Many articles, books, and features you’ll come across related to entrepreneurship will glorify certain aspects of the startup world. Things like growth, users, money, venture capital, and typically the more positive or impressive aspects. The kinds of things that make for an eye-catching headline.
It makes sense. To someone dreaming of building their own company, these are certainly attractive prospects.
Who is Rand Fishkin?
Rand Fishkin is the co-founder and former CEO of Moz. Moz is an SEO software tools/services company with resources that help marketers make better decisions in regards to search engine optimization, link building, and more. During his time as the ‘Wizard of Moz’, Rand hosted the famous Whiteboard Fridays where he broke down complex topics on SEO and made them more easy to understand.
Lost and Founder Book
Lost and Founder is a book detailing Rand’s journey as an entrepreneur. In it he shares the many lessons, or as he calls them ‘Startup Cheat Codes‘, he learned over the years.
From dropping out of college with just a semester left to running a $45 million/year business, Rand has had quite the journey and there is so much you can learn from him in this book.
Some key topics you’ll come across are:
- Practical (and actionable) steps for technology startups.
- SEO, marketing, and digital influencer trends.
- Lessons on venture capital and warnings related to raising money.
- How your personal baggage as an entrepreneur will impact the company.
- Self-awareness and the struggle’s faced with being a founder.
Important Lessons from Rand
One of the most significant parts of Lost and Founder to me is the fact that Rand wasn’t afraid to share real truths about his life as an entrepreneur. No matter how painful, embarrassing, or personal, Rand uses his experiences as examples to help you learn.
To me, this is astonishing. How many people are willing to share these truths? When it comes to mental health as a whole, I think Rand’s book is very important in the journey to making these conversations more open.
While many of the topics covered were related to actionable things like marketing, development, and management, the lessons that resonated the most with me were:
Short Term Thinking vs. Long Term Thinking
The Importance of Company Values
The Importance of Transparency (this goes hand in hand with values)
Why Vulnerability isn’t a Sign of Weakness
The Power of Self-Awareness
You’ll have to read the book to get the full picture, but from the key lessons above, you’ll notice that many of them are related to personal battles faced by entrepreneurs. Struggles with mental health, how to seek help, how to practice integrity, and other important aspects of being an entrepreneur that are often forgotten about.
One quote in particular from Chapter 16: Self Awareness is a Superpower stood out to me:
‘Near the start of the session, Brad asked all the CEOs in the room to raise their hand if they had experienced severe anxiety, depression, or other emotional or mental disorders during their tenure as CEO. Every hand in the room went up, save two. At that moment, a sense of relief washed over me, so powerful I almost cried in my chair. I thought I was alone . . .’
Whether you are just starting out and seeking some guidance on how to navigate entrepreneurship or are facing intense personal battles after running a business for some time, Rand’s book can serve as a helpful tool and reference.