My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“all businesses are Loosely functioning disasters some just happen to make money”
What It Means
Every business has significant operational dysfunction - success comes from making money despite the chaos, not from perfect operations
Why It Matters
Sets realistic expectations for business owners and prevents perfectionism paralysis
When It's True
In all businesses with multiple employees, especially growing companies
When It's Risky
When used to excuse poor management or avoid addressing serious problems
How to Apply
Lower expectations for business perfection
Focus on profitability despite dysfunction
Budget time for people problems
Don't be discouraged by operational messiness
Example Scenario
“You acquire a profitable manufacturing business but discover inventory system is chaotic, some employees have personal problems affecting work, and several processes are inefficient - instead of being shocked, you recognize this as normal and focus on maintaining profitability while gradually improving”
Related Knowledge
the opportunity in small business is dressed in overalls and likes hard work
Small business opportunities require significant manual labor and aren't glamorous - they reward hard work rather than c
birds fly fish swim and deals fall through
Deal failure is as natural and expected as birds flying or fish swimming - it's what deals do
Stacking Golden Geese
Sequential acquisition strategy where each successful business acquisition funds and de-risks the next, creating compoun
High Authority vs Delegated Authority Model
Binary leadership approach where you either operate with complete top-down authority or delegate full decision-making au
Acquire first cash-flowing business with minimal capital
Own a profitable business generating $200K-500K annual free cash flow that doesn't require your daily presence within 2
Just-In-Time Learning
Learn skills and knowledge precisely when you need them for specific situations rather than trying to learn everything u