Earlier this week, I came across an article written by Ramit, titled Why Successful People Take 10 Years to ‘Succeed Overnight’.
Ramit started his personal-finance blog in 2004, while he was still in college. For the first three years, he made no money at all. Ten years later, in 2014, he had his first $5 million dollar week! Today, his “hobby blog” is a multi-million dollar business.
When new business owners ask Ramit for advice, he recommends his Domino Strategy:
First, start so small that you can easily knock over the first domino.
For example, the first step in starting a business is to brainstorm the business idea.
Second, put the dominoes in just the right sequence so that each small step makes the next, bigger step possible.
The second step in starting a business is to find one paying customer to test if the idea has potential. Your initial plan should be to get one customer, not 10,000 customers. Once you have the first customer, you can start planning how to get five customers, etc.
If you start small and level up slowly, you’ll never think to yourself, “I don’t have time or money to do this.”
Ramit Sethi is so awesome!
You can read the whole article at Why Successful People Take 10 Years to ‘Succeed Overnight’.
I also encourage you to visit Ramit’s website at www.iwillteachyoutoberich.com.