Take On Accountability

Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage. 

To get rich, you need leverage. Leverage comes in labor, comes in capital, or it cane come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. 

So to get these things, you have to build credibility, and you have to do it under your own name as much as possible, which is risky. So accountability is a double- edged thing. It allows you to take credit when things go well and to bear the brunt of the failure when things go badly. Clear accountability is important. Without accountability, you don't have incentives. Without accountability, you can't build credibility. But you take risks. You risk failure. You risk humiliation. You risk failure under your own name. 

However, realize that in modern society, the downside risk is not even that large. Even personal bankruptcy can wipe the debts clean in good ecosystems. People will forgive failures as long as you were honest and made a high integrity effort. There's not really that much to fear in terms of failure, and so people should take a lot more accountability than they do.