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The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle

English, Marketing, 1 season, 762 episodes, 5 days, 22 hours, 27 minutes
About
The Tropical MBA Podcast aims to show you the inside story of the people who are building 'micro-multinational' businesses while they travel the world. We are interested in entrepreneurship, travel, internationalization, and personal freedom. Join 1,000's of listeners from all around the world, every Thursday morning.
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#760 - The 7 Most Common Money Mistakes for Bootstrappers

Dan and Ian discuss the biggest money problems they’ve seen in their own business and hundreds of other bootstrapped businesses. Learn how to craft a sustainable financial model, the importance of owner compensation, how to avoid being under-invested, and more. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:45) Introduction and Setting the Stage ● (00:01:13) The Importance of Money Attitudes and Metaphors ● (00:16:08) The Startup Spending Mindset in Bootstrapped Businesses ● (00:29:39) Focusing on the Wrong Problems ● (00:31:25) Strategies for Affording to Start a Business ● (00:34:28) Starting Early and Investing in Yourself ● (00:38:18) The Importance of Owner Compensation ● (00:41:15) Setting a Salary Cap ● (00:45:12) Avoiding Being Under-Invested Links: - Derek Sivers article “Shed Your Money Taboos” (https://sive.rs/mn1) - Venkatesh Rao article “Ancient Rivers of Money” (https://www.ribbonfarm.com/2010/11/05/ancient-rivers-of-money/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Unlock Wealth Through Financial Fluency (https://tropicalmba.com/episodes/unlock-wealth-financial-fluency) The Secret Weapon for Pricing Power (https://tropicalmba.com/episodes/secret-weapon-pricing-power) How Healthy is Your Business? (https://tropicalmba.com/episodes/how-healthy-is-your-business)
6/20/202451 minutes, 42 seconds
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#759 - Unlock Wealth Through Financial Fluency

In this episode, Dan and Ian discuss the credible and reliable ways to build wealth through your business, based on the work of author Keith Cunningham. The conversation emphasizes building a financially sound foundation for your business by understanding and applying financial principles, planning effectively, managing risks, and maintaining financial discipline. As Cunningham says, "Building a business without mastering the financial statements is like building a house on the beach. It’s not if the tide will come in, it’s when. And the tide always comes in." Enjoy this week's episode as you consider how to build a durable business for long-term success! Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:44) Introduction: Credible and Reliable Ways to Build Wealth Through Your Business ● (00:04:09) Building a Durable Business for Long-Term Wealth ● (00:04:54) Mitigating Risks: Excess Capacity, Client Concentration, and Key People Dependency ● (00:11:49) Understanding the Language of Finance for Business Success ● (00:19:01) Sustaining a Business for the Long Term: Commitment and Adaptability ● (00:20:53) Understanding Finance and Starting a Business ● (00:33:50) The Role of Culture in a Company ● (00:35:29) The Responsibilities of a CEO ● (00:37:42) Growth Priorities for Business Success ● (00:39:09) Capital-Efficient Strategies for Wealth Generation Links: - Keith Cunningham's book 'The Ultimate Blueprint for an Insanely Successful Business' (https://www.amazon.com/Ultimate-Blueprint-Insanely-Successful-Business/dp/0984659250/ref=sr_1_1?crid=2D3HYVG2XIL8E&dib=eyJ2IjoiMSJ9.6wdrFdtbm0DM4YXd9z-7Eg9hSx7g-qEqNSc6mcRKhvXX5LeVKUFI7s-Mk6ogS9nCRgWK7FKyBUgHkvR1APe1B31DvYgxvuzLLkQwBDZBD2tblhHNOTc_y_Vw9xOdloAH7wg8rVbWShf0bIQzv1Eulxpq3ei0imX87F7HTMkKwub58NAwIRQUmKyZSsY7It-Ab6jzcJb_9U0L5HKNFaAU7AFfrelF6YpYbSuWDwxdgN0.zbX1oiTeTlGx2AUi1Kuq6ypRgpMAVFunKIDtssU7QOI&dib_tag=se&keywords=The+Ultimate+Blueprint+for+an+Insanely+Successful+Business&qid=1718197927&sprefix=the+ultimate+blueprint+for+an+insanely+successful+business%2Caps%2C59&sr=8-1) - Keith Cunningham’s book ‘The Road Less Stupid’ (https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269/ref=sr_1_1?crid=1QSYA03DUPLBS&dib=eyJ2IjoiMSJ9.38XR5RwqaXyMwB0ZdJAPnpC1BdgaQLvjMsWtoc6-iSYa8RzEhdSYSPVoqaJhB_aU6WeLIm30lN90exgwyi3UHvBIsrBMb60JkLdYnFVMt1nfog5uR8VVMRmfhz3blxqJzdKLlZjMn95jmKfFi0Lz5NcEEQ1Lgo-knbxKX8PzCe120eDSKl4oLgUWNCLD2NcdUk0E0pCzYTfYbC5yXvi_n77TZUCp-sKAdTplHRxsTH0.YFtfbChtHiVP11ILE_7VTO-SWC2jte-ZLHlxaDrzWqw&dib_tag=se&keywords=The+Road+Less+Stupid&qid=1718197959&s=audible&sprefix=the+road+less+stupid%2Caudible%2C68&sr=1-1-catcorr) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: The Secret Weapon for Pricing Power (https://tropicalmba.com/episodes/secret-weapon-pricing-power) How Healthy is Your Business? (https://tropicalmba.com/episodes/how-healthy-is-your-business) The Million Dollar Service Business Playbook (https://tropicalmba.com/episodes/million-dollar-playbook)
6/13/202444 minutes, 8 seconds
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#758 - The Secret Weapon to Pricing Power

Dan and Ian explore the concept of power in business and how businesses can transition from being a grind for the owner to having sustainable pricing power. Derived from the book 'Seven Powers' by Hamilton Helmer, they delve into the idea of cornered resources as a source of power and discuss examples of cornered resources such as patents, unique brain trust, and exclusive partnerships. You’ll be challenged to consider how you can identify and leverage counter positioning, networked effects, distribution, and brand to sustain margins and pricing power over time. This is an essential conversation for building and maintaining a competitive advantage in any industry. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:01:07) Understanding Business Power and Transitioning Camps ● (00:09:44) The Importance of Cornered Resources in Business ● (00:19:59) Leveraging Distribution as a Source of Power ● (00:36:03) Unleashing the Power of Brand Links: - The 7 Powers: The Foundation of Business Strategy (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: How Healthy is Your Business? (https://tropicalmba.com/episodes/how-healthy-is-your-business) The Million Dollar Service Business Playbook (https://tropicalmba.com/episodes/million-dollar-playbook) Run Any Business with Just Two Simple Things (https://tropicalmba.com/episodes/run-business-two-simple-things)
6/6/202442 minutes, 18 seconds
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#757 - How Healthy is Your Business?

Dan and Ian challenge listeners to answer five questions about your business that will help you evaluate how healthy your operations are. They cover everything from doubling down on what’s working best to effective resource allocation and working “on” your business instead of “in” your business. You’ll also be challenged to ask yourself: “What would a skilled entrepreneur do with my business?” Take out your pens and notepad (very important), and consider this episode a free coaching session and a little taste of DC Accelerator. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:33) Working on Your Business vs. in Your Business ● (00:02:35) Evaluating Your Team's Value Creation ● (00:17:24) Doubling Down on What's Working Best ● (00:19:42) Maximizing Return on Investment ● (00:22:00) Effective Resource Allocation ● (00:27:29) Unprecedented Growth: What Would a Skilled Entrepreneur Do? ● (00:36:31) Evaluating and Refining Your Business with Diagnostic Questions Links: - 30 Business Diagnostic Questions (https://docs.google.com/document/d/15eai16-JiRqUDYyKBdG6Za-vIs_xLCnGRcLYYcbrGDE/edit) - Kaco Gel Pens (https://www.amazon.com/dp/B0B38DQSR3?psc=1&ref=ppx_yo2ov_dt_b_product_details) - Artist Sketchbook (https://www.amazon.com/Sketch-Book-9x12-inch-Sketchbook/dp/B09DY4YXJ5/ref=sr_1_2_sspa?crid=3VJ67LSLM35A3&dib=eyJ2IjoiMSJ9.raKeN3UEcKz3cJlFHsgfRQpwBUGvS6ucnINB81efOFRZWmaTyzU7Mfgr_n3XkugVIE5e6StRM29r09h3thJlD4HsAudN79rsggQ-aENfplzZko939hReFkgATVwqm7a1vMRt1ICHW8VHftcp565cai5dqRGJpPKtqSOzF66oosmomE5r9R6_5zn6H9pCE7m2S3hF3YI36KQyO3IOvdkR_lniN8_rlITwr7D8jNWpOqHROay_B2J-sHABlQJZHOuGYmzRUy_n6o6b_3H-e3qrX9_ZKOT82C_5i6B5SPfVYBg.ysu6QA7UyXAMZH5rZNnAr-yrg-CH-G5l7NSmy6HnJyg&dib_tag=se&keywords=artists%2Bnotebook&qid=1716915717&s=office-products&sprefix=aritists%2Bnoteb%2Coffice-products%2C542&sr=1-2-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&th=1) - Simple Numbers by Greg Crabtree (https://www.simplenumberscri.com/books) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: The Million Dollar Service Business Playbook (https://tropicalmba.com/episodes/million-dollar-playbook) Run Any Business with Just Two Simple Things (https://tropicalmba.com/episodes/run-business-two-simple-things) Mastering Consistency with Adam Gilbert (https://tropicalmba.com/episodes/mastering-consistency)
5/30/202442 minutes, 15 seconds
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#756 - The Million Dollar Service Business Playbook

