My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Move to major city for career acceleration
Why It Works
Concentration of opportunities, network effects, higher salaries, competitive environment raises your game
Prerequisites
How to Execute
Choose biggest city in your country, or global hub for your industry
Accept higher costs as investment in career acceleration
Focus on building network and skills while there
Plan exit strategy once you have kids or other priorities change
When It Fails
When personal costs (relationships, mental health) outweigh career benefits, or when you don't actually leverage the opportunities available
Real Example
“22-year-old moves from Columbus to NYC, takes lower net pay due to rent but gains access to better jobs and network that results in 3x salary increase within 5 years.”
Related Knowledge
B01
Employee retention is costly and difficult; traditional approaches focus on compensation and culture rather than the #1
Sexier Business, Lower ROI Principle
A career selection rule stating that the more attractive or glamorous an industry appears, the lower the financial retur
Algebra of Wealth Formula
A mathematical representation of wealth building: Focus × Stoicism × Time × Diversification = Wealth
Build a business designed from inception to sell at premium multiples
Selling company for 8x+ revenue in top decile of industry valuations
Time-bounded Recovery Framework
A self-imposed time limit for processing and recovering from failures, losses, or setbacks before you must take action t
Influence Absorption Framework
A deliberate strategy of deeply studying 3-5 people you admire so thoroughly that you can 'turn them on' and channel the