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Episode 553: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Syed Balkhi about the business ideas he would go after if he wasn’t already running WPBeginner.
Watch Syed's $0 To +$100M story here: https://www.youtube.com/watch?v=gzHdrQ5pDFo
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Show Notes:
(0:00) Intro
(3:30) Offshore bookkeeping
(6:00) Level it up with reseller and white label
(9:30) Sourcing your outsourced talent
(13:00) Barnacle on the Whale: Quickbooks plugins
(20:00) The most powerful idea of our generation
(23:30) X but open source (x= popular platform)
(28:30) Creating disproportionate value
(32:30) Flavors of capital funds
(40:30) Is $10-50M the perfect amount in the bank?
(46:30) First you own your things, then they own you
(48:30) The true cost of luxury
(53:30) Paid marketing vs. acquiring resellers
(59:00) Compounding goodwill is the best form of compounding
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Links:
• Syed Balkhi Twitter - https://twitter.com/syedbalkhi
• WPBeginner - https://www.wpbeginner.com/
• Appflowy - https://www.appflowy.io/
• Stability AI - https://stability.ai/
• Cal.com - http://cal.com/
• OSS Capital Twitter - http://tinyurl.com/ynvpmu7j
• Automattic - https://automattic.com/
• WooCommerce - https://wordpress.org/plugins/woocommerce/
• CleanShot X - https://cleanshot.com/
• GitLab - https://about.gitlab.com/
• Guy Spier - https://www.guyspier.com/
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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
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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
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
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