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You should give yourself every opportunity possible, especially as an entrepreneur where every advantage counts.Give yourself credit– This is the thing I do the least of and I’m trying to work on it.Sure you could still make a lot of money in something like the app store or the facebook platform, but the chances are significantly less than they were in the summer of 08 or spring of 2007. Peter Cooper and I clarified some of the semantics about what is a trend over here.If you do focus on a dollar amount, focus on the first ,000- This usually means you’ve found some repeatable process / minimal traction.Even if you put Bill Gates and Steve Jobs as founders in a new venture with a total market size of 10 million, there is no way they could become too wealthy without completely changing the business (ie- failing).Inequality of information- Find a place where you know something that many undervalue.Be so good they can’t ignore you- I first heard this quote from Marc Andreessen, but he stole it from Steve Martin.

Always keep your door/inbox open- You never know who is going to walk through your door contact you. At one point Bill Gates was just a random college kid calling an Albuquerque computer company.If you implemented X it would take a ton of time and morph what you’re doing.It’s also really really hard to say no when it comes from someone well respected like a VC or famous entrepreneur. Hell, they might even write me a check if I do what they say!!!!! Instead write the feedback down somewhere as one single data point to consider amongst others.Get as many distribution channels as possible- There is some weird sense that if you build something they will just come. Each one by itself may not be large, but if you have many it starts to add up. If you’re a 100% SEO play, you’re playing a dangerous dangerous game. Go with your gut and do not care about fameballing- Go with what your gut says, regardless of how it might look to the rest of the world. Be an unrelenting machine– Brick walls are there to show you how bad you want something. If your goal is to become a millionaire, you need to be an unrelenting machine that does not let emotions make you give up / stop.That a few “like” retweet buttons and emails to [email protected] make your traffic explode grow consistently. Too often we (I) get lost in caring about what people think. Don’t worry about becoming internet famous or appearing on teh maj0r blogz. Commit to your goals and do not waver from them a one bit regardless of what else is there. You either get it done with 100% commitment or you don’t. If it’s a mass market “trend” that’s all over the news, it’s too late- This means the barriers to entry are usually too high at this point to have the greatest possible chance of success.

Always keep your door/inbox open- You never know who is going to walk through your door contact you. At one point Bill Gates was just a random college kid calling an Albuquerque computer company.

If you implemented X it would take a ton of time and morph what you’re doing.

It’s also really really hard to say no when it comes from someone well respected like a VC or famous entrepreneur. Hell, they might even write me a check if I do what they say!!!!! Instead write the feedback down somewhere as one single data point to consider amongst others.

Get as many distribution channels as possible- There is some weird sense that if you build something they will just come. Each one by itself may not be large, but if you have many it starts to add up. If you’re a 100% SEO play, you’re playing a dangerous dangerous game. Go with your gut and do not care about fameballing- Go with what your gut says, regardless of how it might look to the rest of the world. Be an unrelenting machine– Brick walls are there to show you how bad you want something. If your goal is to become a millionaire, you need to be an unrelenting machine that does not let emotions make you give up / stop.

That a few “like” retweet buttons and emails to [email protected] make your traffic explode grow consistently. Too often we (I) get lost in caring about what people think. Don’t worry about becoming internet famous or appearing on teh maj0r blogz. Commit to your goals and do not waver from them a one bit regardless of what else is there. You either get it done with 100% commitment or you don’t. If it’s a mass market “trend” that’s all over the news, it’s too late- This means the barriers to entry are usually too high at this point to have the greatest possible chance of success.

If that same piece of feedback keeps coming up AND it fits within the guidelines of your vision, then you should consider it more seriously.