Chapter
Lessons Learned from a Failed Business.
09:20 - 14:21 (05:00)
The speaker shares the lessons he learned from a costly and embarrassing business failure and why it made him appreciate and focus more on internet-based businesses. He also emphasizes the challenges of running brick-and-mortar businesses compared to online businesses.
Clips
Joe Rogan talks about his admiration for Kirk Kerkorian, the longtime owner of MGM, and his incredible story of taking big gambles to build an empire.
09:20 - 11:15 (01:54)
Summary
Joe Rogan talks about his admiration for Kirk Kerkorian, the longtime owner of MGM, and his incredible story of taking big gambles to build an empire. He also highlights the importance of email newsletters for successful businesses, using the example of a successful web news site that lacks an email newsletter.
ChapterLessons Learned from a Failed Business.
Episode#65 - Q&A with Andrew Wilkinson, Co-founder of Tiny
PodcastMy First Million
The speakers decided to start a New York-style pizza restaurant in Victoria, Canada.
11:15 - 12:49 (01:33)
Summary
The speakers decided to start a New York-style pizza restaurant in Victoria, Canada. While many people think running a restaurant would be an enjoyable experience, the speakers realize the challenges and hard work it requires.
ChapterLessons Learned from a Failed Business.
Episode#65 - Q&A with Andrew Wilkinson, Co-founder of Tiny
PodcastMy First Million
The restaurant industry is incredibly challenging with low margins, difficulty in attracting talent, and high touch requirements.
12:49 - 14:21 (01:32)
Summary
The restaurant industry is incredibly challenging with low margins, difficulty in attracting talent, and high touch requirements. The speaker gained an appreciation for internet businesses and the ability to scale infinitely compared to brick and mortar establishments.