Life after Gold Systems


“Launch

I've been done with Gold Systems for just over a year now.  The one year aniversary passed, and I thought that maybe it was time to tell the story, but really I've been looking forward much more than backwards so I'm going to save it a while longer.  I will say that when I do look back, I think mostly about the great people who worked at Gold Systems.  I've started a new company and not a day goes by where I don't think of the people I've worked with, the lessons I've learned and I'm reminded how much they helped me over the years.

Late last year I was asked to join a new venture firm as an operating partner.  The founders were people I had known for years and I have great respect for them, and I wanted to be a part of whatever they were doing.  They were the founders of a great company in Longmont, Colorado so it was natural that we would look for space for the new venture in Longmont.  One of our first meetings was with the Longmont City Manager, the Assistant City Manager and members of the Longmont Area Economic Council.  I was so impressed by how supportive everyone was and how much they were committed to making Longmont a great place for people and businesses.  As I've spent time in Longmont I've realized it is a community of wonderful people and they've quickly adopted me and become friends.

While exploring the creation of an accelerator to compliment the venture firm, I realized that there was an even greater need in Longmont.  While Boulder, Denver and Fort Collins have many places for entrepreneurs and startups to work and connect with mentors and like-minded people, Longmont didn't have a single coworking space.  There is TinkerMill, which is the largest maker space in Colorado, but there wasn't a single coworking facility.  That's just changed.

In January we opened the doors to Launch Longmont.  It's a place for entrepreneurs and startups to meet and work together, and to make the random connections that don't happen when you're working out of the spare bedroom at home.  Members can get a desk or a seat on a monthly basis with no long term commitments, and as we build out the space on the second floor they will even be able to get small suites.  Ultimately success for Launch Longmont is that these members will grow out of the space, become successful in the Longmont community and then return as mentors and speakers to help the next generation of startups.

Soon after starting Launch Longmont, I realized that I am not just helping startups, but I am in a startup myself.  I'll be sharing some of the new lessons learned, and talking about the people who have helped to make it happen over on the Launch Longmont blog, and I'll also be posting here about the journey.

If you are an experienced entrepreneur or business expert, you can help me out by visiting and getting involved as a mentor or speaker.  If you are a new entrepreneur, or you just want to get out of the garage and join a community of entrepreneurs you should also check us out.  Email me at terry@launchlongmont.com.  Thanks!

 

Startup Week

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Boulder’s fifth Startup Week is in the history books, and I want to thank everyone involved, especially the founder Andrew Hyde and his great team of hard workers, volunteers and speakers.  This was the first time that I’ve been able to participate fully, and it was just what I needed.  In the past I’ve been too caught up in my own business to spend the week hanging out with other people who were just starting their journeys in the startup world.  I’m sure I would have benefited from the enthusiasm and great ideas being tossed around if I had made time to go in the past, and I expect I’ll spend even more time with the startup community at Boulder Startup Week next year.

During the Keynote (which was not a Keynote) David Cohen, Brad Feld and Andrew Hyde took the stage to talk about not just the startup community, but about the many communities we have right here in Boulder.  They all made it clear that while they love the Boulder community, we need to work with all of the Colorado and even world communities to collaborate to support each other, and to make the world a better place.  In fact when they asked for a show of hands, it looked like half of the people in the audience were from outside of Boulder.  That was so cool and I enjoyed my talks throughout the week with people who had just arrived, were just visiting or were thinking about moving to Boulder.
 
One simple way to participate in the vision of connecting is to just get out and visit one of those other communities.  Although Startup Week started here in Boulder, it has spread along with http://startupweekend.org all over the world.
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I was able to make it up to Fort Collins for the last day of their Startup Week of celebrating and supporting startups.  As part of the work I’m doing for 6kites I was interested in attending the panel discussion they had on Agriculture and the Internet of Things at CSU.  It was a very well done event with three different panel discussions and all taught me something and made me think big thoughts.  With 7 billion people needing to be fed every day, farmers are using technology and looking at the Internet of Things to better monitor, control and produce their crops and animals.
 
Even though Boulder Startup Week is over for another year, it is so easy to get connected to the startup community in Boulder.  I am thankful to have landed here and to be a part of a group of wonderful people who are happy to share and support entrepreneurs.

