My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“That person's business is one Google search away from me ruining it”
What It Means
Businesses without defensible moats can be easily disrupted by competitors with basic research
Why It Matters
Highlights importance of building sustainable competitive advantages beyond just product features
When It's True
When business relies solely on information asymmetry or first-mover advantage without deeper moats
When It's Risky
When underestimating execution difficulty or regulatory barriers protecting incumbents
How to Apply
Test business ideas by googling competitive landscape
Evaluate investments by assessing competitive moats
Build defensible advantages beyond just product features
Example Scenario
“Supplement company with no unique formulation, patents, or brand loyalty vulnerable to any competitor doing basic ingredient research.”
Related Knowledge
Crisis Contrarian Investment Framework
Investment approach that involves buying assets when everyone else is selling during market crashes or crisis periods
Strategic Brand Element Copying
Systematically borrowing proven visual and design elements from successful brands to quickly establish professional bran
Generate high-volume cash flow through check cashing service at retail location
Processing $250k of checks weekly, earning 3-5% fee ($7500-12500 weekly revenue), serving regular customer base
Create tradeable stock market for residential real estate ownership
Platform with hundreds of properties trading actively, retail investors buying/selling shares daily, property operators
Six Month Expertise Acquisition
The belief that you can become highly knowledgeable in any domain within 6 months of focused learning
Market Price vs Reality Divergence Detection
When market prices dramatically diverge from operational reality you observe, it signals major opportunity or risk