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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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Success is going from failure to failure with no loss of enthusiasm
persistencemindsetfailure

What It Means

True success requires maintaining motivation despite repeated setbacks

Why It Matters

Most entrepreneurs quit after early failures, but success comes from persistent iteration

When It's True

In uncertain environments requiring multiple attempts to find product-market fit

When It's Risky

When failing to learn from failures or persisting with fundamentally flawed approaches

How to Apply

1

Reframe failures as learning opportunities

2

Maintain team morale during difficult periods

3

Focus on process improvement rather than outcome disappointment

Example Scenario

After getting sued and products pulled from trade show, use experience to improve IP research and legal preparation for next products