Book Byte #83 "Million Dollar Weekend" by Noah Kagan
The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours
đŁ Curious Quotes from the Author
âOverthinking seems like the âsmartâ way to launch, but itâs far less effective. Super-successful people do the oppositeâthey take action first, get real feedback, and learn from that, which is a million times more valuable than any book or course. And quicker! Most people: Overthink first, act later. Every successful entrepreneur: Act first, figure it out later.â
âNext time you are overthinking and not taking action, tell yourself to prioritize taking action NOW and donât worry about the HOW. After you do this ONCE, you quickly get momentum and it becomes easier and more natural.â
âWhat percentage of your list opens every email because they feel like they know and trust you? A healthy email list has a 20 percent open rate. Target that.â
âNext time you are overthinking and not taking action, tell yourself to prioritize taking action NOW and donât worry about the HOW. After you do this ONCE, you quickly get momentum and it becomes easier and more natural.â
âWhat percentage of your list opens every email because they feel like they know and trust you? A healthy email list has a 20 percent open rate. Target that.â
âThe goal here is to document what YOU do, not what you think everyone else should do. When you position yourself as someone who is on a journey and document your process and your progress, you become relatable, and that is what audiences long for. Some of my most popular videos feature me failing, often. Itâs fascinating that people want to see whatâs really going on, not the highlight reel we think they want.â
âThen I remind myself of Rejection Goals: âThis is going to suck. Let me aim to get at least twenty-five rejections.â
âCustomers Want Solutions, Not Ideas Customers donât care about your ideas; they care about whether you can solve their problems. And you should not build your idea into a business if you donât know with 100 percent certainty that itâs a solution your customers will pay for.â
đ Cognition of the Bookâs Big Idea:
Embarking on your entrepreneurial career entails embracing uncertainty and turning them into opportunities. It's not just about having the resources; it's also about using your unique insights, guts, and willingness to begin despite the risk of rejection. You will need to create a community-driven growth engine in which genuine involvement and connection building convert followers into committed consumers. This method focuses on establishing a movement and leaving legacies that resonate with your audience, rather than just a transaction.
You're ready to not just start a business but to survive by implementing specific strategies, setting clear goals, embracing innovation, and focusing on customer happiness, resulting in a venture that is market responsive and based on genuine, validated demand. This broad understanding equips you to face the obstacles of business from a new perspective, ready to make your aspirations a reality.
đ ď¸Fixing the Tech Industry
There are a lot of businesses out there. Even more, there are a lot of people who want to start a successful Business. Few reach that goal in comparison.
The reason why is that they donât validate their ideas first and then move on to building an empire. They do it in the wrong order. They overthink everything til the end in their mind and then goto work. The problem lies in them not even finding out if people want this particular problem solved, and in the way that you present it.
Start Small, Start Now and get a lot of help from your potential customers first before trying to start the next Facebook.
đ¤Collaborate with others with this Social Media Prompt:
What would you consider to be a problem you would love to have solved but havenât seen any good solutions for yet? How could you turn that into a Business on the side?