Episode
#216 - Why Today Is the Day to Ask For a Raise
1:05:21
Published: Fri Sep 03 2021
Description
In this episode Shaan (@ShaanVP) shares why you should ask for that raise and Sam (@theSamParr) pokes holes in the $75K happiness study. They also debate whether it is better to own the entirety of a smaller company or a piece of a bigger one. The two also talk about MMA fights and how you can package that appeal, the future of maps, and a fractional vacation home company. Sam also shares the story around Wayne Huizenga, this week's Billy of the Week. --------- * 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: * (1:48) Spending time in the Hamptons * (3:11) The Jake Paul fight * (6:59) The local MMA fight * (11:00) Chasing the sensation of feeling alive * (15:06) The $75K happiness study * (19:50) How Shaan got insights on his teams wellbeing * (24:08) The future of maps * (34:10) Billy of the Week: Wayne Huizenga * (44:48) Pacasso for your next vacation home * (49:48) To own all of a small company or a piece of a big one * (59:40) Ask for a raise today
Chapters
Learn about how a CRM can automate tasks, centralize data, and improve customer service for your business.
00:00 - 02:36 (02:36)
Summary
Learn about how a CRM can automate tasks, centralize data, and improve customer service for your business.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
YouTuber turned boxer could sell a million pay-per-view buys and boost brand recognition.
02:36 - 05:28 (02:51)
Summary
YouTuber turned boxer could sell a million pay-per-view buys and boost brand recognition.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The energy of the TV crowd in Cleveland during a wrestling match was compared to that of watching a UFC fight, describing the event as a nighttime fight club.
05:28 - 07:43 (02:15)
Summary
The energy of the TV crowd in Cleveland during a wrestling match was compared to that of watching a UFC fight, describing the event as a nighttime fight club. Despite the fact that the spectators were performing regular jobs during the day, they were fully engaged in the event, with some even yelling to "kill them" as they watched the match.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The speaker shares his experience at a UFC event and suggests that those interested in networking attend local shows and mention ahead of time that they're new.
07:43 - 11:23 (03:39)
Summary
The speaker shares his experience at a UFC event and suggests that those interested in networking attend local shows and mention ahead of time that they're new. He also relates the stress of podcasting to the experience of getting his ass kicked during a UFC fight.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The speaker suggests building things in VR that make people feel a little bit afraid, a little bit scared, and a little bit alive instead of just having a VR fantasy land.
11:23 - 17:40 (06:17)
Summary
The speaker suggests building things in VR that make people feel a little bit afraid, a little bit scared, and a little bit alive instead of just having a VR fantasy land. Taking risks can lead to growth and development, not just personally but also in businesses.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The importance of prioritizing employee satisfaction in startups is discussed in this episode, highlighting the benefits of checking in with employees on a daily basis to gauge their morale and promoting a healthy office culture.
17:40 - 20:32 (02:51)
Summary
The importance of prioritizing employee satisfaction in startups is discussed in this episode, highlighting the benefits of checking in with employees on a daily basis to gauge their morale and promoting a healthy office culture.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The podcast discusses the varying ways that people self-assess their level of happiness and well-being, noting that everyone's range is different.
20:32 - 23:19 (02:47)
Summary
The podcast discusses the varying ways that people self-assess their level of happiness and well-being, noting that everyone's range is different.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
Government and Fortune 500 companies rely on well-known and established insurance companies to cover their liabilities when building new infrastructure.
23:19 - 26:22 (03:02)
Summary
Government and Fortune 500 companies rely on well-known and established insurance companies to cover their liabilities when building new infrastructure. This provides a sense of security and peace of mind for the company in case something goes wrong.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The podcast host discusses a startup founded by Jack that allows consumers to contribute to mapping wildfires for prevention.
26:22 - 29:45 (03:22)
Summary
The podcast host discusses a startup founded by Jack that allows consumers to contribute to mapping wildfires for prevention. The company is compared to Google Maps and Waze.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
A company was able to generate returns by betting on the futures of corn crop yields because they had their own balance sheet and they showed that their strategy worked.
29:45 - 33:25 (03:40)
Summary
A company was able to generate returns by betting on the futures of corn crop yields because they had their own balance sheet and they showed that their strategy worked. They use data from satellite imagery to predict changes and now have a lot more customers in the agriculture industry.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
Entrepreneur Wayne Huizenga started with a single truck and built a waste management and hotel empire with 700 motels under his brand, realizing the potential in buying out small players.
33:26 - 37:56 (04:30)
Summary
Entrepreneur Wayne Huizenga started with a single truck and built a waste management and hotel empire with 700 motels under his brand, realizing the potential in buying out small players.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The hosts discuss the entrepreneurial spirit of Bradley Jacobs and Michael Rubin despite their Wall Street appearance.
37:56 - 44:35 (06:38)
Summary
The hosts discuss the entrepreneurial spirit of Bradley Jacobs and Michael Rubin despite their Wall Street appearance. Jacobs has bought and aggregated local media companies to create a giant brand while Rubin invests in companies but still maintains his innovative spirit.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
Homeowners in Napa are protesting against timeshare rentals in their neighborhood due to concerns of sleaziness and unwanted visitors.
44:35 - 48:15 (03:40)
Summary
Homeowners in Napa are protesting against timeshare rentals in their neighborhood due to concerns of sleaziness and unwanted visitors.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
Keith Rabois of Founders Fund explains the importance of not overfunding your startup and being able to sell for a profit even with a smaller amount of funding.
48:15 - 52:15 (03:59)
Summary
Keith Rabois of Founders Fund explains the importance of not overfunding your startup and being able to sell for a profit even with a smaller amount of funding.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The speaker explains that his friend convinced him to start his own startup by comparing it to playing poker and making it his obsession.
52:15 - 55:32 (03:16)
Summary
The speaker explains that his friend convinced him to start his own startup by comparing it to playing poker and making it his obsession.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The podcast hosts discuss the advice given to startups by Mark and Dreeson, who have suggested to simply charge more.
55:32 - 59:20 (03:47)
Summary
The podcast hosts discuss the advice given to startups by Mark and Dreeson, who have suggested to simply charge more. They also ponder the success of young entrepreneurs who have started million-dollar companies while still in college.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The transcript explores the relationship between business strategies and human effort, specifically in regards to pricing.
59:20 - 1:02:50 (03:29)
Summary
The transcript explores the relationship between business strategies and human effort, specifically in regards to pricing. It discusses the potential consequences of raising prices and the factors that business owners must take into consideration.
Episode#216 - Why Today Is the Day to Ask For a Raise
PodcastMy First Million
The importance of having difficult conversations with your coworkers and how it can lead to a better work environment.
1:02:50 - 1:04:05 (01:15)
Summary
The importance of having difficult conversations with your coworkers and how it can lead to a better work environment. It’s important to know that even if it hurts in the moment, it’s a good conversation to have and can improve the way things are currently going.