My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
2% Weekly Improvement Compounding
Target 2% improvement every week across all business metrics, trusting compound effects over time even when individual improvements seem insignificant
Decision Rule
In every weekly review, identify specific 2% improvements possible in operations, products, or processes, regardless of how small they seem
How It Works
2% weekly improvement compounds to 170% annual improvement. Creates culture of continuous improvement and prevents stagnation during success periods
Failure Modes
Focusing on vanity metrics that don't impact business outcomes
Improving processes that aren't bottlenecks
Getting distracted by large improvements while ignoring consistent small ones
Not measuring improvements accurately
Example Decision
“Instead of major product redesign, implement 2% cost reduction weekly through automation improvements, materials optimization, and process tweaks, achieving massive cost advantages over years”
Related Knowledge
Naive advantage enables breakthrough innovation
Sometimes ignorance of 'how things are done' enables better solutions
Extreme sacrifice compounds into extraordinary outcomes
Short-term lifestyle sacrifice can create long-term wealth and freedom
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