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How We Secretly Lose Control of Our Startups
Does Startup Success Validate Us Personally?
Should Kids Follow in Our Founder Footsteps?
The Evolution of Entry Level Workers
Assume Everyone Will Leave in Year One
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
Do Founders Deserve Their Profit?
The Utter STUPIDITY of "Risking it All"
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
More Money (Really Means) More Problems
Committees Are Where Progress Goes to Die
Wait a Minute before Giving Away Equity
Why do Founders Suck at Asking for Help?
The Value of Actually Getting Paid
Will Investors Bail Me Out?
Is the Problem the Player or the Coach?
Do People Really Want Me to Succeed?
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
Never Share Your Net Worth
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
The Ridiculous Spectrum of Investor Feedback
$10K Per Month isn't Just Revenue — It's Life Support
Why do VCs Keep Giving Failed Founders Money?
If It Makes Money, It Makes Sense
The Hidden Treasure of Failed Startups
My Competitor Got Funded — Am I Screwed?
Why Having Zero Experience is a Huge Asset
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Risk it All vs Steady Paycheck
A Steady Hand in the Middle of the Storm
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Why I'm Either Working or Feeling Guilty
Are Founders Driven by Fear or Greed?
What if I'm Building the Wrong Product?
How Startups Actually Get Bought
Quitting vs Letting Go
Actually, We Have Plenty of Time
Why Can't Founders Replace Themselves?
Who am I Really Competing Against?
Investors are NOT on Our Side of the Table
Plan for Bad Times, Budget in Good Times
Demo Article
When a $40m Exit is More Than a $200m Exit
Don't Fear the Reaper: AI Edition
Don't Let Investors Become Your Customer
We Can't Stay Out Of The Game For Too Long
What if Our Dreams Are an Illusion?
What if this isn't a "Big Business"?
Founders, Not All Problems Are Apocalyptic
Stop Listening to Investors
Can You Build a Startup in Less than 40 Hours per Week?
Unlocking the Power of a Startup Community
Strategies to Effectively Raise Capital for Your Startup Business
Are Bootstrapped Startups Less Valuable?
Why Founders Don't Ask for Help
Where to Find Startup Mentors to Take Your Business to the Next Level in 2023
What Is a Venture Capitalist and How Do They Work?
What Is an Entrepreneur? A 2023 Guide to Starting Your Own Business
A Guide to Different Stages of Funding for Startups
Time is Our Greatest Asset
The Toll of Everyone Around a Founder
Big Starts Breed False Victories
Once a Founder, Always a Founder
The Invention of the 20-Something-Year-Old Founder
When is Founder Ego Too Much?
Founder Impostor Syndrome Never Goes Away
Always Take Money off the Table
Should I Feel Guilty for Failing?
The Case Against Full Transparency
Why Do We Still Have Full-Time Employees?
This is Probably Your Last Success
How Many Deaths Can a Startup Survive?
How Should I Share My Wealth with Family?
Why Do VC Funded Startups Love "Fake Growth?"
Living the Founder Legend Isn't so Fun
Youth Entrepreneurship: Can Middle Schoolers be Founders?
How to get Customers for Startups
Founder Sacrifice — At What Point Have I Gone Too Far?
The Power of a Growth Mindset: How to Achieve Success in Your Startup
Startup Board Negotiations: How do I tell the board I need a new deal?
20 Best Kinds of Startups for 2023
Series A Funding Rounds
6 Similarities between Startup Founders and Pro Athletes
Choosing The Right Type Of Website For Your Business
Startup Failure is just One Chapter in Founder Life
What If my plan for retirement is "never retire"?
Is Quiet Quitting a Problem at Startup Companies?
If a Startup Sinks, Founders Go Down With it
Startup Growth Challenges: The Downfall of Becoming Internally Focused
Analyzing Startup Accounting Results

How to Find Minimum Viable Happiness

Wil Schroter

How to Find Minimum Viable Happiness

What's the least we need as Founders to be happy?

For as much time as we invest in building our startups to achieve our goals, we spend shockingly little time in identifying what those goals actually mean. The danger in not defining our minimum viable happiness goals is that we wind up hoping to "find happiness" but never really defining how to get there.

And that's a pretty big problem when we're in the early stages of building a startup when very little helps fill our "happiness meter."

It's easy to make big, lofty, far away goals, but frankly, that's pretty useless right now. What we need to do is identify the shortest term, minimum goals that will make us happy so that we do everything in our power to get there as quickly as possible.

We Need Safety

It's nearly impossible to achieve any level of happiness without safety. Safety is knowing that even though things aren't necessarily going great, we'll still be OK. We'll be fed, sheltered, and healthy. We may be eating Ramen noodles while living in our parents’ basement (in this scenario our parents won't feed us anything but Ramen) and probably out of shape, but we'll be safe enough to continue fighting.

We love to screw this one up. We say dumb shit like "I need $10 million in the bank to feel safe!" which is true — we'll totally feel safe. But that's a long way away, and that's not going to help us right now.

A more practical goal would be "So long as I can pay myself $5k per month my rent, food, and basic bills will be covered. I won't be living big, but I will be continually safe. If I can get to that goal, I'm good." Recognizing that safety is an achievable goal, and more importantly recognizing that we are safe, is super important.

We Need Validation

It's also difficult to feel "happy" while also feeling invalidated. We all get our validation in different ways, although the two most common places come from our jobs and our relationships. Our startups have such a profound impact on our validation because they feel like an extension of ourselves. Of course, that's our ego talking, but let's not compartmentalize our ego as something to be ignored. It matters.

Very few Founders take the time to truly define and isolate their source of validation. We come up with broad, amorphous goals like "When I sell for $100 million I'll be validated!" which is a shitty validation goal because it's too far away and it's very unlikely from a statistical standpoint.

Instead, we need near-term validation goals to help drive our happiness. "When we get to $10k of monthly recurring revenue, that's my minimum goal for validation." Does that mean we're done? Of course not. It means we're tying our need for validation to a goal that matters, is within reach, and we can build upon it. The alternative is never getting to any point of validation, which is a dangerous place psychologically.

We Need Pride

Similar to how validation supports our ego, pride refuels a precious resource — our optimism. Our optimism in the face of that insane void we all face is the only way we can press on. When do things we're proud of, that drives us to want to do more of it, and by way of that, fuels our happiness.

Conversely, when we fail or feel ashamed of our performance, it depletes our optimism and happiness which for a startup, is very dangerous. We can achieve pride, not through huge milestones like a funding round or a revenue milestone, but in the pride we get from our work.

Pride is about the customer we helped, or the product we shipped, or how we did right by our staff. Similar to validation though, we need to define what drives pride. For example — "My pride comes from shipping great products." While broad, that helps us recenter our focus so that we know where to refill that bucket of pride. We know that every time we ship, we feel happy. That cycle compounds over and over.

Minimum Viable Happiness only works when we take the time to isolate and focus our goals around what truly drives happiness in the near term. When we leave those goals undefined, we're constantly searching through that black hole of being OK without ever truly getting there. It's there if we look for it.

In Case You Missed It

Overwhelmed (podcast) Startups are often portrayed as a go big or go home affair, and as Founders, it's easy to get caught up chasing monumental goals and forget about the daily actions that will actually get us there.

What Happens After I've Made It? We always dream about our startups making it big. But what happens when they really do? What happens when all of the risks actually turn into the payouts we had always hoped for? Are we actually happier?

Growth Isn’t Always Good. In many cases, our focus on growth runs counter to what our goals really should be: becoming a better startup — not just a bigger one.

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