In this week's episode Dan and Ian discuss the importance of the concept of Labor Efficiency Ratio (LER), to scale your business to a million dollars in revenue. They highlight the challenge of transitioning from being a craftsperson to a CEO and the importance of building a profitable business model that can operate without the founder's constant involvement. They continue this concept by focusing on the importance of financial planning and analysis (FP&A) in growing a business. Having someone to provide structure and make data-driven decisions can lead to some shocking discoveries and help you identify areas for improvement and optimize your business performance. The conversation concludes with a recap of the DC Mexico event and a call for referrals for future events! Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:42) Introduction and Catching Up ● (00:01:40) DC Accelerator and Financial Planning and Analysis (FP&A) ● (00:07:28) Using Labor Efficiency Ratio (LER) to Scale ● (00:14:49) The Challenge of Transitioning from Craftsperson to CEO ● (00:21:50) The Importance of Profitability and Compensation ● (00:25:06) Building a Profitable Business Model ● (00:28:19) The Role of Hiring and Financial Planning and Analysis ● (00:29:20) Differentiating Financial Planning and Analysis from Bookkeeping and CPA ● (00:40:05) Recap of the DC Mexico Event Links: - Books by Greg Crabtree (https://www.simplenumberscri.com/books) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Run Any Business with Just Two Simple Things (https://tropicalmba.com/episodes/run-business-two-simple-things) Mastering Consistency with Adam Gilbert (https://tropicalmba.com/episodes/mastering-consistency) Lessons From an 18-Month Trip Around the World on $100 a Day (https://tropicalmba.com/episodes/18-month-trip)
5/23/202446 minutes, 6 seconds
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#755 - Run Any Business With Just Two Simple Things

Dan reflects on his trip to Mexico last week where he hung out with 200 founders and listeners of the pod. Vulnerability, lessons from exiting a business, and a secretive membership called “being parents” were common themes. Another major topic was the launch of our new coaching program, DC Accelerator. Dan talks about how getting to $1M and beyond takes not just willpower or desire, but most importantly, it takes discipline. He shares the two tools required to run a business of any size. Whether you’re a 1-person operation of have 1000’s of employees, these two tools remain the same. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:48) Introduction and Simplifying Operations ● (00:04:54) The Transformative Journey of Parenthood ● (00:07:09) Vulnerability and Exiting a Business ● (00:15:37) The Nuts and Bolts of Our Coaching Program ● (00:22:35) Every Business Needs a Cashflow Forecast and a Plan Links: DC Accelerator (https://dynamitecircle.com/dc-accelerator) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Mastering Consistency with Adam Gilbert (https://tropicalmba.com/episodes/mastering-consistency) Lessons From an 18-Month Trip Around the World on $100 a Day (https://tropicalmba.com/episodes/18-month-trip) The 1 Million Dollar Question (https://tropicalmba.com/episodes/million-dollar-question)
5/16/202432 minutes, 39 seconds
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#754 - Mastering Consistency with Adam Gilbert

Health and wellness is the ultimate productivity hack, impacting every aspect of life. Adam Gilbert, founder of My Body Tutor, discovered that consistency is key, and accountability, mindset, and personalized plans help clients stay on track. It’s also what sets his business apart. My Body Tutor has been generating demand for their service for 17 years, having a flawless reputation, and obsessively focusing on getting clients results. In this episode Adam shares his strategies for pricing demand, how to handle client churn, and balancing family life with his passion. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:06:29) The Impact of Health and Wellness ● (00:12:10) The Importance of Consistency ● (00:16:57) Evolving Pricing Based on Value ● (00:28:39) Recruiting, Training, and Retaining Coaches ● (00:33:10) The Importance of Regular Meetings ● (00:44:17) Caring and Mission-Driven Approach ● (00:45:30) Starting Small in Entrepreneurship Links: - https://www.mybodytutor.com/ (https://www.mybodytutor.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Lessons From an 18-Month Trip Around the World on $100 a Day (https://tropicalmba.com/episodes/18-month-trip) The 1 Million Dollar Question (https://tropicalmba.com/episodes/million-dollar-question) “The Death of the follower” + Make 250k in 3 Days a Week (https://tropicalmba.com/episodes/death-of-follower)
5/9/202447 minutes
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Lessons From an 18-Month Trip Around the World on $100 a Day

This week we had the pleasure of sitting down with Barry O'Brien, a global traveler, as he shares his 18-month journey to 15 countries on just $100 a day or less. Barry tells us stories about his experience in Vietnam, the most surprisingly underwhelming destination he visited, the most expensive and inexpensive destinations, how he saved, prepared, and what he learned in the end. He discusses his journey from following Dave Ramsey's steps to discovering the FIRE movement and combining the principles of both to pay off $51,000 of debt, and give him the financial freedom to pursue his dream trip. He talks about the importance of passive income, his philosophy of focusing on one thing that you can do well, the process of obtaining US citizenship, and the challenges and opportunities it presents. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters: (00:03:21) Your Ticket to One Million - DC Accelerator (00:14:59) Exploring Western Europe on a Budget (00:26:13) Indulging in Peru's Food and Culture (00:30:15) Managing Travel Costs to Extend the Trip (00:34:41) Finding Peace and Financial Independence (00:39:10) The Competitive Landscape of US Citizenship Links: DC Accelerator (https://dynamitecircle.com/dc-accelerator) DC Black (https://dynamitecircle.com/dc-black) Dave Ramsey Solutions (https://www.ramseysolutions.com) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: The 1 Million Dollar Question (https://tropicalmba.com/episodes/million-dollar-question) “The Death of the follower” + Make 250k in 3 Days a Week (https://tropicalmba.com/episodes/death-of-follower) What is the Most Simple OS for <$5M? (https://tropicalmba.com/episodes/most-simple-os)
5/2/202444 minutes, 20 seconds
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#752 The 1 Million Dollar Question

Crafting your value proposition into an irresistible offer is not an easy task. Andrew Jacoby, entrepreneur and visionary behind Growth Era, a thriving outbound sales company, knows this all too well. Andrew shares his journey, highlighting the pivotal role of Sales Development Representatives (SDRs) in driving business success. Discover the power of focusing on what you know best and building a business around recurring services as Andrew unveils the concept of risk reversal and its impact on skyrocketing conversion rates. From navigating the challenges of educating a market to the transition from CEO to operator, Andrew offers practical strategies for building a robust team and fostering deep community connections amidst a nomadic lifestyle. Tune in as Andrew delves into the core values of moral fiber and virtue in business, underscoring the true essence of freedom and happiness. Whether you're an aspiring entrepreneur or seasoned business leader, this episode promises a wealth of wisdom to elevate your sales game. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:47) Introduction and Background ● (00:04:19) Growth Era: Company Overview ● (00:04:47) Andrew's Sales Background ● (00:07:29) Challenges and Successes in Outbound Sales ● (00:10:29) Understanding SDRs and Their Role ● (00:12:14) Types of Businesses that Benefit from SDRs ● (00:16:59) Developing an Attractive Offer ● (00:18:15) Growth Era's Business Model ● (00:19:37) Finding Success in Familiar Territory ● (00:23:55) The Importance of Serving People ● (00:25:04) Pricing and Confidence ● (00:25:44) Choosing Between Being an Operator and a CEO ● (00:26:43) Knowing When a Company is Ready for Adults ● (00:29:45) Deep Work and Problem Solving ● (00:32:49) The Nomad Lifestyle ● (00:35:34) The Importance of Community ● (00:38:18) The Pursuit of Virtue and Love ● (00:39:42) The True Meaning of Freedom and Happiness Links: - Andrew Jacoby - Linkedin (https://www.linkedin.com/in/andrew-jacoby-b2131a16a/) - Nick Huber Twitter (https://twitter.com/sweatystartup?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) - firstfishermenmedia.com/ (https://firstfishermenmedia.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: “The Death of the follower” + Make 250k in 3 Days a Week (https://tropicalmba.com/episodes/death-of-follower) What is the Most Simple OS for <$5M? (https://tropicalmba.com/episodes/most-simple-os) Do Things That Don’t Scale (https://tropicalmba.com/episodes/things-dont-scale)
4/25/202445 minutes, 15 seconds
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#751 “The Death of the Follower” + How I’d Make $250K in 3 Days a Week

Is it possible to bootstrap a high-level business if you’re broke? Listen to Dan & Ian’s take on what kinds of businesses are best to start when you’re starting with basically nothing. Also, what the hell does a visionary do? Dan suggests that the best visionaries have integrator tendencies. They’ll consider how Kevin Kelly’s “100 True Fans” can lead to sustainable revenue through a concept called “The Death of the Follower”. Lastly, Dan pitches a business idea that requires zero startup cost, 3 days a week of effort, and could easily net you $250K. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:39) Introduction and companies over title’ing ● (00:04:00) Starting a Bootstrap Business When You're Broke ● (00:08:29) The Role of Visionaries in Company Success ● (00:14:55) The Death of the Follower & Engaging with Social Media Algorithms ● (00:19:54) The Future of Search: AI and Personalization Links: - Nick Huber Twitter (https://twitter.com/sweatystartup?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) - Kevin Kelley - Article - A Thousand True Fans (https://kk.org/thetechnium/1000-true-fans/) - The Death of the Follower (https://www.youtube.com/watch?v=5zUndMfMInc) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: What is the Most Simple OS for <$5M? (https://tropicalmba.com/episodes/most-simple-os) Do Things That Don’t Scale (https://tropicalmba.com/episodes/things-dont-scale) Three Phases to 1 Million in Revenue (https://tropicalmba.squarespace.com/config/)
4/18/202434 minutes, 1 second
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#750 What is the Most Simple OS for <$5M?

