Reads with Ravi
Reads with Ravi

@readswithravi

14 Tweets 216 reads Feb 06, 2024
“Million Dollar Weekend by Noah Kagan”
This is very highly useful and brilliant work. Noah has created a road map for every entrepreneur or thinking about becoming one. If you want to create a life you want to live, buy, and read this book.
10 lessons from the book 🧵
1) NOW, Not How:
Most People: Overthink first, act later.
Every Successful Entrepreneur: Act first, figure out later.
Don’t be afraid to act. Be afraid of living a life that seems more like a resume than an adventure.
2) Choose Your Freedom Number:
To make your dream come true, you first need to choose your attainable Freedom Number.
Start by choosing a short-term revenue goal that doesn’t scare you. The idea here is to hit on the precisely right ingredients for motivating a serial starter and boost your confidence.
3) Set Rejection Goals:
Set rejection goals and collect them as treasure. If you work hard to get so many noes, in them you will find a few yeses, too.
Every rejection is an opportunity; you can use it to take a deep dive into customer problems.
4) Develop Your Ask Muscle:
The thing is, most people don’t ask for what they want. They wish for it, they make “suggestions” and drop hints, they hope.
But the simple fact of business is that only by asking do you receive what you want.
No ASK? No GET.
That applies to every part of life. Seriously, every part. Embracing risk, fear, and rejection gives you the power to transform your life.
5) Become a Problem Seeker:
Great ideas come from being a problem seeker.
The crucial first step toward entrepreneurship is to study your own unhappiness and to think of solutions (business opportunities) for you to sell.
6) The Golden Rule of Validation in any business:
Find three customers in 48 hours who will give you money for your idea.
There’s a big difference between what people say and what people do. Everyone’s “interested” until they have to pay.
7) Social Media is for Growth:
The internet gives ANYONE the chance to have the same broadcasting power as a massive media brand. No permission is needed to build your own audience.
Use @AliAbdaal great guide for the audience gathering journey: The Content Circle Framework
8) Email is the king and queen of communicating with customers:
Email is the most valuable channel because it allows you to own the distribution and the communication with your customers.
Email marketing needs to be your new best friend.
9) The Law of 100:
Whatever you put yourself to, do it 100 times before you even THINK of stopping. It is about the power of consistency – the only way to get to greatness.
Step by Step. Video by video and email by email.
With each iteration, you keep improving, a little bit.
10) Double down on what works:
For your marketing, you need to find the tactics that are right for your business – not just what’s the “hottest” marketing strategy this month.
Double down on the experiments that work the best.
Kill the experiments that don’t meet the expectations.
Bonus:
Entrepreneurship is your chance to build your work around your life, not be swallowed up by it.
Thank you for going through the thread. Follow me at @readswithravi for more book learning, reviews, and lessons. Teach or share with others what you learn, that's how we grow.
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