One Question Friday: How Will You Teach Your Kids To Be Entrepreneurial?

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 5 August 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan Puri (@ShaanVP) answers one listener's question: I know that your kids are still pretty young, but I wanted to know how are you going teach them to be entrepreneurial? And when are you going to start? To submit your question and hear yourself on My First Million, go to MFMPod.com and click on the circle with the microphone in the lower right hand corner. ----- Links: * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- 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. ----- Additional 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	This is one question Friday I'm Sean and it's just me today doing these episodes these
0:20.9	one question Fridays I kind of like these it's fun it's fun to hear the listeners and
0:24.9	hear their questions and then I really put thought into it so this one I heard it before
0:29.7	I did it so I could think it through usually I do these off the cuff but hey little prep
0:34.3	never heard anybody so let's listen to this question together and then I'll give you
0:37.5	my answer.
0:38.5	I think the Sophia Sean last Friday you talked about the value of earning that first dollar
0:44.2	by selling the bands I know that your kids are still pretty young but I wanted to know
0:49.7	how are you going to teach them to be entrepreneurial and when are you going to start.
0:55.4	Okay great thanks Sophia for the question.
0:58.6	If you didn't hear this before I shared this story about how I had been working on a business
1:03.9	a startup I was 21 years old I was with my best friends and we were working on a business
1:07.0	for about a year and somewhere in like the nine month mark we realized we're just sitting
1:13.8	around on day and we're like man it just feels like we're just going through the motions
1:17.5	and not that we were being lazy but like literally we were almost like acting out doing
1:22.6	a startup it's like oh we do this plan and then we talked to this advisor then we raised
1:26.6	money from this investor it's like we're doing everything except for the business part
1:30.6	which is take a product we sell it to a customer and then the customer is happy and we're
1:35.0	like man we've been going for almost a year now and we haven't even made a dollar like
1:39.6	how can we call ourselves we were winning all these awards entrepreneur young entrepreneur
1:43.6	the year rising entrepreneur is promote most promising startup and I was like man it's
1:47.6	all BS we haven't actually even done anything and so we took a 48 hour challenge for one
	...

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