Only 4 out of 70+ projects I ever did made money and grew
Amre
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The founder of @nomadlist and @remoteok tweeted this, concluding with: "Ship...more" – an advice for all founders to keep launching projects until the right one is found.
https://twitter.com/levelsio/status/1457315274466594817
I interpret his experience quite differently: through his journey, he was dedicating himself to solving an unique problem in most of his projects. After multiple attempts and different approaches to understanding this problem, he eventually succeeded. And here is why: he finally grasped the problem in its entirety.
Most entrepreneurs face difficulties when starting their first startups, as they try to solve problems they don't understand well. They want to solve problems they haven't experienced enough, which limits their understanding and ability to find a solution.
It is important to understand the problem structurally—This involves opening up to different reflections: why is the problem? What could explain why it exists? How is it presented and what does it involve?
Find ideas on your area of expertise! Take advantage of your experience to come up with ideas. This approach is highly effective, as the ideas that you generate this way have a much higher chance of being successful given your experience of the problem.
Start with a problem you've personally encountered and understand—ideally one that you're in an unusual position to see. Have you been in a unique position to identify problems or opportunities through your professional or personal experience?
The founders we have discussed have acquired a deep understanding of the complexities of problem-solving through years of trial and error and continued exploration.
It is not enough to simply recognize and identify a problem; it must be fully comprehended to effectively address it.
Take your time to learn and gain a better understanding before venturing into the startup world. This is one of humanity's great advantages: the knowledge gained through experience can be shared.
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