The Naval Podcast – Work as Hard as You Can

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of a conversation between Naval Ravikant (@naval) and Babak Nivi (@nivi). Unless otherwise noted, quotes are from Naval. For reference, check out Naval’s famous How to Get Rich tweet storm.

Key Takeaways

  • “If getting wealthy is your goal, you’re going to have to work as hard as you can”
    • BUT – “Hard work is absolutely no substitute for who you work with and what you work on”
  • The hierarchy of importance:
    • “What you work on is probably the most important thing”
      • AKA Product-Market-Founder fit (how well you personally are suited to a business”
    • Next – Picking the right people to work with
    • Third – How hard you work
    • But – they’re like 3 legs of a stool, if you shortchange any one of them the whole stool is gonna fall down
  • The order of operations when building a business/career:
    • First – Figure out what you should be doing
      • Is there a market that’s emerging that you’re interested in?
      • Is there a product you could build which would fall in line with your specific knowledge?
    • Second – Surround yourself with the best people possible
      • “No matter how high your bar is, raise your bar”
      • “You can never be working with other people who are great enough. If there’s someone greater out there to work with, you should go work with them.”
      • A good tip on deciding which startup to work for – Pick the one that will have the best alumni network for you in the future
    • Third – Work as hard as you can (AFTER you’ve picked the right thing to work on and the right people to work with)
  • “Nobody really works 80-120 hours a week sustainably at high-output with mental clarity”
    • Knowledge workers tend to sprint while they’re working on something that they’re inspired/passionate about and then they rest
    • Sprint —> Rest —> Re-asses —> Try Again
      • (You end up building a marathon of sprints)
  • Inspiration is perishable
    • When you have the inspiration, act on it right then and there – otherwise you probably won’t do it
  • Be impatient with actions and patient with results
    • “If I have a problem that I discover in one of my businesses that needs to be solved, I basically won’t sleep until the resolution is in motion”

These notes were edited by RoRoPa Editing Services