My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Everything Is Wrong at First - Iteration Model
A mental framework assuming that initial versions of any product, strategy, or business model will be fundamentally flawed, requiring continuous iteration and improvement rather than trying to perfect things before launch
Decision Rule
When faced with uncertainty about the 'right' approach, bias toward action and rapid iteration rather than extensive planning and analysis. Assume your first attempt will be wrong and design for fast feedback loops.
How It Works
Markets provide better information than internal analysis. Real-world feedback reveals problems and opportunities that can't be discovered through planning. Iteration speed becomes competitive advantage as you learn faster than competitors.
Failure Modes
Iterating without clear success metrics or learning objectives
Changing too many variables at once, making it impossible to identify what works
Confusing iteration with lack of vision or strategic direction
Iterating on superficial features while ignoring fundamental business model problems
Example Decision
“A software company launches a basic version of their product after 3 months of development rather than spending 12 months trying to build the 'perfect' version, then uses customer feedback to guide the next 6 iterations rather than their original feature roadmap.”
Related Knowledge
Pain tolerance is the primary determinant of business success
Focus on building systems and mindsets that increase tolerance for uncertainty and discomfort rather than just seeking e
Pain Threshold Success Framework
A mental model stating that an individual's success is directly proportional to their ability to tolerate and persist through difficulty, discomfort, and extended periods of uncertainty without external validation or immediate rewards.
Multi-Domain Excellence Pattern
A pattern observed in high achievers where individuals who reach extreme success in one domain typically demonstrate above-average performance in 2-3 other seemingly unrelated areas, suggesting transferable meta-skills and competitive mindset.
Convert high-value prospects who initially don't respond into confirmed meetings or partnerships
Getting responses from previously unresponsive high-value prospects, converting cold outreach into meetings, and buildin
Your success is directly correlated with your pain threshold.
The ability to endure difficulty and uncertainty without giving up determines how much success you can achieve in busine
Winners seem to win in a bunch of areas.
People who achieve extreme success in one area typically demonstrate above-average performance in 2-3 other seemingly un