Andrew Wilkinson's $20,000 to $260,000,000 story

My First Million

Hubspot

Entrepreneurship, Business, Investing

4.7 • 2.9K Ratings

🗓️ 22 November 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 521:Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Andrew Wilkinson about the “Profit First” strategy, how to be a master networker, and his Barnacle On The Whale Strategy for growing 10x with zero marketing. No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (2:00) Business on hard mode vs. easy mode (12:00) Cliffs Notes for “Profit First” (19:30) Leveraging incentives (24:00) Breakdown: Holdco acquisition funnels (28:00) Andrew sends Sam a private jet (32:30) Shooting your shot with your heroes (38:00) Crashing the Oscars afterparty (43:00) Buying vs earning your way into the room (47:00) POV: Peter Attia is your doctor (50:00) Barnacle on the Whale Strategy (57:00) People always suffer in silence (1:00:00)Hitting rock bottom — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	All right. What's going on? This is Sam. We've got an awesome episode today. We have
0:04.2	Andrew Wilkinson on the pod. Andrew is one of our good buddies. Andrew owns this
0:07.8	company called Tiny. Tiny basically started as like this agency that made a bunch of
0:11.8	profit and he took those profit and he's bought like
0:14.4	18 or 20 different companies and he took tiny public I think today it's trading in the
0:18.4	600 million dollar market cap so he's got like a really good perspective on what's going on in life.
0:23.3	During this episode, I think it's the like with 20 minutes left in the episode.
0:28.0	He actually said something that I'm sitting here taking notes. It's going to change my business.
0:31.5	It's about the this thing he called the
0:33.0	profit first mentality and he goes in in depth on how much money he leaves in each
0:37.7	business and how the CEOs are able to operate him. It's really insightful stuff
0:41.1	that I haven't really heard him talk about before.
0:44.0	And then also, Andrew is interesting to me because Andrew is my close friends, but he's very wealthy
0:49.8	and I get to ask him all types of questions, kind like behind the scenes stuff on how he spends his money.
0:54.3	He talks about how he's now a patient of Peter Attia, who's this famous doctor and how much he's
0:58.5	spending on that and the outcome of that. I find it very interesting. He talks about shooting his
1:02.8	shot with his hero. So he's done business with guys like Bill Ackman who's a, you know,
1:06.6	work 10 or 20 billion dollars is a hedge fund guy and he talks about how he met
1:09.6	Charlie Munger who's Warren Buffett's partner.
1:12.8	And so there's really interesting insights on A,
1:15.0	how he lives his life, but how he got indoors
1:17.4	that he did when he was still up and coming.
	...

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