My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Get people relaxed and disarmed before reading them
Why It Works
People's authentic selves emerge when they're relaxed and not in formal business mode
Prerequisites
How to Execute
Suggest casual dinner/drinks
Talk about non-business topics initially
Observe their real personality and values
Bank insights for business context
When It Fails
When people remain guarded or when you're too obvious about analyzing them
Real Example
“Before finalizing a partnership, take potential partners to dinner to see how they treat service staff and handle casual conversation.”
Related Knowledge
Breakdown to Breakthrough Framework
A mindset that reframes adversity and failure as opportunities for growth and transformation rather than setbacks
Victim vs Responsible Framework
A mental model that distinguishes between taking a victim stance (blaming external circumstances) versus taking complete
Develop the ability to read people's true intentions and emotional states
Ability to sense when someone is lying, uncomfortable, confident, or hiding information through behavioral cues
Handle adversity, losses, and setbacks without self-destructive behavior
Ability to maintain good decision-making during losses, avoid chasing bad decisions with worse ones, and use adversity a
Expensive Happiness Principle
Your emotional state should be premium-priced - it should take significant negative events to affect your mood, not triv
Expected Value Decision Making
Making decisions based on long-term mathematical expectation rather than individual outcomes