Why The Lambda School Model Is A Great Business Plan! | My First Million Podcast

About this video

Sam proposes a Lambda School-style bootcamp for executive assistants and office administrators, pointing out this is one of the most popular jobs in the US with salaries of $50-80K but no clear career pathway. Shaan builds on the idea by suggesting the founder acquire or partner with Org.Co, an existing HR community and job board, to leverage their network for candidate recruitment and placement, using an income-share agreement model to align incentives.

Key takeaways

• There’s a large market for executive assistants and office administrators (Sam cites ~600,000 in the US) with decent salaries but no formal training pipeline, creating a catch-22 where employers want experience but new entrants can’t get it
• The income-share agreement model works well when training costs are low, because it aligns incentives: the school only profits if graduates land good jobs
• Existing communities like Org.Co can be more valuable as an acquisition or partnership than building from scratch, since they already have trusted networks and hiring channels among HR professionals

Episode details: published April 29, 2020 · 579 views · 5:59 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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