How to Start a Business in One Weekend, with Noah Kagan

Published: Jan. 31, 2024, 10:01 p.m.

#485: If you\u2019ve ever thought: "I\u2019d love a business BUT \u2026\u201d\n\nI don\u2019t have TIME\n\nI don\u2019t have MONEY\n\nI don\u2019t have IDEAS\n\nI have TOO MANY ideas and I don't know where to start\n\nI'm not technical\n\nI'm not creative or artistic\n\nI'm not good at sales\n\n\nYou're not alone. Countless people don't start businesses or side hustles for these reasons.\nAnd they're losing thousands -- perhaps millions -- in opportunity cost.\nHow much could you make if you started a side hustle that eventually scaled into a business? Possibly millions. Today's guest, Noah Kagan, is living proof.\nNoah was employee #30 at Facebook. His stock options, if fully vested, would be worth over $1 billion today.\n(If you want to do the math -- his stock options came to 0.1 percent of the company, which has a current market cap of $1 trillion.)\nBut Noah was fired just a couple months before his stock options vested. So rather than getting a billion-dollar payout, he got nothing.\nHe sank into a deep depression, eventually recovering with the help of a therapist who counseled him on how to reframe the experience.\nThen he rolled up his sleeves and got to work. He became a serial entrepreneur, building multiple businesses. His most successful venture now makes $80 million in gross revenue, and his personal take-home is $3.3 million per year (which comes from a $200,000 annual salary and $3.1 million profit distribution.) His net worth is $36 million.\nNot a billion, but still not too shabby.\nNoah recently wrote a book called "Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours."\nHe sits down with us (in person!) to share:\n-- how to find business ideas\n-- how to overcome objections and rejections\n-- how to scale\nBy the end of the episode, the common objections that you often hear -- like "I don't have time/money/ideas" -- will be quashed.\nPlease enjoy!\n\nFor more information, visit the show notes at https://affordanything.com/episode485\nLearn more about your ad choices. Visit podcastchoices.com/adchoices