THE 100$ STARTUP
"Catch a man a fish, and you can sell it to him. Teach a man to fish, and you ruin a wonderful business opportunity" - KARL MARX
Some of the most important main key points of the 100$ startup:
1. Freedom and value come when someone takes action on something he or she does to do anyway, a passion, skill or passion that a person ends up transforming into a business model.
2. Understanding your skills and knowledge, more your odds of success will yours.
3. Microbusinesses are those businesses that run by only one person.
4. Follow your passion model.
4. Follow your passion model.
5. Know your passion where no special skills required they are the skills that can be acquired through a short period of training on independent study.
6. Are customers buying your product? If the answer is yes, good. If not, what can we do differently?
6. Are customers buying your product? If the answer is yes, good. If not, what can we do differently?
7. Find your sweet spot known as convergence, it represents the intersection between something you especially like to do or are good at doing and what other people are also interested in.
8. Convergence is an overlapping space between what you care about and what people willing to spend money on.
9. You are probably good at more than one thing.
10. Success in entrepreneurship isn't necessarily related to being the best at any particular activity.
11. The Magic Formula: passion or skill + usefulness = success.
12. You don't need an MBA(keep the 60000$ tuition), venture capital. You just need a product or service, a group of who are people willing to pay for it, and a way to get paid.
13. Give people what they actually want, give them the fish.
14. Soon you'll notice that business ideas can come from anywhere.
15. Value: Something desirable and of worth, created through the exchange of efforts.
16. Dig deeper to uncover hidden emotional needs, make your customer a hero, sell what people buy.
17. There is a big difference between what people want than about what you think they want.
18. The first starting earning is most hardest.
19. Noting will work unless you do.
20. Start something from now.
The 100$ startup book is great business book for those who want to start their business but don't know where to start. So I highly recommend this book you should read one time. Author CHRIS GUILLEBEAU written a lot of people's business plans and where they started.
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