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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One Stat Business Model
A business opportunity that can be entirely explained and justified by a single compelling statistic
Decision Rule
If one statistic encapsulates the entire market opportunity and business case, it's likely a strong business idea
How It Works
The statistic reveals a massive gap between current state and obvious future state, making the business case self-evident
Failure Modes
Stat is misleading or doesn't reflect real behavior
Gap exists for good reasons that are hard to overcome
Timing is wrong - too early or too late
Example Decision
“2% of warehouses use robotics today, going to nearly 100% - this one stat explains the entire warehouse robotics opportunity”