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My First MillionMy First Million

11 Business Lessons I Learned From History Biographies (#478)

Episode 478: Sam Parr shares 3 non-obvious books that have helped him become a better entrepreneur and the major takeaways from each that anyone can implement today.

Shaan Purihost
Jul 25, 202320mWatch on YouTube

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At a glance

WHAT IT’S REALLY ABOUT

Shaan Puri Extracts Business Lessons From Lewis and Clark, SEAL Team Six, Rockefeller

  1. Shaan Puri says he stopped reading business books and prefers adventure and history stories, which make his daily business work feel easier by comparison.
  2. From Undaunted Courage, about Lewis and Clark, he draws lessons on strict discipline and punishment, finding your personal product market fit, and tailoring leadership to each person's motivations.
  3. From The Operator, about the SEAL Team Six mission against Bin Laden, he takes courage in the face of fear and the idea of commander's intent: plan thoroughly, but anchor on the desired outcome when the plan fails.
  4. From Titan, the Rockefeller biography, he learns the value of leverage through other people, hiring for people skills, mastering a skill early, listening more than talking, and being both kind and ruthless.

IDEAS WORTH REMEMBERING

5 ideas

Discipline requires visible consequences

Puri argues tech culture is too nice and forgiving. He cites Lewis having a man whipped 500 times for climbing the fort fence, plus The Bear's strict restaurant, as examples of how clear rules set standards, and says firing people is sometimes necessary.

Find your personal product market fit

Puri points to Lewis's 31st-birthday reflection that he had wasted time and done little. He treats it as inspiration to find the work that suits you, just as a company must find product market fit.

Lead each person according to what motivates them

Puri says he once treated people like interchangeable robots. Lewis's feel for when to push, encourage, joke, or be tough taught him to work out each person's motivators.

Commander's intent anchors you when plans fail

The SEAL team rehearsed in detail, yet the helicopter crashed and the plan fell apart. Puri says a clearly stated desired outcome lets you decide what to do next, as his goal of a set amount of money by age 30 helped him say no to things.

Compared with life-or-death stakes, business fears shrink

Puri says the SEALs believed they might not return, which makes his fears of tweeting, starting a business, or making a phone call feel small.

WORDS WORTH SAVING

5 quotes

I actually don't read business books. I haven't read a business book in like five years. They bore me.

— Shaan Puri

You can be kind and vicious in business. They're not opposites.

— Shaan Puri

I used to think being a generalist was good. Not anymore.

— Shaan Puri

So a big takeaway from this book is you have to have punishment in order to create discipline.

— Shaan Puri

The reason you plan, even though you know the plan's gonna go to shit, the reason you plan is because, A, when something does go to shit, you have something to fall back on

— Shaan Puri

Read the available transcript
Lewis and Clark expeditionDiscipline and punishment in leadershipPersonal product market fitSEAL Team Six and commander's intentRockefeller and Standard OilLeverage versus solo businessesListening and complimenting before correcting

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SPEAKERS

  • Shaan Puri

    host

    Entrepreneur and co-host of the My First Million podcast.

High quality AI-generated summary created from speaker-labeled transcript.

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