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Figure out the product that you’re going to sell
And I know you want to over complicate everything because we all want to change the world and build something really exciting. I wanted to start a company which helped people study abroad. The idea was to build a one place solution for booking all of those experiences.
But the problem was that we were still studying at the University. I was 21 years old and had $200. like building a database with that budget and that experience is impossible. But what we thought is that we needed to start with something really basic. Like something that we can sell tomorrow and something that we could sell tomorrow was actually me. And $200 was spent on actually registering the company getting a bank account and building that landing page.
A lot of beginner entrepreneurs make this mistake when they’re like oh I cannot roll out the product tomorrow. I need a sit-down like really write down a business plan and calculate everything and then maybe create a great website. And then you know talk to friends and pitch my idea but before rolling it out to the market I need to make sure it’s perfect.
That’s super wrong. Don’t do that because the problem is you might spend like two years building something…
