Best of This Week: Jan 28th
About This Episode
This compilation episode explores the intense psychological obsession required for billionaire-level success and the importance of rapid testing in entrepreneurship. The hosts also discuss the high-growth potential of celebrity spirits and provide strategic advice on pricing high-value consulting and corporate speaking services.
Episode Description
Show Notes
- 00:50- What it takes to become a billionaire
- 08:30- Val Katayev on testing new ideas
- 14:25- The Rock's tequila business
- 16:38- Overcoming imposter syndrome
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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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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Key Takeaways
Increase your service pricing until approximately 50% of prospects say no to ensure you are capturing the true market value of your expertise.
Prioritize testing ten low-fidelity ideas quickly over perfecting a single concept, as the volume of experiments significantly increases the probability of hitting an outlier success.
Outlier financial success often requires an 'uncomfortable intensity' and singular focus that prioritizes business outcomes over life balance and social norms.