3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith artwork

3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith

My First Million

March 10, 2022

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) are joined by Steph Smith (@StephSmithIO) to discuss why you shouldn't think beyond step 1 when starting a business, how to identify 10X productivity employees, and how to automatically generate side-hustle ideas.
Speakers: Sam Parr, Steph Smith, Shaan Puri
**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's podcast network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Steph Smith** (1:09)
Okay, first thing, super quick. So have you guys heard of this Twitter account? It's called New York Times First Said. You heard of it?

**Sam Parr** (1:17)
No.

**Steph Smith** (1:18)
Okay, so it's kind of just like this fun little Twitter account where they track all of the articles being published by the New York Times, and then they find words that are published for the first time. And it's just kind of like a fun thing, because I'll send you guys this, or I'll post it in the doc.
This is a link to a couple of the ones that they published. So like dead ass, for example, was a word like first found in the New York Times, March 2019, doom scrolling, May 2020, tech bro, apparently it was January 2022 Like that surprises me.
So this is just kind of like a fun thing, but I was thinking that this should exist for jobs. So on Indeed or Glassdoor or something, there's a really, really quick transition period these days between like just completely new jobs coming to market. And I think there should be an account that tracks these. Like, oh, this is the first time I've seen like, I don't know where I saw this, but there's like professional falconer. Like what, who does that? How much do they get paid? I don't know, but I'm surprised to know it exists. And I'm sure there's many more practical jobs out there that are coming to market that people should know about. And so someone should just create the equivalent of this instead of the New York Times, it should be for Indeed.

**Shaan Puri** (2:30)
How do they do this?
How do they track this? How do they track every word and check if it's ever been said before?

**Steph Smith** (2:35)
I think it's just a scraper. I mean, I don't know exactly how they set it up, but I don't think it would actually be that hard to do.

**Shaan Puri** (2:41)
And by the way, this has 200,000 followers. So for that person out there who's just been grinding, trying to put out great content and has like 3,000 followers, just know you could have been tweeting out like single word things from the New York Times and gotten 200,000 followers.

**Sam Parr** (2:54)
I actually think that's a great idea. Have you guys seen the, remember how we talked about this kid that was tracking Elon Musk's private jet on Twitter?
Now he's tracking all the private jets and private yachts of all the Russian oligarchs. Great pivot.

**Shaan Puri** (3:08)
Shout out to you, kid, great pivot, man.

**Steph Smith** (3:13)
Also, Elon offered him $5,000 and he turned it down. He's like, no, I'm gonna keep doing my thing. But both of his accounts have a lot of followers.

**Shaan Puri** (3:20)
He offered him five grand for what?

**Steph Smith** (3:21)
Elon jet.

**Shaan Puri** (3:22)
Stop tracking him?

**Sam Parr** (3:22)
Yeah.

**Steph Smith** (3:23)
Yeah, because Elon was like, I don't want people to know where I am.

**Sam Parr** (3:26)
What a stupid thing. If you're gonna come and offer someone money, do it right.
$5,000.

**Shaan Puri** (3:32)
You best not miss Elon. That's how you should have replied.

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