My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Naive advantage enables breakthrough innovation
Evidence
Not knowing industry norms allowed building from first principles, creating competitive advantages
Implication
Sometimes ignorance of 'how things are done' enables better solutions
Counter Belief
Experience and knowledge prevent costly mistakes and accelerate progress
Example Application
Not knowing about contract manufacturing led to building own factories, creating automation advantages competitors couldn't match
Related Knowledge
Win or Learn, Never Lose
Reframe every business outcome as either a win (success) or learning opportunity (data for improvement), eliminating the
2% Weekly Improvement Compounding
Target 2% improvement every week across all business metrics, trusting compound effects over time even when individual i
Bullets to Cannonballs Framework
A systematic approach to innovation where you fire small, low-cost 'bullets' (tests) first, then invest heavily in 'cannonballs' (full execution) only when bullets prove successful.
First Principles Manufacturing
Building manufacturing operations from fundamental principles rather than copying industry norms, focusing on materials cost as baseline and automating everything possible.
Build global distribution network by directly contacting every possible buyer
Direct relationships with major retailers globally, orders from multiple countries, established presence in key trade sh
Build billion-dollar business without external capital through radical cost control
Profitable every single month, compounding growth funded by retained earnings, 40%+ net margins, complete ownership rete