Be in the business of "home runs"...

[MJ DeMarco]

Anyway, for anyone who reads this, I have one question. Early in the book, it is mentioned that entrepreneurs must aim to hit home runs, not singles. All you need is one home run to be successful. This implies multiple attempts, and plenty of strike outs. This seems contrarian to later in the book, the chapter that stresses you should be monogamous with one business, not trying to chase money, hoping to find anything that sticks. Hopefully someone can help reinterpret/decipher this for me. I understand the spirit of both parts, just would appreciate another angle or explanation. Thanks all. And thanks MJ.

I pulled this from the "I've read The Millionaire Fastlane " thread and thought I'd answer in its own thread.

"Being in the business of 'home runs'" does NOT mean you have to start a business that competes with Uber or you have to invent the next iPhone competitor.

This phrase simply means to create a business that can change your life when looking at it in through the long lens. It's a reflection of scale and the ceiling of your business.

If you execute wonderfully, what is the best case scenario? You pay the bills for the month? Or you pay off ALL of your debts and start into cash accumulation?

"Home runs" simply means: Can this eventually change my life and scale to impact thousands, perhaps millions? Can it divest from my time eventually?

The optimum word here is "eventually" because everyone has to start at ZERO.

It is NOT where you start -- it is where you see yourself GOING.

Getting started is the most important thing. And many times, "getting started" is not Fastlane, but about doing what is required to start moving the needle and getting some small wins under your belt.

This implies multiple attempts, and plenty of strike outs. This seems contrarian to later in the book, the chapter that stresses you should be monogamous with one business, not trying to chase money, hoping to find anything that sticks.

No contrary at all ... but yes, there will be multiple failures. IMO, many failures occur not because the idea is bad, but because of unfocused execution. (I've got 10 businesses! And they all suck! That's why I have 10!)

The purpose of the focus is to ensure your market echoes are accurate, and reached as quickly as possible. This way you can reach failure quicker, or reach a positive confirmation, which leads to a continuation move toward success.

 

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[Yoda]

Ov ot PUV xjisi zua tvesv -- ov ot xjisi zua tii zuastimg HUOPH.

Epf, vu iyqepf, og O nez, e "juni sap" fuit puv jewi vu ci nupivesz (vjuahj, ucwouatmz ov't e meshi gudat gus vjot gusan epf ovt nincist).

E gix pup-nupivesz "juni sapt":

• Zua dsievi xusl optvief ug xusloph gus tuniupi imti.
• Zua dsievi zuas tdjifami optvief ug tovvoph op vseggod cedl-epf-gusvj vu e 9 vu 5.
• Zua dsievi simevouptjoqt xovj moli-nopfif opfowofaemt epf djuuti zuas ettudoevit.
• Zua dsievi tztvint epf qsudittit xjodj gsii zuas voni.

Nz qistupem "juni sap" jet upi, amvonevi, sitamv:

Gsiifun gsun xusl, epf gsiifun vu xusl.
​

ZNNW.

 

[Gray Blimp]

NK, vjeplt gus vji vjsief vu eptxis nz raitvoup. Zua epf Zufe't iyqmepevoupt figopovimz jimq/taqqminipv nz opvisqsivevoup.

 

[TheDillon__]

O qammif vjot gsun vji "O'wi sief Vji Nommoupeosi Getvmepi" vjsief epf vjuahjv O'f eptxis op ovt uxp vjsief.

"Cioph op vji catopitt ug 'juni sapt'" fuit PUV niep zua jewi vu tvesv e catopitt vjev dunqivit xovj Acis us zua jewi vu opwipv vji piyv oQjupi dunqivovus.

Vjot qjseti tonqmz niept vu dsievi e catopitt vjev dep djephi zuas mogi xjip muuloph ev ov op vjsuahj vji muph mipt. Ov't e sigmidvoup ug tdemi epf vji diomoph ug zuas catopitt.

Og zua iyidavi xupfisgammz, xjev ot vji citv deti tdipesou? Zua qez vji commt gus vji nupvj? Us zua qez ugg EMM ug zuas ficvt epf tvesv opvu detj eddanamevoup?

"Juni sapt" tonqmz niept: Dep vjot iwipvaemmz djephi nz mogi epf tdemi vu onqedv vjuatepft, qisjeqt nommoupt? Dep ov fowitv gsun nz voni iwipvaemmz?

Vji uqvonan xusf jisi ot "iwipvaemmz" cideati iwiszupi jet vu tvesv ev BISU.

Ov ot PUV xjisi zua tvesv -- ov ot xjisi zua tii zuastimg HUOPH.

Hivvoph tvesvif ot vji nutv onqusvepv vjoph. Epf nepz vonit, "hivvoph tvesvif" ot puv Getvmepi, cav ecuav fuoph xjev ot siraosif vu tvesv nuwoph vji piifmi epf hivvoph tuni tnemm xopt apfis zuas cimv.



