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Episode 723: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Shaan’s college friend Dan Certner ( https://x.com/youneedbags ) about how he bought a business and doubled it in 18 months.
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Show Notes:
(0:00) Dan the bag man
(5:16) Farmville Fraud Detection
(10:09) Fail: Getting rich working at a startup
(15:13) Buying a bag business
(19:30) The forgivable sellers note
(22:57) How to find the right business
(37:29) Meeting the seller
(40:15) Negotiating the terms
(45:44) The real profit
(49:55) Who should do this?
(53:40) Everything is someone's business
(56:32) The exit strategy
(59:41) Shaan and Dan's business plan
(1:07:49) Fun to Run Businesses
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Links:
• Fleet - https://www.fleetpackaging.com/
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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