 

Autism and Robots

The CDC reports that 1 in 68 children have been diagnosed with Autism, and it is five times more common in boys than girls.   The rate of diagnosis of Autism Spectrum Disorder, according to AutismAction.org, has been increasing by 10 to 17% per year.   Certainly some of that increase comes from better diagnosis, but my understanding is that it is actually increasing in society for as yet not well understood reasons.

As part of my time off and figuring out what I want to do next, I’ve been hanging out with a lot of entrepreneurs and start up teams.  One that I just have to write about is Jalali Hartman, a Boulder entrepreneur who is trying to help children and adults with Autism, and he’s doing it with a low-cost robot.  I think that is so cool to use technology to help people, and he seems to be getting results.  His company ROBAUTO is getting great press, and it’s not because he’s got a PR machine behind him, it’s because people see what he’s doing and they want to see him succeed.  I know I do.
The first version of the robot from ROBAUTO is named ONE.  It’s already been selected as a 2014 Global IP Champion by the U.S. Chamber of Commerce.  He was selected, and successfully completed the 2013 HealthBox Florida Accelerator class.  He’s demoed at New Tech Meetup, this year’s Boulder Startup Week, and he’s been written up in UX Magazine, FreeEnterprise.com, Autism Daily Newscast, and most recently there was a great article in Health Source Magazine (page 24-29).  Check out the robauto.co website for even more.
Jalali tells how some people who just can’t interact or even speak, become captivated with robots.  Just interacting with the robot seems to help some of the people, but Jalali even involved them in the design process.  The great thing he says is some of the least expensive devices showed some of the most promise.  Autism can be very expensive and health coverage varies, so a multi-thousand dollar robot would be out of reach for most families even if it could be shown to help their loved ones.  ROBAUTO ONE is expected to come in at the low hundreds price point.
There is a lot of work to be done, but it is wonderful to see someone combining their love of technology with their love of people and a strong desire to help make the world a better place.  Jalali recently moved to Boulder from Florida to be part of our start-up community.  Buy him a cup of coffee and ask him how you can help.  He’ll be the guy in the back of Amante coffee with the robot on the table and a big smile on his face.
I have to also add that Autism has not touched my family directly, but my daughter-in-law Tori Gold works with children with Autism, and I admire her so much for the work she does.  She loves her kidos, and her and my son Christopher have worked hard to to raise awareness of Autism.

ANZ Innovyze Start Summer 2014 Program


“Innovyz

In July of 2012, I was fortunate to be invited to Adelaide, Australia to be a mentor in the first class of start up entrepreneurs in the ANZ Innovyz START technology acelerator.  I had a great time, made some new friends, and hopefully gave some of my entrepreneur experience to the group.

The program is going strong, and is now taking applications for the next program.  Applications close November 25th, 2013 so get to it if you are at all interested.  There actually is a strong Boulder-to-Adelaide connection with quite a few mentors from Boulder making the trip over, and at least one group from Boulder who was selected and participated in the first program.

Entrepreneurs from all over the world will be considered.

Click here to learn more.

Celebrating 22 Years with 22 mile run

Gold Systems logo with name

On June 21nd, Gold Systems celebrated our incorporation twenty-two years ago!  Now let me tell you a story about how I ended up running twenty-two miles from my house in Gunbarrel to the top of Sugarloaf Mountain to celebrate the occasion.

Sometime during the dot com boom I was sitting in my backyard with my friend Herb Morreale and we were talking about the difference between companies that give it all they've got for a year or two and companies that take the longer view.  From my backyard I can see a few mountain peaks, and I said to Herb, "See that green pointy looking mountain?  We couldn't possibly sprint to that mountain from here, but I'll bet we could get there eventually under our own power if we picked our route, planned a little and didn't kill ourselves along the way."  It was something like that anyway. 

My point was that we were both in businesses where it seemed like we were running a series of marathons rather than one fast sprint.  That idea always stuck with me and I reminded people at Gold Systems that to last we needed to sometimes conserve our energy and not burn out along the way.

Later I figured out that the mountain is Sugarloaf Mountain.  The peak is about twenty-two miles from my backyard and it stands 3,655 feet higher at 8,917.  It's one of our smaller Colorado mountains.  About three and a half years ago I started running after reading the book "Born to Run" and the idea of actually running to the top of that mountain started to get more real with every mile I ran.

Just a week or two before the anniversary of Gold Systems I decided it was time to do it.  I was in good shape, and it would fall on a Friday so I could run to work in the morning, get a few things done and then take off for the summit after our company Bar B Q. 

