3 Business Ideas and 12 Business Learnings discussed on 2024-07-04

**Business Ideas:**

1. **Build a Holding Company With Small Bets.** - Elapsed: 2:04, Remaining: 7:11

2. **Focus On Simple, Niche Software.** - Elapsed: 5:45, Remaining: 3:30

3. **Offer Exclusive Content or AMA Access.** - Elapsed: 6:16, Remaining: 2:59

**Business Learnings:**

1. How to approach a job interview problem. - Elapsed: 0:07, Remaining: 9:07

2. Why people live like that. - Elapsed: 1:21, Remaining: 7:54

3. **The Downsides Of Being a Billionaire.** - Elapsed: 2:32, Remaining: 6:43

4. **The Importance of Delegation and Anti-Goals.** - Elapsed: 3:07, Remaining: 6:08

5. **Spending Money To Buy Happiness.** - Elapsed: 3:49, Remaining: 5:26

6. **The Danger Of Mimetic Desire And Choosing The Right Tribe.** - Elapsed: 4:18, Remaining: 4:57

7. **The Value Of Practicing Poverty.** - Elapsed: 4:47, Remaining: 4:28

8. **The Power Of The Personal Monopoly.** - Elapsed: 5:08, Remaining: 4:07

9. **The Importance of Cash Flow Over Valuation.** - Elapsed: 6:43, Remaining: 2:32

10. Building a Professional Network and Platform Early in Your Career Is Crucial. - Elapsed: 7:53, Remaining: 1:22

11. **The Importance of Understanding Regulations in Lending** - Elapsed: 8:23, Remaining: 0:51

12. The Decline of \"Growth Hacking\" as a Buzzword. - Elapsed: 8:54, Remaining: 0:21

[0.00] 20VC with Harry Stebbings_Could you pass Revolut’s interview test_ 😳.txt

20VC with Harry Stebbings

SOURCES and Summary Texts:

Could you pass Revolut’s interview test? 😳

\**-BUSINESS LEARNING- 1. How to approach a job interview problem. **

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When preparing for job interviews, particularly for roles like product managers or operations, companies often present candidates with a challenging past problem to solve. The problems presented are based on real-world scenarios and usually involve analyzing a large amount of data. Instead of expecting completely accurate solutions, interviewers primarily assess the candidate's approach to problem-solving. A structured approach involves identifying the root causes, formulating hypotheses, and developing a plan to test and validate those hypotheses. This demonstrates a candidate's analytical thinking and ability to navigate complex situations, which are valuable qualities in these roles.

[44.97] 20VC with Harry Stebbings_Do CEOs Need to Fundraise_ 👨‍💼💸.txt

20VC with Harry Stebbings

Do CEOs Need to Fundraise? 👨‍💼💸

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-BUSINESS LEARNING- 1. The Primary Job of a CEO. While being able to raise funds is an advantage for a CEO, it's not the only measure of their competence. In some businesses, the primary responsibility of a CEO might be product development or customer acquisition, with fundraising being a periodic necessity rather than a daily task.

[70.91] My First Million_Jerry Seinfeld's Invaluable Advice That Made Him $1B....txt

My First Million

Jerry Seinfeld's Invaluable Advice That Made Him $1B...

\-BUSINESS LEARNING- 1. Why people live like that.

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The story of Glenn Miller's Orchestra having to walk through the snow to their gig highlights the dedication and passion required for a fulfilling life. Despite the discomfort of the journey, the musicians were driven by their love for music and their commitment to their craft. This dedication to their chosen path, even when faced with challenges, exemplifies the mindset needed for a fulfilling life. The discomfort they endured was a small price to pay for the joy of pursuing their passion.

[104.23] Deep Dive with Ali Abdaal_The Pursuit of Wealth_ Barista to Billionaire - Andrew Wilkinson.txt

Deep Dive with Ali Abdaal

The Pursuit of Wealth: Barista to Billionaire - Andrew Wilkinson

\-BUSINESS IDEA- 1. **Build a Holding Company With Small Bets.**

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Building a holding company with small bets, focusing on profitable businesses that generate cash flow is a good model for long term growth and financial freedom. This approach emphasizes consistent profitability and a good lifestyle from the start, rather than solely aiming for a large exit after years of deferred gratification. This can be achieved by investing in multiple smaller companies, allowing for diversification and consistent income streams.

-BUSINESS LEARNING- 1. **The Downsides Of Being a Billionaire.**

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While there are obvious advantages to being a billionaire, there are also unexpected downsides. Many billionaires still face the same day-to-day stresses as everyone else, like relationship issues and work-related anxieties. They also experience an insatiable desire for more, constantly comparing themselves to those with even greater wealth, leading to a constant state of striving and competition. It can also lead to social isolation, not knowing who your true friends are, and a heavy burden of responsibility to use their wealth to make a positive impact on the world.

-BUSINESS LEARNING- 2. **The Importance of Delegation and Anti-Goals.**

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Delegation is crucial for achieving a sustainable work-life balance and maximizing happiness. Identify tasks that you dislike or find stressful and delegate them to people who enjoy or excel at them. This frees up time and mental energy to focus on your passions and strengths. Alongside delegation, setting anti-goals (identifying what you want to avoid) can be a powerful strategy. By recognizing and avoiding situations that cause stress and unhappiness, you create a more fulfilling and enjoyable life. This could include things like over scheduling, taking on projects that dont align with your values, or pursuing activities solely for financial gain at the expense of personal fulfillment.

