James Altucher’s Advice on Starting a Business

James Altucher was asked in his AMA this question:

Do you have any tips for someone going into the business world? What type of degrees would be nice, what colleges in the country are nice, etc? I heard the business world was tough but very rewarding. Please share how early life was for you when you were starting up.

This was his reply:

Forget everything in your question. Forget these words: “business world” , “degrees”, “colleges”, “tough”.

Here’s what you do: every day try to figure out ten ideas that will create value for people. You need to build the idea muscle or it atrophies like any other muscle. School doesn’t do that. School atrophies your brain.

Don’t expect your ideas to be good. After about six months they will start ot be good. Become an idea machine. help people. Eventually charge people to help them. Now you are in business. Take a fulltime job so you can get paid while you are building your idea muscle.

introduce 2-10 people a day to each other who you think can help each other. Build out your network this way. Deliver value.

That is your schooling. Nothing else will ever work.



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