Episode
#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
1:08:43
Published: Fri Jul 23 2021
Description
In this two-part episode, Sam (@theSamParr) and Shaan (@ShaanVP) start off with ideas on building brands around pop culture, discuss the drama around the private space race, and talk about a few business-in-a-box concepts. In the second part they interview Andrew Gazdecki (@agazdecki) from MicroAcquire. They talk about how Andrew raised $3.5M this week, discuss MicroAcquire's role as a market network, and successful niches to build in. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (:49) Intro * (2:41) Building brands around pop culture * (10:59) The private race into space * (21:48) Bill's lemonade stand * (24:57) Service based businesses-in-a-box * (30:34) Meet Andrew Gazdecki * (34:17) The buy & build MBA - Soldstock.io * (37:19) Market networks * (40:04) Andrew's first company * (47:30) What Andrew did after selling his first company * (59:05) Successful niches to build in
Chapters
Increase your productivity and automate mundane tasks with business automation tools like contact management, deal tracking and team collaboration.
00:00 - 02:01 (02:01)
Summary
Increase your productivity and automate mundane tasks with business automation tools like contact management, deal tracking and team collaboration.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The concept of taking intellectual property or brands from TV and movies and licensing them has become a popular and lucrative business model.
02:01 - 05:02 (03:00)
Summary
The concept of taking intellectual property or brands from TV and movies and licensing them has become a popular and lucrative business model. Companies can create products under these brands, such as the Bubba Gump Shrimp Company from the movie Forrest Gump, which grossed over $700 million at the box office.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
A distant cousin of the co-creator of The Office discusses how the show inspired him to start a real-life paper company similar to Dunder Mifflin.
05:02 - 07:09 (02:07)
Summary
A distant cousin of the co-creator of The Office discusses how the show inspired him to start a real-life paper company similar to Dunder Mifflin.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
A discussion on how defunct brands can potentially be repurposed for innovative products, including using the Willy Wonka brand for chocolates and candies, and franchising the Mad Men brand for an ad agency.
07:09 - 11:07 (03:58)
Summary
A discussion on how defunct brands can potentially be repurposed for innovative products, including using the Willy Wonka brand for chocolates and candies, and franchising the Mad Men brand for an ad agency.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
Alex makes a critique on the motives of billionaires funding space exploration, stating that they are looking for recognition and paving the way for potential future investments rather than investing in the current progress of space exploration.
11:07 - 17:19 (06:11)
Summary
Alex makes a critique on the motives of billionaires funding space exploration, stating that they are looking for recognition and paving the way for potential future investments rather than investing in the current progress of space exploration.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The speaker expresses their dislike for the culture of hate and criticism pervasive in social media, particularly around successful figures like Elon Musk and Jeff Bezos.
17:19 - 20:11 (02:52)
Summary
The speaker expresses their dislike for the culture of hate and criticism pervasive in social media, particularly around successful figures like Elon Musk and Jeff Bezos. They explain why they believe this culture is weak and spineless, and offer their thoughts on why things may not work out as some expect for these individuals.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The transcript discusses the idea of starting a lemonade stand as a business, using Elon Musk's frugal lifestyle as an example.
20:11 - 23:32 (03:21)
Summary
The transcript discusses the idea of starting a lemonade stand as a business, using Elon Musk's frugal lifestyle as an example. The speakers discuss the ease and potential profitability of starting a lemonade stand as a small business venture.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The idea of selling a business in a box service is discussed, specifically targeting the photography industry or any other type of high skill service.
23:33 - 27:50 (04:16)
Summary
The idea of selling a business in a box service is discussed, specifically targeting the photography industry or any other type of high skill service. Providing local service providers with a complete setup to offer services to customers in their area.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The podcast discusses a startup idea involving a drone to deliver products to customers with other services making millions in revenue.
27:50 - 31:30 (03:39)
Summary
The podcast discusses a startup idea involving a drone to deliver products to customers with other services making millions in revenue. An ad for the Side Hustle Pro podcast is given in the middle.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The use of a document called a “due diligence package” is becoming more common in startup investing.
31:30 - 36:56 (05:25)
Summary
The use of a document called a “due diligence package” is becoming more common in startup investing. This document provides investors with basic information about a company, similar to a cake mix recipe that just requires water to be added.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
Angelus is a marketplace connecting startups and investors with their stock agreements for investors.
36:56 - 41:47 (04:50)
Summary
Angelus is a marketplace connecting startups and investors with their stock agreements for investors. It works based on a network system connecting complex investors with one another.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The speaker shares his experience of hiring and managing a team of 20 engineers in China, which led to a successful 30 million dollar offer.
41:47 - 45:17 (03:30)
Summary
The speaker shares his experience of hiring and managing a team of 20 engineers in China, which led to a successful 30 million dollar offer. He emphasizes the importance of treating employees well, even when outsourcing.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The number one way to sell a business is to focus on executing and having a good business.
45:17 - 49:36 (04:18)
Summary
The number one way to sell a business is to focus on executing and having a good business. It is important to leverage any applicable tax benefits when selling and prepare for a quick transition.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The guest talks about overcoming addiction and using the lessons learnt from that to start a successful business.
49:36 - 54:41 (05:04)
Summary
The guest talks about overcoming addiction and using the lessons learnt from that to start a successful business.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
Going for boring investments allows individuals and companies to focus on what they are really good at and achieve long-term financial success with large returns on investments.
54:41 - 1:03:34 (08:53)
Summary
Going for boring investments allows individuals and companies to focus on what they are really good at and achieve long-term financial success with large returns on investments. This can lead to many successful companies and just a handful of winners in the market.
Episode#203 - Why Dunder Mifflin Should Be a Real Paper Company & An Inside Look Into MicroAcquire With Andrew Gazdecki
PodcastMy First Million
The speaker talks about MicroRequire as a sales tool, where through this platform, people can click on a button and start a video chat with the seller, making it a great tool for sales teams and support teams.
1:03:34 - 1:07:27 (03:53)
Summary
The speaker talks about MicroRequire as a sales tool, where through this platform, people can click on a button and start a video chat with the seller, making it a great tool for sales teams and support teams.