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My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Export Framework

Reusability

A systematic approach to finding business opportunities by identifying expensive internal solutions that big companies built and turning them into products any company can use

How It Works

Large companies spend millions on R&D to solve their own problems. Once proven, these solutions can be exported as products to other companies who face the same problems but lack the resources for custom development

Components

1

Identify a large successful company

2

Research what internal tools or processes they built from scratch

3

Determine if this solution cost millions in R&D

4

Assess if the problem exists across multiple companies

5

Build a productized version others can adopt without the R&D cost

When to Use

When looking for validated business ideas with proven demand and willingness to pay

When Not to Use

When the internal solution requires massive scale to be economical, or when the problem is too company-specific

Anti-Patterns to Avoid

Copying solutions that only work at massive scaleTargeting problems that are too niche or company-specificIgnoring the sales and implementation complexity

Example

Amazon spent billions on warehouse robotics. Only 2% of warehouses use robotics today, but this will approach 100%. Export the robotics solution as a product other warehouses can adopt.