My First Million cover image

Jack Smith On Biohacking, 2 Easy Business Ideas, PLUS Why Procrastination Is Good

My First Million

NOTE

Think Before You Begin

Spending time evaluating ideas before starting a project is crucial for long-term success. Many individuals rush into pursuits driven by impatience, often selecting the first idea that comes to mind rather than exploring various options. This hasty approach can lead to regrets later on because a project demands significant time and resources. Founders frequently find themselves constrained by initial choices, leading to a narrow focus that hinders the exploration of potentially better opportunities. A vital trait for a successful startup is not just the execution or the team, but significantly the size and growth potential of the market, which can limit or enhance the success of otherwise promising ideas.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner