How Brumate Made $20M with 0 Employees, Why Carpet Cleaning is the Perfect Teenager Side Hustle, How to Do an Energy Audit, Shahid Khan is the Billy of the Week, and More

Today's episode is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Today, Sam (@thesamparr) and Shaan (@shaanvp) chat with James Altucher (@jaltucher). James is an entrepreneur, hedge fund manager, podcaster, writer and stand-up comedian. He has founded and sold companies for millions and lost his fortune over and over. He's always found a way back and today he shares all the lessons hes learned along the way. Today's topics include: (1:50) James talks about his background (6:05) James explains the companies he started and how he made his money. (19:10) James became a much better investor when he started investing alongside much smarter investors. (21:30) The challenges of selling a company. (29:14) James explain why he kept losing his fortunes and what he did to start managing his money better. (32:48) How James’ happiness fluctuated as his fortunes rose and fell. (38:35) James discusses what he does today — writing, podcasting, investing and stand-up comedy. (40:00) James discusses his investment and risk management strategy. (45:30) James tries to come up with 10 new business ideas every day — he explains his process. (51:00) How would you make money if you were 21 again?  See acast.com/privacy for privacy and opt-out information.

20 Mai 20201h 2min

** The audio recording in the episode had some stuff ups. Sam is not interrupting Randy, it's just the audio delaying in recording. Very sorry for the listening experience, will be fixed in future episodes. ** Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Sam (@thesamparr) talks to Randy Hetrick (@randyhetrick) who is the CEO of TRX training (inventor of TRX Suspension Trainer), a leading global brand in physical training and the industry leader in functional fitness. Built the company from a bootstrap start up to a high growth consumer brand with 130 employees and approximately $50M in annual revenues. Today's topic include: Why angel investors are better to receive money from than VC's (6:20), Starting a physical goods business and being omnichannel (13:08), Difference between being chairman and CEO (29:08), Why institutional MBA type CEO's suck (33:07), What industries he's interested in investing in (39:32), Sam's MMA weight cut (43:34), Navy Seal and business leadership (46:25) and Randy's angel investing, selling secondary and building his personal brand (55:33).  See acast.com/privacy for privacy and opt-out information.

16 Mai 20201h 7min

Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Sam (@thesamparr) and Shaan (@shaanvp) are back this week to chat about Second order effects of covid-19 - find here: https://docs.google.com/document/d/17YkH4kc63t7JI7JJZR6i3-iebJd7kfRAzAK_ssl8bt4/edit?usp=sharing (1:04), RV rentals / Glamping (14:21), Art collections (22:54), Billionaire of the week: Mark Leonard of Constellation Software (27:57), Balance between prudent and excitement (38:04) and Group buying unlocking discounts (43:24).  See acast.com/privacy for privacy and opt-out information.

13 Mai 202055min

Sam (@thesamparr) and Shaan (@shaanvp) shoot the shit about Airbnb's layoffs (3:21), Sam's carnivore diet & Goldbelly.com (5:52), Lambda school for technicians (14:07), Credible authority businesses like Gartner and HBR (24:31), Is buying youtube channels really a good business? (35:22) and the art of storytelling (43:41).  See acast.com/privacy for privacy and opt-out information.

8 Mai 202046min

Today we hang out with Sophia Amoruso (@sophiaamoruso), founder of Nasty Gal & Girlboss. Her story is bananas. She is a community college dropout who created a company that at its peak was valued over $400M+. She has had highs (sold over 500k copies of her book) & lows (nasty gal eventually crumbled) and we talk about both. I was pretty blown away by her honesty. She wasn't trying to make herself sound good or look good (which ironically, made her sound/look great to me). We start with some fun topics like The Bachelor & her favorite cars she's owned (2:23), About her background and businesses (4:45), The story of Nasty Gal: $30m revenue, Index putting $50M investment and her selling life changing secondary (6:44), Expectations after raising venture capital (11:31), Starting conference businesses (15:54), Being a starter vs. operator (17:16), Downsides of being the CEO (20:52), How she got her book to sell 500K copies (24:54), Her investment portfolio of startups and funds (29:17), What's in store for her in the next 10 years? (32:45), Freemium vs Subscription for content (37:13), Opportunities and trends she's seen in the media + retail space (40:06) and Sam's great book recommendation with a horrible - How to Get Rich by Felix Dennis (43:27) Today's ep is possible because of Superside! Head to www.superside.com to hire a dedicated team of designers for your project!  See acast.com/privacy for privacy and opt-out information.

6 Mai 202047min

Today's ep is possible because of Superside! Head to superside.com to hire a dedicated team of designers! Sam (@thesamparr) and Shaan (@shaanvp) are joined today by entrepreneur and owner of BPN Fitness Nick Bare (@nickbarefitness) who started a suppliment company in his dorm room and built it from $20k to over 8 figures in revenue, alongside building a big online presence with over 400K subscribers. Today they talk about what are his products (0:32), Growing a youtube channel (5:24), Content or business first? (7:34), Does he spend money on marketing? (13:19), Fitness apps crushing it (19:29), Products people in the military use (31:01), Fastest growing segments of the fitness industry (34:12), AI used in fitness apps (37:51), Monthly or annual subscription billing? (40:54), His new book "25 hours a day" (48:58), Book in a box service (52:27), Shaan's biz idea for Nick's huge office (58:39), Endurance athletes and Ironman being a huge business (1:02:43), Audio fitness apps (1:05:39) and Fitness in a post-covid world (1:07:46).  See acast.com/privacy for privacy and opt-out information.

1 Mai 20201h 9min

Sam (@thesamparr) and Shaan (@shaanvp) discuss today Kanye West's billion-dollar shoe empire (3:59), /r/FatFIRE: Retire living a lavish life (10:36), Ways to generate passive income in 48 hours (23:03), Best interview questions they've been asked (33:01), Stupid D2C gimmicks making millions a week (39:37), Engaging with haters/trolls - someone owes their friend $2m (47:17) and Xprize.org but for enterprise (57:58)  See acast.com/privacy for privacy and opt-out information.

28 Apr 20201h 7min

Today's ep is possible because of Superside! Head to superside.com to hire a dedicated team of designers! Sam (@thesamparr) and Shaan (@shaanvp) are back to talk about Burning money (0:36), Asia monetizing podcasts way better / paid news (3:23), Drudge report getting 1.1 billion visits a month?! (11:28), Neil Patel and where most enterprise revenue coming from maintenance (20:59), Book a YC team (29:17), Remote.com raising $11M seed (33:19), Attrition projection/modelling (37:52) and Yishan Wong solving climate change (41:08).  See acast.com/privacy for privacy and opt-out information.

25 Apr 202048min