Young and Profiting with Hala Taha
Business:Entrepreneurship
When Vishen Lakhiani moved to New York City, he was making $7,500 a month at a company with a difficult, problematic, and even racist culture. After creating multiple streams of passive income and taking baby steps toward his goal of running his own meditation business, he was able to quit his job and eventually scale his company, Mindvalley, to nine figures. Vishen’s story is one of many entrepreneurial success stories we’ve heard on Young and Profiting Podcast, and in this episode, you’ll learn about the fundamentals of starting a business from these successes.
Featured in this episode are Vishen Lakhiani, founder and CEO of Mindvalley; Nick Loper, founder of the popular blog and podcast, Side Hustle Nation; Josh Kaufman, author of The Personal MBA; and Alex Hormozi, founder of Acquisition.com and bestselling author of $100M Offers: How To Make Offers So Good People Feel Stupid Saying No.
In this episode, Hala and various guests will discuss:
- Calculating your minimal livable income (MLI)
- Do what you love, what you’re good at, and what will make you money
- Don’t quit your day job until you can afford to
- Generating passive income
- Testing your business idea
- Today’s most profitable side hustles
- Finding a viable market
- Five parts of every business
- You can make more money by serving a different audience
- Why you shouldn’t focus entirely on generating revenue when you’re first starting out
- And other topics…
Resources Mentioned:
- Vishen Lakhiani: The Law of Attraction is Bunk! The Truth about Intuition and Manifesting for High Performers | E201: https://podcasts.apple.com/us/podcast/vishen-lakhiani-the-law-of-attraction-is-bunk/id1368888880?i=1000590605986
- Nick Loper: The Art of Side Hustles | E10: https://podcasts.apple.com/us/podcast/nick-loper-the-art-of-side-hustles-e10/id1368888880?i=1000423665576
- Josh Kaufman: Launching a Business or Side Hustle | E106: https://podcasts.apple.com/us/podcast/josh-kaufman-launching-a-business-or-side-hustle-e106/id1368888880?i=1000512998935
- Alex Hormozi: The Value Equation, How to Make Offers So Good People Feel Stupid Saying No | E199: https://podcasts.apple.com/us/podcast/alex-hormozi-the-value-equation-how-to-make-offers-so/id1368888880?i=1000588801031
- Josh Kaufman’s Book, The Personal MBA: https://personalmba.com/
- Napoleon Hill’s Book, Think and Grow Rich: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331
Sponsored By:
Shopify - Sign up for a free trial at shopify.com/profiting
The Jordan Harbinger Show - Check out jordanharbinger.com/start for some episode recommendations
More About Young and Profiting
Download Transcripts - youngandprofiting.com
Get Sponsorship Deals - youngandprofiting.com/sponsorships
Leave a Review - ratethispodcast.com/yap
Watch Videos - youtube.com/c/YoungandProfiting
Follow Hala Taha
LinkedIn - linkedin.com/in/htaha/
Instagram - instagram.com/yapwithhala/
TikTok - tiktok.com/@yapwithhala
Twitter - twitter.com/yapwithhala
Learn more about YAP Media Agency Services - yapmedia.io/
Join Hala's LinkedIn Masterclass - yapmedia.io/course
Joey Zwillinger, Allbirds Co-founder: How We Earned 7 Figures in Our First 30 Days With 0 Marketing Spend | E255
Jen Gottlieb: Stand Out and Be Seen, How to Build A Personal Brand From Scratch | E254
Karissa Bodnar, Thrive Causemetics Founder: Entrepreneurship Gave Me The Freedom To Donate $150M in Value to Over 500 Charities | E253
Harley Finkelstein: We Are Living in the Next Renaissance, How The Next Wave of Entrepreneurs Will Change the World as We Know It | E252
YAPClassic: Chris Voss on Advanced Negotiation, The Secret to Gaining Influence and Winning Negotiations
Jaspreet Singh: The Middle-Class Curse, Why 50% Of Americans Earning 6 Figures Still Live Paycheck to Paycheck | E251
Hala Taha: Your Secret Weapon, How Leveraging LinkedIn Can Grow Your Brand and Generate Leads | The Goal Digger
Gary Brecka: I Can Predict How Long You Have Left to Live! 10X Your Health With These 3 No-Cost Bio Hacks | E250
YAPClassic: Brad Stulberg on Emotional Intelligence for Entrepreneurs, How to Stay Grounded and Present
Rachel Rodgers: Million Dollar Decisions, Why We Should All Be Millionaires and How You Can Become One | E249
Hortense le Gentil: The Unlocked Leader, How to Connect With Your Employees and Unlearn Entrepreneurial Mindtraps | E248
Arthur Brooks: The Science of Happiness, How to Build the Life You Want | E247
YAPClassic: Joel Brown on Thinking Like a Millionaire, How to Cultivate a Mindset of Success
Anne Wojcicki: How 23andMe is Disrupting the Healthcare Industry | E246
YAPClassic: Jonah Berger on How to Change Anyone’s Mind
Tori Dunlap: Unlocking Financial Freedom, the REAL Cause of Money Problems and How to Defeat Them for Good | E245
Business Finance Masterclass: This Cash Management System Increases Profits For Every Small Business Owner!!
Amy Porterfield: How I Quit My Job and Built a Multi-Million Dollar Business Online, My Step-By-Step Blueprint | E244
William Cohan: The Rise and Fall of America’s Most Iconic Company, General Electric | E243
Jenna Kutcher: Redefining Success, Finding Rest in a Hustle Culture, and Building a Business That ACTUALLY Fulfills You | E242
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Innovation in Compliance with Tom Fox
Kate’s Take
The Shameless Mom Academy: Motherhood, Motivation, and Mindset Tips for Busy Moms
HORSES IN THE MORNING
Wise Traditions