BookYol

Quote

“Value is created when a person makes something useful and shares it with the world.”

— Chris Guillebeau, in The $100 Startup (2012) · The $100 Startup →

Why it was said

A line from The $100 Startup, Chris Guillebeau's study of people who built businesses earning $50,000 a year or more from modest starts, often $100 or less. It replaces the language of capital and scale with something a person with a skill can act on this week.

What it actually means

The sentence has two verbs and both are required: make something useful, and share it. Many people do the first and wait for permission to do the second; many start with the second and have nothing useful behind it. The practical reading is to do both at the smallest size: make one useful thing, offer it to a few people who have the problem, and take the first payment before building anything larger. Value, in this definition, is not a plan; it is an exchange that has already happened.

How to use it

  1. 1Write the useful thing you can make with what you have now, and the ten people you could share it with by Friday.
  2. 2Take the first payment before you build the second version.