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I wish you success on your next venture, but if the problem you're focused on solving is "creating wealth by building a SaaS product," your focus itself might be holding you back. Imagine going into a meeting with a potential customer and saying "Hi, my name's armanm, and I'm looking forward to our chat today about how I'm creating wealth for myself." They would probably walk out of the room! If there's any one commonality I've observed across almost all the successful business owners I've met, it's that they're intensely focused on one or more customer problems. They've picked a market that they know well (meaning they know a lot about it, and they also know a lot of people who are in it). And they ultimately spoke with hundreds or thousands of people in that market, figured out where there was a common need and how much everyone was willing to pay to fulfill that need, and they they came up with a solution. They're usually so obsessed with solving this problem their customers have, that it's hard to get them to talk about anything else! If you approach it as a personal or passion project to fulfill your own goals, the response of the market will probably be lukewarm because your pitch, your product, or any other number of things probably won't be calibrated correctly. Whereas if you dedicate yourself to understanding, mastering, and solving a pressing problem for a bunch of people who want to spend money, you have a much higher chance of success. One way that your own interests definitely factor in is when you have personally been a member of that market, experienced the need yourself and would be willing to pay for the solution and have spoken to a bunch of other people who feel the same way. That's a long list of criteria but if you meet them all you have a very high chance of success. That's why the average age of a successful entrepreneur when they found their company is 42. It takes years and years to acquire all the knowledge and meet all the people but once you do, it becomes vastly easier for the rest to fall into place. |