The biggest time waster in starting a project is spending time and money on things like domain names, logos, and creating lists, instead of making the investment into the actual product or reaching out to potential customers or vendors.
The speaker encourages listeners to go and pursue their passion projects or start a business, emphasizing that it can be done with a low investment in terms of time and resources. He shares a personal example of a successful 18-year-old who started earning 20 grand a year after pursuing a passion project.
The speaker suggests that instead of reinventing the wheel in website design, there should be more templates and standards set in order to streamline the process, especially for startup and early stage companies.
The speaker emphasizes the significance of enjoying the process of content creation regardless of any immediate monetary reward. The key is to have a clear intention to add value and sponsors will eventually come.
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The goal is to explore more than you exploit in a career or in life. First, you go narrow and deep on a few things that have the highest points of leverage and then you continue to move through there.