The $100 Startup 💰😎🔥

 

 🚀 The Book in 3 Sentences

1. Building businesses is an important step towards Financial Freedom.
2. Work for yourself rather than working for someone else.
3. You just need passion and marketplace to start a successful business.

🎨 Impressions

This is one of the three books that most changed my life (the others being Untitled and Untitled).

It completely changed the way I thought about Business, and encouraged me to start my own micro business → Grow.EliteMindset

Who Should Read It?

I think this should be required reading for everyone in the world. If you’ve got an interest in entrepreneurship or business (of any sort), or working remotely you should stop reading this and just read the book.

Even if you don’t have the slightest interest in business, entrepreneurship or putting yourself out there in any capacity whatsoever, you should still read this because it’ll open up neural pathways and possibilities that you never knew existed.

✍️ My Top 3 Quotes

• "Good things happen to those who hustle" - ANAIS NIN
• "I'm not a businessman; I'm a business, man." - JAY-Z
• "Don't waste your time living someone else's life" - Steve Jobs

📒 Summary + Notes

My notes are informal and often contain quotes from the book as well as my own thoughts. This summary includes key lessons and important passages from the book.

• Start with a list of what you wanted to do, and then figuring out how to make that happen. (Make something and sell it)
• Build what you want if it don't exist in the marketplace.
• Passion or skill + usefulness = SUCCESS
• Build something that people want and give it to them.
• Catch a man a fish, and you can sell it to him. Teach a man to fish, and you ruin a wonderful business opportunity.
• Feature (descriptive) + Benefit (emotional).
• Sell Happiness
• An ounce of action worth more than a ton of theory.
• Bring more value to your business and you will never be out of business.
• Write down your passion and figure out a way that how it will help people.
• Do not underprice your services.
• Always focus what you can give or take away to improve someone's life... and then prepared to get paid.
• (Passion + Skill) —> (Problem + Marketplace) = Opportunity
• Only passion will not fill your bank account. Business build on the right kind of passion —> HIGHLY SUCCESSFUL
• Location is over-rated - build a business online or automate it so that you can work from anywhere in the world. (Same idea that was described in details in The Four-Hour Workweek)
• You should maintain a adventure work relation. Prioritize work because that's the reason you can travel anywhere.
• create Content —> write it down(Blog) / Video (YouTube) / Audio (Podcast).
• Roaming entrepreneurs are everywhere these days. Many of them are quietly building significant (six figure or higher) businesses while living in paradise.
• To check if people will be interested in your business/Product or not conduct survey via Google forms ( it's free). CAUTION - don't get too intimidated by the answers they are just opinions.
• Create a list of IDEAS. (write it down otherwise you will forget it).
• In the battle between planning and action, action wins.
• Don't think Innovation; think usefulness.
• Market before manufacturing - before investing so much of your time in a project market it and see that weather people are interested in your project or not.
• As soon as possible, find a way to get your first sale. (break the inertia).
• Advertising is like SEX: only losers pay for it.
• Buying a franchise that is based on someone else's company is usually a bad idea.
• Market Yourself. Create brand for your different skills (In my case Photography and Blogging are two different brand)
• Be sure to get the paperwork done 1st.
• You can also start affiliate program in your product websites as well. Visitors → Affiliate → Merchant. It will help spread your business.
• Don't wait for someone to give your permission.
• The most important lesson in the whole book: Don't waste your life living someone else's life.

Thank You for Reading!

With Love and Respect,

Vishesh 😃

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