Awful idea = -1
Weak idea = 1
So-so idea = 5
Good idea = 10
Great idea = 15
Brilliant idea = 20
No execution = $1
Weak execution = $1000
So-so execution = $10,000
Good execution = $100,000
Great execution = $1,000,000
Brilliant execution = $10,000,000
To make a business, you need to multiply the two.
—Derek Sivers, president and programmer, CD Baby and HostBaby
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Categories: Business, Getting Things Done
Tagged: Business
A friend back in college once told me that he doesn’t measure his time in terms of minutes or hours but with pesos. I thought he was just drunk as we often were in college. Years later, when I started accepting freelance projects, I realized how important it is to put a dollar amount on [...]
Categories: Getting Things Done
Tagged: Business, Getting Things Done
Traditional. VC-backed and a mix of seasoned executives. Everyone agrees that revenue or profit can come months, sometimes years after launch.
MicroISV. You (or with another developer) bootstrap your business while consulting or working for another company. You wear many hats and put in 60-hour weeks.
Side Project. You work on a small but persistent pain. You [...]
Categories: Business
You are paid what you are really worth
You know it. You are worth $95/hour but based on your employer’s sacred chart and formula, you should receive only $15/hour and there’s nothing you can do about it. If you are the employer, you set your rate and that should make you happy.
You call the shots. All [...]
Categories: Business
Tagged: Business