We are often living in the mindset of old businessman - INPUT FIRST. You need capital to: rent an office, pay employees, etc. Its an employee mindset. Poor mindset. But the businessman in the video a businessman emphasized that you PHP or $ is the last or inconsequential in starting a business. There are 3 things you must give priority to:
SERVICE
SYSTEM
SCALING UP.
So first find a problem and provide a solution.
Following Vance advice Arthur looked at a specific logistic problem he want to solve. He emailed 50 logistics company and until he finally got one respondent. He would be paid $6,000 if he got the solution by Friday. Then he got his $6,000. He having now proof, emailed the rest of the 49 who turned him down, and offered $2,000 monthly subscription for using his solution. He got 3, grossing him $6,000 per month. He eventually grossed $8,000.
So Vance was right.
Input paradigm shouldnt exist in the mind of the entrepreneur