(Click on the images below to see them full size)

Friday morning arrived sunny and hot, but I was excited to get on the road.

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My first view of Sugarloaf after leaving my house came at about mile three.  I remember thinking it looked a long way away.  I knew I could run the distance but I wasn't as positive about the climb with the heat, but I figured I could just keep going even if I had to walk and I would make it.  The photos below make it look a little farther away than it appeard to me then, but not by much!

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I arrived at Gold Systems and had a problem to deal with, so that distracted me from the big part of the run head of me.  We had a nice Bar B Q around noon where we grilled out hamburgers (beef and vegi) and hot dogs.  I had a hamburger and chips and then of course had to have an anniversary cupcake.  I wondered how that would sit in my stomach later.

 
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After a few more emails and congratulations to everyone, I hit the road again.  The heat hit me and I realized I was going to have to be careful with water.  I had a small backpack with water and Gu, and I expected to be able to fill up at Eben G Fine Park towards the end of the Boulder Creek Path.

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The Boulder Creek Path is always nice and I used the time to reflect on twenty-two years at Gold Systems.  I can't even guess how many people have helped us get to this point.  Year ago I calculated that we had created over 1,000 years of employment and it is well beyond that now.  So many people have been a part of this and it has gone so far beyond what my co-founder Jim Fudge and I imagined in the beginning.  I appreciate everyone who's worked here, and all the friends, partners and customers who kept us going all these years.  It hasn't been easy, and it hasn't always been fun, but it's been a great accomplishment by everyone involved.

I remembered to stop for water at the park, but it was overrun with kids, and the line for the water was just too long.  I reasoned that I hadn't drank that much and though I got a quick drink, I didn't fill up my pack.  We have a saying at Gold Systems – "Lessons will be repeated until learned."

The Boulder Creek Path starts climbing up alongside Canyon Boulevard and I was suddenly out of the shade.  I wondered about finding another water stop but didn't want to add even more miles to a run that was looking big enough already.

This is what it looked like for the couple of miles that I was on Canyon.  I was worried about getting through the tunnel since there is only the smallest of sidewalks, but I picked my time and sprinted through when there were no cars in sight.  I made it to the other end just before a car came around the bend.  Sometimes even when you are running a long distance, you have to sprint, so it's best to have some reserves in the tank for the occasion.  Same as in business.

I also had to jump from one side of the road to the other quite a few times over the next two miles. The shoulder was OK, but it wasn't consistent on either side.  Minor course corrections are to be expected.

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The cars rushing by helped to make the time pass quickly and I was on Sugarloaf road in less than 20 minutes after leaving the trail.  That's where the real climb begins, and thankfully there were some clouds to keep some of the sun off of my head.  In just another 20 minutes or so I had climbed (slowly!) up enough to have a good view of the canyon and Boulder Creek below.  This was starting to get real.

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From Sugarloaf Road to Sugarloaf Mountain Road it is 4.7 miles, and it is steep uphill all the way.  I ran as much as I could and walked when I needed to, but I kept going.  People driving uphill in cars would wave, as would people on bikes flying downhill.  I only saw one guy riding uphill and an hour later he passed me on his way back down and seemed really surprised to see me still going.  He said "wow!" as he zoomed past, and that one word carried me up the next couple of miles.  Whoever you are, thank you!

I've seen a lot of interesting things on the roadside as I've ran, but finding a telephone jack on the side of the road seemed surreal. How many phone lines have I touched in twenty-two years?  And what does it mean that this jack is just sitting here on the side of the road?  It probably fell out of a truck, maybe on its way to the dump.  Times are changing.

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Most of the rest of the way up Sugarloaf Road I ran on the road, with quick hops to the shoulder when I imagined that a driver was texting as they made this drive to Boulder for the ten thousandth time.  By the way, I was wearing my Fivefinger shoes all the way, until I got to the trailhead and changed into trail shoes for the last rocky mile.

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Finally I came around a curve and saw Sugarloaf Mountain for the first time since I was East of Boulder.  It was great to see it looking so big, but it was still a ways off and the clouds were getting darker.  I was also starting to worry about my water supply, like you do when you pass a gas station on the Interstate with an 1/8th of a tank of gas and an untrustrwory gas gauge.

