What age are you? How often are you going to be that age? Once, right?
Entrepreneurs burn two forms of capital in a start up – financial capital and human capital. Since the financial cost of setting up a company has steadily and dramatically declined, the scales have firmly tipped to burning human capital and in particular the human capital of the entrepreneur. Every day you work at your company you are burning a little bit of your human capital.
It’s not a renewable resource. In fact, it is not just finite, it’s irreplaceable – every second you burn is never going to coming back. Time in your eighties will not compensate you for the time you missed your child’s birthday.
Financial capital is fungible and human capital is not.