My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“It's not ChatGPT, it's GLP-1 that's the big thing”
What It Means
GLP-1 drugs like Ozempic will have bigger societal impact than AI chatbots
Why It Matters
Suggests focusing investment and attention on pharmaceutical/behavioral interventions rather than just AI software
When It's True
If GLP-1 drugs successfully treat addiction, obesity, and other behavioral issues at scale
When It's Risky
If serious side effects emerge or if AI advancement accelerates beyond current trajectory
How to Apply
Research GLP-1 drug applications beyond weight loss
Look for business opportunities in behavioral health
Consider pharmaceutical trends alongside technology trends
Build products serving GLP-1 user populations
Example Scenario
“Instead of building another AI chatbot, entrepreneur creates behavioral tracking app for GLP-1 users to monitor addiction recovery and lifestyle changes”
Related Knowledge
Audience-Accelerated Business Acquisition
Investment strategy where you buy existing profitable businesses and use your audience/influence to dramatically accelerate their growth rather than starting from scratch.
Influencer-Business Synergy Multiplier
Strategic combination where a mediocre-to-good business paired with the right influencer creates exponentially greater value than the sum of parts.
CEO Management Error Classification
Framework for determining when to intervene with hired CEOs by classifying potential errors as either fatal (business-ending) or non-fatal (learning opportunities).
Scale local service business from $13M to $140M revenue
10x revenue growth while maintaining service quality and building systematic training programs
Buy an existing profitable business as career transition from corporate job
First-year profit exceeds highest corporate salary while building long-term sellable asset
Farm vs Market Price Mental Model
When you own a cash-flowing business, ignore daily market price fluctuations and focus on the underlying business fundamentals, like a farmer would ignore random offers for their productive farm.