What Are Business Ethics? Best Ethical Business Practices For My Business | My First Million Podcast

About this video

Shaan Puri explores business ethics with the hosts, discussing where they draw the line on aggressive tactics and persuasion. He recounts meeting a charismatic entrepreneur named Billy who argued that using persuasion and charm is ethical if your intentions are good and you’re genuinely delivering value to customers.

Key takeaways

• Shaan and Sam acknowledge they have a looser ethical framework than average, but believe they operate above a moral line—for example, pre-selling a product that doesn’t yet exist is acceptable if you refund customers and deliver later
• Shaan’s personal ethical test: would he promote something to his mom, and would he hide what he’s doing from his family? If not, he proceeds
• Billy’s philosophy on persuasion: intent matters most; using charm and influence is fair game if your mission is pure and you’re genuinely helping people, but wrong if you’re scamming or extracting value without delivering

Episode details: published April 30, 2020 · 1K views · 5:12 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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