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π‘ Entrepreneurial Insight
Not sure if there is enough demand for your new product launch?
You can do a quick reality check based on past signals from potential customers. Exceeding any of these 3 targets indicates that you have enough demand:
Number of Hot Signals (spent time with AND money on your business):
Should be 5x your capacity.
Number of Warm Signals (spent time with OR money on your business):
Should be 10x your capacity.
Number of Cold Signals (any softer form of interaction with your business):
Should be 100x your capacity.
Based on bootstrapped and serial founder Daniel Priestley in his marketing book 'Oversubscribed'.β
βοΈ Balance Hack
3 thoughts to simplify your life as a busy founder:
- Stop investing time in people who rank as 'fine'. Focus on the ones who truly give you energy.
- Apologizing for your priorities means apologizing for what you think is the most important for you and your business. Don't apologize for delayed responses to non-essential opportunities.
- Validation isn't fulfillment and power isn't purpose. Be cautious about the shiny objects along your journey.
Based on insights shared by writer Maria Popova and entrepreneur and podcaster Debbie Millman on the Tim Ferriss show.
π Challenge
We often avoid the one conversation that actually moves the needle (firing a bad-fit client, asking for a referral, or negotiating a new price).
Identify the one conversation youβve been avoiding for more than a week. Have it by this Wednesday - 12PM. And realize how much ROI that 10 minutes of 'social discomfort' provides.
Inspired by Tim Ferriss in 'The 4-Hour Workweek' writing about 'Productive Procrastination'.
β¨ Recommendation
Steps to remove yourself from operational tasks:
- Track your time for one week (every task or meeting and how long it took you).
- Identify and eliminate the unessential stuff.
- Automate what repeats using AI (with Claude Cowork, n8n, etc.)
- Build a Task Wiki with templates for AI & future hires.
Based on the system from bootstrapped and 8-figure founder Matt Gray.
β Question for you to ask another Entrepreneur
What is the 'good' opportunity you said 'yes' to recently that is currently preventing you from doing 'great' work?