The hard part shouldn’t be how to implement an OS in your organization. The hard part is answering the question: Are the right people in the right roles at your company? In this episode, Dan and Ian share their own OS that’s extremely simple. It’s called GPS. They’ll explain how GPS helps you put a plan in place to meet your goals, and deliver on that plan. That’s it. Also, hiring for specific tasks, the impact of remote work on hiring, and more. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:41) Introduction and 'Meaty Shorts' Format ● (00:06:48) Hiring for Specific Tasks in a Business ● (00:15:55) Minimum Viable EOS (GPS) Implementation ● (00:16:27) Implementing the EOS System: The GPS Framework ● (00:18:54) Using Scorecards for Clarity and Accountability ● (00:25:06) The Importance of Regular Check-ins and Standing Meetings Links: - Dan Martell - Who to Hire Next (https://www.danmartell.com/who-to-hire-next/) - The EOS Business Model (https://www.eosworldwide.com/eos-model) - Scorecard template (G doc) (https://docs.google.com/document/d/1vJdgiTXIrtnGJB-ywe4goraLyQhp3oHMOCeKHbBOuAY/edit?usp=sharing) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Do Things That Don’t Scale (https://tropicalmba.com/episodes/things-dont-scale) Three Phases to 1 Million in Revenue (https://tropicalmba.squarespace.com/config/) Quiet Crypto, The Demand Question, and Difficult Decisions ft. Jordan Gal (https://tropicalmba.com/episodes/quiet-crypto-difficult-decisions)
4/11/202430 minutes, 58 seconds
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#749 Do Things That Don’t Scale

In this episode, Ian and Dan discuss the concept of doing things that don't scale, inspired by Paul Graham's influential article 'Do Things That Don't Scale.' They explore the idea of taking risks and gambling in entrepreneurship, and how it relates to increasing one's locus of control. The conversation covers various strategies for founders, including recruiting users manually, building something fragile, delighting users, focusing on experience, and niche marketing. In this conversation, Ian and Dan discuss Paul Graham's article 'Do Things That Don't Scale' and explore the principal themes and takeaways. They cover topics such as the idea of scaling, fabricating products yourself, consulting and acting as an anchor client, going manual and doing unscalable laborious tasks, the illusion of big launches and partnerships, vectors vs. scalars (ideas and execution), and the temptation to gamble and the importance of locus of control. Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:47) Introduction and Waking Up Early ● (00:01:58) The Concept of Taking Risks and Gambling ● (00:03:52) Introduction to Paul Graham and Y Combinator ● (00:05:37) The Importance of Doing Things That Don't Scale ● (00:10:00) Recruiting Users Manually ● (00:12:48) Building Something Fragile ● (00:20:48) Niche Marketing ● (00:23:02) The Facebook and the Idea of Scaling ● (00:24:53) Consulting and Acting as an Anchor Client ● (00:27:17) Going Manual and Doing Unscalable Laborious Tasks ● (00:30:08) The Illusion of Big Launches and Partnerships ● (00:34:54) Vectors vs. Scalars: Ideas and Execution ● (00:38:36) The Temptation to Gamble and the Importance of Locus of Control Links: - Paul Graham’s Article “Do Things That Don’t Scale” (https://paulgraham.com/ds.html) - Lao Tzu - Philosophy (https://plato.stanford.edu/entries/laozi/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Three Phases to 1 Million in Revenue (https://tropicalmba.squarespace.com/config/) Quiet Crypto, The Demand Question, and Difficult Decisions ft. Jordan Gal (https://tropicalmba.com/episodes/quiet-crypto-difficult-decisions) “3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree (https://tropicalmba.com/episodes/3-million-death-zone)
4/4/202447 minutes, 4 seconds
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#748 Three Phases to 1 Million

Dan and Ian discuss the different phases of bootstrapping a business and the common challenges that arise at each stage. They walk through three phases: Zero to $250k “Mindset”; $250k to 1 million "We're seeking a reliable/repeatable source of new customers"; and $1 million + "We need to hire, fire, improve/change team members more effectively”. They explore everything from adjusting the offer to the marketplace and developing a strong customer base to making a rule that the founder should be responsible for growth up to $5M. They also explore the crucial role that team composition plays in the professionalization of the company. Finally, they discuss the decision between maximizing profitability and scaling the business. Dan & Ian’s Stuff: Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1) The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters ● (00:00:43) Introduction and Era Change ● (00:04:28) Mindset for Early Stage Bootstrapping ● (00:08:35) Running a Shit Ton of Experiments ● (00:19:34) Customer Development and Adjusting the Offer ● (00:23:37) Founder's Responsibility for Growth ● (00:24:28) Founder's Role in Growth Until $5 Million ● (00:25:29) Following Strategies That Work for the Majority ● (00:26:41) Celebrating the Achievement of $1 Million in Revenue ● (00:29:18) Transitioning from $1 Million to $5 Million ● (00:34:07) The Importance of Team Composition ● (00:34:22) Shifting Focus to Managing a Team ● (00:39:19) Maximizing Profitability vs. Scaling Links: Simple Numbers by Greg Crabtree (https://www.amazon.com/Simple-Numbers-Straight-Talk-Profits/dp/1608320561) Exploitative Play in Live Poker (https://www.amazon.com/Exploitative-Play-Live-Poker-Manipulate/dp/1909457922) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: Quiet Crypto, The Demand Question, and Difficult Decisions ft. Jordan Gal (https://tropicalmba.com/episodes/quiet-crypto-difficult-decisions) “3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree (https://tropicalmba.com/episodes/3-million-death-zone) A Podcast About Shiny Object Syndrome (https://tropicalmba.com/episodes/shiny-object-syndrome)
3/28/202442 minutes, 23 seconds
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#747 Quiet Crypto, The Demand Question, and Difficult Decisions ft. Jordan Gal

Dan talks to Jordan Gal, founder of Rally and co-host of the Bootsrapped Web podcast about challenges in the ecommerce space, product-market fit and demand, partnerships and veto power, the quietness of crypto, risking other people’s money, and more… There’s one thing that founders tend to really struggle with when it comes to growing their business and that’s getting the right team in place. Listen as Jordan shows Dan how and why he fires unfit team members. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters (00:04:22) News Update (00:05:58) From Player to Coach (00:06:50) Jack Welch (00:12:10) Bootstrapping vs Raising Money (00:15:52) Product-Market Fit and Adjustments (00:18:57) Partnerships and Veto Power (00:20:42) Deciding When to Pivot (00:36:27) Firing and Personnel Decisions (00:43:30) The Quietness of Crypto (00:48:05) Challenges in E-commerce (00:57:30) Impact of Having a Family Links: Bootsrapped Web podcast (https://bootstrappedweb.com/) Jordan on Twitter (https://twitter.com/JordanGal) Rally (https://rallyon.com/) Winning (https://www.amazon.com/Winning-Jack-Welch/dp/0060753943/ref=asc_df_0060753943/?tag=hyprod-20&linkCode=df0&hvadid=312243616995&hvpos=&hvnetw=g&hvrand=11970474335439880872&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9007527&hvtargid=pla-450103671560&psc=1&mcid=a2b7a51b49653a50bccb79bc40fad30e&gclid=CjwKCAjw7-SvBhB6EiwAwYdCAdfAqSQ363qg9bY5hlyYGlv0cq2jEW-yDnybdlYnB8VXaJLA1SiDbBoCpEAQAvD_BwE) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal Additional episodes you might enjoy: A Shopify Software Business Success Story (Jordan Gal) (https://tropicalmba.com/episodes/jordan-gal-carthook-shopify) How Transparent Should You Be? Thoughts on Queen Bee Roles & a Ticket Giveaway (https://tropicalmba.com/episodes/transparent-queen-bee-role) A Podcast About Shiny Object Syndrome (https://tropicalmba.com/episodes/shiny-object-syndrome)
3/21/20241 hour, 1 minute, 17 seconds
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#746 “Full-Service Agencies Are Out” & Other Productized-Service Ideas

Dan & Ian talk to John Doherty, the founder of Editor Ninja, former owner of Credo, and cohost of the Working Sessions podcast about three major trends he’s seeing in the agency space that could impact your strategy and profitability for the year and beyond. John talks about the challenges of running a full-service agency, a shift towards specialization in productized services, the need for outsourced strategic layers, focusing on profitability, and more. Stick around for the guys to reveal six productized-service business ideas. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters (00:02:04) News with Dan & Ian (00:05:20) Introducing John Doherty (00:06:46) Starting Credo and EditorNinja (00:09:30) Trends in the Agency Space (00:11:27) Building a Strategic Program (00:28:10) Focus on Profitability (00:30:40) Importance of Work Quality (00:31:55) Categories for Business Opportunities (00:32:42) Software Quality Assurance as a Service (00:35:57) TikTok Titan: Leveraging TikTok for Business (00:38:54) SAAAS: Systems Automation as a Service (00:40:28) Managed VA Service for Social Media (00:43:57) Fractional Business Strategist (00:45:23) Financial Dashboard as a Service (00:50:44) Workbooks for Business Metrics Links: Find John on Twitter (https://twitter.com/dohertyjf?lang=en) EditorNinja (https://editorninja.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree Additional episodes you might enjoy: “3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree (https://tropicalmba.com/episodes/3-million-death-zone) How Transparent Should You Be? Thoughts on Queen Bee Roles & a Ticket Giveaway (https://tropicalmba.com/episodes/transparent-queen-bee-role) A Podcast About Shiny Object Syndrome (https://tropicalmba.com/episodes/shiny-object-syndrome)
3/14/202454 minutes, 19 seconds
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#745 “3 Million in Revenue is a Death Zone" - Financial Strategy with Greg Crabtree

Transitioning through the death zone requires careful execution and a focus on profitability. The $3 million dollar mark is a critical milestone for businesses, and many struggle to push through it. In this episode, Dan talks to Greg Crabtree, author of Simple Numbers, Straight Talk, Big Profits! about how founders can push through the death zone (otherwise known as the messy middle) and grow their profit far beyond that $3M mark. Some of the common mistakes made by founders include not understanding profit truth, not investing in finance and accounting, and not effectively managing labor efficiency. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Chapters (00:00:39) Introduction and the Death Zone (00:05:26) The Impact of Paying a Market-Based Wage (00:06:53) Behavioral Economics and Profit Truth (00:10:34) The Definition of a Fully Capitalized Business (00:12:39) Transitioning through the Death Zone (00:13:16) The Three Steps to Business Success (00:15:04) Remaining Profitable in the Death Zone (00:15:50) Different Capital Profiles and Cashflow (00:16:53) The Emotional Challenge of Spending in the Death Zone (00:19:52) The Executional Problem of Growth (00:20:27) Getting Through the Black Hole (00:21:51) The $3 Million Mark (00:23:15) The Worth of Going Through the Zone (00:26:22) Managing a Marketing Agency Past $5 Million (00:31:16) Common Mistakes Made by Founders (00:33:25) Understanding Profit Truth (00:40:23) Investing in Finance and Accounting Links: - Apply to win a free ticket to DC Mexico! (https://forms.gle/WwhhV1Qax4axKuj67) - Simple Numbers, Straight Talk. Big Profits! (https://www.amazon.com/Simple-Numbers-Straight-Talk-Profits/dp/1608320561/ref=sr_1_1_sspa?dchild=1&keywords=simple+numbers&qid=1629149662&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEyVlo4RVBLT0FMUFhTJmVuY3J5cHRlZElkPUEwMDkwMjA5MTJKMTgxTFhRUVlETCZlbmNyeXB0ZWRBZElkPUEwNzk1ODE0MTRWWldFWFhTNlBDUiZ3aWRnZXROYW1lPXNwX2F0ZiZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz Additional episodes you might enjoy: How Transparent Should You Be? Thoughts on Queen Bee Roles & a Ticket Giveaway (https://tropicalmba.com/episodes/transparent-queen-bee-role) A Podcast About Shiny Object Syndrome (https://tropicalmba.com/episodes/shiny-object-syndrome) Spotting Taboo Business Ideas Through the Overton Window (https://tropicalmba.com/episodes/building-business-ideas)
3/7/202444 minutes, 52 seconds
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#744 How Transparent Should You Be? Thoughts on Queen Bee Roles & a Ticket Giveaway

