Episode 571: Sam Parr (https://twitter.com/theSamParr) talks to Jason Lemkin (https://twitter.com/jasonlk ) talk about the 7 rules of building a $100M business.
Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5
—
Show Notes:
(0:00) Jason Lemkin’s first million
(4:19) The rules of getting to a 9-figure exit
(5:32) Rule 1: New minimum is $400K per employee
(7:58) Rule 2: Go multi-product
(9:40) Rule 3: Your second product must be bigger than your first product
(11:05) Cheat code: Double your prices
(13:48) Rule 4: 30% of your revenue is international
(15:43) Rule 5: Localize your product
(19:05) Cheat code: Remove friction
(22:42) Rule 6: 100% net revenue retention
(29:01) Business models that won’t get you there
(33:38) $100M conferences
(39:35) Rule 7: Don’t raise double digit millions
—
Links:
• Saastr - https://www.saastr.com/
• HLTH - https://www.hlth.com/
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
—
Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
The GameStop Guy Has Returned… (And Has A New $210M Bet)
25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
This $50M/Yr Side Hustle Is On Track To Make $1 Billion By 2030
He Turned $300/mo Into $3,750,000/mo From GARDENING
How This Ex-Navy SEAL Turned A Book Into A $1M+ Empire - Jack Carr
How To Master Storytelling
How Gary Vee Predicts The Next Facebook (Every Time)
A Masterclass On Hiring A CEO To Run Your Company ft. Andrew Wilkinson
Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett
The 5 Most Interesting Businessmen Alive...
Shaan Tells All: Shepherd Sells For $52M, Paper Gains, Plus Why B2B Influencers Are Coming
This Gas Station Pizza Business Makes $540M/Yr?!
The Announcement You've Been Waiting For...
CEOs Pay Him $10,000 Per Appointment?!
Scott Galloway: Do This In Your 20s To Make Millions In Your 30s
The Formula To Break 100 Million Views On Shorts (ft/ Jenny Hoyos)
The AI App Doing $6M With 1 Employee
From PayPal Intern to Starting 4x Billion-Dollar Companies - Joe Lonsdale Interview
The Wild Story Of ‘Mr. Tull’ - From Laundromats To $3.5B Hollywood Production Company
Tim Ferriss Opens Up: What I Do In A Day, Unfair Advantages & The "Barbell Strategy"
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show