12 Months to $1 Million
5.0
8 min

12 Months to $1 Million

by Ryan Daniel Moran

Brief Summary

“12 Months to $1 Million” is an extensive guide on kick-starting a venture. The book provides example-based advice on funding, launching, and scaling your enterprise to start making money from it.

Key points

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Key idea 1 of 6

If you’ve ever thought about creating a million-dollar start-up, it might have seemed like an impossible destination. However, you can achieve it by having enough dedication and effort. Let’s find out how you can go up the ladder of entrepreneurship.

First, try researching to find an item or a service instead of rushing for numbers and predictions. This way, you will understand which change it can make, both in the market and in people’s lives. Consider Suzy Batiz's business story. She has always been interested in creating her own venture. Unfortunately, she had to face tons of hardships on her way, losing money and influence among her acquaintances. She didn’t quit, though.

Once, during her brainstorming session, she realized that she had to come back down to Earth to learn what she wanted to introduce to the world. Eventually, it appeared that odors in her bathroom distracted her every single day. Then, she decided to experiment to find a solution. Following that, she came up with Poo-Pourri sprays. It smashed the market!

With her insistence and hard work, she understood what she could present to the world. The key to her work was solving a problem instead of just selling goods. Thus, she found her market. Thousands of women worldwide who were facing the same concern became an ideal audience for her. They even maintained a firm connection.

Secondly, as you can see from Suzy’s story, you should find things that concern you personally. Chances are that you are not the only one facing such trouble. Touching an essential point may result in stable growth in customer base and revenue. As a result, you might get an enterprise that relies on stability instead of one-time transactions.

Thirdly, you must learn how to sacrifice something now to get more in the future. Unfortunately, finding a solution to an issue is not enough to boost your venture. You may feel overwhelmed by the difficulties of a new business, especially the taxes. However, you should continue investing your revenue into the deal, even if it means that your salary might be lower than you would like. By learning and getting a more proficient knowledge of the topic, you will understand how to make grounded decisions.

01
Turning problems into possibilities for a successful startup
02
There are several ways to fund your venture
03
Use the momentum to achieve more success
04
Leverage customer engagement for business success
05
As your business grows, you have two paths: scaling or selling
06
Final summary

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