This week Dan & Ian share a few thought experiments you can do to improve your business and reach your next breakthrough. They cover the value of a writing-first culture, the Queen Bee Role & how transparent should you be with your team? Plus, a ticket giveaway to one qualified founder. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:41) Intro (00:01:33) Business-changing events for founders (00:10:54) Writing is more important than you think (00:14:57) Writing culture vs meeting culture (00:20:49) The Queen Bee Role exercise (00:32:37) Thoughts about sharing revenue with team members Links: Apply to win a free ticket to DC Mexico! (https://forms.gle/WwhhV1Qax4axKuj67) Clockwork by Mike Michalowicz (https://www.amazon.com/Clockwork-Revised-Expanded-Design-Business/dp/059353817X/ref=asc_df_059353817X/?tag=hyprod-20&linkCode=df0&hvadid=564832755269&hvpos=&hvnetw=g&hvrand=14688969837843805374&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9007527&hvtargid=pla-1458241186746&psc=1&mcid=fac3caaaf3b230ca867fab0bb153b2c4) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz Additional episodes you might enjoy: The Anti-Agency Agency + High ROI Customer Acquisition (https://tropicalmba.com/episodes/anti-agency-high-roi) A Podcast About Shiny Object Syndrome (https://tropicalmba.com/episodes/shiny-object-syndrome) Spotting Taboo Business Ideas Through the Overton Window (https://tropicalmba.com/episodes/building-business-ideas)
2/29/202441 minutes, 51 seconds
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#743 Spotting Taboo Business Ideas Through the Overton Window

Going deeper on shiny object syndrome, Dan & Ian open the mailbag to read responses to last week’s episode. A listener shares his success story with shiny object syndrome, revealing how he pursues his entrepreneurial impulses without growing crazy. The listener emphasizes the value of muscle memory when it comes to going from zero to one successfully. Dan & Ian will also discuss how to use societal and scene shifts to gain traction on an idea and even build a successful business out of an idea that might seem a little stupid (to everyone else) at the time. Plus, we’re looking for our next TMBA team member! If you love reading and writing about business topics and think working alongside Dan & Ian might seem like fun (or a little stupid!), let's talk. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:54) Intro (00:01:13) If you love reading and writing about business, come work with us at the TMBA. (00:09:17) The two most popular roles that bootstrapped companies are hiring for right now and how much they're paying. (00:14:55) How founders get derailed by the Gell-Mann Amnesia Effect (00:19:50) Why even your heroes’ businesses are shit shows (00:20:33) How one listener channels his shiny object syndrome to grow his million-dollar business (00:26:27) What founders often regret about selling their business (00:30:30) Identifying societal disruptions can be a way for bootstrappers to be disruptive and successful (00:30:42) What Mark Manson, Patt Flynn, and Muhammad Ali have in common (00:39:54) Having a strong perspective could be what you’re missing Links: Sign up for a DC Black Q&A virtual meeting (open to all) (https://docs.google.com/forms/d/e/1FAIpQLSeiQICoIOs5q_Ut6__qzlSN2dwxEDHrN_AfHufjP9zr2Czkiw/viewform) Join us in Playa del Carmen, Mexico this May (https://dynamitecircle.com/event-collection/dcmexico-2024) The Anti-Agency Agency + High ROI Customer Acquisition (https://tropicalmba.com/episodes/anti-agency-high-roi) Working Backwards: Insights, Stories, and Secrets from Inside Amazon (https://www.amazon.com/Working-Backwards-Insights-Stories-Secrets/dp/B088MFRK1H/ref=sr_1_1?crid=1MXQBAQIK8D5G&keywords=working+backwards&qid=1707870869&s=books&sprefix=working+backwards%2Cstripbooks%2C105&sr=1-1) The score takes care of itself (Bill Walsh) (https://www.amazon.com/Score-Takes-Care-Itself-Philosophy/dp/1591843472) You can have two Big Things, but not three (https://longform.asmartbear.com/two-big-things/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
2/22/202453 minutes, 34 seconds
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#742 A Podcast About Shiny Object Syndrome

Dan & Ian delve into the complexities of combating shiny object syndrome, a challenge that plagues all entrepreneurs at one time or another (or all the time). They’ll talk about six strategies for tackling “the syndrome” and how to harness your skill of going zero-to-one to grow your business to the next level. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: (00:00:33) Intro (00:03:05) How to connect with other founders by the beach (come to DC Mexico in May) (00:11:08) DC Black is now accepting new members year-round (00:17:54) Can shiny object syndrome be cured? Or am I doomed? (00:20:31) Why entrepreneurs are great at the 0 to 1, and how to apply that skill set towards the next phase of your goals (00:26:27) Six approaches to solving and harnessing your shiny object syndrome Links: Podcast producer job post (https://dynamitejobs.com/company/tropicalmba/remote-job/podcast-producer) Sign up for a DC Black Q&A virtual meeting (open to all) (https://docs.google.com/forms/d/e/1FAIpQLSeiQICoIOs5q_Ut6__qzlSN2dwxEDHrN_AfHufjP9zr2Czkiw/viewform) Join us in Playa del Carmen, Mexico this May (https://dynamitecircle.com/event-collection/dcmexico-2024) The Anti-Agency Agency + High ROI Customer Acquisition (https://tropicalmba.com/episodes/anti-agency-high-roi) Working Backwards: Insights, Stories, and Secrets from Inside Amazon (https://www.amazon.com/Working-Backwards-Insights-Stories-Secrets/dp/B088MFRK1H/ref=sr_1_1?crid=1MXQBAQIK8D5G&keywords=working+backwards&qid=1707870869&s=books&sprefix=working+backwards%2Cstripbooks%2C105&sr=1-1) The score takes care of itself (Bill Walsh) (https://www.amazon.com/Score-Takes-Care-Itself-Philosophy/dp/1591843472) You can have two Big Things, but not three (https://longform.asmartbear.com/two-big-things/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
2/15/20241 hour, 4 minutes, 48 seconds
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#741 The Roadmap for Turning a Skill Into a 1M+ Productized Service

In this episode Dan uncovers The Ultimate TMBA Business: a productized service business built on a skill set. Tom Kent started his business based on a very specific skill set of his: he was good at getting jobs. Now Tom is the founder and CEO of Career Nerds, a 7-figure productized service that he’s doubling every year because of his precise lead generation strategies and very clear goals. In this episode, Tom gives us a roadmap for turning a skill into a powerful productized service business. Plus, how he avoids the distraction of other target markets and opportunities and stays focused on his goal. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:55) Intro (04:39:02) How to turn a skill into a business (06:16:09) Personal branding and networking strategies on LinkedIn (15:24:08) Scaling LinkedIn lead generation with a focus on targeting and outsourcing (19:12:00) Sales process and lead generation for high-dollar products (24:19:04) Sales strategies and conversion rates (30:27:09) Building a sales team and identifying a niche market (44:09:05) Influential books, networking, and travel Links: Career Nerds (https://careernerds.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
2/8/202447 minutes, 43 seconds
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#740 The Anti-Agency Agency + High ROI Customer Acquisition

Vince Nguyen joins Dan to share how he resurrected his agency from semi-retirement and in the first month resumed making 5+ figures per client. He runs his agency solo and shares some of his biggest hacks for success. Vince essentially delivers a masterclass in running a successful solo-agency as well as how to improve Facebook Ads for your business (hint: it’s pretty simple!). But first, Dan & Ian have some fun catching up about some big company news and how to operate on a profit-first system from day one and why that’s actually critical for scale. They also talk about two trending ways for finding and connecting with customers that are leading to more sales, that you can implement as early as today. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:45) Intro (00:03:16) Profit first and financial modeling for businesses (00:07:53) Scaling your business with financial rigor (00:14:05) Hiring a full-time producer for the Tropical MBA podcast (00:15:33) The new DC Black coaches (00:19:10) Masterminds, business growth, and clarity of goals (00:25:46) Sold out an event in under an hour using WhatsApp (00:27:04) Why aren’t more businesses talking to their clients on WhatsApp? (00:32:32) Outsourcing SDRs in LatAm is what SEO was 10 years ago (00:49:04) Why more isn’t better when it comes to your agency’s skillset (01:02:58) How to get premium clients for your agency (01:20:55) Advice for running profitable Facebook Ads from an expert Links: Profit First (https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/B0C9NPP4ZQ/ref=sr_1_1?crid=2WPFNGE0FG2LI&keywords=profit+first&qid=1706649874&sprefix=profit+firs%2Caps%2C112&sr=8-1) Simple Numbers, Straight Talk, Big Profits! (https://www.amazon.com/Simple-Numbers-Straight-Talk-Profits/dp/1608320561/ref=sr_1_1_sspa?dchild=1&keywords=simple+numbers&qid=1629149662&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEyVlo4RVBLT0FMUFhTJmVuY3J5cHRlZElkPUEwMDkwMjA5MTJKMTgxTFhRUVlETCZlbmNyeXB0ZWRBZElkPUEwNzk1ODE0MTRWWldFWFhTNlBDUiZ3aWRnZXROYW1lPXNwX2F0ZiZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=) Hire an SDR in LatAm (https://remotefirstrecruiting.com/hire-sdr-in-latin-america) Growth Ninja (https://www.growthninja.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan, Mike Michalowicz, Vince Nguyen Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
2/1/20241 hour, 26 minutes, 36 seconds
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#739 The Three Horsemen Holding Your Business Back from Breakthrough with Mike Michalowicz

