If I Had To Make $1 Billion... Here’s The Business I Would Start
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- čas přidán 16. 07. 2024
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Episode 528: Shaan Puri ( / shaanvp ) and Sam Parr ( / thesamparr ) answer the question they get most often: “If you had to pick one idea that to make a million dollars this year, what would it be?”
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Show Notes:
(0:00) Intro
(3:00) Idea 1 - The "Me Also" strategy
(12:00) Idea 2 - Niche community that solves for X
(16:00) Idea 3 - QSBS advisory firm
(24:00) Idea 4 - Pizza robots
(44:00) Idea 5 - Buying a university
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Links:
• Quiet Light - quietlight.com/
• Exit Five - www.exitfive.com/
• Figure - figure.ai/
• Renovate Robotics - www.renovaterobotics.com/
• Anduril - anduril.com/
• DealStream - dealstream.com/
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Check Out Shaan's Stuff:
• Try Shepherd Out - www.supportshepherd.com/
• Free 2024 Goal-Setting Session - planfor2024.com/
• Shaan's Personal Assistant System - shaanpuri.com/remoteassistant
• Power Writing Course - maven.com/generalist/writing
• Small Boy Newsletter - smallboy.co/
• Daily Newsletter - www.shaanpuri.com/
Check Out Sam's Stuff:
• Hampton - www.joinhampton.com/
• Ideation Bootcamp - www.ideationbootcamp.co/
• Copy That - copythat.com/
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Yo Shaan, whatever you're doing health wise is clearly working. I haven't watched an episode on YT in a while and I noticed a big difference. Great job.
I just wanted to drop a quick note to express how much I love your content! Every single episode is truly amazing, and I can see the dedication and hard work you guys put into each one. Keep up the fantastic work; it's truly appreciated. Dreaming big here - I hope that one day I'll have the incredible opportunity to be invited onto your show! Until then, I'll be eagerly watching and enjoying every single episode.
Me ALSO! I couldn't have said it better myself!💥💯💫
You all don't miss on these podcasts, one of the best consistently dropping valuable information. Thank you!
I wish i had this Podcast to remain motivated 10 yrs ago. But this is quality education you just cant get anywhere else.
Sam is intense and smart, Shaan is chill and smart. entirely different kinds of balancing act.
Latter is true fasho! I don't know about the former's latter, honestly!
Quite possibly the most banger episode you've put out. Love all of ur content keep it up!
Absolute fire content. Keep up the incredible work. 🔥🔥🔥
Given the amount of times "Quiet Light" was mentioned, there is defs some back scratching going on behind the scenes.
Fantastic episode. Y’all need to buy a College ASAP. Great ideas.
6:20 😂😂😂 haven't laughed that hard at a pod episode in a minute... amazing timing Sam! 👏
Billion dollar idea: “Sam, what if I told you“ t shirts
This podcast is 🔥!:)
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.
Speaking of financial stability, I've had the privilege of working closely with Monica Mary Strigle, a highly experienced financial advisor. Her expertise has been pivotal in helping me navigate the complexities of economic downturns.
That's intriguing, I've been on the lookout for a financial advisor who can provide sound guidance during these uncertain times. Could you elaborate on how Monica Mary Strigle has assisted you?
Certainly, Monica Mary Strigle provided me with tailored financial strategies that not only protected my investments but also helped optimize them during periods of economic turbulence. Her insights were truly invaluable.
It's heartening to hear about professionals like Monica Mary Strigle who can offer expert guidance when it's needed most. I've been contemplating the importance of finding a trusted advisor myself.
I clicked on this because based on the cover I was afraid that the idea you’re talking about was my idea…. Fortunately it is not.
Amazing 😻 thank you
Whoah. Either this was super prescient, or Elon watched this and moved fast. Only 6 days after this went up, Elon announces he is founding a University in Texas.
