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Starting A Business in 2023 | YAPSnacks | Part 1

Young and Profiting with Hala Taha13 de enero de 20232454
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Descripción del Episodio

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

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