Re:Ask HN: What was the one book that you read and it actual...
by anthony_franco on Friday September 14, 2018 @12:58AM
(#17984773)
If you interview people about the type of problems they deal with day to day then you start to get tons of ideas. That’s how I started.
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Re:Ask HN: What was the one book that you read and it actual...
by abdullahkhalids on Friday September 14, 2018 @01:26AM
(#17984893)
The problem isn't to find problem for which you can start a business. The problem is to find a problem for which you can start an automated business. That's much harder.
Re:Ask HN: What was the one book that you read and it actual...
by anthony_franco on Friday September 14, 2018 @02:35PM
(#17989666)
Every business can be automated. Just find good people to run it for you.
Re:Ask HN: What was the one book that you read and it actual...
by abdullahkhalids on Friday September 14, 2018 @03:20PM
(#17990078)
That's not the spirit of the 4HWW. The idea is to make a product that requires not much improvement, and people just buy it from your website, so essentially your 4 hours are spent doing accounting and basic customer support. You might have a part time guy to do server maintenance but that's about it. So essentially most of your revenue is profit for yourself, and you can run a "small" business with revenue in the 50-100K range.
If you start hiring full time workers, then your business has to scale a lot. Like revenue has to go to 500-1M range so you have enough to pay full time workers as well as money for yourself. That's just a completely different beast.
Re:Ask HN: What was the one book that you read and it actual...
by anthony_franco on Friday September 14, 2018 @04:24PM
(#17990640)
500-1M USD? If you hire full-time US workers then that's probably the case.
For me I hired a few remote part-timers around the world. So it costs me an order of magnitude less. And they're all awesome, so I barely have to lift a finger.