3 builders who never spoke to each other · contested
Set the first target low enough to hit
Aim at one dollar earned, then a hundred, because a target you cannot talk yourself out of gets a completed loop finished and teaches the fundamentals. Attrition here is brutal at both steps, most people never start and most starters never earn anything, so define success for the first attempt as learning how the game works.
What both sides agree on
- Six months is long enough to get a product earning something, but a year is the wrong horizon for judging the whole attempt.
- Expect the attrition to be brutal at both steps: most people who consider making a product never start, and most of those who do never earn a single dollar from it.
- Notice when launch planning has become about your own reputation and peer opinion, and redirect the time to the people who might pay.
Where this splits
One camp writes down the annual income the business must produce before starting, another treats any required revenue figure by a fixed month as the wrong frame entirely.
side 01 · 9 claims
Judge the first attempt by what you learn
Cory Zue · Jack Ellis · Justin Jackson · Preetam Nath
- 1Count your accumulated attempts rather than your age; the groundwork is what determines the outcome, not the year you start.
- 2Favour volume over perfectionism specifically while you are learning a skill, producing content, or establishing yourself in an industry, because iteration teaches faster than polishing one attempt.
- 3Redefine success for a first attempt as learning how the game works over one or two years, so the outcome is a win regardless of the financial result.
- 4Set your first revenue target low enough to be embarrassing, earn one dollar or a hundred on the internet, and use that completed loop to learn the fundamentals before scaling ambition.
- 5Do not make a guaranteed revenue figure by a fixed month a precondition for starting, since demanding a certain outcome from an uncertain process is the wrong frame for the work.
side 02 · 2 claims
Write down the income number before you start
Justin Jackson · Preetam Nath
- 1Fix two numbers before launching: the monthly revenue that covers your living costs, and a stretch figure you would be delighted by, and let those set what counts as success.
- 2Write down the specific annual income you want from the business before you begin, so success and failure are both measurable.
What it returned
- 45
A Harvard Business study found that founders who succeed average 45 years old; Justin co-founded Transistor at 38.
- 2,543
In the ceramics class Tom Kenny described, the highest-quality work came from the group graded on quantity rather than the group told to make one good piece; Jonathan Mann has published over 2,543 daily songs on YouTube and reckons 70% are fine, 20% bad and 10% good.
This is how Giacomo Guilizzoni framed leaving Adobe before he started Balsamiq.
A commenter on Zue's first post warned that his six-month timeline was worrying while insisting revenue was achievable in it; Zue's first place card dollar arrived a few weeks before the six months ran out
Sources
- What Amy Hoy taught me about starting a businessJustin Jackson · justinjackson.ca · First: Define what you want to achieve · undated · dissenting
- Do entrepreneurs create demand?Justin Jackson · justinjackson.ca · What factors do entrepreneurs control? · undated · dissenting
- Compounding returnsJustin Jackson · justinjackson.ca · Can you still iterate to a successful business if you're older? · undated · dissenting
- It's not us, it's themJustin Jackson · justinjackson.ca · Me, me, and more of me · undated · dissenting
- More stuff or better stuff?Justin Jackson · justinjackson.ca · More stuff or better stuff? · undated · dissenting
- Older founders do this betterJustin Jackson · justinjackson.ca · Older founders do this better · undated · dissenting
- When should you quit?Justin Jackson · justinjackson.ca · But how do you know when to give up? · undated · dissenting
- The roadmap to Product/Market Fit (PMF)… maybeJason Cohen · longform.asmartbear.com · Passion · 2023-12-24
- 2020 Year in Review - Fathom AnalyticsJack Ellis · usefathom.com · March - When everything changed · 2020-12-23
- Product DatingCory Zue · coryzue.com · Product Dating · 2017-04-11
- The FutureCory Zue · coryzue.com · 2017-09-27
- The Solopreneur SabbaticalCory Zue · coryzue.com · What are my plans so far? · 2017-03-28
- FreedomPreetam Nath · preetamnath.com · Freedom · 2020-06-13 · dissenting
- I haven't started my journey yet. How do I plan my 10 year outcome?Preetam Nath · preetamnath.com · I haven't started my journey yet. How do I plan my 10 year outcome? · 2021-02-27 · dissenting
- Start SmallPreetam Nath · preetamnath.com · The power of starting small · 2021-02-21 · dissenting
the second source
Three plays a week, for the phase you are in
No roundup of links, no news. Three tactics more than one builder arrived at separately, with the numbers each one returned and the disagreements left in.
More in product
- Give away a tool that pulls its own audience7 unconnected
- Take many small shots instead of one big bet6 unconnected · contested
- Get it into real hands, or shape it first6 unconnected · contested
- Cap the hours and let the ceiling design the business6 unconnected · contested
- Set the bar for writing code deliberately high6 unconnected
- Buy nothing until there is revenue6 unconnected