Turn a Lack of Resources Into a Strength

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Tim Ferriss, author of The 4-Hour Workweek has some advice for people who are questioning a jump into something new because they question if they have the resources to do it. Granted, he’s talking about starting a business, but I think that his advice can be applied to everyday living as well. He argues that by concentrating on what you have, you can do better – basically think positive to turn a lack of resources into a strength.

Excuses not to jump into the unknown are a dime a dozen. In the case of entrepreneurship, the “I don’t have” list — I don’t have funding, I don’t connections, etc. — is a popular write-off for inaction.

Little do most people know how often lack of resources is the ingredient that creates great companies.

It forces you to be clever, to dissect problems instead of throwing cash at them, and to innovate instead of imitating better-funded competitors.