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I Ranked the Best & WORST Businesses to Start Before 2026 | Andrew Wilkinson

by Hubspot Media

My First Million

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My First Million

This episode is titled:

I Ranked the Best & WORST Businesses to Start Before 2026 | Andrew Wilkinson

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Notable Quotes

"If that's failing, like sign me up."
"It's fundamentally difficult to compete in local services unless you have an unfair advantage."
"The secret to success in business is just getting back up over and over again."
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Episode Summary

In this episode, Andrew Wilkinson and the host engage in a discussion about different types of business models, analyzing and ranking them based on key metrics like profitability, scalability, and personal lifestyle implications. They utilize a tier list approach, allowing for an easy visual and conversational breakdown. Some of the highlighted models include MLMs, agencies, SaaS, marketplaces, and content creation, with differing opinions on their rank based on a plethora of experiences both from Wilkinson and the host regarding market behavior and personal anecdotes.

Wilkinson expresses his thoughts candidly, stating that while MLMs are fundamentally unsustainable (ranking them as an F), freelancers are better but remain challenging (ranked a D). He rates his own agency experiences more positively, albeit cautiously due to the volatility of revenues in that model. A particular focus is on the SaaS model, which offers high profitability if executed well, and both guests share real-world examples to illustrate their points.

They explore the highs and lows of entrepreneurship, discussing the public scrutiny that comes with running a business, especially when stock prices fluctuate. Wilkinson reflects on his journey of building Tiny and facing external criticism for the company's stock performance, emphasizing that indicators like annual revenue growth and EBITDA show success despite what the public eye might perceive.

A major theme throughout the episode revolves around the need for authenticity over seeking broad acceptance or recognition. Wilkinson shares that the journey to becoming comfortable with being disliked is part of the growth they both have experienced in their respective paths. He notes the importance of being proud of one's endeavors and focuses on passion-driven projects rather than succumbing to societal expectations.

Key Takeaways

  • Different business models have varying levels of profitability and difficulty.
  • Authenticity is more valuable than seeking broad acceptance.
  • Entrepreneurs often face public scrutiny that does not reflect their actual business performance.
  • Separation from societal validation can lead to greater personal satisfaction.

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