Chicago Ecosystem

Sharon Schneider

The Entrepreneur's Hoax, and Why I Won't Play Along

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It seems like such an innocuous question: “How’s business? Everything going well?” People just want to be encouraging. They really are rooting for you and they just want to hear that a company they like (and an entrepreneur they like) is doing well.

I’ve read that the standard reply in Silicon Valley is to say something like “We’re crushing it!” and all I can think is Thank God I don’t live in Silicon Valley. If someone in Chicago said that to me I would raise my eyebrows and think they had been watching too much Entourage.

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Comments

Mike Powell

Great post Sharon! Thanks for sharing.

Thomas Stelter

Great post. Entrepreneurs by default have a certain degree of optimism embedded in their DNA, and often need to draw on it to get through the tough spots. Responding to "we're crushing it" with, "tell me more" usually creates a pause... :)

James Bellefeuille

Don't compare your business with another Entrepreneur's highlight reel.

Marcy Capron

This is precisely why I am starting that FounderTherapy group. We cannot afford to stay silent about what isn't going well or what we need help with.

And fwiw my typical response — if it's to someone who doesn't need to know my business beyond a certain point — is "hanging in there."

David Christiansen

Whenever someone asks me how my startup is doing I respond in one of three ways, depending on the person:

1) If I trust them and think they are sincerely interested, I say "Let me show you" and pull up the dashboard I use to manage my business.
2) In all other cases, I try to tell them an anecdote that is true and recent, like "We sold three subscriptions yesterday" or whatever problem I'm currently trying to solve, like "we're trying to figure out how to scale customer support to keep up with the demand".

The advantage of this is simple - the response is real, it invites substantial discussion, and it's factual.

If you're enthusiastic about your business you won't need to act. It will be obvious.

Sharon Schneider

That's great advice, David. Thanks for sharing.

Erik Severinghaus

Well put.

Richard Alesky

There definitely needs to be a balance between optimism and realism when talking about your start-up, otherwise you'll never get the help or advice you need.

Katherine Raz

THANK GOD someone wrote this. Kudos to you, Sharon. If we're not honest about where we are we don't learn from one another. Constant chest thumping turns the entire environment into a competitive place where no one feels comfortable saying, "I have no fucking clue what I'm doing. Maybe you can help me." And that's where, I think, the best work starts getting done. And the best collaborations start happening. And you find the best people to add to your team. Etc., etc.

Chicago doesn't have to be Silicon Valley. We've already been criticized for focusing too much on apps that "actually do stuff in real life." Hopefully we can carve out a reputation for keeping it real in other ways, too.

Sharon Schneider

Thanks for the kind words, Katherine. Admitting your weakness is always the first step to getting stronger, right?

Ninos Youkhana

Thanks Sharon, you are right..And, I love Entourage :-)

Daniela Bolzmann

I love the honesty of this post Sharon! Some of my favorite talks from entrepreneurs are when they share their truths...the up and more importantly the downs. For me, hearing the downs makes me feel like I am not in this alone and that others too have been through tough times.

Sharon Schneider

Thanks, Daniela. You are definitely not alone!

Maria Christopoulos Katris

Couldn't agree more. In addition, while the spotlight and press is great for a young company, it can absolutely deter you from focusing on your business-a trap many have fallen into and takes a fine balance to avoid.

Sharon Schneider

I'd love to answer that in depth, Maria, but i have to go focus on my business. :) Thanks for keeping it real, mama--and keeping me grounded.

Peter Bruce

Great post. Ups and downs are just part of life. How we handle them is what makes us who we are (or who we aren't). Just like a startup. "hard times come and hard times go" Bruce Springsteen

Sharon Schneider

Thanks, Peter? Truly, is there any situation where Bruce Springsteen's wisdom doesn't come in handy? I think not.

Peter Bruce

I've yet to have a problem that could not be solved by The Boss. "Keep pushin' till its understood and these badlands start treating us good".

Brian Maggi

Nice post Sharon.

There are two kinds of entrepreneurs – those who are compelled to be an entrepreneur and those who find it compelling to be one.

After that, it comes down to whether you're optimist or an opportunist. Optimists are better equipped emotionally to weather the highs and lows that come with being an entrepreneur.

Sharon Schneider

Thanks, Brian. If only there were a bright line to mark where you cross from Optimistville into Crazytown. :)

Jeff Carter

Yup, great advice and goes for the investors too! Investors shouldn't make commitments they can't keep or follow up on. That keeps entrepreneurs from "crushing it", or at least doing well.

Sharon Schneider

Thanks, Jeff, as always, for your support and encouragement.

I'm excited to announce the launch of my client, The Legacy Movement, an educational ecosystem for emerging entrepreneurs in underserved communities. The Legacy Movement was the lead business story in Saturday's Chicago Sun-Times.

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Peter Shen

Techweek 2012 Brings Chicago Tech Scene To A World Class Level

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Post originally posted at TigerStartups.

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Joel Grossman

Digital Leaders Provide Guidance to Build an Entrepreneurial Chicago

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Bryan Brochu

Celebrating Women in Innovation

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Last evening, the Chicago Innovation Awards and the Girl Scouts of Greater Chicago and Northwest Indiana partnered on an event to highlight the work being done by some of our region’s great female innovators. Located at the Girl Scouts’ Chicago Gathering Place, the event featured an intimate panel discussion centered around innovation, entrepreneurship, and leadership.

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Richard Komaiko

Support the Chicago Ecosystem!

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As many of you know, AttorneyFee recently opened a new office in Chicago.  We've had a lot of great fortunte throughout this process.  Many local service providers who believe in supporting startups have stepped up to the plate and provided us with free services.  We wrote this blog post partly to thank them for their support and partly because every startup in Chicago needs to know how awesome they are.  Share the love...

 

http://bit.ly/Ibmd8i

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