My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“You can do anything but you just can't do everything”
What It Means
Having unlimited potential doesn't mean you should pursue unlimited opportunities simultaneously
Why It Matters
Helps prevent the common mistake of spreading resources too thin across too many projects
When It's True
When you have multiple good opportunities and limited time/resources
When It's Risky
In early career when experience is more valuable than focus
How to Apply
Use as decision filter when evaluating new opportunities
Remember when feeling FOMO about missed opportunities
Apply when deciding whether to start new projects
Example Scenario
“Entrepreneur with successful business considering whether to start second business or double down on first one”
Related Knowledge
Two Millimeter Shifts
Small adjustments in approach that create massive changes in outcomes, like a golf club being 2mm off causing the ball t
Play/Work Overlap Framework
Finding activities that feel like play to you but appear as work to others, creating a sustainable competitive advantage
Fat Pitch Strategy
Waiting for high-probability, high-reward opportunities rather than swinging at every chance that comes along
Get informal mentorship from successful people
Person regularly responds to your questions and you have ongoing informal advisory relationship
Asymmetric Risk/Reward
Seek opportunities where you can lose small amounts but win large amounts, or where you have information others lack
Wealth building is a learnable skill
Anyone can learn wealth-building skills regardless of current financial position