Dan interviews business author and entrepreneur Mike Michalowicz, delving into the transformative concepts from Mike's books — "Profit First," "The Pumpkin Plan," Clockwork", and more. They explore the power of prioritizing profit and why most small businesses are often “crushed” by the owner. Mike discusses his concept of the Queen Bee Role and advocates for specialization to scale effectively. Stick around as Mike reveals the three horsemen that keep businesses right on the brink of success, often never finding breakthrough. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:49) Intro (00:07:10) Take profit first and hide it from the business to force it to run within expenses (00:13:35) Profit First case study: What happened to the Savannah Bananas (00:17:44) The most important function in a business is the one that supports the brand promise (00:23:53) Owners try to be the “superhero” instead of stepping back and building structure (00:29:33) A minority of customers represent the majority of profitability (00:30:20) Focus on becoming a specialist in your market (00:35:50) Each stage of growth requres different levels of management and leadership (00:38:03) Over-selling can lead to organizational death (00:41:50) Three common causes of businesses not achieving success Links: More about Mike (https://mikemichalowicz.com/) Profit First (https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making/dp/B0C9NPP4ZQ/ref=sr_1_1?crid=1BYR120EW2QLF&keywords=profit+first&qid=1706071513&sprefix=profit+%2Caps%2C472&sr=8-1) The Pumpkin Plan (https://www.amazon.com/Pumpkin-Plan-Strategy-Remarkable-Business/dp/B082FQGMWZ/ref=sr_1_8?crid=2RDBYOP0537OA&keywords=fix+this+next+book&qid=1706071549&s=audible&sprefix=fix+this+next+%2Caudible%2C186&sr=1-8) Clockwork (https://www.amazon.com/Clockwork-Revised-Expanded-Design-Business/dp/B0B2B7WLXV/ref=sr_1_1?crid=2VNLTUEXR628Z&keywords=clockwork&qid=1706071594&s=audible&sprefix=clockwork%2Caudible%2C150&sr=1-1) Fix This Next (https://www.amazon.com/Fix-This-Next-Mike-Michalowicz-audiobook/dp/B082LLS1L9/ref=sr_1_1?crid=1W2UD3LBA2VTD&keywords=fix+this+next&qid=1706071649&s=audible&sprefix=fix+this+next%2Caudible%2C5262&sr=1-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan, Mike Michalowicz Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
1/25/202451 minutes, 22 seconds
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#738 Under the Hood of an 8-Figure Business + Million Dollar Weekend with Noah Kagan

“Noah’s new book Million Dollar Weekend has so many nuggets for aspiring and mature entrepreneurs alike. Specifically, if you’re launching a new product, starting a new business, or you want to keep things simple for your team, you’ll find tangible guidance in this book.” - Dan In this episode, TMBA host Dan Andrews sits down with Noah Kagan to talk about operating an 8-figure company at scale, something Noah does every day as the CEO of AppSumo. Noah dives into specific processes around leadership, managing team members, setting achievable goals, making room for creativity, personal growth habits, and a whole lot more. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:33) Intro (00:02:47) Setting goals and managing expectations for a successful business. (00:07:43) Setting and achieving business goals with room for experimentation. (00:08:51) Tracking progress on goals and regularly reviewing progress to avoid anxiety and stay motivated (00:13:46) The importance of personal inputs relative to the company's top priorities, with each leader in the company having their own top three priorities to focus on. (00:15:02) Everybody can see everybody’s scorecards (00:17:34) Leadership means setting clear priorities and empowering others to choose their own destinations. (00:20:09) Motivating employees through optimism, rather than demotivating them with criticism. (00:22:03) The importance of consistency in personal and professional settings (00:25:15) Monthly leadership survey to gather feedback and improve as a leader, with a focus on providing solutions rather than complaining. (00:28:31) Core operational documents and processes needed to run a business (00:30:11) Find your own “AppSumo” way Links: Million Dollar Weekend (https://www.amazon.com/Million-Dollar-Weekend-Surprisingly-7-Figure/dp/B0C6YF9YJX/ref=sr_1_1?crid=SX1TWA2A1MA1&keywords=million+dollar+weekend+noah+kagan&qid=1705448385&sprefix=million+dollar%2Caps%2C203&sr=8-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
1/18/202435 minutes, 19 seconds
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#737 Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings

Today Dan & Ian challenge you to consider: How durable is your revenue? They’ll explore the concepts of profit now vs profit later, investing profits to build durability, network effects, marginal profitability calculation, and more. But first, in some lighter conversation, Dan argues that setting smaller goals and reconfiguring your team meetings can lead to higher productivity and higher yield in your business. Plus, the 6 principles to a high-leverage meeting learned from running millionaire masterminds. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes - (00:00:43) Intro - (00:02:15) A strategy for higher productivity and higher yield in 2024 - (00:03:29) Focus on three things: Who, what, and when. - (00:04:15) Make your meetings so good you could sell them - (00:10:08) 6 principles we learned from running millionaire masterminds - (00:11:34) Common blind spots for founders - (00:13:34) “I don’t know how to set goals” - (00:15:26) Specific, measurable, attainable, relevant, timely - (00:24:59) Are boring businesses as durable as they seem? - (00:25:54) Investing profits to build durability & adapt fast - (00:29:45) Profit now vs profit later Links: - Jean-Baptiste Say (https://en.wikipedia.org/wiki/Jean-Baptiste_Say) - The Bezos 6-page meeting (https://www.youtube.com/watch?v=e47wAgIhZ7o) - Bill Gurly’s article (https://abovethecrowd.com/2011/05/24/all-revenue-is-not-created-equal-the-keys-to-the-10x-revenue-club/) - 7 Powers (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan. Additional episodes you might enjoy: How to Have Your Best Year $$$Wise Ever (https://tropicalmba.com/episodes/have-your-best-year) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
1/11/202433 minutes, 39 seconds
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#736 How to Have Your Best Year $$$Wise Ever

This week, Dan reveals a strategic approach to decision-making intervals for achieving top-line revenue and personal income goals. Join him as he explores how this decision-making cadence serves as a compass in navigating the challenging 'messy middle' of entrepreneurship. What’s the messy middle? You’ve found some type of product-market fit, customers are buying, and you've set revenue and profit goals. Yet, you lack an exit strategy, millions in your bank account, and an executive team running your company. In this episode, Dan invites you into his end-of-year meeting with co-founder Ian Schoen, unveiling the inner workings of their quarterly reviews. Discover the three key questions they always address and learn how this framework can guide you out of the messy middle, ensuring this is your best year money-wise ever. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes - (00:01:16) 14 years of the Tropical MBA - (00:01:38) Setting and achieving business goals in the messy middle - (00:05:01) The framework for 90-day quarterly reviews - (00:07:30) Does your business make financial sense? - (00:11:36) Do you have the right people in the right chairs? - (00:21:55) Are you performing well in the business? - (00:24:08) How to focus on the one thing you’re best at Links: - Public Quarterly Review Framework (https://docs.google.com/document/d/18nV-AaMBqn7o88WnYVkjPk8Xvr_Ouq8mxNyppNGQtDM/edit?usp=sharing) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan. Additional episodes you might enjoy: An 8-figure exit and revisiting the 1,000-day principle (https://tropicalmba.com/episodes/1000-day-principle) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)
1/4/202433 minutes, 23 seconds
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#735 An 8-figure exit and revisiting the 1,000-day principle

Can you make a life-changing decision based on assumptions that you pulled off the internet? This question and many others are answered in today’s fascinating interview with two of Dan’s mentors and longtime friends, Carrie & Dave McKeegan. They recently exited one of their businesses (they’re still running the other!) for 8-figures and they share the details of their process from deciding to sell, preparing for the sale, vetting acquirers, and what happens after. Hear how they spun up another business on the side and are maintaining the cash flow from that as they sit on the cash pile from the sale. But perhaps their biggest accomplishment of them all is raising three thoughtful, curious kids while running their two incredible businesses and living all over the world in places like Bali, Costa Rica, Spain, and more. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes - (00:00:42) Intro - (00:03:03) Revisiting the 1,000 day principle and questioning the 3,000 day principle - (00:03:52) Career milestones in entrepreneurship - (00:09:18) Maintaining pricing power in a productized service - (00:10:24) Setting financial goals and getting real with personal expenses - (00:16:36) Retirement planning with financial planners - (00:19:05) Selling a business: approach to sales process - (00:21:48) Selling a business: acquisition process and unexpected offer - (00:28:59) Selling a business: legal and financial aspects - (00:34:46) Selling a business: emotions and negotiation process - (00:37:10) Scaling a new business and selling a golden egg - (00:44:05) Parenting, wealth, and financial priorities - (00:46:06) Raising entrepreneurial children Links: - DC Mexico tickets (https://dynamitecircle.com/event-collection/dcmexico-2024) - Greenback Tax Service (https://www.greenbacktaxservices.com/?utm_agid=50399785149&device=c&placement=&utm_source=google-ads&utm_campaign=&utm_term=greenback%20tax&utm_medium=ppc&hsa_acc=5600283327&hsa_cam=1037640375&hsa_grp=50399785149&hsa_ad=383750717455&hsa_src=g&hsa_tgt=kwd-350021491337&hsa_kw=greenback%20tax&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gclid=CjwKCAiAvoqsBhB9EiwA9XTWGX3yjEL3T5cUl3IWqbREs2F6GPX-Q2ek3cnxzSZyxgq_zloZahFq0RoClgMQAvD_BwE) - Cleer.tax (https://www.cleer.tax/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan. Additional episodes you might enjoy: #733 End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming) #618 Exploring Alternative Education Options for Nomadic Families (https://tropicalmba.com/episodes/carrie-mckeegan-alternative-education) #565 The Origins of the 1,000 Day Principle (https://tropicalmba.com/episodes/david-mckeegan-1000-day)
12/28/202351 minutes, 30 seconds
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#734 Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023

