Tag: mark zuckerberg

A Billionaire’s Thoughts On How To Take Over The World

You must innovate if you want to change your life, your bank account, and the world.

Innovation is easier said than done.

In “Zero To One” the author, Peter Thiel, opens by saying that if you are merely following and 100% mimicking other people, you will always be one step behind. Thiel says, “Every moment in business happens only once.

The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them.” “Nudist Buddhist” is what one of my mentors, Allan Nation, says is the law of innovation.

He told me, “You can be a nudist and people won’t think you’re super weird, because it’s just one thing weird about you. And you can be a Buddhist and people will give you a pass cause that’s only one weird thing about you. But you can’t be a nudist Buddhist.

That’s too weird.” So for me, it’s not just blind innovation. I don’t want to come up with the solution on how to do underwater basket weaving. There’s no demand. It’s too weird. It’s too “Nudist Buddhist.”

Where you want to be is that happy medium where people feel like, “Wow, this is insightful, this is something I’ve never heard before.” But yet their conservative, pragmatic, risk-averse side says, “Yes, I’m willing to take a chance on this new product.”

How can you actually do this? Well in your career and in business, Peter Thiel says: “Start small and monopolize.

Every startup is small at the start. Every monopoly dominates a large share of its market. Therefore, every startup should start with a very small market. Always err on the side of starting too small.

The reason is simple: it’s easier to dominate a small market than a large one. If you think your initial market might be too big, it almost certainly is.” Peter Thiel is exactly right. Think about it.

Facebook was able to beat out the 800 lb gorilla Myspace by starting out by always erring on the side of being too small. At first Facebook was just Mark Zuckerberg in his room and his first customers were his roommates. And then he moved on to just dominating and monopolizing his one university. And once he conquered that he moved on to the next stage, which was conquering and expanding his monopoly to all universities.

It wasn’t until he had conquered this step-by-step that he then went on to acquire over a billion customers. Not many people can say their business hit a million customers.

Zuckerberg was able to say he reached a billion. You may not want to be a billionaire, but there’s a lesson to be learned. Go “straight to the top” in what you learn.

Remember, the main principle that Peter Thiel believes in is that whatever your idea is, just shrink it down. In one of my VIP coaching calls I talked about the book “Switch” by Chip and Dan Heath where they discussed the need to shrink a problem.

If your goal is to make a million dollars a day, think about it more like you need to make $80K per month.

Since even that still seems like a big problem, then shrink that down so you only need to make $2-3K a day. That’s a realistic goal. Err on the small side like Zuckerberg and eventually you can have market share and change the world.

When you do this your bank account will never look the same, and neither will the impact that you have on the world. Stay Strong, Tai

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Where Do Good Ideas Come From?

There may be no better skill to possess in the world than the ability to come up with good ideas. Think about it. The reward for good ideas is massive.

Mark Zuckerberg definitely knows the value of a great idea.

For him it’s roughly $33.3 billion dollars.

Now, you might not need a billion dollars.

But according to Daniel Kahneman and his research, you definitely need at least $75,000 a year.

Good ideas have the potential to change your bank account.

Good ideas also have the potential to change your health.

Tai’s dad caught scarlet fever when he was a baby, and doctors said he wouldn’t live past age 12.

He was a pretty sickly kid.

His life changed the day he picked up a magazine about weight lifting.

The article said “Forget everything you’ve heard, lift weights.”

And he went from a sickly kid who should have died to Mr. Puerto Rico, Mr. Canada, and one of the first bodybuilders in the world.

You see at the root of every revolution is one idea.

In “Where Good Ideas Come From” one fascinating story was about the scientist that came up with a law that governs the rate of growth of animals, cities and ideas – it’s called Kleiber’s law.

Kleiber’s law is about something called “positive power scaling”

But why should that research matter to you?


“A city that is ten times larger than its neighbor isn’t ten times more innovative; it’s seventeen times more innovative. A metropolis fifty times bigger than a town is 130 times more innovative than the town.”

The pace of innovation and good ideas that are going to come out of your brain are directly related to the size of the pool of information that you’re drawing from.

The more books you read (an eclectic mix), the more masterminds you study, the more mentors and advisors you surround yourself with, the more exponential growth you’ll experience.

If your only source of good ideas is one book in the last year, you’re like someone living in a small town.

Your “pool” to draw inspiration from is tiny.

BUT if you’ve read 50 books instead, according to Kleiber’s Law you wouldn’t just get 50 times smarter, you would get 130 times smarter.

The more knowledge you absorb, the more great ideas you will come up with.

Stay smart.

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