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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“basic ideas are cheap mostly indefensible and worse they waste a lot of our time”
innovationidea_validationexecution
What It Means
Simple business ideas are easy to copy and don't provide sustainable competitive advantage
Why It Matters
Explains why entrepreneurs need differentiation strategies beyond basic execution
When It's True
In markets with low barriers to entry and easy replication
When It's Risky
In highly technical or regulated markets where ideas can be defended
How to Apply
1
Focus on differentiation and positioning rather than basic execution
2
Look for ideas with natural moats or network effects
3
Use the remix framework to add defensible differentiation
Example Scenario
“Instead of building another generic productivity app, create one specifically for veterinarians with industry-specific features and messaging”