Business idea · Education
First Principles Thinking Workshops
First Principles Thinking Workshops: Workshops aimed at teaching entrepreneurs and business leaders how to apply first principles thinking to innovate and optimize their business processes. It was pitched on My First Million, hosted by Sam Parr and Shaan Puri, in the episode "Are tariffs good or bad for founders?" (aired April 11, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | Are tariffs good or bad for founders? |
| Aired | April 11, 2025 |
| Category | Education |
| Real companies on the episode | Medieval Times |
The problem it solves
Many businesses operate under assumptions that lead to stagnation; these workshops help participants to challenge these assumptions and find more efficient solutions.
How it makes money
The workshops could operate on a subscription basis or charge a one-time fee for attendance, with additional materials and resources available for purchase.
Skills you need
Facilitation skills, a deep understanding of first principles thinking, and experience in entrepreneurship are essential.
The market, and why this works now
The rise of remote work has increased demand for skills that promote problem-solving and innovation within teams. Hosting workshops on platforms like Eventbrite can generate initial revenue by reaching entrepreneurs looking to enhance their strategic thinking. However, the facilitator must consider the time investment required for preparation and delivery, which could limit scalability and profitability if demand does not meet expectations.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Medieval Times
A dinner theater franchise that features medieval-themed performances, including jousting and acting, while serving a pre-selected meal.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: Are tariffs good or bad for founders?
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.