Thread by @trylks

@danthemanlok 3 lessons for entrepreneurship
- Dominate, don't compete
- Verify, don't assume
- Be somebody, be somewhere, do something

@peterthiel Zero to One
-Build a monopoly, avoid competition
-Start w/ yourself: laser focus
-Do something new, 10x improvement, for a niche, then scale
[get knowledge, shift consumers]
-Network effects, economies of scale, branding
[protect your market]

@tferriss
- Create a category, don't compete at one; easily differentiate
- Niche, not scale; quality, not quantity
- Scratch your own itch, explain it simple
- Measurable objectives, eg start: 1K true fans, track _,…
- Focus: effective & pareto principle

@Bill_Gross how decisive is:
- Timing: 42%
- Team/execution: 32%
- Idea "Truth" outlier: 28%
- Business model: 24%
- Funding: 14%

@garyvee Maybe it's all BS and the only way is working, investing your earnings, and then working some more. A perspective to keep in mind. BTW: Don't forget that it takes working hard *and* smart.

Short pause to mention that this thread is a sub-thread of a parent thread, which may be interesting for you. There are definitively more references, principles, points, and things to consider, with plenty of links. Here:

https://twitter.com/trylks/status/1022118575677616128?s=19

Think out of the box:
Normal approach → normal results
Break w/ norms, do things differently & better
Sometimes is not about what you add, but about what you remove
If something is wrong, unnecessary, expensive,… remove it!

https://www.twitter.com/PaulWPRulkens/status/1019461744916336640

@BedrosKeuilian (interesting as the centroid of a cluster, IMHO):

1. Find your purpose
2. Be resourceful, relentless, resilient
3. Set higher expectations
4. Own your life

First: Fail small many times very fast. Learn.

Then: Win big a few times committing to them. Invest.

https://twitter.com/naval/status/1052856864965152769

You need to check the numbers to evaluate how good your idea is, when are you going to break even, how much are you going to make. If it's not done, it may be for a reason, other people are "creative" too, not just you. Avoid self-delusion & ruin

Market analysis may be point zero, before starting:

- Creation of customer personas
- Value proposition - problem solution fit
- Business development
- Prototyping
- Real customer engagement
- Iterative product development
- Convincing product pitch

https://twitter.com/csarasuagar/status/1090594832853188608