Episode
#56 - The Recession Proof Skill Sets
40:18
Published: Sun Mar 15 2020
Description
Sam (@thesamparr) is by himself today without Shaan (@shaanvp) to tell you about what he thinks are 4 essential skill sets that will withstand a recession. Questions about any of these? Ask the hosts directly on www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
The speaker discusses the four skill sets he developed throughout his years of entrepreneurship that he believes are recession-proof: product-building, audience building, gap-finding, and being an effective communicator.
00:00 - 02:09 (02:09)
Summary
The speaker discusses the four skill sets he developed throughout his years of entrepreneurship that he believes are recession-proof: product-building, audience building, gap-finding, and being an effective communicator.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
This podcast episode discusses how childhood experiences can heavily influence the way adults react to various situations, including those in leadership roles in large companies such as WeWork, Uber, and Instacart.
02:09 - 08:47 (06:38)
Summary
This podcast episode discusses how childhood experiences can heavily influence the way adults react to various situations, including those in leadership roles in large companies such as WeWork, Uber, and Instacart.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
The host shares an exercise that involves thinking about past traumas and learning how to protect oneself from negative consequences when embarking on a new venture, like starting a business.
08:47 - 14:22 (05:34)
Summary
The host shares an exercise that involves thinking about past traumas and learning how to protect oneself from negative consequences when embarking on a new venture, like starting a business.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
Drinking a gallon of water a day increases the probability of muscle growth by 30% more than if you didn't drink water.
14:22 - 20:05 (05:43)
Summary
Drinking a gallon of water a day increases the probability of muscle growth by 30% more than if you didn't drink water. Copywriting helps to sell the idea of drinking water to people and promote the health benefits of it.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
The art of copywriting is essential to sales, and one of the best ways to learn it is through studying successful sales letters.
20:05 - 22:53 (02:47)
Summary
The art of copywriting is essential to sales, and one of the best ways to learn it is through studying successful sales letters. By obtaining and analyzing the top 100 sales letters, individuals can improve their own copywriting skills.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
Starting a business may require different skill sets than it takes to manage one, and the process in itself can seem irrational.
22:53 - 27:24 (04:31)
Summary
Starting a business may require different skill sets than it takes to manage one, and the process in itself can seem irrational. This gap between starting and managing a business exists for many entrepreneurs.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
The speaker discusses the benefits of having a right hand man/woman to assist and manage tasks that may not be one's strengths, and how this can lead to success in business and startups.
27:24 - 30:38 (03:14)
Summary
The speaker discusses the benefits of having a right hand man/woman to assist and manage tasks that may not be one's strengths, and how this can lead to success in business and startups.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
This episode explores the lessons from "Good to Great" and how they can be applied to successful teams and individuals.
30:38 - 33:18 (02:40)
Summary
This episode explores the lessons from "Good to Great" and how they can be applied to successful teams and individuals. It also discusses the role of a right-hand person in a company's success.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
The rule of reciprocity is the concept of giving something to someone else with the expectation that they will, in turn, give something back to you.
33:18 - 37:43 (04:25)
Summary
The rule of reciprocity is the concept of giving something to someone else with the expectation that they will, in turn, give something back to you. This technique can be used to persuade people to make larger commitments than they otherwise would have, by starting with a small request first.
Episode#56 - The Recession Proof Skill Sets
PodcastMy First Million
In this podcast episode, the host recommends the book Influence by Robert Cialdini as a great source to learn about the impact of small things in life that can affect people profoundly.
37:43 - 40:27 (02:44)
Summary
In this podcast episode, the host recommends the book Influence by Robert Cialdini as a great source to learn about the impact of small things in life that can affect people profoundly.