Two Side Hustle Ideas, The Top Trait of Successful Entrepreneurs…
About This Episode
Sam Parr and Shaan Puri brainstorm two high-potential business opportunities: a financial education platform for medical professionals and a succession planning summit for boomer business owners. They discuss the massive wealth transfer occurring as the older generation retires and how to capitalize on 'boring' businesses that lack clear heirs.
Episode Description
Show Notes
- 03:00- Dan Porter
- 25:00- The meaning of brand
- 19:40- Two side hustle ideas: ballin' doctors and family legacy summit
- 45:30- Why big companies have terrible landing pages
- 01:00:30- Overtime: Ben's dream and building compounds
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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.
- * Want more insights like MFM? Check out Shaan's newsletter.
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Key Takeaways
Target high-income professionals like doctors with niche business education, as they often lack financial literacy despite their high earning potential.
The upcoming boomer retirement wave creates a massive opportunity to acquire established, cash-flowing businesses that the younger generation is reluctant to take over.
Niche conferences and summits serve as powerful lead generation tools for high-ticket services such as estate planning, masterminds, and direct business acquisitions.
Business Ideas Mentioned
Business in a Box for Doctors
Content & Media
The Family Legacy Summit
Acquisitions