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Can a Fastlane system be created in a month?

Soder

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Normally to create value to people take months or years.

I am in this process through an investment fund. But it allows me free time, since the investments are long term and although I am totally focused on it, analyzing, knowing potential clients, marketing, ... the timing in a long term fund is what it is and as Warren Buffett says "you can't produce a baby in one month by getting nine women pregnant."

That's why I'm thinking about trying to create another system at night or this summer that I'll have a few weeks off.

At first I thought that it is stupid to think about creating something interesting in a short time. But in this forum there are people who have created huge systems in months. Even the most extreme case I know is this idea idea of an empty web that raised more than $1M in months: The Million Dollar Homepage - Wikipedia

So the answer to the question of the title of this post is "if you can give value to many people in a month, yes you can."

Sometimes we have preconceived ideas that are difficult to eliminate. But the world doesn't care about the hours you work and how much you suffer, the world only interests you if you offer it value.
 
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Rawseed

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Interesting question.

The biggest concern would be whether or not you are violating the Commandment of Entry.

But, theoretically......

1. If you have a marketable skill that not many people have, but that you can teach to others, you could start a service business and outsource the labor to people that you've taught.

2. You could find a website that sells a great product, but is owned by a poor marketer. Buy, all the intellectual property and market it better. If you didn't have enough cash, you could do owner-financing or get a partner with cash.

3. You could find a patented product that has one purpose that is low profit, but you see the potential to use it for a purpose with a higher profit. Buy, the IP, then repurpose it.

4. Find an apartment building in an up-an-coming neighborhood, get investors to put up the money, and hire a property. manager.

5. Buy a service business with quality employees and equipment. Then market it better.

Probably many ways. But, overall it seems like you'd have to buy a product/service/solution that can't easily be copied. Then market and/or execute better than the previous owner.
 

AgainstAllOdds

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The Million Dollar Homepage - Wikipedia

The guy who made the million dollar homepage should be shot and killed.

This is the absolute dumbest and worst example that gets brought up time and time again. It is a false example of value creation, displays no semblance to a real business, and has a grand total of zero processes that are replicable.

The guy who made the page got lucky - the same way that stupid kickstarters catch on (like the guy that wanted to make potato salad).

You can't replicate these "businesses", and have nothing to learn from them. Nothing. You're better off never even hearing about them.

Now to answer your question, yeah, you can create a fastlane system in a month. But it's not going to be as easy as making a website and telling people to give you money. If that's your plan, you might as well play the lottery. You have to work your a$$ off and commit to a business that creates real value.
 
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Soder

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The guy who made the million dollar homepage should be shot and killed.

You're right, to succeed with luck at the beginning can be a disgrace and in this case it was. This link tells how he fell into void and resurfaced giving value to people through a meditation application.


You have to work your a$$ off and commit to a business that creates real value.

100% agree.
 
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AgainstAllOdds

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You're right, to succeed with luck at the beginning can be a disgrace and in this case it was. This link tells how he fell into void and resurfaced giving value to people through a meditation application.

Lol. I actually read that article and forgot about it.

Some good nuggets in there:

“Success can actually be bad, and can teach you the wrong things,” he says. “I was thinking about ideas that would get attention instead of provide value.”

In future examples for yourself, think about his meditation app. Ignore his lucky strike website.
 

Real Deal Denver

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At first glance, it appears to be very difficult;

Now to answer your question, yeah, you can create a fastlane system in a month. But it's not going to be as easy as making a website and telling people to give you money. If that's your plan, you might as well play the lottery. You have to work your a$$ off and commit to a business that creates real value.

But it's really not difficult at all;

But, theoretically......

1. If you have a marketable skill that not many people have, but that you can teach to others, you could start a service business and outsource the labor to people that you've taught.

2. You could find a website that sells a great product, but is owned by a poor marketer. Buy, all the intellectual property and market it better. If you didn't have enough cash, you could do owner-financing or get a partner with cash.

3. You could find a patented product that has one purpose that is low profit, but you see the potential to use it for a purpose with a higher profit. Buy, the IP, then repurpose it.

