Focus Points for Entrepreneurs

When someone asked for advice on How to become a millionaire in 3 years on Hacker News, serial entrepreneur Jason Baptiste took the task seriously providing thirty-seven things to focus on when starting a company, including:

  • Market opportunity
  • Inequality of information
  • Surround yourself with smart people
  • Your primary metric shouldn’t be dollars
  • If you do focus on a dollar amount, focus on the first $10,000
  • Get as many distribution channels as possible
  • Be a master of information
  • Be so good they can’t ignore you
  • Give yourself every opportunity you can
  • Look for the accessory ecosystem
  • Make the illiquid, liquid
  • Don’t be emotional
  • Don’t leave things up to chance
  • Raise revenue, not funding
  • Don’t get comfortable
  • Don’t skimp on the important things
  • Keep the momentum going
  • Listen to (or read the transcriptions of) every Mixergy interview you can
  • Learn how to filter

Jason goes into great detail for each item on his list, starting his post with the clarification that these tips are for making a success of a business endeavour in “a short time frame” (i.e. not specifically for making a million dollars in three years).

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