My First Million Live Event With Andrew Wilkinson (Austin, Texas…
About This Episode
Recorded live in Austin, Sam and Shaan are joined by Andrew Wilkinson to discuss the highs and lows of entrepreneurship, including stories of deals that almost went through but failed. They also interact with the audience to uncover several high-revenue 'boring' businesses, ranging from fire equipment distribution to custom dog treats.
Episode Description
Show Notes
- 8:05- Who has a business?
- 12:10- Andrew Wilkinson's Tiny story
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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
Links
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
Check Out Shaan's Stuff
- * Power Writing Course
- * Daily Newsletter
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Key Takeaways
Verify the financial stability of potential acquirers, as both Sam and Andrew shared stories of nearly selling to companies (Vice and a private equity firm) that were about to collapse or failed to fund the deal.
The importance of a grounded business partner is vital to prevent manic decisions, exemplified by Andrew's CFO stopping him from shutting down a multi-million dollar agency to chase a struggling SaaS product.
Niche, unsexy markets like tractor rentals, fire department equipment, and dog supplements can be just as profitable as high-tech ventures but with significantly less competition.