Entrepreneurship (MoC) - DeveloPassion

# Entrepreneurship (MoC) ## Notes   - [[21 months in and 80K views later (Article)]] - [[A business is a system]] - [[A consistent schedule allows the audience to develop a habit around your content]] - [[Always reward the early adopters]] - [[Basic business constraints]] - [[Become the monopoly of a very niche market]] - [[Bias for action]] - [[Bootstrapping is the hardest thing I've worked on in my entire life]] - [[Build a main thing or a side thing]] - [[Building in public]] - [[Bundling vs Unbundling products]] - [[Business Model Canvas]] - [[Business vs problem brain]] - [[Calm business]] - [[Calm businesses are a viable path]] - [[Calm businesses are a viable path too (Article)]] - [[Can we both be craftsmen and businessmen]] - [[Change the circumstances that you can change and cope with those you can't]] - [[Cheap vs expensive ideas]] - [[Chief Everything Officer (CEO)]] - [[Chief Executive Officer (CEO)]] - [[Cohort Based Courses (CBCs)]] - [[Connecting social media with email is the key to long-term business success]] - [[Create daily rituals in the lives of your users]] - [[Customer Pain Points]] - [[Default alive business]] - [[Deferred lifestyle]] - [[DeveloPassion's Newsletter 014 - Startup woes]] - [[DeveloPassion's Newsletter 017 - Next Generation Personal Knowledge Management]] - [[DeveloPassion's Newsletter 029 - Entrepreneurial Journey]] - [[Differences between audience, community and customers]] - [[Don't fight the wind]] - [[Don't worry if you're late to the party. You can still win the game.]] - [[Engineer serendipity]] - [[Entrepreneurship is all about working with extreme agency]] - [[Entrepreneurship toolbelt]] - [[Eventual reciprocity]] - [[Flywheels]] - [[Focus on creating a library, not just a few pieces of content]] - [[Focus on positive-sum games]] - [[Focus on solutions, not problems]] - [[Focus on your customer and the results they want or need. Not the method or mechanism]] - [[How I Organize My Work As a Solo Founder]] - [[How I Organize My Work As a Solo Founder (Article)]] - [[How to build a Product - From idea to code (Article)]] - [[How to fight against inertia to change the world (Article)]] - [[How to know if a problem is worth solving]] - [[How to launch a product or service]] - [[Human-Market Fit (HMF)]] - [[It should be win-win-win everywhere]] - [[It's a great idea! But it just doesn't make economic sense]] - [[It's okay if you need to stop and start over]] - [[Keep the power to end things]] - [[Lag between efforts and outcomes]] - [[Launching too soon]] - [[Lurk as a service]] - [[Make useful things, not merely usable things]] - [[Market risk]] - [[Mindset is critical to success]] - [[Mindset shifts]] - [[Minimum Viable Product (MVP)]] - [[Mistakes are lessons. Lessons are gifts. Therefore, mistakes are gifts]] - [[Monthly Recurring Revenue (MRR)]] - [[My current Indie Hacking toolkit (2022 edition) (Article)]] - [[My Entrepreneurial Journey - 2021 Edition]] - [[Niche down by product or audience]] - [[Now page]] - [[Passive income requires long-term thinking]] - [[Platform risk]] - [[Portfolio thinking]] - [[Positive-sum game]] - [[Prioritizing independence]] - [[Product Market Fit (PMF)]] - [[Productized services]] - [[Productizing yourself is the process of transforming your interests into forms that can be inifinitely leveraged]] - [[Psychology of procrastination]] - [[Reduce uncertainty for others as much as you can]] - [[Research, Build, Market, Rest, Repeat]] - [[SaaS - Legal preparations]] - [[SaaS startup tech stack advice]] - [[Shiny object syndrome]] - [[Shiny poney]] - [[Small and riskless bets]] - [[Small Bets Community]] - [[Sometimes we fail to recognize opportunities]] - [[Start small]] - [[Starting leads to growth]] - [[Startup failure stories - 20 months in, 2K hours spent and 200K € lost (Article)]] - [[Stop waiting for the right time]] - [[Subscription business model]] - [[Success comes from]] - [[The 10 percent target]] - [[The Matthew Principle]] - [[The Myth of the Immediately Successful Entrepreneur]] - [[The mythical right time]] - [[The mythical right time - Don't Wait to Chase Your Dreams (Article)]] - [[The mythical right time (Article)]] - [[The Power of Modern Knowledge Management for Business Professionals (Article)]] - [[The Power of Setting Achievable Goals - How Lowering the Bar Leads to Success (Article)]] - [[The solopreneur playbook]] - [[Tiered pricing]] - [[Tiered pricing equilibrium]] - [[Tips for choosing a product name]] - [[Tips for for finding problems]] - [[Tips to build a product]] - [[Tips to create an unstoppable advantage]] - [[Tips to reach product market fit faster]] - [[To get traction, you need distribution and differentiation]] - [[Tracking progress towards SaaS business goals]] - [[Triangle of purpose]] - [[Understanding Eventual Reciprocity (Article)]] - [[Unlocking Founder Success - The Essential Guide to Journaling for Business Growth (Article)]] - [[Value Proposition Canvas]] - [[When you create something, carry quality all the way through]] - [[Where do you want to be in 3 years]] - [[Where to promote projects]] - [[Who knows anyway]] - [[Why all solopreneurs should write a journal (Article)]] - [[Why solopreneurs are missing out when not taking or making notes and using