How This +$80M Founder Launches A Startup In A Weekend
Feb 2, 2024
50:41
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Noah Kagan, entrepreneur and author, discusses how to launch a million-dollar business in 48 hours. Topics include the power of asking, Airbnb's sales formula, Appsumo's success, early days of Facebook, prioritizing and saying no, content creation, and the meaning behind tattoos.
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Quick takeaways
Take immediate action and avoid overthinking or hesitating.
Focus on your core business and avoid getting distracted by new opportunities.
Be proactive in asking for what you want and negotiating effectively.
Deep dives
Take action now, don't hesitate or overthink
The podcast episode emphasizes the importance of taking action and not overthinking or hesitating. The speaker shares personal experiences from their own entrepreneurial journey, highlighting the significance of starting right away and not waiting to be ready. They emphasize the value of taking immediate action and getting things done.
Stick to your core business and focus on one thing
The podcast discusses the importance of sticking to your core business and focusing on one thing rather than spreading yourself too thin. The speaker shares examples of successful entrepreneurs who achieved great success by focusing on one idea or market and staying committed to it for a long time. They discourage getting distracted by new opportunities and emphasize the value of staying focused on the core business.
The power of asking and negotiating
The podcast explores the power of asking for what you want and negotiating effectively. The speaker shares examples of successful entrepreneurs who were unafraid to ask for discounts, sponsorships, or partnerships, which ultimately contributed to their success. They highlight the importance of being shameless in asking for what you want and the potential for positive outcomes that can result from it.
Long-term commitment and patience is key for success
The podcast emphasizes the value of long-term commitment and patience for achieving success. The speaker shares insights from billionaires and successful entrepreneurs who achieved their goals over a period of many years. They emphasize the need to stay committed to one thing and not get discouraged by setbacks or challenges along the way.
Focus on the core business excellence before branching out
The podcast discusses the significance of focusing on the core business excellence before branching out into new areas. The speaker shares examples of successful entrepreneurs who achieved remarkable success by continuously improving and excelling at their core business, rather than diverting their attention to new ventures too soon. They stress the importance of mastering the core business before considering new opportunities.
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.