028: 6 Keys to Building a $40M Business (Live Mastermind)

This week, the Billion Dollar Creator podcast is thrilled to host an exceptional lineup featuring Nick Huber, Matt Schnuck, Sieva Kozinsky, Xavier Helgesen, and Kurtis Lin.They join Nathan for a captivating discussion on how to pick the right market, what we can learn from our failures, and whether the classic advice to "follow your passion" always rings true in the business world.Set against the breathtaking backdrop of Cabo, these esteemed entrepreneurs share their journeys, insights, and invaluable advice for those looking to build successful ventures.If you enjoyed this episode, please like and subscribe, share it with your friends, and leave us a review. We read every single one.Know more about Billion Dollar Creator: https://www.billiondollarcreator.com/Follow Nathan:Instagram: https://www.instagram.com/nathanbarry/LinkedIn: https://www.linkedin.com/in/nathanbarry/Twitter: https://twitter.com/nathanbarryWebsite: https://nathanbarry.com/Follow Nick:LinkedIn: https://www.linkedin.com/in/sweatystartup/Twitter: https://twitter.com/sweatystartupInstagram: https://instagram.com/sweatystartupFollow Matt:LinkedIn: https://www.linkedin.com/in/mattschnuck/Twitter: https://twitter.com/mattschnuckInstagram: https://www.instagram.com/mattschnuckFollow Sieva:LinkedIn: https://www.linkedin.com/in/skozinsky/Twitter: https://twitter.com/SievaKozinskyFollow Xavier:LinkedIn: https://www.linkedin.com/in/xavierhelgesen/Twitter: https://twitter.com/XavierHelgesenInstagram: https://www.instagram.com/xavierhelgesen/Follow Kurtis:LinkedIn: https://www.linkedin.com/in/kurtislin/Twitter: https://twitter.com/kurtisjlinInstagram: https://www.instagram.com/kurtisjlin/Featured in this episode:ConvertKit - https://convertkit.com/Better World Books - https://www.betterworldbooks.com/Enduring Ventures https://enduring.venturesStorage Squad - https://storagesquad.com/Pinwheel - https://www.pinwheelapi.com/Dan Martell - https://www.danmartell.com/Liquid Death - https://liquiddeath.com/Highlights:5:26 The benefits of climbing entrepreneurial ladders9:34 The From Boise newsletter’s Instagram reel marketing tactic16:59 It’s important to like the people in your industry - are these the kind of people you want to hang out with for the next decade?23:47 On the topic of margin for error, recurring purchases are crucial26:40 Teach skills that make money to people who have money29:16 Nathan’s new obsession with “network effects”34:43 ConvertKit’s loom hiring strategy41:45 Nathan wants to do more hosting similar to Dan Martell’s founders’ hike48:03 Challenging the Silicon Valley joke of “the moment your founder starts posting regularly on Twitter, you should just write off the investment.”