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"Do I Have to Solve Hard Problems to Get Rich?"

Do you think life rewards you somewhat proportional to the hardness of the problem that you solve? >> So, [snorts] I think um a hard problem doesn't necessarily guarantee that it is a valuable problem.

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0:45
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Key takeaways

  • And so, if you want to be a millionaire, you do not need to solve a hard problem.
  • You just need to do a little bit better than other businesses that are wildly under-serving their customers, which I promise you there are plenty.
  • >> You can just have a pool cleaning business that just cleans better than the other guy and like shows up on time and all you got to do is knock on doors and ask if they want to switch because their current company probably doesn't pay attention to them.

Chapters

  1. 0:00
    Abschnitt 1 Do you think life rewards you somewhat proportional to the hardness of the problem that you solve?
  2. 0:28
    Abschnitt 2 You just need to do a little bit better than other businesses that are wildly under-serving their customers, which I promise you there are plenty.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

2 segments

0:00Do you think life rewards you somewhat proportional to the hardness of the problem that you solve? >> So, [snorts] I think um a hard problem doesn't necessarily guarantee that it is a valuable problem. >> Mhm. >> Like if you run a marathon very hard, doesn't necessarily make you more money. So, like there's lots of hard things that are out there that will not turn into monetization. The second thing is I think it depends on the size of your goals. And so, if you want to be a millionaire, you do not need to solve a hard problem.

0:28You just need to do a little bit better than other businesses that are wildly under-serving their customers, which I promise you there are plenty. >> Mhm. >> You can just have a pool cleaning business that just cleans better than the other guy and like shows up on time and all you got to do is knock on doors and ask if they want to switch because their current company probably doesn't pay attention to them.