How to Create a Million-Dollar Business This Weekend (Examples: AppSumo, Mint, Chihuahuas) - The Blog of Author Tim Ferriss
Tim Ferrisstim.blog
How to Create a Million-Dollar Business This Weekend (Examples: AppSumo, Mint, Chihuahuas) - The Blog of Author Tim Ferriss
A simple rule of thumb for what makes an idea venture-scale is having a path to $100 million a year in revenue and hitting $1 billion+ valuation , in 10 years . Essentially, can you get big, fast? This is what VCs need to invest in in order to make their fund economics work. Very few ideas can hit this scale, and it’s important that you recognize t... See more
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
TO CREATE SOMETHING GREAT (OR EVENTUALLY HUGE), START EXTREMELY SMALL
Ferriss, Timothy • Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers
12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur
amazon.com
But once you put your passions and abilities together with the right kind of customers, you’ll be amazed by how easy it can be to carve out a profitable niche in this economy.
Adam Davidson • The Passion Economy: The New Rules for Thriving in the Twenty-First Century
Moving forward, the key to fast growth is going very, very “micro.” The more specific an audience you can target, the faster you will grow. The more “niche” your products, the faster you will be able to release products and get to the first million.
Ryan Daniel Moran • 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur
After reading the whole thing, I felt like saying things my old voice teacher would have said: “OK, make a plan that requires only $1000. Go!” “Now make a plan for ten times as many customers. Go!” “Now do it without a website. Go!” “Now make all your initial assumptions wrong, and have it work anyway. Go!” “Now show how you would franchise it. Go!
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