Show notes
Episode 571: Sam Parr (https://twitter.com/theSamParr) talks to Jason Lemkin (https://twitter.com/jasonlk ) talk about the 7 rules of building a $100M business.Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5—Show Notes:(0:00) Jason Lemkin’s first million(4:19) The rules of getting to a 9-figure exit(5:32) Rule 1: New minimum is $400K per employee(7:58) Rule 2: Go multi-product(9:40) Rule 3: Your second product must be bigger than your first product(11:05) Cheat code: Double your prices(13:48) Rule 4: 30% of your revenue is international(15:43) Rule 5: Localize your product(19:05) Cheat code: Remove friction(22:42) Rule 6: 100% net revenue retention(29:01) Business models that won’t get you there(33:38) $100M conferences(39:35) Rule 7: Don’t raise double digit millions—Links:• Saastr - https://www.saastr.com/• HLTH - https://www.hlth.com/—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—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/SupportShepherdMy First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
