My First Million

One-Chart Businesses, The Lice Lady and Having A Micro-Hustle Mentality

Aug 1, 2023

01:00:26

Snipd AI

Shaan Puri and Sam Parr discuss the concept of one-chart businesses and the opportunities they present. They also talk about Covet & Mane's success in the beauty-care industry and the side hustle of being a lice specialist. The hosts share insights on applying a micro-hustle mentality in everyday life. Other topics include the direct to stylist model, unique side hustles, and a frustrating locksmith experience. They also mention a cool AI tool and their experience running a New Year's disco frisco taxi.

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Quick takeaways

One-chart businesses offer opportunities for success by analyzing and capitalizing on growth trends in specific niches.

The 'lice lady' business in LA demonstrates the profitability and potential for expansion in providing mobile lice testing services.

Creative approaches and a micro-hustle mentality can lead to significant success and personal growth in any profession.

Deep dives

The Rise of One Chart Businesses

One chart businesses are businesses that can be summarized and planned based on a single chart. For example, the rise in popularity of cremation in the United States over the past 20 years has created opportunities for businesses in the cremation services industry. By analyzing and understanding this growth trend, entrepreneurs can build successful businesses in this niche.

Jeff Bezos' Generation-Defining Stats and Market Demand for Books

01:41

Shrinking the Gap: Thinking Like a Business Owner in Your Current Job

01:20

The Right Side of History and Decluttering Your Space

01:03

The Challenges of Raising Too Much Money

00:30

Introduction

2min

Feelings about Attending a Party at Michael Ruben's House

2min

Identifying Trends and One-Chart Businesses

7min

Decrease in Sleep Hours and Growth of the Sleep Industry

19min

Direct to Stylist Model and Mind Body Online

5min

Restaurant Owner Energy and Unique Side Hustles

7min

The Frustrating Locksmith

10min

Trip to LA and the Roundtable.ai Tool

5min

Running a New Year's Disco Frisco Taxi

2min

Episode 481: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk about how the biggest opportunities lie in one-chart businesses, how Covet & Mane became a massive beauty-care business, why The Lice Lady is a killer blue-collar side hustle, and how to apply a micro-hustle mentality into your everyday life.

Want to see more MFM? Subscribe to the MFM YouTube channel here.

Check Out Sam's Stuff:

• Hampton

• Ideation Bootcamp

• Copy That

Check Out Shaan's Stuff:

• Try Shepherd

• Shaan's Personal Assistant System

• Power Writing Course

• Daily Newsletter

• Small Boy Newsletter

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Show Notes:

(0:00) Intro

(0:50) Michael Rubin’s White Party

(4:00) One-Chart Businesses

(12:35) Being a Conscious Consumer

(19:30) One Choice Is No Choice

(22:00) Covet & Mane

(37:20) The Lice Lady

(44:30) AAA Locksmith: The Micro-hustle Mentality

(53:00) Weird AI Tool of the Week: Roundtable.ai

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Links:

• After.com

• Steph Smith’s Tweet

• Covet & Mane

• Style Seat

• MindBody

• Squire

• Bricia Lopez

• LiceTreatmentLA.com

• LiceBustersUSA.com

• Roundtable.ai

• Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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