So this year I've stopped working out, and my grades have improved drastically, but at the cost of losing muscle mass and gaining fat, and becoming physically slower and lazier just as I became faster and more active intellectually. One effect I especially noticed was the disappearance of that perpetual state of happiness/satisfaction that comes from frequent physical exertion, which I think had a tendency to get in the way of a feeling of urgency regarding studies; why bother with tiresome and frustrating intellectual exercise when physical exercise yielded results and pleasure/satisfaction much more easily and reliably?
Are you sure there isn't another factor causing improved grades? My impression was that it was pretty well-established that exercise improves mental performance.
Or possibly it's the amount of time you spent exercising, which gave you less time to do other things? Were you spending a lot of time working out? If so, you may want to look into high-intensity interval training to get the benefits of physical exercise in as little time as possible.
Another idea: save your workouts for the end of the day, so you don't have the post-workout feeling all day and will still feel like you need to get stuff done?
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I would like to say entrepreneurship means different things. The plumber I call when my pipes are clogged is definitely an entrepreneur - he is self-employed and employs a help, he does not come alone. Yet there is not much idea behind it. It is just simply so that in these kinds of professions self-employment is more common than working for large corporations.
I have the impression that if you are approaching it from a Silicon Valley / Paul Grahamesque direction, what you call entrepreneurship is that subset of it that scales up easily, this seems to be the most important determining factor. Web based software, provided as a service and not as a purchasable shrinkwrap package, is the canonical example because it is relatively easy, free / cheap and barrier-free for theoretically even billions of people to start using something like Hipmunk or Beeminder. Their crucial feature is scaling up.
I think scaling up is why in such fields entrepreneurial ideas are dime a dozen, because of the ease of scaling means really high potential payoff and it means really intense competition - not only for customers but also e.g. for co-founders.
Compare opening a pizzeria in a small town. How much idea you need for that? Chances are there isn't a competitor at all and then you offer the basic types, if you have a competitor you just spend a few hours googling up some less usual but delicious sounding recipes.
The point is, if you fail at that pizzeria, you are doing something wrong. If you fail at that insanely competitive infinitely-scalable market, then it is not a failure and has no special reason, it is just like not winning the Olympics: someone was better, that is all.
I find it useful to use the term "startup" for Paul Grahamesque "startups" and "small-business" for pizzaria-esque "small-businesses."