The Backlog: The Way to Wealth, $100M business, Terrible books and More.
Explore this week's golden nuggets backlog
Welcome to “The Backlog” Newsletter.😊
Some of the links are affiliate links and if you want to purchase anything please purchase from this to help me maintain this newsletter. I genuinely think the product I share may help you so I shared.
We are back!💖
I was on a long break and now I am back with excitement to share what I learn and find interesting throughout the week.
As you own I share interesting videos, essays, articles, and books that I found interesting throughout the week. So let’s start…
📕 Book of The Week
The Way to Wealth By Benjamin Franklin
The Way to Wealth was first published in 1758 as a preface to Benjamin Franklin Poor Richards Almanack and summarized his thoughts about how to achieve success in business and life.
I have shared book notes on my website, you can learn from them also.
Early to bed, and early to rise, make a man healthy, wealthy, and wise.
He who lives upon hope will die fasting.
There are no gains without pains.
He that hath a trade, hath an estate; and he that hath a calling, hath an office of profit and honor.
🗨️Quote worth sharing
"We suffer more often in imagination than in reality."—Seneca
Worth exploring
1. Watch:
Alan Moore - Read Terrible Books - Storytelling - BBC Maestro
2. Read:
Ed Latimore on aging, dying, and death.
https://twitter.com/EdLatimore/status/1570781154072199169
Five ways to build a $100 million business
To build a Web company with $100 million in annual revenues*, you essentially need:
1,000 enterprise customers paying you $100k+ per year each; or
10,000 medium-sized companies paying you $10k+ per year each; or
100,000 small businesses paying you $1k+ per year each; or
1 million consumers or "prosumers" paying you $100+ per year each (or, in the case of eCommerce businesses, 1M customers generating $100+ in contribution margin** per year each); or
10 million active consumers who you monetize at $10+ per year each by selling ads
3. Listen
Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis By Tim Ferriss Show
Question of this week
What do you do when you get angry to cool yourself?
Answer this question by replying to this. Bye👋