I found myself reading an entrepreneurship forum today talking about the Inc Article. I thought I would post here as well as some others might find this useful.
1. I hardly call myself lazy or a sloth. I built the site in 2 weeks 5 years ago. Since then and even now all the user interaction happens in only a handful of pages. At the end of the day there are only so many ways in which you can reorder the search results. It’s like trying to rearrange the deck chairs on the titanic, it accomplishes nothing.
2. The only way to grow a site once its running its self is to have brilliant ideas. Great ideas don’t come from sitting in front of the computer screen for 8 hours of the day wondering what to do next. You have to inspired or have a really deep understanding of what is going on. So a Brilliant idea may start a business but you need to have many many more brilliant ideas if you are going to go from one of many to an industry leader.
3. Opportunity/luck doesn’t come to you, You are the one that creates it. I debated with myself for weeks before posting the million dollar check, and I figured the best way of doing that was by creating a blog and give myself a voice. I knew my free site competitors where going to venture capitalists and asking for huge sums of money, and my competitors where claiming to be first movers etc. After posting that check their chances of raising money went to 0. The wall street journal called after reading that post. WSJ article came out, next day the Today Show Called. The next week my total US site traffic was up over 50% and kept on growing. In Fact many things i’ve written on my blog have made it into the national papers. Inc Magazine story was a result of my blog, and i’ll be going on a national talk show next week again as a direct result of my blog. I post a lot of things on my blog, many of which seem like bragging, but when reporters read that it gives them an idea for a story which is the whole point of a blog anyways.
4. Work smart not hard. If all you do is work hard making incremental improvements you are just like a hamster running in a wheel and never really getting anywhere. If you want to get somewhere you need to come up with great ideas, or something that is significantly better than the competition and execute on that. Then you go back again and do the same thing over and over. Far too many people think entrepreneurship is like an attendance award, where you can win just by showing up.