Shorter is Better

You often need to pitch an idea or business quickly. The best presentation has 10 slides and lasts just 20 minutes. Any other numbers or durations are non-optimal. You should be able to cut to the core concept in 7 words or less.

There are over 1 million start up companies in the USA. This is amazing given the fact that there are only a few hundred million citizens total.

How can you succeed at business? Be a customer. This may sound funny, but you cannot learn business from a book. There is no easy formula to come up with a good idea for a business. However you should go do something. Prototyping is a great method to figure out success or failure quickly.

Next time I will go over some other neat idea generators.