Episode
Finding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
1:12:24
Published: Tue Mar 22 2022
Description
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about how to identify trends, whether it's possible to get ultra-wealthy from cash flow businesses, why they enjoy doing hood rat stuff, and more. ----- Links: * https://worldview.space/ * https://www.reddit.com/r/antiwork/ * https://www.reddit.com/r/overemployed/ * Bullshit Jobs: https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp/150114331X * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- Show Notes: (03:45) - Shaan's trip to Mexico (07:35) - Worldview (15:05) - Sam's goals for MFM (20:50) - The secret world of how things come to be (29:30) - Identifying trends (42:00) - How many employees does a company needs (49:10) - Why Sam and Shaan love doing hood rat stuff (53:30) - Can you make 9 figures from cash flow businesses? (55:45) - Sam's advice for Warren Buffet (01:03:00) - Being honest about why you start a company ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
Journalist Josh Gross shares stories of the violent and sometimes deadly consequences of mixed martial arts fighting, highlighting how fighters can end up with debilitating injuries and discussing the dark side of the sport.
00:00 - 03:24 (03:24)
Summary
Journalist Josh Gross shares stories of the violent and sometimes deadly consequences of mixed martial arts fighting, highlighting how fighters can end up with debilitating injuries and discussing the dark side of the sport.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
In this brief snippet, a chance encounter at an amusement park turns into a musical collaboration between two people from very different backgrounds.
03:24 - 07:14 (03:49)
Summary
In this brief snippet, a chance encounter at an amusement park turns into a musical collaboration between two people from very different backgrounds.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The concept of nationalities and borders is not important, and what is important is space tourism, where people can pay $50,000 to see the world from a different perspective above 100k feet, which may change their lives.
07:14 - 10:51 (03:36)
Summary
The concept of nationalities and borders is not important, and what is important is space tourism, where people can pay $50,000 to see the world from a different perspective above 100k feet, which may change their lives.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
A discussion about the possibility of living in a space colony and spending money on life-changing experiences, such as traveling for $50,000 or buying quarter million dollar tickets to space.
10:51 - 15:25 (04:34)
Summary
A discussion about the possibility of living in a space colony and spending money on life-changing experiences, such as traveling for $50,000 or buying quarter million dollar tickets to space.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker selection process for a conference is crucial and requires careful planning.
15:25 - 19:58 (04:32)
Summary
The speaker selection process for a conference is crucial and requires careful planning. It is important to aim for well-known and respected individuals like Arnold Schwarzenegger to help promote the event's prestige.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The host reflects on the immense and often overlooked impact of mass production on the environment and the lives of individuals involved in the factory production process for the sake of creating inexpensive products.
19:58 - 25:29 (05:31)
Summary
The host reflects on the immense and often overlooked impact of mass production on the environment and the lives of individuals involved in the factory production process for the sake of creating inexpensive products.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker discusses how anti-consumerism can promote environmental sustainability and reduce resource waste, citing examples such as driving the same car for years and cutting out extraneous steps in production.
25:29 - 31:48 (06:18)
Summary
The speaker discusses how anti-consumerism can promote environmental sustainability and reduce resource waste, citing examples such as driving the same car for years and cutting out extraneous steps in production.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The founder of a plastic-free water brand spotted the idea of selling water in glass containers on Etsy and decided to make it into a business.
31:48 - 37:08 (05:20)
Summary
The founder of a plastic-free water brand spotted the idea of selling water in glass containers on Etsy and decided to make it into a business. They aim to provide an alternative to plastic-packaged products.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The anti-work movement has gained traction as people began questioning the traditional 9-5 work routine.
37:08 - 41:38 (04:29)
Summary
The anti-work movement has gained traction as people began questioning the traditional 9-5 work routine. However, it has also been met with a counter movement from critics arguing against the movement's ideals, leading to polarization.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker reflects on building a strong team in the company and the hiring process they went through after Twitch acquisition.
41:38 - 46:29 (04:50)
Summary
The speaker reflects on building a strong team in the company and the hiring process they went through after Twitch acquisition.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The podcast touches upon the influence of social media on human behavior and how it can amplify our natural tendency towards self-centeredness.
46:29 - 50:15 (03:46)
Summary
The podcast touches upon the influence of social media on human behavior and how it can amplify our natural tendency towards self-centeredness. It discusses a viral video of a child who stole his grandmother's car and crashed it as an example of how social media has given us tools to further indulge in such behavior.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker reflects on their past experiences with startups and how they often crossed ethical boundaries in negotiations and engagements out of a desire to win deals and compete with competitors.
50:15 - 57:44 (07:29)
Summary
The speaker reflects on their past experiences with startups and how they often crossed ethical boundaries in negotiations and engagements out of a desire to win deals and compete with competitors.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker discusses his ability to build a million-dollar business in six months without any capital when earlier, he had to make major concessions to get his business going.
57:44 - 1:02:09 (04:24)
Summary
The speaker discusses his ability to build a million-dollar business in six months without any capital when earlier, he had to make major concessions to get his business going. He also mentions how the compounding effect in his life is taking him to great heights.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The speaker shares his dislike for those who act like they're not playing the game in the music industry and admires those who are open about it.
1:02:09 - 1:05:15 (03:05)
Summary
The speaker shares his dislike for those who act like they're not playing the game in the music industry and admires those who are open about it. He shares an anecdote about an interview where someone asked about his music process, but he interrupted the question to avoid talking about old music and another interview where he discussed his respect for those who are open about playing the game.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
Some investors try to signal their authenticity by making jokes and being transparent, while others give respect to those who flip storage containers and realize there is a business there.
1:05:15 - 1:09:51 (04:35)
Summary
Some investors try to signal their authenticity by making jokes and being transparent, while others give respect to those who flip storage containers and realize there is a business there. However, some investors may be associated with promoting products like "bedhead" for hair.
EpisodeFinding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More
PodcastMy First Million
The future of podcast events involves incorporating fitness and community experiences beyond just sitting down and listening to people talk, such as group workouts or sessions with MMA trainers, and combining them with valuable content and opportunities to meet members of the community.
1:09:52 - 1:12:33 (02:41)
Summary
The future of podcast events involves incorporating fitness and community experiences beyond just sitting down and listening to people talk, such as group workouts or sessions with MMA trainers, and combining them with valuable content and opportunities to meet members of the community.