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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Focus is overrated because compounding doesn't care
strategycontrariandiversification

What It Means

The mathematical power of compound growth works across multiple ventures, not just single focused efforts

Why It Matters

Challenges conventional startup wisdom that demands singular focus, opening up multi-business strategies

When It's True

When you can manage multiple ventures without significant operational overlap conflicts

When It's Risky

When businesses require deep expertise or when limited resources get spread too thin

How to Apply

1

Start multiple small experiments rather than betting everything on one

2

Look for synergies and shared learnings across different ventures

3

Allow natural selection to determine which businesses get more focus

Example Scenario

Running profitable consulting practice while testing e-commerce business - learnings about customer acquisition from consulting improve e-commerce results