My 6-Step Process To Find +$1,000,000 Business Ideas

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

🗓️ 27 July 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 479: Sam Parr (https://twitter.com/theSamParr) answers listener questions in this special Q&A episode. Learn how he researches & validates business ideas, what his hiring process looks like, how he’s managed to build huge, passionate communities, and much more. Want to see more MFM? Subscribe to the MFM YouTube channel here. Check Out Sam's Stuff: • Hampton • Ideation Bootcamp • Copy That Check Out Shaan's Stuff: • Try Shepherd • Shaan's Personal Assistant System • Power Writing Course • Daily Newsletter • Small Boy Newsletter — Show Notes: (00:00) Intro (00:40) How Sam Researches Business Ideas (9:45) Sam’s Health & Fitness Routine (14:55) When to Embrace Shiny Object Syndrome (19:00) How to be Interesting (26:20) Why Loyalty is Everything (28:45) How to Hire (33:30) How to Build Community (37:00) Tips to Start a Productized-service — Links: • Similarweb - https://www.similarweb.com/ • Annual Reports - https://www.annualreports.com/ • Companies House - https://www.gov.uk/government/organisations/companies-house • Central Athlete - https://www.centralathlete.com/ • MyBodyTutor - https://www.mybodytutor.com/daily-coach/ • ViralCuts - https://www.viralcuts.co/ • Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. — 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	And when you see a big company like 1,800 flowers or Hanukkah,
0:02.9	so a company that has millions of customers,
0:04.9	when they say one or two lines like that,
0:08.4	that gets me really interested.
0:20.2	All right, we're live.
0:21.3	Sean is not here, so I'm going to do a question and answer session.
0:26.2	I tweeted out that I'm going to be doing this.
0:29.1	And we have a bunch of questions.
0:31.2	Jonathan's going to be reading the first ones.
0:34.1	What are they? Which, where do you want to start?
0:36.6	All right, this one is from Jimbo Slice.
0:39.2	He goes, would love to learn how to develop ideas for businesses to start
0:43.3	and how to test said ideas.
0:45.8	So basically, because of this podcast,
0:48.8	I have to research cool companies.
0:51.5	But what a lot of people don't know is I've been doing research on companies
0:55.5	before I worked on this podcast,
0:57.6	before I started this podcast.
0:58.8	And this is how I created the hustle.
1:00.9	We ended up selling the hustle for $10 billion.
1:03.2	And this is how I created Hampton,
1:04.9	which is going to be a huge company, I think.
	...

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