-BUSINESS LEARNING- 3. **Spending Money To Buy Happiness.**

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Spending money on material possessions generally doesn\'t lead to lasting happiness. Instead, prioritize spending money on experiences that foster connection, such as family vacations or gatherings with friends. Investing in a comfortable living space with a view and time-saving services like house cleaning can also contribute to happiness. Additionally, using wealth to connect with interesting people, such as hosting events or traveling to meet them, can provide immense value and fulfillment.

-BUSINESS LEARNING- 4. **The Danger Of Mimetic Desire And Choosing The Right Tribe.**

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Mimetic desire, the tendency to want what others in your social circle have, can lead to a never-ending cycle of striving for more without true satisfaction. Be cautious about the social groups you associate with and avoid those that define status through material possessions. Surrounding yourself with people who prioritize intrinsic values over external validation will help prevent getting caught in the trap of chasing empty status symbols.

-BUSINESS LEARNING- 5. **The Value Of Practicing Poverty.**

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Occasionally \"roughing it\" by intentionally experiencing discomfort, such as sleeping on the floor or eating simple meals, can help maintain perspective and gratitude for the comforts you have. This practice can serve as a reminder that happiness is not dependent on luxury and that you can thrive even without material extravagance.

-BUSINESS LEARNING- 6. **The Power Of The Personal Monopoly.**

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As an influencer with a loyal following, you possess a valuable personal monopoly that extends beyond traditional monetization methods like online courses. Consider leveraging your brand to build or invest in businesses that cater to your audience's needs. This approach allows you to create durable income streams, potentially achieving greater financial success than relying solely on your personal brand. For example, if your audience consists of freelancers, identify common challenges they face, such as finding affordable health insurance, and partner with companies that offer solutions, benefiting both your audience and your business ventures.

-BUSINESS IDEA- 2. **Focus On Simple, Niche Software.**

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Instead of attempting to build complex, multi-platform software, focus on creating small, niche utilities that solve specific problems for a defined audience. Simple, boring software can be extremely profitable, especially if it addresses a pain point for a specific user group. Avoid entering highly competitive markets like productivity software where customer loyalty is low and competition is fierce. Instead, focus on niches with less competition and higher customer lifetime value, allowing for more sustainable growth and recurring revenue.

-BUSINESS IDEA- 3. **Offer Exclusive Content or AMA Access.**

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To enhance recurring revenue, consider offering exclusive content or access to Ask Me Anything (AMA) sessions to paid subscribers. By providing valuable insights, tactical advice, and behind-the-scenes access, you can create a more compelling membership offering that incentivizes longer subscriptions and increases customer lifetime value. For example, you could offer extended podcast episodes, exclusive Q&A sessions, or premium access to your community forum for paid members.

-BUSINESS LEARNING- 7. **The Importance of Cash Flow Over Valuation.**

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Instead of focusing on building businesses solely for a potential exit, prioritize generating cash flow from the start. Choose business models that prioritize profitability over hypothetical valuations. By building a portfolio of profitable businesses, you can achieve financial independence and freedom while enjoying a comfortable lifestyle throughout your entrepreneurial journey. This approach allows you to make decisions based on your intrinsic values and passions, rather than being driven by the pressure to achieve a large exit.

[432.08] Greg Isenberg_The most painful part about being an entrepreneur is ….txt

Greg Isenberg

The most painful part about being an entrepreneur is …

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-**BUSINESS LEARNING- 1. The Uncertainty of Entrepreneurship.**

Being an entrepreneur means embracing uncertainty. Whether you\'re building a SaaS startup or competing with established companies like Figma, the possibility of unexpected challenges and competition is constant. This uncertainty can feel like a slot machine, with unpredictable outcomes. To thrive as an entrepreneur, you must find peace with this inherent uncertainty, as it's a fundamental aspect of the journey.

[465.69] Elijah Murray_The Power of Personal Branding in Entrepreneurship.txt

Elijah Murray

The Power of Personal Branding in Entrepreneurship

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-BUSINESS LEARNING- 1. Building a Professional Network and Platform Early in Your Career Is Crucial.

It's essential to intentionally build a professional network and platform early in your career, especially for entrepreneurs and early-stage team members. Not doing so is a missed opportunity. Founders and early-stage team members who aspire to lead their own companies stand to gain significantly from building a personal brand.

[495.68] Elijah Murray_How Compliance and Regulation Impacts Innovation and Growth.txt

Elijah Murray

How Compliance and Regulation Impacts Innovation and Growth

\**-BUSINESS LEARNING- 1. The Importance of Understanding Regulations in Lending**

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To innovate and grow in the lending industry, it's crucial to prioritize compliance and regulation. While regulations may seem to slow down innovation, a strong understanding of the rules and regulations is essential. This knowledge is vital before attempting to make changes or introduce innovative lending practices.

[523.49] More or Less Podcast_are you more or less on AGI_ #techpodcast #superintelligence #aipodcast.txt

More or Less Podcast

are you more or less on AGI? #techpodcast #superintelligence #aipodcast

\-BUSINESS LEARNING- 1. The Decline of \"Growth Hacking\" as a Buzzword.

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The term \"growth hacking,\" once popular in Silicon Valley, has lost its appeal. While the concept of rapid experimentation for growth remains relevant, the terminology has fallen out of favor. This shift suggests a move away from the aggressive, often unsustainable tactics associated with the \"growth hacking\" label.

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