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A while ago I read "How to be a capitalist without any capital" from Nathan Latka and there was one thing, that stuck with me.
In the book he suggests, that one should always have three projects at the same time: one main project and two side projects with a 80-10-10 time split.
As soon as one project is running, he then suggests to put it on autopilot and start a new project, so that you always have three. If one project is not working, you stop it and start something new. With this tactic he is going for many small wins, instead of one big one.
The projects you work on should ideally have some overlaps, so that there is a chance of mulitplying the impact.
He argues that that way you can circumvent a single point of failure and at the same time maximise the two most important factors for success: timing and luck. He goes on to say, that with this rule you can test ideas fast.
I am interested, what you think of that? Is it really a good idea to have multiple projects at the same time?
In the book he suggests, that one should always have three projects at the same time: one main project and two side projects with a 80-10-10 time split.
As soon as one project is running, he then suggests to put it on autopilot and start a new project, so that you always have three. If one project is not working, you stop it and start something new. With this tactic he is going for many small wins, instead of one big one.
The projects you work on should ideally have some overlaps, so that there is a chance of mulitplying the impact.
He argues that that way you can circumvent a single point of failure and at the same time maximise the two most important factors for success: timing and luck. He goes on to say, that with this rule you can test ideas fast.
I am interested, what you think of that? Is it really a good idea to have multiple projects at the same time?
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