PKM]] - [[Work on crazy ideas]] - [[Working under uncertainty]] - [[Y Combinator]] - [[Zebras vs Unicorns]]  ## Quotes   - [[A challenge for indie companies, sticking around long enough to prove that you will be sticking around]] - [[A startup with revenue has 100 problems . A startup without revenue just has 1]] - [[A taste of freedom can make you unemployable]] - [[A year from now you will wish you had started today]] - [[A year from now, you will wish you had started today]] - [[An overnight success is ten years in the making]] - [[As a lifelong learner, entrepreneurship is like a drug. There's a never-ending list of skills to acquire, and new things to learn]] - [[As an entrepreneur, you have to completely unlearn all the things that schools and universities have taught you about failing]] - [[Behind every successful entrepreneur is a former failed self]] - [[Bootstrapping a business means saying no to the non-essential things. Your resources are limited, so you have to prioritize the actions and choices that have the most impact]] - [[Build a business that actually leaves room to spend time with family at the end of the day, take a break if you need to, and do the things that you truly enjoy]] - [[Change course, but don’t give up]] - [[Competition is for losers]] - [[Customers don't buy products. They buy the benefits that these products and their suppliers offer to them]] - [[Don't get caught up in thinking about what to build just build]] - [[Don’t just shout your idea into the void. Repeat it until it’s heard]] - [[Don't just take a part of the pie. Make the pie bigger]] - [[Don't place all your money, all your trust, all your creativity or all your energy in a single endeavor. Diversify and try tiny projects instead]] - [[Don't rush, but don't wait]] - [[Don't wait for an opportunity. Create it]] - [[Don't wait for permission to monetize your skills]] - [[Entrepreneurship is like jumping off a cliff and assembling an airplane plane on the way down]] - [[Entrepreneurship is living years of your life like most people won't so you can spend the rest of your life like most people can't]] - [[Entrepreneurship is to carry an invisible burden, to sacrifice one's time, one's health, and sometimes even one's happiness, while the world only sees the result, never the exhaustion]] - [[Everyone has leftover minutes in their day]] - [[Everyone who's ever taken a shower has an idea. It's the person who gets out of the shower, dries off, and does something about it who makes a difference]] - [[Everyone's looking for an angle. The best one is 0 degrees. Just be straightforward]] - [[Figure out what you can do better than anyone else. Do it until everyone sees how good you are. Stand out from the crowd]] - [[Focus more on making the pie bigger than on exactly how to slice it so that you or anyone else gets the biggest piece]] - [[Focus on problems, they grow. Focus on solutions, you grow]] - [[Forget about founding a startup. Instead become a VC for your own ideas]] - [[Freeing yourself of the 9-5 requires making good use of the 5-9]] - [[From the ashes of disaster grow the roses of success]] - [[Go big or go broke]] - [[How wonderful it is that nobody need wait a single moment before starting to improve the world]] - [[I have the possibility to do it, possibilities are endless, and moving towards more freedom is a necessity]] - [[I'm convinced that about half of what separates the most successful entrepreneurs from the non-successful ones is pure perseverance]] - [[If they don't pay, they're not a customer and it's not validation]] - [[If you have a dream, don't waste your energies explaining why]] - [[If you manage to have fun when things get really hard, then you are made to be an entrepreneur]] - [[If you really look closely, most overnight successes took a long time]] - [[If you want to be successful, you must respect one rule – Never lie to yourself]] - [[If you want to make money, reverse engineer why you spend money]] - [[If you’re going to try, go all the way. Otherwise don't even try]] - [[If you’re going to try, go all the way. Otherwise don’t even try]] - [[If your project is only half done, just delete the other half. Now it is fully done]] - [[It doesn’t take money to make money, it takes leverage to make money]] - [[It has always been, and will always be about getting it wrong until you get it right]] - [[It is not a move, even the best move that you must seek, but a realizable plan]] - [[It takes entrepreneurs an average of 3.8 failed ventures before they manage to start a successful business]] - [[It takes time to build good things]] - [[It’s easier to build something a small number of people love than something a lot of people like]] - [[It’s not about finding the perfect tools and hacks. It's about strategy and execution]] - [[Knowing what you want is a competitive advantage]] - [[Learn to sell. Learn to build. If you can do both, you will be unstoppable]] - [[Make it work, make it right, make it fast. In that order]] - [[Make something people want]] - [[Make your ideas paper airplanes. Simple, fast to construct, easy to explain, and easier to try]] - [[Making money is a consequence of making a difference in people's lives]] - [[Making money is not a thing that you do. It's a skill that you learn]] - [[Making money