The GaryVee Audio Experience The Best Business to Start in 2020 Can Be Anything
Mar 5, 2020
Sam Parr, an internet entrepreneur and founder of The Hustle, dives into the importance of breaking conventional molds in business. He shares his own trajectory from a hot dog stand to tech, emphasizing lessons learned along the way. The conversation highlights the balance between creativity and structure, navigating financial landscapes, and the rise of direct-to-consumer brands without VC funding. They also discuss profitable trends in events and sports cards, along with the evolving perspectives on psychedelics in entrepreneurship, advocating for passion-driven ventures.
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Hot Dog Stand Hustle
- Sam Parr started a hot dog stand chain called Southern Sam's Wieners as Big as a Baby's Arm.
- He capitalized on lines at American Pickers' store in Nashville.
Roommate Matching App
- After the hot dog stands, Parr created a roommate matching app called Bunk.
- It was later sold to ApartmentList.com for a six-figure sum.
Learning from Established Businesses
- Observing established companies helps entrepreneurs understand proper business procedures.
- This provides a baseline, even if you later choose to deviate from it.