Episode
#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
48:42
Published: Sat Feb 08 2020
Description
Sam and Shaan are back talking news, trends, interesting products and businesses. The way to make a million is by surrounding yourself around other people who want it. Join our Facebook group where we share ideas and help each other out: www.facebook.com/groups/ourfirstmillion. Sam and his team happy about Twitter earnings (01:20), Long term stock exchange (03:11), NYSE bid to buy Ebay & direct listings (05:39), Commercial laundry businesses (07:39), Jessica Simpson's billion dollar clothing line & other influencer IP businesses (14:06), Secretive founders making the big money (17:12), Company universities (20:10), What would you do once you have all the money in the world (23:51), Remote Year (28:32), Shaan gives Sam a gift...(33:45), How to get your team to take bigger risks (36:35) and their book recommendations (45:20). See acast.com/privacy for privacy and opt-out information.
Chapters
CRM software can help automate tasks, keep track of contact information and deals, and ensure that your team is using the same data to provide better service to customers and reach goals.
00:00 - 02:00 (02:00)
Summary
CRM software can help automate tasks, keep track of contact information and deals, and ensure that your team is using the same data to provide better service to customers and reach goals. However, some advertisements for products may be included in discussions about the topic.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The CFO's request to increase monthly active users by 8 million just 10 days before the earnings call caused a scramble to send out an email blast, but also led to discussions about innovating in a stagnant market.
02:00 - 06:36 (04:35)
Summary
The CFO's request to increase monthly active users by 8 million just 10 days before the earnings call caused a scramble to send out an email blast, but also led to discussions about innovating in a stagnant market.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The Hustle examines Cintas, a company with $4 billion in sales that rents and launders uniforms.
06:36 - 09:57 (03:20)
Summary
The Hustle examines Cintas, a company with $4 billion in sales that rents and launders uniforms. They also discuss how the process of an IPO works and how it sets the price for the early offerings/shares.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
In this episode, the speaker examines the economics of laundry in hotels and how they factor the cost into their revenue.
09:57 - 14:22 (04:25)
Summary
In this episode, the speaker examines the economics of laundry in hotels and how they factor the cost into their revenue.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The speaker criticizes retail stores like Dillard's and Macy's for targeting Midwestern moms, white ladies with blonde hair, and selling products that just sit on a shelf.
14:22 - 16:31 (02:09)
Summary
The speaker criticizes retail stores like Dillard's and Macy's for targeting Midwestern moms, white ladies with blonde hair, and selling products that just sit on a shelf.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
Seed Beauty and ColourPop have a massive operation that may surprise consumers who thought they were just purchasing affordable makeup products.
16:31 - 18:11 (01:39)
Summary
Seed Beauty and ColourPop have a massive operation that may surprise consumers who thought they were just purchasing affordable makeup products. Despite this, Paris Hilton's perfume still sells incredibly well.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
Companies are starting to either create their own universities or partner with existing ones in order to attract top talent and establish a talent pipeline.
18:11 - 24:04 (05:53)
Summary
Companies are starting to either create their own universities or partner with existing ones in order to attract top talent and establish a talent pipeline. This trend may pick up as it is becoming increasingly difficult for companies to recruit top talent.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
Paul Graham, co-founder of Y Combinator, currently lives a simple life in nature with his family in England, where he enjoys writing and tweeting, but is not actively investing.
24:04 - 25:37 (01:32)
Summary
Paul Graham, co-founder of Y Combinator, currently lives a simple life in nature with his family in England, where he enjoys writing and tweeting, but is not actively investing.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The speaker discusses how he managed to travel on a budget of only a few thousand dollars, utilizing websites like Couchsurfing and Airbnb as well as cheap motels in the Midwest.
25:37 - 27:55 (02:18)
Summary
The speaker discusses how he managed to travel on a budget of only a few thousand dollars, utilizing websites like Couchsurfing and Airbnb as well as cheap motels in the Midwest.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The speaker shares his desire for an ideal life consisting of focused creative pursuits lasting two to three years, similar to studying abroad for remote workers.
27:55 - 30:26 (02:30)
Summary
The speaker shares his desire for an ideal life consisting of focused creative pursuits lasting two to three years, similar to studying abroad for remote workers.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
Some companies offer a sabbatical where employees can take several months off after a certain number of years of work.
30:26 - 33:41 (03:15)
Summary
Some companies offer a sabbatical where employees can take several months off after a certain number of years of work. Programs like Remote Year let employees take a year to work remotely while exploring different destinations.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
A conversation about a simple innovation in pants and legal documents.
33:41 - 35:43 (02:01)
Summary
A conversation about a simple innovation in pants and legal documents.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The founders of a new company wanted to create loungewear that was meant to be worn at home, rather than repurposed clothing meant for outside.
35:45 - 38:17 (02:32)
Summary
The founders of a new company wanted to create loungewear that was meant to be worn at home, rather than repurposed clothing meant for outside. This stemmed from the observation that people often wear the wrong thing when they are at home.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
The key to promoting employees is finding those who are consistent, execute well, and pick the right levers for success.
38:17 - 44:19 (06:02)
Summary
The key to promoting employees is finding those who are consistent, execute well, and pick the right levers for success. However, it's also important to encourage big thinking and taking risks to push for bigger and better outcomes, even if it means potential failure.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
Coach emphasizes the importance of details like answering the phones on time and the philosophy that "the score takes care of itself" to win championships.
44:19 - 45:58 (01:39)
Summary
Coach emphasizes the importance of details like answering the phones on time and the philosophy that "the score takes care of itself" to win championships.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
This podcast features a successful entrepreneur who made millions of dollars in profit sharing his insights on the importance of Extreme Ownership in business.
45:58 - 47:22 (01:23)
Summary
This podcast features a successful entrepreneur who made millions of dollars in profit sharing his insights on the importance of Extreme Ownership in business.
Episode#43 - Getting your team to take big risks, Turning office workers into remote, Quiet founders making big money
PodcastMy First Million
A story about the inception of CNN, the brainchild of Ted Turner and his determination to create a 24-hour news network, no matter what.
47:22 - 48:41 (01:19)
Summary
A story about the inception of CNN, the brainchild of Ted Turner and his determination to create a 24-hour news network, no matter what.