As 2023 comes to a close, Dan & Ian reflect on how their business did in 2023 and share some of their favorite moments from the year. They’ll also talk about what makes a compelling offer, the “non-obvious ways” to grow your business in 2024, and why you should dream bigger than the numbers when goal setting. But first, Dan shares the top business books and podcast episodes that inspired him this year just in time for your holiday travels. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: Intro Dan’s favorite business books in 2023 The podcast episodes that inspired business decisions this year Gift list for entrepreneurs An undervalued business-improving idea that anyone can do Why did our tweet go viral? Our search for speakers and facilitators is turning into quite the contest Our new product and how you can copy it 2023 business updates Favorite moments from the year Links: - DC Mexico tickets (https://dynamitecircle.com/event-collection/dcmexico-2024) - DC Black Facilitator position (https://docs.google.com/document/d/1g3xhYYZ2TaqK0FnTkM8fCFQ7XfqLUeY-waKQAChlYso/edit) - DC conversation cards (https://twitter.com/TropicalMBA/status/1737135545237520450?s=20) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming) What is the Michael Jordan of Business Models? (https://open.spotify.com/episode/7hFJQOO1u8bLaGhgYoYcuh?si=c84515d1ce834f02&nd=1&dlsi=4311cf9394564648) Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More (https://tropicalmba.com/episodes/dcbkk-2023)
12/21/202356 minutes, 31 seconds
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#733 End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown

Dan & Ian offer up some end-of-year thought experiments for founders, including how to re-visualize your business, capitalize on strategy, and ensure that you are in the right role in your business. Most founders assume they are the “executive” in the business, but more often than not, their daily behaviors are that of a director or manager. Understanding where you sit in your organization can make a huge difference in your ability to scale. Plus, explore the business diagnostic: what would a PE firm do with your business? A helpful exercise to get you thinking objectively about the decisions that need to be made in your business. Lastly, the guys relive the Mexico Meltdown, otherwise known as the DC Mexico launch. Tune in to hear what went down. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes - 0:00:52 Intro - 0:01:22 We’re hiring mastermind facilitators - 0:02:20 DC Mexico meltdown - 0:08:10 What would a PE firm do with your business? - 0:15:32 Using org charts to change your business - 0:26:47 New trends and a business idea - 0:30:13 3-year goal setting for year-end Links: - DC Mexico tickets (https://dynamitecircle.com/event-collection/dcmexico-2024) - DC Black Facilitator position (https://docs.google.com/document/d/1g3xhYYZ2TaqK0FnTkM8fCFQ7XfqLUeY-waKQAChlYso/edit) - Personal budget spreadsheet (https://docs.google.com/spreadsheets/d/1Li7LuETq2k8tfXSC9WrB-xTwtm_YOkxZOFBOT-bk8CM/edit#gid=1403848959) - Lighted par 3 golf courses are the future (https://twitter.com/DoerflerJared/status/1734275376984052205?s=03) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter Additional episodes you might enjoy: Can Org Charts Be Sexy? + NYC Drinking Stories (https://open.spotify.com/episode/4j1RqZGwG2YjJS98sTajDK?si=0a14af6b700c487b) What is the Michael Jordan of Business Models? (https://open.spotify.com/episode/7hFJQOO1u8bLaGhgYoYcuh?si=c84515d1ce834f02) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (https://open.spotify.com/episode/5RXLdCW0pxKFdrjfWU32PT?si=8fb1984eba354acd)
12/14/202336 minutes, 52 seconds
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Can Org Charts Be Sexy? + NYC Drinking Stories

Dan & Ian unravel the complexities of job titles and organizational frustrations post-DC Black event, offering solutions through org chart brainstorming, a new business idea, and how much you should be investing into networking strategies based on your income. Plus, see what UI and API score they give NYC after spending the weekend there. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes - 0:00:59 Intro - 0:08:05 UI & API score for NYC - 0:11:01 The danger of inaccurate titles for employees - 0:18:55 How to use org charts as a brainstorming tool - 0:25:47 New business idea: Be the money person - 0:28:46 How much $$ to invest in your network - 0:37:21 Meet us in Mexico in May Links: Get your tickets to DC MEXICO 2024 (http://dynamitecircle.com/news-and-blog/dc-mexico-2024) Jeremy Giffon on Invest Like the Best (https://open.spotify.com/episode/0Vdv5i250hF6EfzOTML9RE) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter Additional episodes you might enjoy: Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More (https://tropicalmba.com/episodes/dcbkk-2023) The Freedom Line, 7+ Figure Founders, and Extended DCBKK Recap (https://tropicalmba.com/episodes/dcbkk-recap-2023) What is the Michael Jordan of Business Models? (https://tropicalmba.com/episodes/michael-jordan-business-model)
12/7/202340 minutes, 19 seconds
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Special Edition Pod: Meet us in Mexico

In this special Tuesday edition of the pod, Dan & Ian make the hard sell for listeners to meet them in Mexico. If you’re into five-star resorts, good food, frosty drinks, and nerding out about your business, consider this your official invite. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes: (00:00:00) Intro (00:00:57) Meet us in Mexico Links: Get your tickets to DC MEXICO 2024 (https://dynamitecircle.com/news-and-blog/dc-mexico-2024) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More (https://tropicalmba.com/episodes/dcbkk-2023) The Freedom Line, 7+ Figure Founders, and Extended DCBKK Recap (https://tropicalmba.com/episodes/dcbkk-recap-2023) What is the Michael Jordan of Business Models? (https://tropicalmba.com/episodes/michael-jordan-business-model)
12/5/20239 minutes
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Cash Flowing Your Early Retirement (10K/mo+)

This week, Dan continues delving into the world of coaching with a story about one company that provides highly paid professionals with a low-stress way to earn a living in the sunset phase of their careers. Dan also interviews Sarah Weaver, a real estate investor and entrepreneur, who has achieved an impressive monthly cash flow of over $10,000 from her real estate portfolio in under five years. Join us to glean insights from Sarah's journey, as she shares strategies for cash-flowing retirement through smart real estate investments. Sarah talks about how she bought 19 properties, the six metrics she evaluates before investing in a specific city, building a brand around her experience, and more. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes: (00:00:56) Intro (00:01:14) The DC Black event is happening now (00:01:44) A new Mexico event (00:02:30) Loom use cases for async companies (00:07:13) Ways to generate cash flow (00:10:15) The steps to 10K+ cash flow per month from rental properties (00:11:59) Cash flow investing vs appreciation investing (00:14:17) What metrics to look at before you invest in property (00:25:30) Don’t meet your heroes, get paid by them (00:28:43) House hacking from abroad (00:29:38) Building a brand around your personal experience (00:37:49) How to skip right past imposter syndrome (00:39:44) Mistakes people often make in real estate investing (00:41:53) The no-brainer bucket list experience you should go on Links: - Dcbkk recap (https://dynamitecircle.com/news-and-blog/dcbkk-2023-recap) - The Upwork Hustle w/ Sam Hill (https://tropicalmba.com/episodes/sam-hill-upwork) - CEO Coaching International (https://ceocoachinginternational.com/) - www.sarahdweaver.com (http://www.sarahdweaver.com/) - 30 Day Stay. (https://store.biggerpockets.com/products/30-day-stay)Use SARAH for 10% off. Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: What is the Michael Jordan of Business Models? (https://tropicalmba.com/episodes/michael-jordan-business-model) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (https://tropicalmba.com/episodes/american-dream-lessons) Mailbag: Hang-ups, Power-ups, and Cheat Codes for Entrepreneurs (https://tropicalmba.com/episodes/hang-ups-power-ups-cheat-codes)
11/30/202345 minutes, 18 seconds
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What is the Michael Jordan of Business Models?

All we can say is that it’s extremely powerful and extremely profitable. Dan and Ian nerd out on what might be the GOAT business model of all time. They analyze some of the best examples of said business model, and talk about ways that you can rip, pivot, and jam these ideas for your own business. Plus, two books you should pick up that Dan simply couldn’t put down. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes (00:00:45) Intro (00:03:11) What do you think of our vacation policy? (00:05:01) The GOAT business model with extremely high margins (00:09:08) The businesses doing this amazingly well (00:32:11) Why now is the best time to implement this strategy (00:42:00) Two books you should read over the holiday Links: Our PTO policy (https://docs.google.com/document/d/1wfydwLC8qF4aeyAKebLKUo7l_sV_eP8nikQNj3HHr3k/edit?usp=sharing) Traction (https://www.amazon.com/Traction-Gino-Wickman-audiobook/dp/B00A9Z973M/ref=sr_1_1?hvadid=241617657767&hvdev=c&hvlocphy=9028277&hvnetw=g&hvqmt=e&hvrand=6782292471515285360&hvtargid=kwd-132659762660&hydadcr=22531_10353738&keywords=traction+eos&qid=1700623157&sr=8-1) Scaling Up (https://www.amazon.com/Scaling-Up-Verne-Harnish-audiobook/dp/B00PMCI89Q/ref=sr_1_1?crid=CQMFJKFKZE1A&keywords=scaling+up&qid=1700623168&s=audible&sprefix=scaling+up%2Caudible%2C100&sr=1-1) Rachel Rogers (https://helloseven.co/) IFS (https://ifs-institute.com/) Superintelligence by Nick Bostrom (https://www.amazon.com/Superintelligence-Nick-Bostrom-audiobook/dp/B00LPMFE9Y/ref=sr_1_1?hvadid=241886445826&hvdev=c&hvlocphy=9028277&hvnetw=g&hvqmt=e&hvrand=15790631008120846026&hvtargid=kwd-310248068568&hydadcr=16434_10305513&keywords=superintelligence+by+nick+bostrom&qid=1700623231&sr=8-1) The Ride of a Lifetime - Robert Iger (https://www.amazon.com/The-Ride-of-Lifetime-Robert-Iger-audiobook/dp/B07QW2LHN4/ref=sr_1_1?crid=37HUZQKE4YSOZ&keywords=The+Ride+of+a+Lifetime+-+Robert+Iger&qid=1700623272&s=audible&sprefix=the+ride+of+a+lifetime+-+robert+iger%2Caudible%2C134&sr=1-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter Additional episodes you might enjoy: Mailbag: Hang-ups, Power-ups, and Cheat Codes for Entrepreneurs (https://tropicalmba.com/episodes/hang-ups-power-ups-cheat-codes) The Freedom Line, 7+ Figure Founders, and Extended DCBKK Recap (https://tropicalmba.com/episodes/dcbkk-recap-2023) How to Build an AI Startup with Jodie Cook (https://tropicalmba.com/episodes/build-ai-startup)
11/23/202344 minutes, 12 seconds
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Mailbag: Hang-ups, Power-ups, and Cheat Codes for Entrepreneurs

