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Bootstrapping a Side Project into a Product

This is a nice story I like a lot.

Bootstrapping a Side Project into $10K/Mo Startup in the Pursuit of Freedom

Key Takeaways

  • Find a problem in your life or by observing others and then pick one that is worth solving.
  • Build Minimum Loveable Product (MLP) instead of Minimum Viable Product (MVP).
  • Ship fast and often.
  • Find organic ways of marketing from day one.
  • Don’t wait to charge your customers. The product is not validated unless people are willing to take their card out of their wallet and pay for it.
  • Do not quit your job unless the side project is ramen profitable.
  • The best investor you can get for your startup is your customer.
  • Automate anything and everything.
  • You do not need more people or fancy office space to build a profitable startup.
  • If you know to code, you can create software that works for you while you sleep.
  • Be obsessed with delighting customers. You get back customer retention, low CAC, High ARPU
  • Focus on profitability. It’s is the real health of your business
  • Other than delighting customers and profitability, nothing else really matters.
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