My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Family Heirloom Business Model
Viewing your business as a family heirloom to be passed down through generations rather than an asset to be optimized for sale.
Decision Rule
When making business decisions, ask 'How will this affect the company 50 years from now?' rather than 'How will this affect next quarter's metrics or exit valuation?'
How It Works
Long-term thinking enables sustainable competitive advantages, better customer relationships, and compound returns that short-term optimized businesses cannot achieve.
Failure Modes
Becoming too conservative and missing growth opportunities
Ignoring market changes due to attachment to legacy approaches
Failing to adapt business model to new realities
Example Decision
“Rejecting a $10B acquisition offer because you want your children to inherit and continue building the company you've spent decades creating.”