How to be an Entrepreneur: Advice & Mindset (See Business Opportunities) | My First Million Podcast

TL;DR

The hosts discuss finding business opportunities by questioning how everyday objects and situations came to exist—e.g., labor law posters, unclaimed luggage, hotel shampoo recycling. They argue that behind most mundane things lies a profitable business, often built on pairing supply/demand mismatches or exploiting waste/bureaucracy.

Key insights

• Many businesses are hidden in plain sight: people take objects for granted without asking “how did this get here?” or “who wanted this here?”.
• A business model exists where companies (e.g., Chevron) buy solar panels for schools, get tax write-offs, and lease the panels back to the school; the school saves on utilities with no upfront cost.
• Government medians are covered in grass because it’s the cheapest surface to install, but grass is expensive to maintain (water, mowing); switching to turf could save significant money and water, pres