My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Pain tolerance is the primary determinant of business success
Evidence
Successful entrepreneurs consistently endure longer periods of difficulty than those who fail, and competitive advantage often comes from persisting where others quit
Implication
Focus on building systems and mindsets that increase tolerance for uncertainty and discomfort rather than just seeking easier paths
Counter Belief
Success comes from finding efficient solutions and avoiding unnecessary struggle through better strategy and resource allocation
Example Application
A startup chooses to bootstrap for 10 years instead of raising capital, using their higher pain tolerance as competitive advantage against venture-funded competitors who burn through capital