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The Side Hustle Show
609: The Stadium Model of Entrepreneurship: How to think like a sports franchise to unlock more profit from your business
May 20, 2024
Vincent Pugliese discusses the Stadium Model of Entrepreneurship, likening businesses to sports franchises. He emphasizes offering various access levels and products to cater to audiences. The episode explores predictable income, multi-income streams, AI integration, and empowering youth with financial education.
36:30
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Quick takeaways
- Implement the stadium model of entrepreneurship to create multiple income streams around one core idea, attracting and upselling customers for more predictable income.
- Instilling financial knowledge in teenagers can better prepare them for adulthood, improving financial literacy and long-term outcomes.
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The Stadium Model of Entrepreneurship
Focusing on the stadium model of entrepreneurship involves creating multiple tiers of income streams around one core idea, akin to how sports teams offer various fan experiences at different price points. By niching down and providing valuable content for free, businesses can gradually attract and upsell customers to higher tiers, leading to more predictable income and avoiding burnout from spreading thin across multiple ventures.
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