The Startup Chat with Steli and Hiten on Smash Notes

The Startup Chat with Steli and Hiten podcast.

December 31, 2019

Unfiltered insights and actionable advice straight from the trenches of startup and business life. The show hosts, Steli Efti and Hiten Shah, are both serial entrepreneurs who have founded multi-million dollar SaaS startups. Being busy CEOs of fast-growing companies, they know the value of your time and make sure you get the most out of each 22 minute episode. Tune in for new episodes every Tuesday and Friday.



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In today’s episode of The Startup Chat, Steli and Hiten talk about whether being an entrepreneur really the right way to gain more freedom in life.


It’s common for some people to think that being an entrepreneur is the right way to gain more freedom in life. However, this is not often the case, as sometimes, entrepreneurship can rob you of as many freedoms as it gives to you.


In this episode, Steli and Hiten address this belief by many that entrepreneurship grants you all freedoms in life, they stress the importance of defining what freedom means to you and much more.


Time Stamped Show Notes:


00:34 About today’s topic.


01:38 Isn’t freedom the main motivator for people becoming an entrepreneur?


02:09 Why you should do what whatever you need to do.


03:06 Why other people telling you what to do is easy.


03:53 How there’s a value in being told what to do.


05:31 Why you’re gonna need to have to work with people to be successful at something.


06:16 How entrepreneurship can rob you of many freedoms.


07:20 How you can design a life of freedom.


07:53 Why it’s important to define what freedom means to you.


08:22 How you can have a boss and still not feel like you’re being told what to do.


08:48 The biggest problem with the word “freedom”.


3 Key Points:


If you want the freedom to do whatever you want, then go on and do it.

Other people telling you what to do is easy.

The way everyone defines freedom might not be the same.


[0:00:00]


Steli Efti: Alright everybody, this is Steli Efti.


 


[0:00:03]


Hiten Shah: And, this is Hiten Shah.


 


[0:00:06]


Steli Efti: And in today's episode of The Startup Chat, I accomplished one of my favorite things to accomplish when I talk to Hiten, which is when I suggest a topic, and his reaction is, "oh God" or some version of that. That is usually, that means we are on to something interesting here. So, here's what I want to talk to you about today, Hiten, to share this with the listeners. Which is, somebody recently asked me, two days ago to be precise, is being an entrepreneur and is running a start up really the right way to gain more freedom in life?


 


[0:00:42]


Hiten Shah: No


 


[0:00:44]


Steli Efti: Nice, alright so, this is it from us for this episode of The Startup Chat.


 


[0:00:48]


Hiten Shah: Yeah, we're done. No.


 


[0:00:49]


Steli Efti: No [crosstalk]


 


[0:00:50]


Hiten Shah: You want special, go away, go do something else. Please do something else, do yourself a favor. Right now, don't do this, stop.


 


[0:00:57]


Steli Efti: Alright, so, let me challenge you now. I will play the devil's advocate, you know I really agree with you, but just for the fun of it. Aren't most people or aren't many people becoming entrepreneurs because they want to be their own boss, they want to have more freedom and do whatever they want, they want to achieve financial freedom and get so wealthy that they can do anything they want in life. Isn't freedom the main motivator why people become entrepreneurs?


 


[0:01:24]


Hiten Shah: If you want freedom to do one thing, one specific thing, yes you should become a founder, entrepreneur, start your own business. That one thing is simple, if you want freedom to do whatever you want, whatever you want, you should do that, yes. Whatever you want doesn't mean go on vacation. Whatever you want doesn't mean go traveling, but it is whatever you want with your professional life, whatever you want. Meaning, whatever decisions you want, buck stops at you. Nobody is going to really give you any guidance, tell you what to do, sometimes even your co-founders. Yeah. That freedom of space to do what you want, that freedom of not relying on anyone to tell you or hand y...

Key points in this episode

In this episode

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