My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Penny Stock to Blue Chip Framework
A framework where someone with high potential but low current evidence (penny stock) receives belief from someone who sees their future value (blue chip potential)
How It Works
Works by providing external validation and confidence that bridges the gap between current self-doubt and future capability, allowing the person to take action until their results catch up
Components
Find someone who genuinely sees your potential
Accept their belief as temporary fuel
Take action based on that confidence
Build evidence through action
Transition to self-fueled belief
When to Use
When you're early in your career, lacking confidence, or need external validation to overcome initial hesitation and self-doubt
When Not to Use
When you already have strong self-belief and evidence of success, or when the believer lacks genuine conviction
Anti-Patterns to Avoid
Example
“A 22-year-old with a business idea finds an experienced entrepreneur who invests time and belief in them, giving them confidence to start building until their early results provide self-sustaining motivation”
Related Knowledge
Become someone who effectively believes in and supports others' potential
You help accelerate others' success by providing genuine belief and confidence at crucial moments in their journey
Identify and connect with people who will believe in your potential before you have evidence
You find 1-3 people who genuinely believe in your potential and provide the confidence boost needed to take meaningful a
assigned-mentorship-failure
Identity-Based Action Model
When someone gives you a positive identity label, you unconsciously act in ways that confirm that identity, creating a s
False belief can be as effective as accurate belief in driving success
Focus on finding and giving genuine enthusiasm rather than perfectly accurate assessments
you're a penny stock but they see you as a blue chip
Someone with low current evidence but high potential being seen by others as having great future value