My First Million

If I Had To Make $1 Billion... Here’s The Business I Would Start

292 snips
Dec 8, 2023
Discover bold business ideas designed to rake in a million dollars, including a quirky concept around pizza robots. Explore the strategy behind niche communities that solve specific problems and the potential of a QSBS advisory firm for tech companies. The hosts brainstorm controversial ventures like acquiring universities and delve into the future of humanoid robots reshaping industries. Get insights into maximizing company value through strategic upselling and innovative university funding models, perfect for aspiring entrepreneurs.
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ADVICE

The "Me Also" Strategy

  • To make $1 million, copy a successful business model.
  • Find a business for sale on a brokerage site like Quiet Light and reverse-engineer it.
ANECDOTE

Reverse-Engineering Success

  • Shaan Puri tells a story about a friend who copied a business idea from a for-sale listing.
  • The friend recreated the business and later sold it for millions.
ADVICE

Niche Community

  • Create a niche online community that solves a specific problem for a particular group.
  • Charge high membership fees and offer valuable resources like expert content and a member database.
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