My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Small differences compound into massive advantages
Evidence
0.1% flavor differences create distinct consumer preferences; small batch testing enabled faster iteration than large competitors
Implication
Focus on seemingly minor details that competitors can't easily replicate due to their scale or structure
Counter Belief
Only major innovations matter; minor optimizations are distraction from bigger picture
Example Application
Invest heavily in perfecting details that large competitors can't economically optimize due to their scale constraints
Related Knowledge
Harsh Grader Heuristic
The cost of false positives (letting bad things in) is much higher than false negatives (rejecting good things), so be e
First Acceptable Option Rule
Take the first option that meets your 'good enough' threshold rather than continuing to search for the optimal choice
Timeline Forcing Analysis
A method of analyzing successful companies by drawing out year-by-year timelines to reveal the 'forgotten grinding years' between start and breakthrough.
Too Hard Pile Decision Making
A decision-making framework where you categorize opportunities into 'obviously good', 'obviously bad', and 'too hard to judge' - then only act on the obviously good ones.
Small Batch Iteration Advantage
A competitive advantage gained by testing products in much smaller batches than competitors, enabling faster feedback loops and more iterations.
Build a multi-generational family business where family members work together and live in proximity
Family members living in same neighborhood, all working in family business, kids playing together, successful exit while