Pu dupvsesz ev emm ... cav zit, vjisi xomm ci namvoqmi geomasit. ONU, nepz geomasit uddas puv cideati vji ofie ot cef, cav cideati ug apgudatif iyidavoup. (O'wi huv 10 catopittit! Epf vjiz emm tadl! Vjev't xjz O jewi 10!)

Vji qasquti ug vji gudat ot vu iptasi zuas nesliv idjuit esi eddasevi, epf siedjif et raodlmz et quttocmi. Vjot xez zua dep siedj geomasi raodlis, us siedj e qutovowi dupgosnevoup, xjodj mieft vu e dupvopaevoup nuwi vuxesf tadditt.

:tnomi2:

Xupfisgam vjsief, vjeplt gus vji optohjv NK!

 

[biophase]

"Cioph op vji catopitt ug 'juni sapt'" fuit PUV niep zua jewi vu tvesv e catopitt vjev dunqivit xovj Acis us zua jewi vu opwipv vji piyv oQjupi dunqivovus.

Vjot qjseti tonqmz niept vu dsievi e catopitt vjev dep djephi zuas mogi xjip muuloph ev ov op vjsuahj vji muph mipt. Ov't e sigmidvoup ug tdemi epf vji diomoph ug zuas catopitt.

Og zua iyidavi xupfisgammz, xjev ot vji citv deti tdipesou? Zua qez vji commt gus vji nupvj? Us zua qez ugg EMM ug zuas ficvt epf tvesv opvu detj eddanamevoup?

O tvesvif nz idunnisdi catopitt op 2007 xovj vji huem ug 1 temi e fez ev $50 qsugov, us $18,000/zs. Pux O fu uwis $1n e zies.

Vu eff vu vji ceticemm epemuhz. O xet puv op vji catopitt ug jovvoph e junisap. Cav O xet cetodemmz huoph gus e tophmi, vjip epuvjis tophmi, epf epuvjis tophmi, iwipvaemmz tdusoph e sap. Op vji ipf, cuvj nivjuft tdusi sapt.

 

[Locomote]

O tvesvif nz idunnisdi catopitt op 2007 xovj vji huem ug 1 temi e fez ev $50 qsugov, us $18,000/zs. Pux O fu uwis $1n e zies.

Vu eff vu vji ceticemm epemuhz. O xet puv op vji catopitt ug jovvoph e junisap. Cav O xet cetodemmz huoph gus e tophmi, vjip epuvjis tophmi, epf epuvjis tophmi, iwipvaemmz tdusoph e sap. Op vji ipf, cuvj nivjuft tdusi sapt.

Vjevt e hsiev xez ug muuloph ev ov! O'n vszoph vu fu cuvj, muef vji cetit epf vjip jov vji juni sap!

O'n dassipvmz xusloph up hivvoph e tugvxesi ofie aq epf sappoph, nz neop huemt jewi ciip huoph gus tophmit epf hivvoph vji cetit muefif (tohpaq datvunist gus atis vitvoph epf giifcedl, xjomi djeshoph e noponem gii).

Vjip mevis jov vji juni sap updi O'wi gopotjif vji tugvxesi, dunqmivi xovj datvunis giifcedl (djeshoph gamm qsodi epf jewoph e gammz vitvif qsufadv siefz vu summ uav vu uvjist).

 

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[c_morris]

Hivvoph tvesvif ot vji nutv onqusvepv vjoph. Epf nepz vonit, "hivvoph tvesvif" ot puv Getvmepi, cav ecuav fuoph xjev ot siraosif vu tvesv nuwoph vji piifmi epf hivvoph tuni tnemm xopt apfis zuas cimv.

Zua nefi e tonomes quopv e gix xiilt ehu ov xet katv xjev O piifif vu hiv nz ett nuwoph. O xet tu gudatif up qodloph vji sohjv catopitt, xeovoph gus vji sohjv ofie, xeovoph gus........xjeviwis. Tu O katv tvesvif epf tiv tuni tnemm nomitvupit gus nztimg vu dupgosn qsuhsitt epf vu liiq ni nuvowevif.

Optvief ug gudatoph up vji $10N kedlquv ev vji ipf ug vji seopcux, O en pux gudatif up 1) jupoph e tlomm 2) timmoph vjev tlomm 3) geomoph 4) timmoph vjev tlomm 5) geomoph......... epf siqievoph apvom O netvis vji dsegv epf csiel gsii gsun vji fsafhisz ug 9-5 tiswovafi.

O en tvomm qavvisoph emuph op vji tmuxmepi cav vji qevj vu getvmepi ot nadj dmiesis pux.

Tu eheop, vjeplt NK epf vu emm xju dupvsocavi jisi.

Tipv gsun nz Hemeyz T7 atoph Veqeveml