Hey Shaan Puri, wanted to say I've listened to all your videos for the last three months, and today I listened to another interview with Neal Mohan, and swear you sound like the big man!
Shaan with the me too save 😂
thanks again for your decades long wisdom.. trying to absorb.. thinking about how to act..
What a pleasant surprise!
shaan p for pres!
I have a billion dollar idea, but no way to realize it. It is tech related.
tell it to me. maybe I can do it.
Y'all changed the thumbnail
Great episode. Love the pod. You're finally talking about hardware! Don't fool yourselves into thinking hardware sells itself. Hardware people think the same about how easy it must be to build software products. I'm CEO of Root3 Labs, an engineering R&D consulting company in Baltimore, Maryland, and our workshop is basically as you described f.inc's lab, but with many more fabrication toys for our engineers to develop customer prototypes. When people need some nerds to help them figure out how to make something technically feasible, they call us. Open invitation to come by if you want to talk to people making hardware. Sam would probably like Baltimore, but does Shaan leave Silicon Valley?
This was a cool pitch. The pod should take note.
This was a cool pitch! The pod should take note.
Bro just described VIT, SRM, MIT and a few other! Guess India is ahead of the US on this one ;)
So when’s the school opening and where do I buy the NFT
pizza robot already existed, it's the reason why you can buy whole sale frozen meat and mushroom pizza for 1.79 each. Equivalent pizza at papa john would cost around 16 bucks and fewer amount of topping instead. Granted, these centralized pizza factory cost billion to setup and need to have millions in order volume just to keep the light on. But on a per unit pizza cost efficiency, it's difficult for smaller machine to overcome the cost advantage of large factory machine. But then it become an issue of sale and marketing, how can you market a frozen pizza well enough to charge the same price as regular hand made pizza. Even though it's objectively better if you do a double blind test. Your pizza chef essentially function more as a salesman rather than pizza maker, they are selling the illusion that hand made is better than machine made.
I suppose you could pair the pizza with another high margin product like soft drink. Some thing like if you buy family value pack of soda, you get $20 value of pizza at no cost to you (only cost $2 in material). Then the pizza essentially become the ad for the soda. Which is extremely high margin.
My fav pod !!
Great ideas. But how to get the down payment of $200k? SBA loans aren’t easy to get
You don't need to reinvent the wheel or create dynamite. You just need to copy from other successful strategies and customize it for specific markets. This is also true for social and state policies and pretty much anything.
It should always be net... no-brainer!
Thank you for reaching out, love your show, watch it every chance, will do soon..(:@@SamParrr
Njoy your podcasts I’m just wondering how these biz ideas will flourish in an economy with no middle class. If The path to billions is getting rid of workers and using robotics, who is gonna buy what you are selling. Even tho u go B2B eventually most businesses eventually need b2c to last for the long haul. Who’s gonna buy pizzas and fix leaky roofs and hail driverless cars if there is no income for consumers?? How much can we grow off of Universal Basic Income?? 🤷🏽♀️
@@SamParrr only see links to the podcast or to products in the channel description.
I appreciate you reaching out. Maybe you can address my question during a show. I’m not an economist so I’m outgunned from the start😂. However I do believe that average American feels very pessimistic about the future. They don’t see themselves as part of the picture. Big disruptions are projected ahead. Most of us will be roadkill?
Every time I listen to MFM, it makes me want to start 5 new businesses 🤦🏻♂️ can’t focus
Interesting idea with NFTs Shaan.
😂 the 'me also' strategy
Hey Guys My First Time. Glad to be here❤
Hello...can Overseas Businesses be Brokered over Quiet Light ...?
Can we get back to the more realistic hustles though? Just recently all these are more like My First Billion, love the ambition but sometimes I just miss the old stuff
A million is not a lot anymore. Think 1000 million. I love that they're pushing the envelope!!! These ideas we will one day take for granted.