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Around 4:30 in the afternoon, I got to my last turn.  I had a good map and a cheat sheet of the turns and milestones, so I knew I was getting close and that I could finish it when I turned on to Sugarloaf Mountain Road.

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And then right about here, on the last few miles to the trail head, I ran out of water.  When I say "trail head" that's where most people park their cars to begin the hike to the top of Sugarloaf Mountain.  I was expecting a friend to be there with a bag I had put together with water, food, and my trail shoes for the rocky last mile, so I wasn't worried when I ran out of water.  I also figured I could go back a mile or two and knock on the door of a house or cabin and beg for water if I needed it. 

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Unfortunately my friend missed the turn and went about 10 miles on down the road.  Lucky for me there was a guy there packing up his ATV and he gave me a couple of bottles of water, so I sat on a rock and enjoyed being off my feet until my friend found his way back to the trail head.  Although it still looks like a long way to the top in the photo below, it was only another .68 miles.

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It was a nice walk up to the summit, with great views on all sides.

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If you click on the photo below you can see my starting point that morning way off in the distance.  Maybe you can, because I couldn't see my part of the county much less my house, but it's out there somewhere.

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I expect I'll always remember this run, and I hope it always inspires me.  I had run the Colfax Marathon a month before and barely finished, and it was on flat pavement.  A lesson here is that things can and often do get better.  I could have convinced myself not to even try  the Sugarloaf run based on that marathon experience.  This should have been a harder run, but it wasn't.  Probably because I wanted this one so bad and I really did enjoy the experience of doing something that I had only imagined might be possible years before.  Or maybe it was just a different day and because I tried, I did it.

This run was really a tribute as much as it was a test.  Thanks to my wife Cindy (who has a new book for sale!  🙂 )  She still doesn't know why I would do something like this but she still supports me.  And I'm talking about both the company and the run.  Thanks to Jim for suggesting we start a company way back when, and thanks to everyone else who has worked here or been a customer or who has just dropped in to help when needed.  This run's for you!

 

 

 

 

 

Colorado Entrepreneurial By Nature

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Gold Systems is now over twenty one years old, and our offices are
less than a mile from where it all started here in Boulder.  It's really
hard to imagine starting Gold Systems anywhere but in Colorado, so I'm
happy to lend our name to Colorado Entrepreneurial By Nature.  It's a
grass roots campaign to make sure the world knows that Colorado is a
great place to live and to start a business.  I've benefited so much by
being in a community that supports and encourages entrepreneurs and I'm
happy to give back that support to the new people starting up here in
Colorado.

If you are an entrepreneur in Colorado, lend your name to the effort by going here:  http://www.entrepreneurialbynature.com/

The Greatest Business Decisions of All Time

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My old YPO buddy Verne Harnish has written a new book, and it is available today.  His previous book, Mastering the Rockefeller Habits is a favorite of mine.  After you read Built to Last and Good to Great, read Rockefeller Habits to learn how to opererationalize what you've just read.  I'm sure The Greatest Business Decisions of All Time will be fantastic, and the forward is by Jim Collins himself.  Every time I talk to Verne, he teaches me something and helps my business so I'll be ordering the new book first thing in the morning!

Before I got this blog post published, another book arrived in the mail from my other old YPO buddy Brad Feld.  This one is Startup Communities and it is the first in the Startup Revolution series.

 

StartupCommunities

Boulder would be a very different environment for entrepreneurs if both Brad and Verne had not come to town and decided we needed a YEO chapter.  (Now EO)  Thank you guys, you've really made a difference in the community and the world, and it has been my pleasure to know you both.  Brad's book is what he's learned about helping communities attract and support start ups, and I just started reading it on my Kindle.  I'm sure it's great too!

A week at Innovyz START in Adelaide, Australia

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In my previous post I talked about my first full day in Adelaide. This post is about my time spent at the ANZ Innovyz START technology accelerator in Adelaide, Australia.

My good friend Jana Matthews has been going to Australia and other parts of the world for years to work with start-ups and fast growing companies. I was thrilled for her when she told me that she was going to be spending the summer in Adelaide, Australia working with a new technology accelerator. When she invited me to come over for a week and work as a mentor to the start up entrepreneurs, I thought, "that should be fun, and I can repay Jana for all she's done for me over the years." After getting home from Adelaide and thinking about my experience there, I realize now I didn't repay anything and I believe I'm now deeper in debt to her!

