There’s a big difference between being self-employed and being a business owner. Being self-employed feels like freedom until you realize that if you take time off, your business crumbles. To be a true business owner, make it so that you could leave for a year, and when you came back, your business would be doing better than when you left.

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Four years before I started CD Baby, as I was recording my first album, I needed to borrow $20,000 to buy studio equipment. My dad said, “Instead of my lending you money, start a corporation. Then the family business can buy shares in your corporation.

If you set up your business like you don’t need the money, people are happier to pay you. When someone’s doing something for the money, people can sense it, like they sense a desperate lover. It’s a turnoff. When someone’s doing something for love, being generous instead of stingy, trusting instead of fearful, it triggers this law: We want to give to those who give.

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Avoiding failure leads to success.
The winner is usually the one who makes the least mistakes.
This is true in investing, extreme skiing, business, flying, and many other fields.
Win by not losing. Most people die of cancer and heart disease.
So yes, avoid that.
But those who die from accidents die younger, losing more years of potential life.
So try even harder to avoid accidents.

Busy is what happens when you’re at the mercy of someone else’s schedule.

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