How To Start Your First Business in 48 Hours - Noah Kagan
Jan 30, 2024
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In this engaging discussion, Noah Kagan, the author and entrepreneur behind AppSumo, shares his journey into business and offers practical tips for aspiring entrepreneurs. He emphasizes overcoming the fears of starting and seeking help, revealing that entrepreneurship is a path to self-discovery. Kagan highlights the importance of taking immediate action and viewing business endeavors as experiments, where failures lead to growth. He also introduces the 'law of 100' for persistence in projects, encouraging listeners to actively pursue their passions for financial and personal fulfillment.
Take action now and overcome the fear of starting and asking.
Explore entrepreneurship as an accessible path for personal growth and financial success.
Adopt the 'Now, Not How' mindset to take immediate action and achieve progress.
Money can provide opportunities, freedom, and enhance overall well-being.
Deep dives
The Power of Starting and Asking
The podcast episode discusses the importance of overcoming the fear of starting and the fear of asking. The speaker emphasizes the idea of taking action now rather than waiting for the perfect moment. Starting is the key to progress and success, and the fear of rejection shouldn't hold people back from asking for what they want. The podcast highlights the importance of experimenting and taking risks to see what truly brings happiness and fulfillment. It challenges the notion that money can't buy happiness, suggesting that it can provide opportunities, freedom, and enjoyable experiences.
The Journey of Entrepreneurship
The episode encourages everyone to explore entrepreneurship, emphasizing that it is an accessible path regardless of one's current employment situation. Starting your own business allows for creative expression, personal growth, and the opportunity to control your own destiny. It emphasizes the idea that becoming an entrepreneur is an investment in yourself and offers limitless possibilities for financial success. The podcast also highlights the importance of sticking with your endeavors and putting in the necessary effort and consistency to achieve long-term goals.
The Now, Not How Mindset
The podcast introduces the concept of the 'Now, Not How' mindset, emphasizing the importance of taking action immediately rather than waiting for the perfect circumstances. It encourages listeners to focus on what they can do right now to move forward and achieve their goals, rather than getting overwhelmed by planning and preparation. The speaker suggests applying this mindset to various areas of life, such as starting a YouTube channel, launching a business, or even simple tasks like taking out the trash. The 'Now, Not How' approach helps build confidence, promotes experimentation, and ultimately leads to progress and fulfillment.
The Benefits of Money and Wealth
Contrary to common beliefs, the podcast challenges the idea that money can't buy happiness. It explores the notion that money provides opportunities, freedom, and the ability to enjoy life. The speaker shares personal experiences of experimenting with money and finding joy in investing in experiences and material possessions. By having financial resources, one can eliminate worries, support their loved ones, and access a wide range of choices and opportunities. The podcast highlights that money can enhance overall well-being and create a better quality of life.
The Importance of Finding a Career You Enjoy
Many people have the mistaken belief that getting rich or earning more money is unattainable, so they don't even try. However, it is important to find a career or business that you actually enjoy. Having a job or business that brings you happiness and fulfillment is just as important as earning a high income. So, instead of telling yourself that you don't want to be rich or successful, focus on finding a path that aligns with your passions and interests.
The Misconception About Money and Happiness
There is a common misconception that having more money will automatically make you happier. While money can provide opportunities and freedom, true happiness comes from living a life that aligns with your values. Money can enable you to pursue your passions and make choices that bring you joy, but it is not the sole source of happiness. Finding fulfillment in relationships, health, and personal growth are equally important aspects of a happy life.
The Journey to Financial Freedom and Taking Risks
Achieving financial freedom often requires taking risks and overcoming fears. Many people feel hesitant to pursue entrepreneurial opportunities because they fear failure or believe that success is unachievable. However, the key is to start small and view your journey as a series of experiments. By taking deliberate steps and learning from both successes and failures, you can gradually build wealth and achieve the financial freedom you desire.
The Importance of Setting Realistic Goals and Prioritizing Enjoyment
Setting realistic and attainable goals is essential to long-term success. It's important to align your goals with your values and what truly brings you happiness. Rather than feeling pressured to aim for unrealistic financial goals, focus on achieving a level of income and success that allows you to live a comfortable and fulfilling life. Prioritizing enjoyment and maintaining a healthy work-life balance is just as important as financial success.
In this episode of Deep Dive I sit down to talk with Noah Kagan, the author, entrepreneur and YouTuber who built AppSumo, a multimillion dollar software company. He has just released his new book, The Million Dollar Weekend, which is all about how you can instantly start a business which could change your life. We talk about some of the barriers which keep people from getting started with entrepreneurship and how you can overcome them, so that you can unlock your full potential. Noah is full of really great insight and advice from his years of experience in the business, tech and marketing world. This was a really fun and chill conversation - enjoy x
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Season 8 Episode 1 (00:00) Intro (00:57) Who is Noah? (03:11) The Million Dollar Weekend (09:51) Getting over the fear of selling (17:18) The fear of starting and becoming an entrepreneur (25:53) The law of 100 (32:21) The 'now not how' mindset (38:00) Will becoming rich really change your life? (59:02) Thinking in experiments (1:04:49) Noah’s new book (1:10:58) Becoming a father
Visit the website for the transcript and highlights from the conversation - https://aliabdaal.com/podcast/
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Deep Dive is the podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives.
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