Essay on hard work is a key to success - correlation research definition pdf









essay on hard work is a key to success

essay on hard work is a key to successEssay on hard work is a key to success -When John Smith finishes school he is expected to get a job.A programmer can sit down in front of a computer and create wealth.If a fairly good hacker is worth $80,000 a year at a big company, then a smart hacker working very hard without any corporate bullshit to slow him down should be able to do work worth about $3 million a year. I'm not claiming the multiplier is precisely 36, but it is certainly more than 10, and probably rarely as high as 100. They just represent a point at the far end of the curve.Here is a brief sketch of the economic proposition.What leads people astray here is the abstraction of money. But kids are so bad at making things that they consider home-made presents to be a distinct, inferior, sort of thing to store-bought ones-- a mere expression of the proverbial thought that counts.You get up in the morning and go to a new set of buildings, and do things that you do not, ordinarily, enjoy doing.If you have to introduce yourself, or someone else describes you, it will be as something like, John Smith, age 10, a student at such and such elementary school, or John Smith, age 20, a student at such and such college.But I think it could give you an edge to understand the underlying principles. Will a startup inevitably stop being a startup as it grows larger?May 2004 (This essay was originally published in Hackers & Painters.) If you wanted to get rich, how would you do it?The Proposition Economically, you can think of a startup as a way to compress your whole working life into a few years.If starting a startup were easy, everyone would do it. Bill Gates is a smart, determined, and hardworking man, but you need more than that to make as much money as he has. There is a large random factor in the success of any company.This fallacy is usually there in the background when you hear someone talking about how x percent of the population have y percent of the wealth. In restoring your old car you have made yourself richer. Kids know, without knowing they know, that they can create wealth.Wealth is whatever people want, and not dying is certainly something we want.It works as a medium of exchange, however, because its rarity is guaranteed by the U. The disadvantage is that it tends to obscure what trade really means.Socially, a company looks much like college, but the deeper you go into the underlying reality, the more different it gets.You don't have to know physics to be a good pitcher.Lots of people get rich knowing nothing more than that.But the similarities feel greater than the differences.Why are there so many startups selling new drugs or computer software, and none selling corn oil or laundry detergent?A mediocre programmer over the same period will generate zero or even negative wealth (e.g. This is why so many of the best programmers are libertarians.essay on hard work is a key to successPeople think that what a business does is make money. The Pie Fallacy A surprising number of people retain from childhood the idea that there is a fixed amount of wealth in the world.I am much the richer for the operating system Free BSD, which I'm running on the computer I'm using now, and so is Yahoo, which runs it on all their servers.Bill Gates would be rich, but he'd be somewhere near the bottom of the Forbes 400 with the other guys his age.There are a lot of ways to get rich, and this essay is about only one of them. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. If you had a magic machine that could on command make you a car or cook you dinner or do your laundry, or do anything else you wanted, you wouldn't need money.In fact John Smith's life has changed more than he realizes.If you make violins, and none of the local farmers wants one, how will you eat?If one person gets more, someone else has to get less.If you're a good hacker in your mid twenties, you can get a job paying about $80,000 per year.If you plan to start a startup, then whether you realize it or not, you're planning to disprove the Pie Fallacy. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. Wealth has been getting created and destroyed (but on balance, created) for all of human history. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. The world is-- and you specifically are-- one pristine old car the richer. If you need to give someone a present and don't have any money, you make one.Then there is one more multiple: how much smarter are you than your job description expects you to be? Combine all these multipliers, and I'm claiming you could be 36 times more productive than you're expected to be in a random corporate job.We are all richer for knowing about penicillin, because we're less likely to die from infections.What a company does, and has to do if it wants to continue to exist, is earn money.If wealth means what people want, companies that move things also create wealth.In our world, you sink or swim, and there are no excuses.There are a few differences: life is not as much fun, and you get paid, instead of paying, as you did in college.And that's what you do, as well, when you go to work for a company.No doubt Bill did everything he could to steer IBM into making that blunder, and he has done an excellent job of exploiting it, but if there had been one person with a brain on IBM's side, Microsoft's future would have been very different.But money is just the intermediate stage-- just a shorthand-- for whatever people want. There is, in any normal family, a fixed amount of money at any moment. When wealth is talked about in this context, it is often described as a pie. When you're talking about the amount of money in one family's bank account, or the amount