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  3. Consume Information That Encourages You To Do More - Dalton Caldwell

Summary

Consume information that encourages you to do more

Consuming information that encourages you to do more is crucial. It is important to be thoughtful about the kind of information you consume, ensuring that it motivates you to work on your goals rather than discouraging you.

Key points:

  • Be mindful of the information you consume
  • Avoid excessive consumption of media that focuses on hero-worshipping investors and fundraising
  • Instead, consume media that inspires you to build and create
  • Positive feedback on your efforts is important
  • Fundraising should come after building something
  • Excessive consumption of fundraising-related media can make you feel incapable of achieving your goals.

You don't need permission from investors to start a company

  • The first step in starting a company is not securing funding, but determining who you want to work with and what you want to build.
  • It is important to focus on taking action and making things, rather than solely on valuation, board meetings, and branding.
  • Thought leadership and notoriety can be established later on.

Is thought leadership important?

Thought leadership may not be as important as it seems, especially in the early stages of a company. It can be a distraction from the core task of making the company work. However, if thought leadership directly contributes to getting more customers and improving the bottom line, it is worth pursuing. Otherwise, it may not be a productive use of time.

Your thought process is influenced by the information you consume

Your thought process is heavily influenced by the information you consume. Here are the key points to consider:

  • The information you rely on shapes your thinking as a founder.
  • Just like the five people you spend the most time with, the five most common sources of information you consume have a significant impact on your thought process.
  • Be mindful of the kind of information you consume.
  • If the information inspires and motivates you to build more, work harder, and move in the right direction, it is beneficial.
  • However, if the information is discouraging or leading you off track, it is best to stop consuming it.
  • Prioritize consuming content that uplifts and inspires you.

Consume information that encourages you to do more

Consuming information that encourages you to do more is crucial. It is important to be thoughtful about the kind of information you consume, ensuring that it motivates you to work on your goals rather than discouraging you.

Key points:

  • Be mindful of the information you consume
  • Avoid excessive consumption of media that focuses on hero-worshipping investors and fundraising
  • Instead, consume media that inspires you to build and create
  • Positive feedback on your efforts is important
  • Fundraising should come after building something
  • Excessive consumption of fundraising-related media can make you feel incapable of achieving your goals.

You don't need permission from investors to start a company

  • The first step in starting a company is not securing funding, but determining who you want to work with and what you want to build.
  • It is important to focus on taking action and making things, rather than solely on valuation, board meetings, and branding.
  • Thought leadership and notoriety can be established later on.

Is thought leadership important?

Thought leadership may not be as important as it seems, especially in the early stages of a company. It can be a distraction from the core task of making the company work. However, if thought leadership directly contributes to getting more customers and improving the bottom line, it is worth pursuing. Otherwise, it may not be a productive use of time.

Your thought process is influenced by the information you consume

Your thought process is heavily influenced by the information you consume. Here are the key points to consider:

  • The information you rely on shapes your thinking as a founder.
  • Just like the five people you spend the most time with, the five most common sources of information you consume have a significant impact on your thought process.
  • Be mindful of the kind of information you consume.
  • If the information inspires and motivates you to build more, work harder, and move in the right direction, it is beneficial.
  • However, if the information is discouraging or leading you off track, it is best to stop consuming it.
  • Prioritize consuming content that uplifts and inspires you.
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