If I Had To Make $1 Billion... Here’s The Business I Would Start

My First Million

Hubspot

Entrepreneurship, Business, Investing

4.7 • 2.9K Ratings

🗓️ 8 December 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 528: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) answer the question they get most often: “If you had to pick one idea that to make a million dollars this year, what would it be?” No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (3:00) Idea 1 - The "Me Also" strategy (12:00) Idea 2 - Niche community that solves for X (16:00) Idea 3 - QSBS advisory firm (24:00) Idea 4 - Pizza robots (44:00) Idea 5 - Buying a university — Links: • Quiet Light - https://quietlight.com/ • Exit Five - https://www.exitfive.com/ • Figure - http://figure.ai/ • Renovate Robotics - https://www.renovaterobotics.com/ • Anduril - https://anduril.com/ • DealStream - https://dealstream.com/ — Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Free 2024 Goal-Setting Session - https://planfor2024.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/ Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.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, someone asked me an incredible question today.
0:02.3	They said if you had to pick one idea,
0:04.8	that could make you a million dollars this year,
0:07.0	and it can't be just a newsletter or a blog or an agency,
0:10.6	which are usually our go-tos, what would it be?
0:12.2	What would you do? One specific idea that you would do and then he also said and I want to hear one specific idea that you would do to try to make a billion dollars that's a good question and me and Sam are going to answer that right now on this episode of my future.
0:26.0	I feel like I can rude the world. I know I could be what I want to.
0:31.0	I put my all in it like no days off on the road let's travel never.
0:35.2	All right what's up we're doing our Q&A and we got one question that we really love.
0:39.2	But is the question Sean is it a billion dollar in net worth or a company that's worth a billion dollars?
0:45.0	I'm going to say it's a company that's worth a billion dollars and you know you own a big chunk of it.
0:51.0	Okay.
0:52.0	What's a billion here or there? Okay, look the company's worth one billion,
0:55.3	you're worth one billion, it's all a billion. It changes dramatically. So I know a guy who sold the company for
1:00.4	nine hundred and ninety million dollars. You know how much he made after the sale? for $900,990 million.
1:03.5	You know how much he made after the sale?
1:05.2	Three million dollars.
1:06.2	That's how much he made.
1:06.9	He had four co-founders or maybe five
1:10.5	and he raised a ton of money and they sold it and he made three million dollars.
1:14.8	That's insane right and I don't I think that's an extreme case but I think there's many cases
1:18.8	where you create a billion dollar business and you actually walk away with like 8% of the company right which is still a ton of
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