4. Find an apartment building in an up-an-coming neighborhood, get investors to put up the money, and hire a property. manager.

5. Buy a service business with quality employees and equipment. Then market it better.

Probably many ways. But, overall it seems like you'd have to buy a product/service/solution that can't easily be copied. Then market and/or execute better than the previous owner.

For excellent advice and guidance, check out @Johnny boy threads. He has mastered the art of refining and optimizing a business, and then putting it on auto-pilot.

You have to stop and look around. We are in the age of the internet. Our cell phones alone give us almost unlimited power and access to anything we need to run a business.

Want a real-life example of how to go from 0 to 60 in 6 seconds?

I recently had a conversation with a good friend of mine that could not break into a business that he could have dominated. The door was closed to him. The reason it was closed was because the company that licensed their product only allowed ten companies to use their product. Once ten was reached, it was the end of the game. The company (wisely) did not want to dilute their product. I told him I sure wished I had known about that when it happened because I could have changed it, and I could have gotten him access to "the promised land." He asked how that would even be possible? I said that the 80/20 rule implies that 20% of those ten companies were likely doing 80% of the business, which he agreed to that being the case, as I suspected. I said if you can't beat them - join them. Find the weakest player and buy them out. Fast - simple - effective. The lesson here is this; wham bam, the biz is already there and it's ripe for the taking for somebody that knows what they're doing.

All is not lost with that missed opportunity. We are now working together on a project that will be much more lucrative than the one he missed out on. We are both smarter today because of past 'lessons' learned from opportunities that somehow eluded us. So we are now smarter, stronger, and a little pissed off - all of which is a lethal combination for our competitors...

We are not entering a business that has not been proven. We are entering one that is well established and profitable. Our product (could also be service if you desire) is vastly superior to what is in the market presently.

So to answer your question in a very uplifting manner that I hope you can understand and assimilate; it is much easier to take over a city, rather than building one from scratch. Think about that and change your point of view - then go conquer something!
 
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Mattie

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Normally to create value to people take months or years.

I am in this process through an investment fund. But it allows me free time, since the investments are long term and although I am totally focused on it, analyzing, knowing potential clients, marketing, ... the timing in a long term fund is what it is and as Warren Buffett says "you can't produce a baby in one month by getting nine women pregnant."

That's why I'm thinking about trying to create another system at night or this summer that I'll have a few weeks off.

At first I thought that it is stupid to think about creating something interesting in a short time. But in this forum there are people who have created huge systems in months. Even the most extreme case I know is this idea idea of an empty web that raised more than $1M in months: The Million Dollar Homepage - Wikipedia

So the answer to the question of the title of this post is "if you can give value to many people in a month, yes you can."

Sometimes we have preconceived ideas that are difficult to eliminate. But the world doesn't care about the hours you work and how much you suffer, the world only interests you if you offer it value.
Short cuts and Short Term Gains. If it was that simple everyone in the forum would be billionaires right now.
 

AgainstAllOdds

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But it's really not difficult at all;

It's incredibly difficult. If it wasn't, then like @Mattie says, we'd all be billionaires now.

As for your examples, @Johnny boy is the man, and one of the few younger people that I'm excited for on this forum. However, to get to where he is, it didn't take him a month. It took him a much longer process to get to where he is with his level of personal freedom. Now, the next step (if he wants it): to get from one employee to ten employees, a level that can be defined as "fastlane", it will certainly take him a lot longer than another month, and I'm sure a lot more work than you're making it out to be.

Your conversation with your friend: It was just that - a conversation. No business was bought. Nothing fastlane was done. No multi-million-dollar system was implemented in a month. It's all hypothetical. You read a book and applied your knowledge in a hypothetical scenario.

All is not lost with that missed opportunity. We are now working together on a project that will be much more lucrative than the one he missed out on. We are both smarter today because of past 'lessons' learned from opportunities that somehow eluded us. So we are now smarter, stronger, and a little pissed off - all of which is a lethal combination for our competitors...