available to a government from one year's tax revenue, this is true.A great programmer, on a roll, could create a million dollars worth of wealth in a couple weeks.There are plenty of other ways to get money, including chance, speculation, marriage, inheritance, theft, extortion, fraud, monopoly, graft, lobbying, counterfeiting, and prospecting. It is a kind of shorthand: money is a way of moving wealth, and in practice they are usually interchangeable. essay on hard work is a key to success Ditto for many other kinds of companies that don't make anything physical.And indeed, the lumpy ashtrays we made for our parents did not have much of a resale market.Like all back-of-the-envelope calculations, this one has a lot of wiggle room. If $3 million a year seems high, remember that we're talking about the limit case: the case where you not only have zero leisure time but indeed work so hard that you endanger your health. There is a conservation law at work here: if you want to make a million dollars, you have to endure a million dollars' worth of pain.All they had to do was play hardball with licensees and copy more innovative products reasonably promptly.Startups usually involve technology, so much so that the phrase "high-tech startup" is almost redundant.Hackers often donate their work by writing open source software that anyone can use for free.How do you get the person who grows the potatoes to give you some? But you can't get very far by trading things directly with the people who need them.Everyone in a company works together to create wealth, in the sense of making more things people want. the people in the mailroom or the personnel department) work at one remove from the actual making of stuff. They literally think the product, one line at a time.In a startup you compress all this stress into three or four years.A good piece of software is, in itself, a valuable thing. Those characters you type are a complete, finished product.Instead of trading violins directly for potatoes, you trade violins for, say, silver, which you can then trade again for anything else you need.The word "startup" dates from the 1960s, but what happens in one is very similar to the venture-backed trading voyages of the Middle Ages.Many people seem to continue to believe something like this well into adulthood. And in fact, when you look at it this way, you wonder why anyone would think there was.You could probably work twice as many hours as a corporate employee, and if you focus you can probably get three times as much done in an hour.It would still have meant a lot of money for them, and IBM could easily have gotten an operating system elsewhere.You should get another multiple of two, at least, by eliminating the drag of the pointy-haired middle manager who would be your boss in a big company.What a Job Is In industrialized countries, people belong to one institution or another at least until their twenties.Certainly Bill is smart and dedicated, but Microsoft also happens to have been the beneficiary of one of the most spectacular blunders in the history of business: the licensing deal for DOS.Microsoft at that stage had little leverage over IBM. If IBM had required an exclusive license, as they should have, Microsoft would still have signed the deal.From that point, all Microsoft had to do was execute. essay on hard work is a key to success It's also obvious to programmers that there are huge variations in the rate at which wealth is created.So on average such a hacker must be able to do at least $80,000 worth of work per year for the company just to break even.John Smith is now John Smith, 22, a software developer at such and such corporation.One of the biggest remaining groups is computer programmers.Belonging to such a group becomes part of your identity: name, age, role, institution.At Viaweb we had one programmer who was a sort of monster of productivity.Craftsmen The people most likely to grasp that wealth can be created are the ones who are good at making things, the craftsmen. But with the rise of industrialization there are fewer and fewer craftsmen.I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone else.Companies can be so specialized that this similarity is concealed, but it is not only manufacturing companies that create wealth. Remember that magic machine that could make you cars and cook you dinner and so on?This pays especially well in technology, where you earn a premium for working fast.If IBM hadn't made this mistake, Microsoft would still have been a successful company, but it could not have grown so big so fast.Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.If one likes you, you become a member of this new group.And why do they so often work on developing new technology?And so it's clearer to programmers that wealth is something that's made, rather than being distributed, like slices of a pie, by some imaginary Daddy.Instead IBM ended up using all its power in the market to give Microsoft control of the PC standard.Nearly all companies exist to do something people want.The solution societies find, as they get more specialized, is to make the trade into a two-step process.If someone sat down and wrote a web browser that didn't suck (a fine idea, by the way), the world would be that much richer.They never had to bet the company on a bold decision. essay on hard work is a key to success If a fairly good hacker is worth $80,000 a year at a big company, then a smart hacker working very hard without any corporate bullshit to slow him down should be able to do work worth about $3 million a year. I'm not claiming the multiplier is precisely 36, but it is certainly more than 10, and probably rarely as high as 100. They just represent a point at the far end of the curve. essay on hard work is a key to success

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