Naval no longer keeps a calendar but is busy all day long. But, he prioritizes whatever feels most important to him at that moment.<ul><li>Even when you have to do unpleasant things, at least you do them without them being forced upon you.</li><li>You can only live this lifestyle if you’re willing to disappoint people’s initial expectations of you.</li></ul>

Naval's Calendar

The companies that succeed are always reinventing themselves and their productsRegardless of positional title, creative people within a company need to have the opportunity to control their time in a way that optimizes and maximizes their creative potentialIf you let operations bog down the subconscious mind of a creator, their creations will never come to fruition.

A Creative Person Needs Space

You want to spend all your time on that thing you are good at. Everything else is a necessary evil that should be outsourced.

If you’re the founder of a company, you’re probably world-class in somethingThere is someone out there that is world-class in the things you don’t want to doDon’t just hire off of skill though, you will only truly hand over the reins if you believe they have a like-minded ‘founder mentality’Recruit founders who have failed through no fault of their ownAn example could be a founder who had the best product in a category that just didn’t have a market fit. These people have a ‘founder mentality’ and haven’t been burnt out yet.

The Founders Mentality

CEO is the job you take because there is no other choice, you don’t trust anyone but yourself to make the venture successful<ul><li>CEO is a high-stress, people management role.  </li><li>The CEO is the company psychiatrist, always dealing with people issues.</li></ul>

A Profile Born Out Of Necessity 

Be free of mind and free of time. Boredom leads to creativity.

If I had to articulate how happy I am today, you’d have to lock me up, you can’t have people this happy running around in society.

To be a founder, you have to be world-class in something. Make sure you’re spending the majority of your time doing that thing; this is your ‘zone of genius’.
<ul>
<li>Not compromising will allow you to be a valuable contributor for a much more extended period of time and avoid burnout.</li>
<li>Believe it or not, there are passionate people that are world-class in the work you don’t enjoy doing. Outsource this work to the right people.</li>
</ul>

No Need To Be a CEO To Be an Effective Founder

<ul><li>Traditional CEO: raise money, communicate the strategy, recruit and retain the team</li><li>Product CEOs: provide product vision</li><li>Sales CEOs: provide sales leadership</li></ul>Discussing burdens as a CEO is hard as our board could lose faith in you and your employees could stop following youThere is incredible pressure, because many times the investors are investing in the founder just as much as the product.

Being A CEO

Free time is an incredibly valuable asset – a full calendar can be good for productivity but not creativityCreativity starts with an empty calendar, but eventually, your calendar gets filled up with execution and a busy calendar is the death of creativityHaving control of your time in a creative job, assuming you’re self-motivated, is the ultimate hack.

Time Is More Valuable Than Money

In this episode, Matt Mochary and Naval Ravikant (founder and former CEO of AngelList) talk about why you don't need to be the CEO. Naval explains how he realized it wasn't the role he wanted at AngelList, what he did to get over his fear of stepping back, and how much more value he can (and does) create now that he is no longer in that role.If you are not loving being CEO, know that there is likely someone who can do the job better than you, and you can create much more value in the role that you actually love. FULL VIDEO 🎥https://youtu.be/WJuQLzr6PJQRESOURCES ✨- Zone of Genius: https://docs.google.com/document/d/11UVWJox31Ani8Cq6Ymhm6DiVUiv5vPkOQd8ZdGpYmbs/editSOCIALS 🐦- Follow Naval on Twitter: https://twitter.com/naval- About Naval: https://en.wikipedia.org/wiki/Naval_Ravikant- Check out Naval's Website: https://nav.al/- Follow Matt on Twitter: https://twitter.com/mattmochary- About Matt: https://en.wikipedia.org/wiki/Matthew_Mochary- Learn More About the Method: https://www.mocharymethod.com- Podcast produced by: https://www.twitter.com/_rpgbx- Podcast edited by: https://twitter.com/MedleysMindWant to join the Mochary Method software team? 💻- Apply at https://mocharymethod.com/careers

personaldevelopment

Personal Development

motivationandinspiration

Motivation & Inspiration

business

Business

startup

Startups

podcasts

Podcasts

Matt Mochary, Author of The Great CEO Within and coach to high-profile tech investors and CEOs, hosts the Mochary Method. Where each episode he interviews high-profile tech investors and CEOs, getting to the root of how they successfully run their companies.

NAVAL RAVIKANT

Similar ideas

Embracing Boredom

Boredom Sparks Creativity

Embracing boredom as a positive force