My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Data-driven trend spotting beats intuition for identifying opportunities
Evidence
Bezos used internet growth statistics to identify e-commerce opportunity while others ignored the same data
Implication
Systematic data collection and analysis can reveal opportunities that intuitive entrepreneurs miss
Counter Belief
Great entrepreneurs create markets through vision, not by following data trends
Example Application
Steph's digits database systematically catalogues statistics that most people dismiss, enabling pattern recognition across multiple trends
Related Knowledge
Second and Third Order Effects Analysis
Mental framework for analyzing how primary changes create cascading effects that most people miss, revealing hidden busi
Digits Database Framework
A systematic approach to identifying business opportunities by collecting generation-defining statistics and examining their implications rather than dismissing them as merely interesting facts.
Regulation Inflections Framework
A method for identifying business opportunities by tracking regulatory changes that unlock previously restricted markets or create new compliance requirements.
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