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
Crumbl Cookie Making $1B/ Year, AI In Sports, and Underutilized Assets Create Businesses
The Boys React: Facebook Stock Surges, Jack Butcher's NFT Makes Millions & Moonwalker Shoes
The Super Bowl Special
Shaan's Apology To MrBeast, The Answer to 'What Startup Should I Start?', and Steven Bartlett Explained
The Boys React: Tech Layoffs, IG Founder Starts A New Company & More Tech News
How To Grow A Small Agency Into A Billion Dollar Company, Shaan's $15M Miss, And More
Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
How Suleman Ali Made His First Million - From the Archive
WHOOP Founder Will Ahmed: How I Built A $3.6 BILLION Company
Rapid Fire Business Ideas, How to Buy a Public Company, and Mastering Your LinkedIn Profile
The Boys React to the News: The New Theranos Scam, Crypto Rally, and Gas App Sells to Discord
Creators Who Have Made $50M+, Multi-Million Car Businesses, and Sam Altman
Business of Trend Forecasting, Pickleball, And The Lucrative Virtual Gaming World
Miracle Drugs, Sam's Secret Strategies, Good Storytelling, and More
MFM Mini-Camp, Lessons from Selling a Company, and Storytelling Wins
The Guy Mafia, Agency Affiliates, Mini Katanas, and More
Announcing This Year's Episode of the Year: Camp MFM Recap
Top 5 Interviews of 2022
The Annual Milly Awards: The Winners, The Losers And Everything In Between - With Andrew Wilkinson
TikTokers Making TV Shows For $5,000 With Millions Of Views, and Other Ways To Make $ Online
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