My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“Zero to something is always more life-changing”
What It Means
The psychological and practical impact of first wealth creation far exceeds subsequent wealth increases
Why It Matters
Explains why first-time entrepreneurs should focus intensely on reaching initial success rather than optimizing for maximum exit value
When It's True
When someone has never had financial independence or significant wealth before
When It's Risky
When it leads to taking unnecessary risks or not optimizing for long-term value creation
How to Apply
Prioritize getting to first profitable exit over maximizing valuation
Focus energy on crossing wealth independence threshold
Don't over-optimize early decisions that prevent reaching initial success
Example Scenario
“Startup founder chooses faster path to $10M exit over slower path to potential $50M exit because financial independence is more valuable than wealth optimization”