Shaan sold all his stock in 2022 because he didn’t want to get margin called and liquidated. That signalled the bottom of the market and it has mooned from that very day. shaan can you let us know next time you are going to consider buying stocks because that will be the market top and time for us to cash in and get short
@@SamParrrjust a bit of banter champ. Big fan. Big boi energy
Is this episode just a long ad for QuietLight?
Regarding the QSBS idea for anyone who wants to start it…Maybe you dont have to be a lawyer and not an expert but I would have thought you have to be a CPA if this is really an atteststion in the sense of the AICPA
Best Episode to help normal professionals buy and start a business.
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate
Do you trust the quiet light ? We want to buy a online business. Thanks ! Great podcast!
Symbotic $SYM is killing it with warehouse automation
$SYM has gain like 360% this year, even more than Nvidia stock and it PE is in the 400s!😂 NVidia PE is in the 30s!
Yeah a small ton out of a big pie , can be painful if u allow yourself to agonize. Having a healthy attitude toward gain and loss is essential in any big buck game...in order to avoid frustrations. I remember percieving that Mr. Zucks apart from whatever drama actually went on, had pretty much protected himself from extreeme dilution (cant remember my detailed thoughts on it rn) and thats pretty important.
But if u knew how to make a bn dollars u wouldn't tell anyone how that could be done
So, the "profit" from selling a business just pays you some of the salary you were not given during your startup phase. Bleh!
35:34 all you need to know right here
After this episode I really want to buy an university soon 😂 first hire dean Puri
Did Shaan just pitch his school to Jess Mah lol
Addicted to my first million 💉
Rebarding Robotics it's wierd that big retail stores are not utilizing them even more, when it comes to filling the shelves and things that could be easily automated
what would a stocking robot look like?
it could just be a conncted line where you would fill the products in the back and than it would switch to front :) or imagine advanced version, you have the AI that is sorting products immediately as they arrive and you have product recognition system that would just recognize which shelves are empty and than refill these ^^@@snorttroll4379
That’s fun, I am a defense contractor
7:40 - " Not only will you have fake money, but you will also be out of a job." - Shaan 💀
Hey! QSBS!
Shaam Parry!
I maybe wrong, but if we had these robots than all companies are basically marketing companies. I think a better bet is human robot symphony
Interview the kid that thought of the bayractur drone
"Blood, sweat, tears for years to build the business, sold it for $990 million dollars, *_I got $3 million_*
I'd convert to buddhism or catholicism and take a poverty vow.
"This is our Friar Greg - he got it handed to him in the business world, he's the new Patron Saint of Disgust"
Kick me some alms, I'm done
.
can we just built it live, im from the SHow ME Satate ~~~~
Some ego tension with the robot idea guys
40:30
"I'll find people to do it for me"
I'm back baby
ha
Orange wood is i guess alrady an Unicorn
Absolutely disgusting on their take with the cleaning lady or those that are "below them..."
Here's how I would make a billion dollars: I would establish a leasing company that leases inventory to e-commerce companies. This way, e-commerce companies wouldn't have to tie up their capital in inventory, but instead, they could pay a monthly fee to have access to "their own" products. Hey, is there anyone out there who wants to hear this pitch?
please elaborate. will it be like a buy option?
@snorttroll4379 - It would be a lease back model. Just like when a company buy a new mashine for production, then they sell it back to a leasing company who then lease it back to them again.
So it would require a lot of capital to do this, becuse you would own all of the products. For the eCommerce company, they would see this as dropshipping, but with the differene that they chose the products and have the products exclusive
Every time I see this video it has a new thumbnail 😂
I'm basically building one of their ideas next year. Which one do you think I picked?
Like in the 90's when Clinton was president. Some great years! @@Chris..........
please tell
Sam, why do you have that machine?😅 Are you doing something money laundering business😂😂
Copy, paste, innovate.
Show is becoming repetitive
This is an old episode
Can you guys please interview Steve Hamilton from @thehamiltoncollection 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