Knowledge Marketplace
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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pretty much anyone could do this, but no one will do it
entrepreneurshipbarriersexecution

What It Means

Many business opportunities exist that require boldness rather than rare skills, but most people won't pursue them due to social anxiety or pride

Why It Matters

Identifies a class of 'white belt businesses' perfect for first-time entrepreneurs who lack capital but have courage

When It's True

For service businesses that are socially uncomfortable but not technically complex

When It's Risky

When you overestimate how 'easy' something is or underestimate real skill requirements

How to Apply

1

Look for things successful people pay others to avoid doing

2

Test your comfort with rejection and embarrassment

3

Start with low stakes to build confidence

Example Scenario

Street interviewing strangers for brand testimonials - requires courage to approach people and handle rejection, but no special technical skills. Most founders would rather pay someone else than do it themselves.