Jana and I have spent many mornings sitting at Turley's talking about the challenges of leading and growing a business. She's seen me at my worst times and at my best times, and through it all she has given me great advice that I've sometimes listened to. I'm not always the best student, but it is fair to say that without Jana's advice over the years, Gold Systems would not be what it is today.

Boulder, Colorado is home to TechStars, which is the #1 startup accelerator in the world. I was asked to be a mentor in the first year of the Boulder TechStars, and it was a fantastic experience. I learned a lot and I gained a close personal friend in the process. The Innovyz START accelerator in Adelaide is modeling a lot of what they do on TechStars, and they are part of the Global Accelerator Network which the TechStars guys also support. Both David Cohen and Brad Feld have helped get them off on the right foot.

My experience with the people of ANZ Innovyz START was fantastic. I was in the second week's flight of mentors to arrive and we were welcomed with a great dinner put on by Jana, Philip Vafiadis and Jerry Kleeman. I was the only Boulderite in that week's group of mentors, but Sherri Leopard, Catherine Merigold and Lu Cordova were also mentors other weeks. Most of the other mentors were from Australia or other parts of the world, and I really enjoyed getting to know everyone in my group.

Monday morning started with quick introductions and then we jumped into one-on-one's with each company. There were ten start-ups selected to participate in the program, and the founders had all relocated to Adelaide and for the most part seemed to live in their offices. They are working hard to make the most of the program and to be ready for Investor Day on August 17.

I felt for the entrepreneurs, because they had to quickly explain their company, and then process questions and suggestions from mentors that though they had a lot of experience, had just the smallest understanding of the company. As I think about it, that is one of the first lessons you have to learn as a new start-up entrepreneur. How do you to take all the advice people are willing to give you and make sense of it? Often the advice is conflicting and threatens to take your company into an entirely different direction. I did my best to let them know that while I might have an insight or an opinion for them, it could well be wrong and it was ultimately up to them to decide if it was helpful.

New entrepreneurs get a lot of advice on hiring. "You need a strong tech person" or "You need an awesome sales or business development VP." Maybe, but that advice can get a – into trouble. The founders first need to be competent in all areas. Maybe not great, but competent. A founder needs to be a fast learner and willing to dive into things they know nothing about, and then do the job until the company can really afford to bring in the experts. Except for running out of cash, nothing will kill a start up faster than hiring the wrong person at the wrong time. Getting someone who doesn't fit the values and culture that the founders want to create is deadly. Hiring a VP from a big company who "loves the idea of a start-up" but has no idea how to execute without a big staff is killer. I spent a fair amount of my mentor time with the entrepreneurs just reassuring them that they were in fact very capable people who could get the job done. Everyone of them was passionate about their idea, smart, and hard working or else they would not have been selected for the program.

That's the basic idea behind accelerators. Get lots of entrepreneurs to apply, select the very best, and then give them mentoring, introductions and financial help. Do that, and most of the companies will exit the accelerator a few months later and be on their way to success.

I'm happy to have been a part of the first year of ANZ Innovyz START in Adelaide, but I'll bet that next year and the year after will be even better. Adelaide looked like a great place to start a technology company and I hope to get back there again soon. I asked Jana, "How is it possible to miss a place I didn't even know existed a few months ago?" I wish the best of luck and success to ANZ Innovyz START, the entrepreneurs, my new mentor friends and the city of Adelaide!

ANZ Innovyz Start Accelerator


“innovyz

What's better than being asked to go to Australia for a week to mentor a bunch of start up entrepreneurs?  Getting selected to actually BE one of the start up entrepreneurs!

The ANZ Innovyz Start Accelerator, which is part of the Global Accelerator Network and "Championed by TechStars" has selected ten companies to meet up in Adelaide, Australia.  They will receive mentoring and support, and hopefully they will all grow into successful, job-producing, successful, cool companies. 

Most of the companies are from Australia, but one, Cipher This, is from right here in Boulder, Colorado.  I'm so excited to be participating as a mentor, and I thank Jana Matthews and all the other mentors who have made this possible.

Congratulations, and I can't wait to meet you in person this summer!

