Nathan Fraser – Anatomy of A Failed Passion Project [PODCAST #599]


Nathan Fraser and I have both been participants and critical observers of an interesting scene over the last decade. During that time we've watched, and participated in, projects driven by a passion for liberty but doomed by a lack of foresight and direction. Today we'll discuss how a libertarian passion project can find a way to outwit the devil. We'll explain.

Why are so many liberty activists attracted to entrepreneurship?

The connection here is kind of obvious, but if freedom is the sole priority
we risk becoming what Napoleon Hill called "aimless drifters."

A Lesson From A Book Called The $100 Start-Up:
Passion is only a third of the whole equation; you also need skills and customers.For a passion to become more than a hobby, we need to need focus on income and costs.

in other words, keep your day job at first, and learn skills that support your passion.

What are the most common reasons activists fail at business ownership?

A lesson from a book called The E-Myth:
Having great technical skills or knowledge does not mean you can run a business. If you're not ready to contemplate and embrace all the roles of running a business, you'll wind up driving yourself crazy.

Don't confuse entrepreneurship with agorism. Agorism doesn't scale.

How can you tell if your business idea is worth pursing?

- Always validate your business ideas
- Look in places where people are already making money
- Test the interest in your big idea through a series of smaller commitments

More About Nathan Fraser:
The Free Market Squad: The Mastermind Group
Need Help Growing Your Business?
A Free guide to stop losing sales on your online store

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