Whenever you start a new venture, you're on a curve.
Some call it a learning curve.
But not all learning curves are the same.
Some are logarithmic.
Some are exponential.
What's the difference?
A logarithmic curve starts out FAST and then slows down.
Logarithmic curves occur when you learn a new language, start a fitness program or take up a musical instrument.
You get results very fast at the beginning but then your returns diminish.
An exponential curve starts slow and then speeds up.
Businesses generally follow this pattern.
If they can survive the "slow" part at the beginning, they eventually speed up. Things get easier, results come faster.
If
you're considering starting a new business, you MUST know that you're
going to be on an exponential curve. The beginning will be slow.
Sometimes PAINFULLY slow.
Unless you take steps to speed through that initial slow period.
The best way to do this is to avoid
markets, products, and businesses that have gently sloping curves...and
find one that has a steeper curve.
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