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Acquisition HQ Workshop · MoreMozi

You Don't Need the US Market to Build a $20M Business

Alex tells a French entrepreneur helping short-term rental hosts to stop splitting focus across French and English and just pick French, since France's 70 million population can support a 20 million dollar business.

Watch on YouTube You Don't Need the US Market to Build a $20M Business

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People
Alex
Channel
MoreMozi

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More details
Format
Acquisition HQ Workshop
Duration
1:24
Origin
MoreMozi videos
Transcript
Full transcript on this page

Key takeaways

  • Um I would focus on one market.
  • I would either just do English or just do French.
  • Um like you can build a million-dollar business in France.
  • It's like like I don't know you know what the population of France is?

Chapters

  1. 0:00
    Abschnitt 1 Hi Alex from France, hello.
  2. 0:33
    Abschnitt 2 That's what it sounds like that you're good at.
  3. 1:15
    Abschnitt 3 Um so, TLDR, stick to France.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

3 segments

0:00Unternehmer/Gast Hi Alex from France, hello. Uh so proud to be still awake. I'm proud of you as well. Wanted to ask whether having free and paid in French plus one free in English is too scattered to start out. I help con- conciergeries, homeowners, okay, to recruit and train their staff, widen their digital presence online, marketing based on my result in short-term rentals. Okay. This is full-time family responsibility being an HR professional for 3 decades. I could trust being help teaching, so okay, got it. So, you're in the short-term rental space and you're good at helping people hire staff help for short-term rentals.

0:33Alex That's what it sounds like that you're good at. Um I would focus on one market. I would either just do English or just do French. There's plenty of people in France. Um like you can build a million-dollar business in France. So, everyone always has this obsession with like I have to go to the US cuz it's bigger. It's like like I don't know you know what the population of France is? It's 50 million, something like that. France population. Let's see here. 70 million, right? So, 70 million, the US is is 300. So, okay, you know, it's like 1/5 of the population. It's like, okay, so instead of building a hundred-million-dollar business, you can build a 20 million. But, if you're if you're happy with 20, you're still fine and at that point you can expand.

1:15Alex Um so, TLDR, stick to France. That's the thing that you understand. That's what everybody knows. That's the market you have your proof in. I would keep it there.