How to Start a Business in One Weekend, with Noah Kagan
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 31 January 2024
⏱️ 88 minutes
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Summary
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| 0:00.0 | Maybe you've always had a business idea, but you don't have time, you don't have money. |
| 0:05.5 | Heck, maybe you don't have an idea or you have too many ideas, right? |
| 0:10.0 | For some reason, for a variety of very common obstacles, you have not yet |
| 0:16.7 | started that side hustle or that small business. If that's the case and then if this is |
| 0:21.7 | something that you want to do or that you've been thinking about possibly doing |
| 0:25.1 | you are potentially leaving thousands or even millions of dollars on the table in opportunity cost and if that sounds like a |
| 0:31.3 | wild exaggeration today's guest is here to tell you that it is not out of the norm. It is in fact highly possible. Today's guest runs a company that he founded that does 80 million dollars in gross revenue. |
| 0:45.6 | The company takes home between six to seven million dollars in profit. |
| 0:48.6 | He personally earns about 3.3 million of that per year. |
| 0:53.2 | So he has a net worth of $36 million and it came from starting a business and he's here to talk |
| 0:58.3 | to you about how you can take the lessons that he's learned growing this thing from scratch and apply |
| 1:05.2 | that in your life to any business that you want to start. |
| 1:09.4 | Welcome to the Afford Anything Podcast, the show that understands you can afford anything but not |
| 1:14.0 | everything. Every decision carries a trade-off. Saying yes to something |
| 1:20.2 | implicitly means you're saying no to something else and that doesn't just apply to your money it applies to |
| 1:25.2 | all limited resources your time your effort your attention anything that you need |
| 1:30.1 | to manage what matters most and how do you make decisions accordingly? |
| 1:34.4 | Answering those two questions is a lifetime practice. That's what this show is here to |
| 1:38.6 | explore. My name is Paula Pant. I am the host of the Afford Anything Podcast, and joining us today is Noah Kagan. |
| 1:46.3 | NOAA was employee number 30 at Facebook. |
| 1:50.5 | His stock options were worth 0.1% of the company. Now Facebook is currently valued at $1 trillion. |
| 1:58.0 | So 0.1% of Facebook today is worth $1 billion. |
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