Chapter
Starting a Wristband Business with $1000
06:11 - 17:42 (11:31)
Two friends in Boulder come up with the idea of creating custom wristbands after seeing the popularity of stacked wristbands on college campuses, and they start the business with only $1000 and no payment method. They eventually reach the milestone of making $1000 in sales, creating a sense of achievement and motivation for their business venture.
Clips
Two friends at the age of 21 were too immature to understand what was actually important in creating a business plan; instead, they focused on irrelevant details leading to an embarrassing result of playing business.
06:11 - 11:23 (05:12)
Summary
Two friends at the age of 21 were too immature to understand what was actually important in creating a business plan; instead, they focused on irrelevant details leading to an embarrassing result of playing business.
ChapterStarting a Wristband Business with $1000
EpisodeOne Question Friday: What’s The Fastest Way You've Had Your Life Changed By Money?
PodcastMy First Million
Two friends recount their experience of a simple yet successful business idea of selling wristbands that they discovered on Alibaba and marketed easily to sorority girls and frat guys with no payment system set up yet.
11:23 - 16:00 (04:36)
Summary
Two friends recount their experience of a simple yet successful business idea of selling wristbands that they discovered on Alibaba and marketed easily to sorority girls and frat guys with no payment system set up yet.
ChapterStarting a Wristband Business with $1000
EpisodeOne Question Friday: What’s The Fastest Way You've Had Your Life Changed By Money?
PodcastMy First Million
The wrong way to build a business is to super over plan and never go to market.
16:00 - 17:42 (01:42)
Summary
The wrong way to build a business is to super over plan and never go to market. Instead of focusing on getting rich quick, focus on getting revenue quick as it will make the whole thing real and help in the long run.