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My First Million

MFM Mini - The Burrito Trick: How I Got My First 20 Customers

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 27 June 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Transcript

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0:00.0

All right, QuickBag to tell you about another podcast that we're interested in right now.

0:04.4

Hosepot just launched a Shark Tank rewatch podcast called Another Bite.

0:08.9

Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty

0:13.1

Potty, to the Mention a Bench, to Ring Doorbell, and they break down why these pitches were

0:18.6

winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.

0:24.2

Basically, all the things you want to know about how to survive the tank and scale your

0:28.4

company on your own.

0:29.6

If you want to give it a listen, you can find another bite on whatever podcast I've

0:32.9

been listening to, like Apple or Spotify, or whatever you're using right now.

0:36.2

All right, back to the show.

0:37.6

Here's a mistake that I've noticed a lot of people make when it comes to business.

0:43.0

They make big plans, and big plans aren't bad.

0:47.6

They're just like a sneaky form of procrastination, right?

0:50.7

Because a big plan means you're putting off action until number one, you finish writing

0:56.1

up the plan, and number two, the big plan usually takes place.

1:01.0

It plays out over weeks or months from now.

1:05.0

It's usually leading up to a big launch.

1:07.1

That's a few months from now.

1:08.4

I'll tell you a story about how we almost fell under this trap, but got out of it.

1:14.6

There's a few years ago we were making an app for high schoolers.

1:19.4

The engineers had built a simple prototype.

1:21.2

Honestly, it was pretty crappy.

...

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