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#579December 8, 20231:02:35

How To Make +$1B Out Of Job-Stealing Robots

About This Episode

Sam and Shaan respond to a listener challenge to brainstorm two specific business paths: one to generate $1 million in profit and another to reach a $1 billion valuation. They discuss strategies ranging from acquiring and replicating 'boring' businesses found on brokerages to high-risk ventures in humanoid robotics and the luxury rebranding of accredited universities.

Episode Description

Episode 528: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/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?”  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd

Show Notes

  • 0:00Intro
  • 3:00Idea 1 - The "Me Also" strategy
  • 12:00Idea 2 - Niche community that solves for X
  • 16:00Idea 3 - QSBS advisory firm
  • 24:00Idea 4 - Pizza robots
  • 44:00Idea 5 - Buying a university

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Key Takeaways

1

The 'Me Also' strategy involves browsing business brokerages like Quiet Light to find proven, profitable business models and replicating them rather than inventing something new.

2

For billion-dollar outcomes, founders should seek 'technical risk' (can it be built?) over 'demand risk' (will people buy it?), as seen in industries like warehouse automation and robotics.

3

Qualified Small Business Stock (QSBS) is a powerful tax tool that allows founders to shield up to $10 million in capital gains from federal taxes, creating a niche opportunity for specialized advisory services.

Business Ideas Mentioned

The Me-Also Brokerage Strategy

Acquisitions

High-Ticket Niche B2B Memberships

Content & Media

QSBS Tax Advisory Firm

Agency

Purpose-Built Industrial Robotics

AI & Automation

Elite Accredited University Rebrand

Acquisitions

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Quick Stats

Duration1:02:35
Guests0
Ideas Discussed5
Topics0