online is very easy, you just need a strong head and consistent action]] - [[Most people can stay excited for two or three months. A few people can stay excited for two or three years. But a winner will stay excited for twenty or thirty years... Or as long as it takes to win]] - [[Most people overestimate what they can do in one year and underestimate what they can do in ten years]] - [[No map to the top. No guidebook. No ten steps. No secrets. Just not quitting]] - [[Only write code when you can’t think of any other way to validate your hypothesis]] - [[Opportunities are like fish. A lot of in your sea (life) but to see them you need to be fully present and to… fish. Do you have enough energy and attention to be a good fisherman. That is the question]] - [[Past results don't guarantee future outcomes, especially in entrepreneurship. Treat all advice as anecdotal]] - [[Pay yourself as much as you need to not be distracted by anything that would slow you down]] - [[People don't care about your solutions nearly as much as they care about their problems. If you want to make a sale, focus on the problems]] - [[Perfectionism is fear in fancy footwear and we ain’t got the money, honey. Ship it]] - [[Persistence beats timing. Execution beats luck. Not immediately, but eventually]] - [[Put your work in front of others even when it's not done, not perfect]] - [[Redesigning your personal website is inversely correlated with you ever writing another blog post]] - [[Sell the problem you solve, not the product you make]] - [[Sell what you know and see what sticks]] - [[Show me an experimenter, and over the long run, I'll show you a future winner]] - [[Slow is smooth and smooth is fast]] - [[Software-as-a-Service doesn't have a final version. It only gets closer to being its most useful version yet]] - [[Solve problems and you'll attract tire kickers. Highlight problems and you'll attract paying clients]] - [[Startup is an execution game]] - [[Stop waiting for someone to give you permission. Just start building]] - [[Successful founders have a bias towards action]] - [[Successful people do what unsuccessful people won't]] - [[Take small bites every day]] - [[The difference between an employee and an entrepreneur is control over your potential]] - [[The entrepreneurs who end up succeeding are those who didn't give up. This doesn't mean they were stubborn. No, they adapted, they pivoted, they experimented. But they kept going]] - [[The goal isn't passive income. The goal is active income doing what you like]] - [[The highest status people in human history are those that asked for nothing and gave everything]] - [[The only thing harder than starting a startup is shutting one down]] - [[The paradox of entrepreneurship. In order to get started, you need to hate repetition enough to take the leap. In order to win, you need to love repetition enough to never stop]] - [[The people who are crazy enough to think they can change the world are the ones who do]] - [[The secret to incremental success is looking for incremental lessons]] - [[The single biggest wealth hack is living in the future]] - [[The way to figure out what to work on is by working. If you're not sure what to work on, guess. But pick something and get going]] - [[The world is full of solutions looking for a problem]] - [[The world is not a given. It is a creation]] - [[The world needs more entrepreneurs. It needs more fighters. It needs more magic]] - [[This is the pain of creation. You sit as a conduit between the possible and the doable]] - [[Time-saving, money-saving, and money-making solutions are always in demand]] - [[To find good ideas, ship many ideas]] - [[We should all have big and hairy goals. Even if those are too ambitious and impossible to achieve, working towards such goals will often help us realize our full potential. We will also be surprised by how far we can go]] - [[We’re here to make a dent in the universe]] - [[What feels like failure today is often part of success tomorrow]] - [[What got you here won't get you there]] - [[What is not started today is never finished tomorrow]] - [[What you choose to work on, and who you choose to work with, are far more important than how hard you work]] - [[Where there's money to be saved, there's money to be made]] - [[Which games you play is more important than how well you play them]] - [[Work 4 days a week for a while and start trying things out. Explore your creativity. Give that idea a try. Start that project. Make the first step. Taste freedom]] - [[Work like there is someone working 24 hours a day to take it all away from you]] - [[Working hard makes you money. Working smart sets you free]] - [[You aren't rewarded for hard work]] - [[You can always trade time for features, but you can never trade features for time]] - [[You can’t compete with someone who is having fun]] - [[You can't get rich without enriching others]] - [[You don’t control the mountain, only the climb]] - [[You don't find a solution without having a problem first]] - [[You have to keep at it with a lot of curiosity for a long, long time]] - [[You want to be the only person who does what you do]] - [[Your first step becomes a draft for the next]] - [[Your mental health has an enormous impact on if you will be successful or not. Don't neglect it]]