Chapter
Choosing the Right Business
32:01 - 38:19 (06:18)
The speaker discusses the concept of a lifestyle business versus a moonshot business and the importance of finding a business that both meets your financial goals and fulfills your excitement needs, but also allows you to maintain some level of work-life balance.
Clips
The CEO discusses the similarities between lifestyle businesses and big businesses, stating that both require a significant amount of time investment, and predicts the continued existence of businesses that remain unchanged.
32:01 - 33:40 (01:38)
Summary
The CEO discusses the similarities between lifestyle businesses and big businesses, stating that both require a significant amount of time investment, and predicts the continued existence of businesses that remain unchanged.
ChapterChoosing the Right Business
EpisodeGetting Rich Quick Sucks - Andrew Wilkinson Teaches You How to Get Rich Slow
PodcastMy First Million
In this episode, the speaker discusses how finding the right person to hire for your business can be challenging, and how it is important to focus on finding someone who is the right fit and is willing to accept a salary that is affordable to the business.
33:40 - 34:53 (01:12)
Summary
In this episode, the speaker discusses how finding the right person to hire for your business can be challenging, and how it is important to focus on finding someone who is the right fit and is willing to accept a salary that is affordable to the business.
ChapterChoosing the Right Business
EpisodeGetting Rich Quick Sucks - Andrew Wilkinson Teaches You How to Get Rich Slow
PodcastMy First Million
Bill Ackman discusses his passion for starting new businesses and the excitement that comes with it, despite the challenges that also exist.
34:53 - 36:29 (01:36)
Summary
Bill Ackman discusses his passion for starting new businesses and the excitement that comes with it, despite the challenges that also exist. He also touches on the tendency for people to give up on entrepreneurship after failing with a tech startup when they may succeed in a different industry.
ChapterChoosing the Right Business
EpisodeGetting Rich Quick Sucks - Andrew Wilkinson Teaches You How to Get Rich Slow
PodcastMy First Million
The best way to succeed in a new industry is to find someone who has already succeeded and learn from them.
36:29 - 38:19 (01:49)
Summary
The best way to succeed in a new industry is to find someone who has already succeeded and learn from them. Many people fail because they hesitate to take action and don't learn from those who have already paved the way.