1. Failure is a valuable learning experience

When you fail, you have the opportunity to learn from your mistakes and figure out what went wrong. This has been something I've learned to embrace.

Having this knowledge can help you make better decisions in the future and avoid making the same mistakes again.

The more you fail, the more you learn, and the better equipped you become to deal with challenges in the future.

2. Failure builds resilience

Entrepreneurship is a tough and challenging journey, and failure is a natural part of it. When you learn to embrace failure and bounce back from it, you build resilience and mental toughness, which are great qualities for success in any field. Without failure, you may not discover new opportunities or breakthroughs.

3. Failure helps you take calculated risks

If you're not willing to take risks, you'll never be able to achieve anything great. However, taking risks means that you may fail from time to time. Learning to embrace failure and learn from your mistakes will help you take calculated risks and make better decisions.

4. Failure can lead to innovation

Some of the greatest innovations in history have come as a result of failure. When something doesn't work out the way you expected, you have the opportunity to think outside the box and come up with new and innovative solutions.

5. Failure can make you more empathetic

When you fail, you can develop a deeper sense of empathy for others who are going through a similar experience. This can help you build stronger relationships with your employees, customers and partners.

6. Failure helps you to identify your weaknesses

When you fail, you are forced to confront your weaknesses and areas where you need to improve. This self-reflection can help you to become more self-aware and develop strategies to overcome your weaknesses.

How Elon Musk makes decisions and used his lessons to build a $20M business by 27.

Here's Elon Musk's decision-making protocol:

First principles thinking is the secret behind Elon's success.

It's about breaking problems down to their core truths and reasoning up from there.

Most people think by analogy - doing things how they've always been done.

First principles thinkers question everything.

When Elon wanted to build electric cars, people said it was impossible due to expensive battery packs.

So Elon broke it down: What are batteries made of? Could he buy the raw materials cheaply and make his own batteries?

By reasoning from first principles, he found a way.

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I used to follow the crowd. I started multiple businesses that failed because I wasn't investing in the small details.

After my third failure, I discovered first principles thinking. It completely shifted my approach and led to my first $10M/year company.

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In the online education space, everyone was selling $2K-$3K cookie-cutter programs.

The market was saturated and uninspired. So I questioned my assumptions:

What did I, as a consumer, really want? What would the ultimate premium trading education look like?

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First principles thinking can be applied to any field. It's about questioning assumptions and getting to the root of problems.

When you do this, you'll find opportunities that everyone else is missing.

You'll see the world with fresh eyes.

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But this type of thinking has been trained out of us.

Since the industrial revolution, education has focused on conformity over creativity.

We've been conditioned to follow rules and not question authority—getting stuck in the pattern of doing things the old way.

To succeed in today's world, you must unlearn this conditioning.

You need to relearn how to think for yourself, question everything, and reason from first principles.

It's not easy, but it's the key to your next breakthrough.

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You startup app doesn’t need:
- microservices
- sharding
- CAP theorem

You startup app needs:
- a clear landing page
- a good UX
- an obvious value prop!

How to make a business plan?

Sometimes aspiring entrepreneurs visualize a business plan simply as a beautiful graph where profits are skyrocketing 📈

In reality, a business plan is much more complex and should answer four questions:

1. What product or service will you sell?
2. Who are your customers?
3. What will be the cost of starting the business and running it each month?
4. What will your revenue and profit be approximately?

The most important part is the financial calculations. They should be as detailed and realistic as possible. For example, not just "let's buy raw materials", but from which specific supplier, at what price, and with what logistics costs.

Start by questioning your own beliefs and assumptions.

What do you believe that may not be true?
What bottlenecks do you face that you've been told are impossible to overcome?

Make a list. Be brutally honest with yourself. Then start reasoning up from the fundamental truths.

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This will be uncomfortable. You're rewiring your brain to think in a completely different way.

But with practice, it will become second nature. You'll start to see the world differently.

Opportunities will jump out at you. Solutions will appear where others see only roadblocks.

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The most successful people in the world - from Elon Musk to Jeff Bezos - are first principles thinkers.

They don't accept the status quo. They continuously question, innovate, and disrupt.

And that's why they achieve the extraordinary.

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You have that same potential inside of you. But to unlock it, you need to break free from conventional thinking.

You need to embrace the power of first principles. You need to learn to see the world anew.

Master it, and you'll master your destiny.

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Men are happiest when they are making money, owning businesses, buying massive land, having a home gym, and building a big family.

Men in your 20s and 30s, read this... 👇

Ideas mean nothing. Zero. Zilch.

Execution Is the only thing that matters.

It's not what you thought about doing, it's about what you did.