Business idea · Education
Core Groups for Entrepreneurs
Core Groups for Entrepreneurs is a platform that connects entrepreneurs to form core groups for sharing experiences, advice, and support, inspired by the founder's own experiences with a personal board of directors. It was pitched on My First Million in the episode "He turned a broke team into a billion dollars" (aired September 26, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | He turned a broke team into a billion dollars |
| Aired | September 26, 2025 |
| Category | Education |
| Real companies on the episode | Savannah Bananas, Overtime, Hampton, Monster Jam |
The problem it solves
Many entrepreneurs feel isolated in their decision-making, leading to poor choices; this idea provides a support system to help improve decision-making and growth.
How it makes money
Subscription-based membership fees for access to group sessions and resources.
Skills you need
Networking, facilitation, and group management skills.
The market, and why this works now
The rise of remote work has increased the demand for virtual networking platforms, making it easier for entrepreneurs to connect without geographical limitations. A strong first-revenue move could involve partnering with local chambers of commerce to offer exclusive group sessions to their members, tapping into existing networks of small business owners. A key risk is the potential high customer acquisition cost due to the need for targeted marketing to reach entrepreneurs who may not be aware of the benefits of group support.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Savannah Bananas
A baseball team that has revolutionized the fan experience by making games more entertaining and engaging through innovative promotions and a unique game format called 'banana ball'.
- Overtime
A sports media company that engages with younger audiences through innovative content and interactive social media strategies.
- Hampton
A company that forms core groups of entrepreneurs for confidential discussions on business challenges, fostering peer support and collaboration.
- Monster Jam
A live entertainment show featuring monster trucks performing tricks and stunts in arenas across the country.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: He turned a broke team into a billion dollars
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.