Be an inch wide and a mile deep
Focus drives excellence; or as the saying goes: be an inch wide and a mile deep. Nowhere does this apply more in building a business and launching a startup:
Sure, we all like to be broadly informed (aka: a mile wide and an inch deep) and social media and traditional print/broadcast media are very focused on this. TikTok is probably the best example of this.
Yet this mindset is an anathema to building excellence in businesses or products.
First you must define the foundations and build those, test those, and validate those. In a business-sense, this is the start-up phase: you've got an idea and a small amount of funding which you use to validate that there is a market demand for your service/idea. You have limited resources and so you typically have to quickly discard some paths that aren't working (gaining traction), and pivot to others that are. You do not have the luxury of launching a myriad of related ideas/products/services.
Having validated that the market sees your idea is commercially viable, you can more easily raise additional funds (if needed), and focus in on building momentum to accelerate growth. Bloody well done. And now you've reached a crucial fork in the road.
Specialise (and focus), or use your starting point to land-and-expand?
I'm a firm believer you must focus rather than diversify.
Build the absolute living fuck out of that idea, become the best in the world at delivering that product, service or experience. Evaluate and iterate. Repeat. Build a great team around you that fill in your gaps. Build the culture of learning and building and growing together.
But does that mean you never branch out?
Well, no it doesn't. I would suggest that the objective time point at which you start to consider that is when your first foundational product/service is significantly cash-flow/sat-flow positive. At this point, your first product/service is providing the funding to expand out and you are investing in yourself again.
This is an incredibly powerful position because it removes your reliance on external funders who always have a (very reasonable) need for a return, which inevitably places pressures on direction and timelines.
So if you've got an idea for a product or service, like Satoshi, quietly explore, research and test your idea with friends and colleagues who can critique gaps and suggest fresh ideas and perspectives. Identify what the thing is that you need to focus on .. then be relentless in retaining that focus and build the people around you that bring that to life and excellence.
Be an inch wide, and a mile deep.
Yep .. it's a meaningful amount of time to achieve or change or grow or build or create 🙂
Welcome 🤝
Add a lightning address so we can zap you ⚡
Wot's a Lightning address?
Wot's Lightning?
It's bitcoin 🧡
https://nostr.how/en/guides/setup-zapping-wallet
If you get stuck, holler 🙂
Hell yeah! Next one is the last weekend in July up in Palm Cove .. you know that time of the year when it's shitful weather and you'd really like some excuse to get away and spend some time in the sun .. just sayin ..
Splicing is nostr:npub1fuk7q4y0wzqw7vjrg7xeuuva79pg7ctg69a53zsxq6gepksufrrst9mzly magic .. incredible to use 😀
Our boi Jerome and his frens like #infiniteKashkari appear to be having a bit of a battle getting their heads around being shunted from one side of the equation to the other
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it." 
Our boi Jerome and his frens like #infiniteKashkari appear to be having a bit of a battle getting their heads around being shunted from one side of the equation to the other
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."
Our boi Jerome and his frens like #infiniteKashkari appear to be having a bit of a battle getting their heads around being shunted from one side of the equation to the other
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."
Our boi Jerome and his frens like #infiniteKashkari appear to be having a bit of a battle getting their heads around being shunted from one side of the equation to the other
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."
Our boi Jerome and his frens like #infiniteKashkari appear to be having a bit of a battle getting their heads around being shunted from one side of the equation to the other
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."
Great read .. I remember the Unix licensing wars that ultimately led to the need for Linux, and the resulting groundswell of information, applications, documentation, and usability that underpins its adoption today
Hadn't realised some of the FreeBSD usage .. lolz on MS porting hotmail to their hotmess of windows server 'architecture'
🙏
Upcoming #Bitcoin halving
A good time to reflect on the ending epoch
A great time to consider goals for the coming epoch
What changes in the next 4 years?
What do you want when the 6th epoch arrives in 2028?
- Health
- Family
- Place
- Purpose
- Resilience
- Knowledge and skills
- Contributions and projects
nostr:npub1v0pls98r3u94h4j9zksxx7g6pl0atvnk5vd6ujzk593pnk92p50sxjzn7r's created this beautiful celebration of the upcoming halving with quotes, countdowns, artists and music
Chuck it up at your halving bash 🧡
Your time is more valuable than your bitcoin; yet by spending your time on bitcoin, it in return, gifts you the greatest gift of all: time.
Agency:
Time and energy to spend where you choose - family, friends, community and passion projects
Brought to you by #Bitcoin.
Solid work by nostr:npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r
The only way you're ever going to be able to afford real estate is to save in #bitcoin; measured in #bitcoin, housing is getting cheaper
Said another way, #bitcoin as an asset class is out-performing housing .. so make YOUR money work for you 🤝
Solid work by nostr:npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r
The only way you're ever going to be able to afford real estate is to save in #bitcoin; measured in #bitcoin, housing is getting cheaper
Said another way, #bitcoin as an asset class is out-performing housing .. so make YOUR money work for you
$25 .. and that's AUD .. but I've orange-pilled my barber and he's never spent a sat so far .. hodling every earned sat 🧡
Hey nostr:npub1uq70uqgas9pyhds2zt57kr9se8rg3s68ztphjnq82ts8rzeknmeql7u0c2 .. wtf happened along the way?
In the beginning you very clearly articulated fedi as financially enabling communities, managed by a small group of guardians who were known (aka trusted) within the community
Clear on trade-offs and the reason for guardians and the need to run the infra that a fedimint would operate on .. then very long very quiet periods of building .. and now the bravo launch (🤝 ) .. but ..
The fedi app now has pages and pages and pages and pages and pages and pages of US-centric legal mumblefuck requiring acceptance to use, and agreement to be bound; at least based on the Bitcoin Atlantis one recently published I looked at
What on earth happened?
- too much vc money bringing too many lawyers?
- moved from building FOSS software to running software in order to monetise?
- 🤷♂️
The compare and contrast is kinda stark atm.