Every Business I Tried Before Making My First Million
About This Episode
Sam Parr details the diverse range of failed and mediocre ventures he launched before reaching his first million, including a hot dog stand, an online moonshine business, and a roommate-matching app. The discussion centers on how these early struggles provided essential training in tenacity, risk reduction, and the development of core money-making skills like copywriting.
Episode Description
Show Notes
Check Out Shaan's Stuff
- Shaan's weekly email
- Visit
- Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
- Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
Check Out Sam's Stuff
Key Takeaways
Practice being 'chalant' by using non-sexual charm and playful social interaction with everyone to reduce friction in business transactions and secure favorable terms.
Apply a risk-minimization framework to project selection by choosing proven business models in markets with weak competition and pre-selling services to validate demand before investing capital.
Focus on increasing your 'rate of learning' through rapid experimentation, treating each project as a way to acquire high-value, transferable skills like sales and marketing that eventually make success inevitable.