The 10 companies selected to participate in the 2012 ANZ Innovyz Start accelerator program include:

  1. Adelaide Baby Bargains:Free online marketplace for preloved baby & children’s goods, Adelaide, AU
  2. Be Intent:Online HR solution that measures mindset, staff engagement, optimizes people performance and delivers measurable productivity improvements, Auckland, NZ
  3. Captioning Studio: Speech to text, video search, web based captioning & subtitling, and tools for those who are deaf and hard of hearing, Adelaide, AU
  4. Cipher This: Software that automates the creation and integration of puzzles into any author's original content, Boulder, Colorado, USA
  5. ConfPlus: Mobile service to facilitate registering, scheduling, networking, and communicating at conferences, Madison, Wisconsin, USA and Beijing & Shenyang, China.
  6. Credit Key: A web ‘transaction brokerage’ service that vastly reduces the amount of time between the issue and payment of invoices, Adelaide, AU
  7. iStudent: recruitment of international students with on-line search and enrollment, Sydney, AU
  8. LEAPIN:Cloud-based Property Management System featuring 'smartphone room check-in' and a 'complete web check-in system for the accommodation industry', Adelaide, AU
  9. www.mysupervisoronline.com: On-line resource, support and networking site to assist Honours, Masters and PhD students, Brisbane, AU
  10. P2P Agri: Farm business management decision software, Adelaide, AU

Running a Marathon is NOT like running a business

Terry Gold Marathon

Many years ago I got the idea that running a business was like running a marathon. Or better yet a series of marathons, with the occasional sprints as needed.  Well, last Sunday I ran my first marathon and I have to say it was EASY compared to running a business.

There are some similarities, and some really big differences and I've learned something about myself, which was the point of running the marathon in the first place.

Here are some of the similarities of running a marathon and running a business.

Both require a certain amount of preparation and planning before starting.  If you don't plan, you have a very high chance of failing to finish, and you'll likely be miserable from the very start.  There are a lot of people who have ran marathons in Boulder, and I talked to quite a few during my training so I didn't have any big surprises while running.  Thanks Herb, Brad, Jim, David and everyone else who encouraged me to do this.

When Jim and I started Gold Systems twenty years ago, I only knew a couple of entrepreneurs, so we made a lot of rookie mistakes that we could have avoided if I had known more entrepreneurs at the beginning.  If you are thinking about running a marathon or starting a business, find others who have done it who are willing to give you the important tips that you won't find or notice in the books. 

It helps to know what to expect.  It was easier to learn about what I was in for with the marathon than it was for the business.  Having people give you advice is great, but it also really helps to hear what it is going to feel like once you are in the race or working in the business.  For instance, I was not prepared to think about my business every waking moment, which I did for many years.  I had no idea it was going to be so consuming.  Had someone told me that it was normal early on, I think it would have been easier.  I've learned to give my brain a break, but the business is still there ready to jump to the forefront of my thoughts anytime day or night, but now I know it is normal. 

Have fun.  One of the best pieces of advice about the marathon was to "enjoy the run."  Whenever I started to feel bad, I reminded myself that this was supposed to be fun, and somehow that helped push the pain away.  Come to think of it, I'm finding that works in business too. In business some entrepreneurs seem to brag about how miserable they are, and how much they sacrifice for the business.   I've been that guy, but If you find you're having a lot more bad times than good times, it means something is probably wrong and an adjustment needs to be made.  I'm a much better leader when I'm having fun, and I'm a much better runner when I'm having fun. 
Pain is temporary.  Until last Sunday, I had never ran more than 20 miles, but I was confident that whatever pain and soreness I would have right after the race would be gone in a few days, and it was.  I've had more painful days while being an entrepreneur than I experienced with the marathon, but I still sometimes forget that the next day, the next week, the next month, it will be better.  I like to say that lessons will be repeated until learned, but hopefully the next time I have a painful day I can remember that I just need to get through it and then things will be better. 
Now for a couple of big differences between running a marathon and running a business.
Focus.  Phylis pointed out to me that to run a marathon, you pretty much just focus on finishing, but in business it can be very, very hard to focus.  In business I've come to terms with the idea that there are more things to do than there are hours in the day.  It's my job to figure out which things I should get done and which should get passed on to others, or simply left undone.  There are always more good ideas and opportunities to consider than time and resources allow, so I think it is much harder to focus in business than it is to just keep putting one foot in front of the other until the marathon finish line is crossed. 
The Finish Line.  Cindy pointed out that in business there is no finish line, or if there is, you don't usually know where it is.  That's an amusing thought to me.  Consider a race where everyone lines up not knowing how long the course is, or whether it will be hot or cold, hilly or flat.  Then somewhere along the way, someone yells, "finish line in 1 mile!" and everyone starts sprinting.  Then the runners hear, "just kidding, keep running."  In business I've seen entrepreneurs quit because they got tired of the race, or they thought that they somehow had entered the wrong race. 

