“Do You Think You Are a Successful Entrepreneur?”

Recently, in an email conversation with a tech journalist who is interested in doing a story about LockerPulse, I was asked “do you think you are a successful entrepreneur?” What a loaded question!

My answer was “mostly yes.” Yes because I successfully left my career 5+ years ago and have never since needed any other source of income beyond my own business. By my standards, I’ve created a comfortable living for myself, one that should be able to support my family and I for a long time. Yes because I get to work on projects that genuinely excite me. Yes because I get to work with great people. Yes because I’ve experienced first hand how our products and services have led to satisfied customers. Yes because we’ve created 3 full-time jobs with good benefits that would not have existed had it not been for our successes to this point.

No because I think I/we still have a lot to offer. We can make our products better. We can make our customers happier. We can do our small part to make the internet, and the world we live in, a better place. As long as that’s the case I can’t answer “yes” because a “yes” answer would (to me) imply complete satisfaction, and that is definitely not the case.

I do, of course, define success by my own metrics. Striving to become the next Instagram, only being satisfied with a $100M buyout, doesn’t really interest me. Building a great company with great people that aspires to do great things interests me far more.

7 comments on “Do You Think You Are a Successful Entrepreneur?”

  1. Dale says:

    That’s too bad Adam, I put a lot of work into organizing all my investors to raise the $100M to give you the offer. Guess I’ll have to go blow it on OMGPop.

    • Adam McFarland says:

      Haha. To clarify, we’re not working towards that, nor or we defining success by that, but if it falls in to our lap I’m sure we’d take it 🙂

  2. Rob says:

    I think success is an ever moving goal. At one point you might say that you’ll feel successful when x happens, but invariably on the journey to making x happen you discover y, which you’d also like to have a go at.

    Always be striving for better, but make sure you stop and smell the roses on the way.

  3. Tim says:

    That is a very difficult question, I would correlate “success” with happiness/well-being, satisfaction with work/business and achieving goals (both personally and in business). If your business is moving in all of those directions at once I don’t see how you could think it wasn’t a success. Though I’m sure some entrepreneurs have dollars (or power) directly tied to success, depends what the entrepreneur wants.

  4. Adam – I dig your theory here. I think in general success = (happiness + freedom). I’d call you successful 🙂

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