Chapter
Clips
The speaker shares their experience of the challenges of running an e-commerce business and specifically, their failed venture in online cat furniture.
23:51 - 25:29 (01:38)
Summary
The speaker shares their experience of the challenges of running an e-commerce business and specifically, their failed venture in online cat furniture.
ChapterThe Easiest Business You’ll Ever Start
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
The coordination required for a brick and mortar business, such as a restaurant, is much more complex than for an internet business because of the need to manage physical goods and employees.
25:29 - 27:14 (01:44)
Summary
The coordination required for a brick and mortar business, such as a restaurant, is much more complex than for an internet business because of the need to manage physical goods and employees.
ChapterThe Easiest Business You’ll Ever Start
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
Agencies are like law or consulting firms with flat, linear growth that requires them to be ready for downturns and make changes when necessary while SaaS companies are fast-growth companies that most often want to own a consulting business or something that grows really fast.
27:14 - 29:14 (02:00)
Summary
Agencies are like law or consulting firms with flat, linear growth that requires them to be ready for downturns and make changes when necessary while SaaS companies are fast-growth companies that most often want to own a consulting business or something that grows really fast.
ChapterThe Easiest Business You’ll Ever Start
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
The founder of Flow, a project management software, shares his experience of losing $10 million while competing with Asana, and highlights the dynamic of fighting an army with unlimited budget.
29:14 - 31:10 (01:55)
Summary
The founder of Flow, a project management software, shares his experience of losing $10 million while competing with Asana, and highlights the dynamic of fighting an army with unlimited budget. During a conversation with the founder of an agency, he reveals that he saw only a 20% decrease in his companies, whereas American companies he sells to have slowed down their buying services by 5%.
ChapterThe Easiest Business You’ll Ever Start
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
David Perell discusses the challenges of finding the right business model in today's market where there is pressure on suppliers to reduce costs and clients to reduce fees.
31:10 - 32:21 (01:11)
Summary
David Perell discusses the challenges of finding the right business model in today's market where there is pressure on suppliers to reduce costs and clients to reduce fees. He also shares his preference for having many clients paying small amounts instead of a few clients paying large amounts.