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4 Steps To Building A Million Dollar Business

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“This is the “want-repreneur” epidemic, where people prevent themselves from ever actually doing the side project they always talk about over beers. The truth of the matter is that you don’t have to spend a lot of time building the foundation for a successful business. In most cases, it shouldn’t take you more than a couple days.” — Noah Kagan, Chief Sumo, AppSumo.com

I read on average 100+ article/blogs/editorials a week. My secret to this is skimming. Read the title and opening paragraph then skim until you get the joke*, and then move on. Most articles can be read in under 15 seconds.
*NOTE: The word “joke” meaning takes the form of a story, usually with dialogue, and ends in a punch line.

Here are a few goodies skimmed delivered with a punch that might be of interest:

A serial startup employee explains 4 key steps to building a $1 million business in under 48 hours

ENTER NOAH. Noah Kagan has an impressive resume; employee No. 30 at Facebook, No. 4 at Mint, had previously worked for Intel (where he frequently took naps under his desk) and had turned down a six-figure offer from Yahoo. Noah’s helped create Gambit, an online gaming payment platform and a multimillion-dollar business, and AppSumo, loved by entrepreneurs and moms everywhere. He also helped pour fire on the 4-Hour Workweek and 4-Hour Body launches.

GET THE JOKE:
Here are the four steps:
Step 1: Find your (profitable) idea
Step 2: Find $1 million worth of customers
Step 3: Assess your customer’s value
Step 4: Validate your idea

So, what now?

  • You are inspired. Check.
  • You want to do something. Check.
  • You get a link to a funny YouTube video, then you open up Reddit. Check.
  • Suddenly, everything you thought you were going to do goes down the drain. Check.
  • You and I softly weep. Check.

Want to more details? Then READ ON.


 Shark Tank’ investor Barbara Corcoran says blowing $67,000 was probably the happiest day of her life.

Barbara Corcoran sold her real estate firm for $66 million in 2001, it was Manhattan’s second-largest private real-estate company and had given her the reputation as a power player. She blew it by buying herself and each of her parents a car. “And it was probably their happiest and my happiest day in my life,” she said.

GET THE JOKE:
Invest in the things that have meaning in your life, because it’s not so much about dollar value. It’s more about psychic value,” she said. “And believe me, that was probably the happiest money I’ve ever spent in my life.
 Want to know more details? Then READ ON.

A man who spent 5 years studying self-made millionaires found a common daily habit could be keeping you from getting rich.

After studying the daily habits of 177 self-made millionaires over the course of five years, Thomas C. Corley found that they avoid one costly habit: procrastination.

It prevents even the most talented individuals from realizing success in life,” he writes in his upcoming book, “Change Your Habits, Change Your Life.”

GET THE JOKE:
How do they silence it? They rely on “to-do” lists to get things done. They create firm deadlines, and they meet with “accountability partners” to ensure they’re sticking to their goals and deadlines, Corley says.
Nearly everyone is susceptible to procrastination — but fighting against it can make all the difference.
Want more details? Then READ ON.

“I’m a self-made millionaire, and here’s the single best piece of advice I can give you about money.

Steve Siebold is an author of “How Rich People Think,” and a self-made millionaire who has interviewed more than 1,200 of the world’s wealthiest people.After interviewing more than 1,200 of the world’s wealthiest people over the past 30 years, and finding more than 100 differences in how they think about money compared to everyone else, people often ask me: What’s the one best piece of advice you can give me about money?

GET THE JOKE:
Stop telling yourself that getting rich is outside of your control. The truth is that making money is an inside job.

Want more details? Then READ ON.


 

Greg Johnston
Founder, Mentor+ and Hitch+

A star wants to see himself rise to the top. A leader wants to see those around him rise to the top.” – Simon Sinek