Dan & Ian open up the metaphorical mailbag to answer some listener questions. They reveal cheat codes for bootstrappers and how to activate them, the top reasons people can’t scale to 7+ figures, and the difference between F U money and Freedom Line money. All that and more, including a big announcement regarding Ian’s car collection. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes: (00:01:08) Intro (00:02:42) The major ways people fail to scale their business beyond 6 figures (00:18:44) The Cheat code for entrepreneurs (00:30:22) What do you do with the F U money (00:39:09) How to get the most out of a business community (00:43:02) The community space has changed… sort of (00:46:48) What’s next for our community (00:48:27) Power ups for entrepreneurs (00:52:31) Dan’s definition of an entrepreneur (00:55:51) It always comes back to the entrepreneur-mobile Links: Before the Exit (- Before the Exit) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter Additional episodes you might enjoy: 4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership (4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (Dissecting the American Dream & Business Lessons from the Elon Musk Bio) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural)
11/16/202358 minutes, 36 seconds
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The Freedom Line, 7+ Figure Founders, and Extended DCBKK Recap

This week Dan & Ian talk about a topic that came up countless times at this year’s DCBKK: Whether to exit or stay in your business. They’ll revisit frameworks from their book Before The Exit and discuss how to figure out what's best for your business. After that, Dan chats with DCBKK Master of Ceremonies Adam Palmeter about his experience at this year’s event compared to years past. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Links: Apply for DC Black (https://dynamitecircle.com/dc-black) DCBKK Recap Video Sam Corcos on Tim Ferriss (https://www.youtube.com/watch?v=MtrkDoQFArU) Adam Palmeter (https://adampalmeter.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter Additional episodes you might enjoy: Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More (https://tropicalmba.com/episodes/dcbkk-2023) 5 Things Founders Often Misunderstand about Exiting Their Business (https://tropicalmba.com/episodes/5-things-to-know-when-exiting-your-business) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (https://tropicalmba.com/episodes/american-dream-lessons)
11/9/20231 hour, 5 minutes, 51 seconds
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Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More

Dan & Ian are back in Austin and have fully recovered from what was the biggest event in DC history: DCBKK 2023. Over 400 entrepreneurs gathered in the world-class city of Bangkok to swap stories, participate in masterminds, and fuel each other to reach new business heights in 2024. In the episode, they covered many topics, including a framework for analyzing locations by their UI versus API, why Thailand's UI beats America, and what’s next for DC Black, a community for 7 & 8-figure founders. Dan & Ian also share their biggest conference takeaways, some of their business strategy for 2024, and three trends happening in the community and the industry at large. Stick around for some of their favorite stories from DCBKK 2023. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes: (00:01:42) Intro (00:02:32) The UI vs API of a location (00:15:06) DC Black re-opens (00:19:09) Conference woes and funny stories (00:24:14) Pulling the CEO card backfires (00:32:39) We have a branding problem (00:35:27) We had the horsepower to run an epic event (00:36:40) The space is more competitive than ever (00:39:35) Increased financialization in the bootstrapping space (00:43:58) It’s time for the 3,000 day principle (00:48:15) Favorite DCBKK stories Links: Apply for DC Black (https://dynamitecircle.com/dc-black) Does the American Dream Still Make Sense? (https://rameerez.com/does-the-american-dream-still-make-sense/) What’s Up With Austin? (https://perell.com/essay/whats-up-with-austin/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: 4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership (https://tropicalmba.com/episodes/15-year-partnership) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (https://tropicalmba.com/episodes/american-dream-lessons) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (https://tropicalmba.com/episodes/33mil-growth-insights)
11/2/202354 minutes, 15 seconds
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How Anthony Fasano Built a 7-Figure Brand Around a Very Niche Audience

This week, Dan is joined by a listener who wrote in with some compelling insights on community, camaraderie, and what it takes to be a successful entrepreneur. Anthony Fosano, founder of Engineering Management Institute, built a 7-figure brand with a coaching business and a YouTube and podcast network that has garnered over 3 million downloads. They cover many topics like how to leverage skills and resources from your full-time job to start your own business, how to build a business around a very niche audience, and why many entrepreneurs might find themselves coming “full circle” in search of community. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes (0:01:07) Intro (0:03:43) Start a business using your existing skills (0:08:18) Start the hustle before you quit your day job (0:11:51) Build for scale from the get-go (0:14:41) Playing the podcast long game (0:16:52) Make sure your brand represents the right audience (0:23:00) What playing sports says about us as entrepreneurs (0:33:02) What it takes to be successful Links: Engineering Management Institute (https://engineeringmanagementinstitute.org/) Engineer your own success (https://www.amazon.com/Engineer-Your-Own-Success-Extraordinary/dp/0578082284) The Good Life (https://www.amazon.com/Good-Life-Lessons-Scientific-Happiness/dp/198216669X) The Score Takes Care of Itself (https://www.amazon.com/Score-Takes-Care-Itself-Philosophy/dp/1591843472) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Anthony Fasano Additional episodes you might enjoy: Hyper Niche Business Ideas with Big End Game Potential (https://tropicalmba.com/episodes/hyper-niche-business-ideas) Dissecting the American Dream & Business Lessons from the Elon Musk Bio (https://tropicalmba.com/episodes/american-dream-lessons) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (https://tropicalmba.com/episodes/33mil-growth-insights)
10/26/202335 minutes, 41 seconds
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Hyper Niche Business Ideas with Big End Game Potential

This week Dan invites Dana Lindahl, founder of Legendary Podcasts, as a special guest on the pod. They’ll discuss how you can generate cash flow and demand for your product immediately using cold email and identify high-earning potential business ideas by seeking out hyper niches. They’ll also talk about the difficulties of running service businesses, plus the opportunities and the end games, including a strategy called the “Split and Sale.” Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes 0:01:09 Intro 0:03:22 How to get on a podcast 0:07:18 Stumbling into a business idea 0:11:05 What is the arbitrage window 0:21:55 Cold email as a profitable skillset 0:22:20 The new wave of cold email pitches 0:23:56 The best marketing channel for service businesses 0:26:27 How not to suck at email personalization 0:35:04 New business idea 0:44:59 The split and sell method 0:47:35 TMBA is on the blacklist Links: Legendary Podcasts (https://legendarypodcasts.com/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl Additional episodes you might enjoy: When Your Lifestyle Business Can No Longer Support You (https://tropicalmba.com/episodes/lifestyle-business) The Problems Of Being Both An Arsonist And A Firefighter As A Business Owner (https://tropicalmba.com/episodes/firefighter-as-a-business-owner) 4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership (https://tropicalmba.com/episodes/15-year-partnership)
10/19/202349 minutes, 23 seconds
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4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership

Ian and Dan agree that partnerships can create polarized outcomes, either leading to a successful collaboration or a complete failure, depending on a few essential factors they’ve learned over the years. Find out whether they think business partnerships are a net positive or negative amongst the most successful businesses we've seen, and why every partnership would benefit from a business coach. Stick around for a free business idea ripe for the taking. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show notes: - 0:00:43 Intro - 0:02:09 Who speaks at DCBKK? - 0:02:31 Why getting in the right room can be the best thing you ever do - 0:06:36 The highs and lows of business partnerships and if it’s right for you - 0:07:29 Pros and cons of 50/50 partnerships - 0:07:41 Questions to ask yourself before you get a business partner - 0:21:19 Dan’s experience with business coaches takes a positive turn - 0:25:46 How business coaches can help your business partnership - 0:26:08 Types of business coaches and their roles - 0:30:56 Here’s a free business idea - 0:31:47 Tell us how you did it on the TMBA podcast - 0:32:17 Shout out to DCBKK sponsors Links: Mark Zhang (https://www.linkedin.com/in/markxzhang/) Einar Vollset (https://twitter.com/einarvollset) Lucy Simkins (https://twitter.com/LucyBellaEarl) Patt Flynn (https://twitter.com/PatFlynn) Internet Business Mastery (https://www.internetbusinessmastery.com/) - DCBKK (https://dynamitecircle.com/event-collection/dcbkk-2023) is happening next week - DC Black (https://dynamitecircle.com/dc-black) reopens in November Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: Business Partnerships and 6-Figure Launches: A Conversation with Mark Webster (https://tropicalmba.com/episodes/business-partnerships-6-figure-launches) TMBA 693: 5 Things We’ve Learnt From Speaking With 50 Business Owners (https://tropicalmba.com/episodes/5-things-from-50-business-owners) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (https://tropicalmba.com/episodes/33mil-growth-insights)
10/12/202334 minutes, 29 seconds
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Revisiting the History of Digital Nomadism, AI For Connecting Founders, and the Big Focus Problem