So there you have it.  Running a business is a little like running a marathon, but running a business is in my opinion a lot harder and I think even more rewarding.  Stay focused, keep putting one foot in front of the other, be prepared to change when the race changes, and above all, enjoy the race as much as you can.  

 

Update 10-21-2011.  The marathon is done, I'm completely recovered and ready to go again.  I'm getting up early and jumping on the treadmill and I'm looking forward to the weekend for a long run outside.  Thanks to everyone for the comments!  Greg put a link to another post into his comment about running and entrepreneurship, and it is really worth checking out.  Here it is:  http://blog.finette.com/post/11370209405/never-walk-a-talk-about-entrepreneurship-and-running

 

Update 10-28-2011.  Soon after I posted this, I received a very nice email from Miguel Chang who lives in Taiwan and has a website called Sportsnote.com.  Miguel asked if he could translate my blog post into Chinese, and of course I was happy to have him do it.  Here is a link to this post at Sportsnote.com   Thank you Miguel!    

 

Sportsnote page

 
Photo 5 Wow.  Twenty years ago today, Jim Fudge and I received the incorporation papers for Gold Systems.  But that's not quite the beginning of the story . . .

The summer before, Jim and I spent the day together at the Boulder Kinectics Race.  I tell you that because that was actually the day we decided to start the company.  We spent the day in the hot sun, eating junk food, and watching crazy people have fun.  That evening we talked about why we weren't having more fun.  The reason was that we had to go back to work on Monday at a big company, and Jim uttered the words that changed everything – "Let's start a company."

We started getting together after work to talk about it.  For me, I realized it was really going to happen when I told Jim that I had found a used AT&T 3B2 computer for sale on Netnews that we could use as our development machine.  He whipped out his check book, signed a blank check and handed it to me saying, "do it."  I was blown away, and it was the first of many selfless acts by Jim and many, many other people who helped to get Gold Systems to this anniversary.  (We didn't buy that machine, and I still have that blank check . . .)

This anniversary is about Gold Systems, and the people who've helped make it work.  Thank you all, I am truly grateful to have been a small part of this.

 Photo 1

The original founders, left to right:  David Appell, Terry Gold, Jim Fudge, Kevin Obenchain.  Not pictured, but also there from the early days was Kathy Bishop.  Thank you all for helping us get started!  Update:  Check out David's blog post.  Thank you David!

Photo 2 

Jim drew up the first business card design.  Note the email address.  The "at sign" had not been invented when we started Gold Systems.  The phone number was my home phone number at the time, which we still have as Gold Systems' main number. 

Photo 3 

At our open house, Vince Fresquez surprised us by having the company name put on the door.  Thank you Vince!

There are many more stories to tell, and many more people to thank.  Until then, please know that I appreciate everyone who has helped us to get to this day!

Terry

Looking for women CEOs in Colorado

If you are a female CEO, President, Principal or Partner of a company with revenues of more than $1 million, or if you know someone who is, please take a look at this.

My good friend Jana Matthews is working to start a Women CEO Forum in Colorado.  The forum will consist of 12 women who are leaders of non-competing companies each with revenues over $1 million.  An introductory reception will be held at the City Club that will include a number of successful women speakers, including Heidi Ganahl, Founder and CEO of Camp Bow-Wow, Sherri Leopard of Leopard, an Ogilvy Company, and Diane Gibson, Founder and President of Craters & Freighters.

Having been a past member of YEO (Young Entrepreneurs' Organization, now EO or Entrepreneurs' Organization) and YPO (Young Presidents' Organization) I can say that being a part of a great peer network was one of the best decisions I ever made as an entrepreneur.  You may think you don't have time, but as my friend Tim Miller used to say, it doesn't cost time, it makes time for you.  Imagine every month getting together with 11 other CEOs, who are there to help and to share what they have learned about the problems you are having right now.  Jana helped in the early days of YEO and I know she will set up the Forum so that egos are checked at the door, everything is confidential and the entrepreneurs create an environment that helps everyone.

The reception is open to anyone who would like to know more about the CEO forum.  Register by calling 303-666-5511 or go on-line to events@womenceoforum.com