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 Mental Models
Company Builder vs Individual Contributor Mindset
Think about creating recurring revenue systems with teams rather than trading personal time for money
Decision Rule
Ask: 'Am I building an asset that creates value without my direct involvement, or am I just creating income for myself?'
How It Works
Companies create compounding value through systems and people, individual work creates linear income that caps at your time
Failure Modes
Staying in consulting mindset too long
Building fake companies that are just jobs
Not delegating effectively
Avoiding management responsibilities
Example Decision
“Realtor decides to build real estate team that can sell 300 homes/year instead of personally selling 20 homes/year”