How we're going from $100k to $1M this year with Nick and Omid | MFE! #11

My First Exit (MFE!)

In this episode, co-hosts Nick and Omid dive deep into their journey from the "Thousandnaire Club" to aspiring millionaires. They share stories of past wins, painful flops, and the business lessons they've learned the hard way.

Watch as they break down what actually works when starting a business, the biggest mistakes to avoid, “gray-area strategies” no one talks about (but probably should), and their personal roadmap to hitting their first million.Time Stamps: 00:00 The $1M Mission Begins

02:03 The Real Reason We Want to Make $1M

06:10 Choosing Business Ideas That Actually Matter

07:25 Book Publishing: From Success to Lessons Learned

09:06 Losing $30K and the Power of Validation

11:27 How to Validate a Business Idea for Under $1K

13:05 Water Filter Startup: From Concept to Market Test

16:00 Why We Walked Away From a Validated Idea

17:57 Book Business 2.0: Lean, Profitable, Scalable

20:00 Buying a Boring Business (And Why We Didn’t)

23:18 Adding AI & Marketing Layers to Old-School Businesses

26:30 Starting a Crypto Hedge Fund (and Losing It All)

33:09 New Idea: AI-Powered Content Intelligence Tool

36:43 Finding Problems Worth Solving First

42:05 Why Content Might Be the Real $1M Opportunity

44:56 Final Thoughts: Choose Happiness, Not Just Money

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Learn more about Nick and Omid: https://www.linkedin.com/in/nickcsingh/https://www.instagram.com/kazravan/-- Check out Nick (https://www.linkedin.com/in/nickcsingh/) and Omid (https://www.instagram.com/kazravan/) -- MFE! is the only funny business show. Co-hosts Nick and Omid are here to make your favorite founders laugh and share their greatest secrets. They'll also (shamelessly) ask for help along the way because, much like you, they're learning, too. Welcome to My First Exit or MFE!