My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“We all run into these stats and most are like 'Oh, that's cool.' But maybe examine this more closely.”
What It Means
Most people encounter significant statistics but fail to analyze their business implications
Why It Matters
Reveals systematic approach to finding opportunities that others miss through data analysis
When It's True
When statistics indicate major behavioral or market shifts that aren't yet obvious
When It's Risky
When over-analyzing statistics that don't actually indicate actionable trends
How to Apply
Collect statistics that seem interesting but not obviously actionable
Ask 'what does this mean for future behavior'
Look for second and third-order implications
Example Scenario
“Internet growth statistics seemed like trivia to most people, but Bezos analyzed the implications and created Amazon”
Related Knowledge
Regulation Inflections Framework
A method for identifying business opportunities by tracking regulatory changes that unlock previously restricted markets or create new compliance requirements.
Digits Database Framework
A systematic approach to identifying business opportunities by collecting generation-defining statistics and examining their implications rather than dismissing them as merely interesting facts.
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