My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Win or Learn, Never Lose
Reframe every business outcome as either a win (success) or learning opportunity (data for improvement), eliminating the concept of failure
Decision Rule
When facing setbacks, immediately ask 'what can we learn from this?' instead of dwelling on failure or blame
How It Works
Removes emotional weight from failures, maintains forward momentum, and extracts maximum value from every experience by focusing on actionable insights
Failure Modes
Using learning as excuse for poor execution
Not actually extracting specific lessons from setbacks
Continuing failed approaches under guise of 'learning'
Avoiding accountability by labeling everything as learning
Example Decision
“After $30M Walmart order gets cancelled to $300K, focus on learning about buyer relationships and contract terms rather than dwelling on the lost revenue, leading to better future partnerships”
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