Chapter
Buying Businesses for a MFM Back Office
34:15 - 40:44 (06:29)
The speaker discusses the idea of buying businesses that people they've worked with and building a set of back office businesses to provide accounting, legal, and other services to other founders.
Clips
The possibility of a social network being created exclusively for industry insiders where their content can be verified and subscribed to is discussed, with this clear value prop making the idea more likely to work than other social app ideas.
34:15 - 36:06 (01:51)
Summary
The possibility of a social network being created exclusively for industry insiders where their content can be verified and subscribed to is discussed, with this clear value prop making the idea more likely to work than other social app ideas.
ChapterBuying Businesses for a MFM Back Office
EpisodeThe Guy Mafia, Agency Affiliates, Mini Katanas, and More
PodcastMy First Million
The speaker shares how he made his video editors work for him for free and how other people are making a passive income by referring people to certain agencies.
36:06 - 36:40 (00:33)
Summary
The speaker shares how he made his video editors work for him for free and how other people are making a passive income by referring people to certain agencies.
ChapterBuying Businesses for a MFM Back Office
EpisodeThe Guy Mafia, Agency Affiliates, Mini Katanas, and More
PodcastMy First Million
The speaker proposes the idea of buying stakes in businesses like those of their accountant, lawyer or estate planner to build a back office set of businesses that cater to the needs of founders like themselves, instead of owning tiny portions of many businesses or promoting multiple products.
36:40 - 40:44 (04:04)
Summary
The speaker proposes the idea of buying stakes in businesses like those of their accountant, lawyer or estate planner to build a back office set of businesses that cater to the needs of founders like themselves, instead of owning tiny portions of many businesses or promoting multiple products.