller, like a startup, they tend to not have formal processes. Sometimes they don't even think about this stuff, but there's still a bunch of reflection and kind of figuring...