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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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What It Means

Success comes from high volume of attempts rather than perfecting individual projects, since most projects fail regardless of effort

Why It Matters

Perfectionism and over-planning often prevent entrepreneurs from discovering what actually works in the market

When It's True

For digital products with low marginal costs, when learning what market wants, during experimentation phases

When It's Risky

For capital-intensive businesses, when reputation damage is high, or when regulatory compliance is required

How to Apply

1

Set aggressive shipping deadlines to prevent over-engineering

2

Launch minimum viable versions to test market response

3

Treat failures as data points rather than personal defeats

4

Focus on quantity of experiments over quality of individual attempts

Example Scenario

Developer builds 10 simple web tools in 6 months, 9 fail but 1 becomes profitable SaaS business