The only real example you have is this, and from your own words it's obvious that it's not as simple as you're making it out to be. If it was, you'd already have exited your business by now instead of using words like "will be".

Fastlane systems can be created in a month, but let's not kid ourselves that it's "not difficult" or anything close to the norm.
 

AgainstAllOdds

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@Soder - The biggest mistake you can make as an entrepreneur is wasting ten years of your life searching for that one system that will make you rich in one month.

Instead, start with the system that you're confident will make your incredibly rich in ten years, and then try to cut down that time once you have it going.

I know too many failed entrepreneurs consistently working their a$$ off to find the "easy solution", instead of working their a$$ off doing what obviously works.
 
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Soder

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Good answers.

Don't confuse fast with easy, this is explained in TMF . It will never be easy, if not we would all be millionaires.
But fast yes, it can be. A first version of one of the most successful business of the forum was created in relatively few hours, with a huge dedication and effort (not easy):

"I built my ecommerce site late at night during the last few months of my job I would get home at 11pm or 12am and then work until 2am or 3am on my site"


In addition, you can apply in one month knowledge that you have generated in years.

In fact, that's what I started. Writing a book of a technical subject that I have learned during the last years. I think there is a need in the market that is not well covered. I will not waste years thinking whether it will work or not, I am writing it now. The worst case is that it does not sell well, but for what I will learn when writing it is worth it. Both what I will learn from the subject of the book when reviewing my knowledge, as well as what I will learn from the business world (web design, payment gateway, create an electronic book, marketing, etc).
 
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Ernman

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The biggest mistake you can make as an entrepreneur is wasting ten years of your life searching for that one system that will make you rich in one month.
I always appreciate AgainsAllOdds wisdom in these threads. Thank you again
 
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Bertram

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It's incredibly difficult. If it wasn't, then like @Mattie says, we'd all be billionaires now.

As for your examples, @Johnny boy is the man, and one of the few younger people that I'm excited for on this forum. However, to get to where he is, it didn't take him a month. It took him a much longer process to get to where he is with his level of personal freedom. Now, the next step (if he wants it): to get from one employee to ten employees, a level that can be defined as "fastlane", it will certainly take him a lot longer than another month, and I'm sure a lot more work than you're making it out to be.

Your conversation with your friend: It was just that - a conversation. No business was bought. Nothing fastlane was done. No multi-million-dollar system was implemented in a month. It's all hypothetical. You read a book and applied your knowledge in a hypothetical scenario.



The only real example you have is this, and from your own words it's obvious that it's not as simple as you're making it out to be. If it was, you'd already have exited your business by now instead of using words like "will be".

Fastlane systems can be created in a month, but let's not kid ourselves that it's "not difficult" or anything close to the norm.
Flight of genius, @AgainstAllOdds .
 

guy93777

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I always appreciate AgainsAllOdds wisdom in these threads. Thank you again


he is an INTJ

INTJ are geniuses. if he would move his butt and get esoteric knowledge, he would soar to new levels of achievements instead of remaining in the mundane world and wasting his potential

he would become an initiate and harness his inner power

introverted intuition is the path to superior understandings.

more insights in the Tarot :

26113
 

Ray Goslin

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You mean test my idea of the book? You mean it's always better to test? Or you mean is better not waste time and act?
The only way to know if something is going to work is to test it. If you get no response, scrap the idea and do something else. Guaging the level of response gives you feedback on whether it's tweeking to improve desired outcome.
 

SkyLake

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A month? Why not a week? Or a day?

It all depends on your skills and actions. It depends on where you currently are in your journey, what knowledge you have, who you know.

Can you provide enough value to enough people in one month so that you become a millionaire?

That could be providing x amount of value to 1,000 people in one month. Or it could be providing x amount of value to one person/company.

There are many different scenarios you can think of.

An 18-year-old Entrepreneur may just be a beginner and it could take him five/ten years to build something Fastlane.
A 30-year-old Entrepreneur may have enough knowledge that he could develop a Fastlane system in a month/week.
Then you have people like Elon Musk who could develop a Fastlane system in five seconds, with a tweet.
 

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