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My First MillionMy First Million

Asking A Billionaire Investor How To Prepare For The Economic Collapse (#371)

Episode 371: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to billionaire investor, Andrew Wilkinson (@awilkinson), about winterizing your business and finances, taking random lunches, and why renting is better than buying.

Sam ParrhostAndrew Wilkinsonguest
Oct 6, 20221h 23mWatch on YouTube

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Episode Details

EPISODE INFO

Released
October 6, 2022
Duration
1h 23m
Channel
My First Million
Watch on YouTube
▶ Open ↗

EPISODE DESCRIPTION

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Episode 371: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to billionaire investor, Andrew Wilkinson (@awilkinson), about winterizing your business and finances, taking random lunches, and why renting is better than buying. — Check Out Shaan's Stuff:

  • Shaan's weekly email - https://www.shaanpuri.com
  • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.

— Check Out Sam's Stuff:

💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch ----- Links:

📧: Sign up for The Hustle Daily Newsletter: https://mfmpod.link/5c1 🎙️: Download Our Podcast: https://link.chtbl.com/XM6-V1eh A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us ------ Show Notes: (00:00) - Intro (09:35) - Stress testing your business for the recession (16:25) - Andrew's Portfolio (30:51) - Meeting someone belly to belly and Shaan's folder of sayings (34:11) - Why to write a book (40:16) - The value (or lack thereof) of taking random lunches (54:50) - DealMaker (01:03:00) - How to get the maximum salary (01:07:51) - How to lock down for economic winter ----- For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads #shorts #youtubeshorts Like || Share || Subscribe

SPEAKERS

  • Sam Parr

    host

    Co-host of My First Million and entrepreneur who sold The Hustle to HubSpot.

  • Andrew Wilkinson

    guest

    Investor and operator; co-founder of Tiny (a holding company) and builder of multiple cash-flowing businesses.

EPISODE SUMMARY

In this episode of My First Million, featuring Sam Parr and Andrew Wilkinson, Asking A Billionaire Investor How To Prepare For The Economic Collapse (#371) explores Andrew Wilkinson’s recession playbook: stress-test, hold cash, buy businesses later Andrew Wilkinson explains how he prepares for “economic winter” by stress-testing revenue and cashflow scenarios and prioritizing liquidity and certainty over aggressive risk-taking.

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