This week, Dan & Ian talk about the early days of digital nomadism, what it says about the future, and how to spot new opportunities in life and business. They'll also explore new topics like compound startup theory, why focus can steer you in the wrong direction, and whether TikTok is the blue ocean Amazon was in 2014. Stay tuned to learn about the new AI feature, enabling founders to make connections more swiftly than ever. All this and more in today's fully booked episode, so buckle up and charge your earbuds. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:53 Intro 0:02:58 Childhood lessons that helped us succeed in business 0:08:35 The biggest DCBKK in history 0:10:55 Dan & Ian’s travel tips & never agains 0:13:22 The new AI feature that helps you connect with relevant founders instantly 0:16:04 Is TikTok what Amazon was in 2014? 0:20:39 The problem with limiting definitions and the theory of the compound startup 0:28:20 Reacting to Steph Smith’s take on the history of digital nomadism 0:30:20 A brief history of digital nomadism from our perspective 0:45:54 What does the future look like for digital nomadism? 0:48:40 Why understanding key trends ahead of their time can make for a highly successful business Links: The Secret (https://www.amazon.com/Secret-Rhonda-Byrne/dp/1847370292/ref=asc_df_1847370292/?tag=hyprod-20&linkCode=df0&hvadid=343187902048&hvpos=&hvnetw=g&hvrand=13419185491195641939&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028277&hvtargid=pla-318206917580&psc=1&tag=&ref=&adgrpid=66484626902&hvpone=&hvptwo=&hvadid=343187902048&hvpos=&hvnetw=g&hvrand=13419185491195641939&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028277&hvtargid=pla-318206917580) Dave’s Vice segment about dumpster diving (https://www.youtube.com/watch?v=iR6XFDAfLuk) Dave’s business (https://www.buffalobottlecraft.com/) - Herb Kelleher on Founders (https://open.spotify.com/episode/1gItcgy8FHgOF46TiEjKBL?si=ea68855e8b9c49e0) The Elon Musk biography (https://www.amazon.com/Elon-Musk-Walter-Isaacson/dp/1982181281/ref=asc_df_1982181281/?tag=hyprod-20&linkCode=df0&hvadid=658715255517&hvpos=&hvnetw=g&hvrand=17403256148468025508&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028277&hvtargid=pla-2273195873232&psc=1&gclid=CjwKCAjwgsqoBhBNEiwAwe5w0_Gqotj7nmjvYjFfde0GI_2jCNCQNu6co-Q2PCqA8iskrxbNemtf9BoCSvkQAvD_BwE) Steph’s episode (https://open.spotify.com/episode/1zB29YPDEA8GprPU5pRs7Y?si=47981881a9fd4a5a) TMBA History of Digital Nomadism (https://open.spotify.com/episode/5bF2L6M2rTgcZfXhQNyK6O?si=8a9yWNoBSTevLUIHXotYmA) James Clarke’s Full History (https://www.nomadicnotes.com/digital-nomad-history/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: The History of Digital Nomadism (https://tropicalmba.com/episodes/digital-nomadism-history) Digital Nomad Cities for 2023 and Choosing Between ‘Scaling Up’ And ‘Traction’ (https://tropicalmba.com/episodes/digital-nomad-cities-2023) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (https://tropicalmba.com/episodes/33mil-growth-insights)
10/5/202349 minutes, 56 seconds
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Dissecting the American Dream & Business Lessons from the Elon Musk Bio

Dan & Ian react to a viral article that asks the question: Does the American Dream still make sense in 2023? They point to the internationality of the concept, and muse about how the American Dream is changing and how it’s particularly relevant to digital nomads and founders. Dan also gives a rundown of the Elon Musk bio and extracts the business lessons he gleaned from the book. Lastly, with DCBKK less than a month away, Dan & Ian reminisce about why they started this event in Bangkok over 10 years ago, and why it’s still worth the trip. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:03:12 You can find community in different places - hobbies, church, work, or the DC 0:08:04 The reason we went to Asia and not Silicon Valley back in the day 0:10:20 Is Asia the land of opportunity? 0:14:47 Choosing the prestigious career track or the DIY track 0:16:22 What’s going on with DC Black? Our community for 7 & 8-figure founders. 0:21:20 Breakdown of the Elon Musk bio and The Algorithm 0:33:32 Does the American Dream still make sense? Links: Does the American Dream still make sense? (https://rameerez.com/does-the-american-dream-still-make-sense/) The Elon Musk biography (https://www.amazon.com/Elon-Musk-Walter-Isaacson/dp/1982181281/ref=asc_df_1982181281/?tag=hyprod-20&linkCode=df0&hvadid=658715255517&hvpos=&hvnetw=g&hvrand=17403256148468025508&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028277&hvtargid=pla-2273195873232&psc=1&gclid=CjwKCAjwgsqoBhBNEiwAwe5w0_Gqotj7nmjvYjFfde0GI_2jCNCQNu6co-Q2PCqA8iskrxbNemtf9BoCSvkQAvD_BwE) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour Additional episodes you might enjoy: Moving Back to America… Was it Worth It? (https://tropicalmba.com/episodes/personality-disorders-and-making-money-krd4l) Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits (https://tropicalmba.com/episodes/33mil-growth-insights) Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships)
9/28/20231 hour, 3 minutes, 28 seconds
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Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits

Join Dan for a wide-ranging conversation with Brian, the Founder and CEO of Reforge, as they dive into critical points in his remarkable journey and gained insights from his experience as the former VP of Growth at Hubspot. Brian has started multiple VC-backed companies and shares his wisdom through detailed essays on growth and user acquisition and in a new podcast, Unsolicited Feedback. In this episode, they discuss the factors contributing to growth, what it feels like to have product-market fit, and the keys to building a durable business. They also address the unique challenges bootstrapers face when scaling their revenue to the next phase. Brian's valuable insights are essential for any business founder seeking business growth. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:04:38 Do podcast appearances drive business value? 0:07:38 People follow people, not companies. 0:09:39 What is distribution, and why is it important? 0:10:15 The new distribution playbook 0:17:46 Explaining how the loop concept leads to compounding growth 0:19:36 Know when the buying moments happen and ensure you’re engaging until they do. 0:23:13 How important is founder talent in terms of business success? 0:24:31 Founders need to focus on the 0-1 phase. 0:27:23 “Data can mislead you from customer energy” 0:28:34 Mistakes when trying to unlock the next level of growth0:26:25 Critical customer feedback vs. nice-to-have ideas 0:30:25 That feeling when you find product-market fit 0:38:47 Do you stay or do you grow? 0:39:11 How to build a durable business 0:41:05 Retooling after raising capital 0:42:48 Taking calculated bets on the quest for growth 0:49:46 How to get the most out of on-the-job experience 0:51:28 The best content Brian’s consumed lately Links: Reforge (https://www.reforge.com/) Unsolicited Feedback (https://open.spotify.com/show/7FzVEIBamWnExyJpJ2LCwF?si=f8271632cc704802) Business Hypothesis Canvas (https://brianbalfour.com/essays/business-hypothesis-canvas-reforge) Brian’s essays (https://brianbalfour.com/) Brian on 20Growth (https://open.spotify.com/episode/5Dh7hMhrCQhgXQd5X7d16y?si=F4izBr76RrCjxgwH8Q4znQ) Brian on Noah Kagan Presents (https://open.spotify.com/episode/5PQZhItT41J5BR9Cqw5cTk?si=f_qU2lRPQUujmZlFZuY-DA) Brian on Scale or Die (https://open.spotify.com/episode/5Y1ks7h1hgtmE8yVAnqGQY?si=ZamZlnUFQzO947wuBdCI_w) The Changing World Order by Ray Dalio (https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276) Parker Conrad’s Theory of the Compound Startup (https://www.youtube.com/watch?v=dJ3DT_7jzds) Acquired Podcast (https://open.spotify.com/show/7Fj0XEuUQLUqoMZQdsLXqp?si=ef1069d9d1e04d6d) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour Additional episodes you might enjoy: What Got You Here Won't Get You There (https://tropicalmba.com/episodes/what-got-you-here) Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) 3 Simple Ways to Improve Your Business (https://tropicalmba.com/episodes/3-ways-improve-business)
9/21/202356 minutes, 10 seconds
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The Nomads Dilemma, Anti-Traction Debate, and Summer Highlights

Dan and Ian host a dynamic summer roundup episode, sharing business highlights, dissecting the "nomad's dilemma," and offering their top picks for books and podcasts of the season. Stick around for the latest community news. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:01:54 How to have relationships back home and abroad 0:03:56 Co-locating makes everything better 0:09:51 The anti-Traction manifesto 0:12:12 How to work ON not IN your business 0:16:57 Having goals is crucial at any size 0:23:24 Why you should get serious about meetings 0:30:51 Having an audience is underpriced 0:34:12 Serendipity is underrated 0:35:21 Creating value for your customers in the long term 0:41:03 A true story about entrepreneurship 0:44:59 Our first DC Black exclusive event has launched 0:45:32 Other Community News Links: DC Events (https://dynamitecircle.com/events) DC Black (https://dynamitecircle.com/dc-black) The Costco episode (https://www.acquired.fm/episodes/costco) Jeremy Giffon episode (https://www.joincolossus.com/episodes/79714195/giffon-special-situations-in-private-markets?tab=transcript) Mutiny on the Bounty (https://www.amazon.com/Mutiny-Bounty-Novel-Charles-Nordhoff/dp/0316611689/ref=asc_df_0316611689/?tag=hyprod-20&linkCode=df0&hvadid=312151238048&hvpos=&hvnetw=g&hvrand=11889139160277637423&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028287&hvtargid=pla-466732863543&psc=1&tag=&ref=&adgrpid=61316181079&hvpone=&hvptwo=&hvadid=312151238048&hvpos=&hvnetw=g&hvrand=11889139160277637423&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9028287&hvtargid=pla-466732863543) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: Moving Back to America... Was it Worth It? (https://tropicalmba.com/episodes/personality-disorders-and-making-money-krd4l) Mailbag: What Can Scorecards Do For You? Equity Split Dilemmas (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) The Money Theory of Location And Why Employee Scorecards Are So Helpful (https://tropicalmba.com/episodes/money-theory-location-employee-scorecards) Deceptively simple ways to have a better business (https://tropicalmba.com/episodes/simple-ways-to-actually-improve-your-business)
9/14/202346 minutes, 52 seconds
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Lucy Bella Simkins Built a YouTube Channel with 10,000,000 Subscribers

YouTube creator, English teacher, and CEO Lucy Bella Simkins joins Dan on the pod to share some of the behind-the-scenes challenges, strategies, and reflections on turning a passion project into one of the world’s largest language learning YouTube channels and a thriving 7-figure+ business. She also shares the challenges and pitfalls of building an operation of 15 team members capable of turning viewers into customers. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:06:32 Nurturing your audience 0:08:02 Growing a course business 0:16:06 The turning point 0:22:44 Maker vs manager 0:43:07 The spreadsheet experiment Links: DC Events (https://dynamitecircle.com/events) English with Lucy (https://www.youtube.com/@EnglishwithLucy) Data Driven Marketing (https://datadrivenmarketing.co/blog/how-to-increase-your-revenue-by-being-data-driven/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins Additional episodes you might enjoy: What Got You Here Won't Get You There (https://tropicalmba.com/episodes/what-got-you-here) Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) 3 Simple Ways to Improve Your Business (https://tropicalmba.com/episodes/3-ways-improve-business)
9/7/202350 minutes, 26 seconds
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A Game of Would You Rather ft. Noah Kagan

Summer in Barcelona comes to a close with a game of Would You Rather featuring the CEO of AppSumo, Noah Kagan. Dan challenges him to choose between distributing equity to employees or advisors, investing in “boring” businesses or tech, owning or renting a primary residence, and more. Dan also poses a question to listeners that’s been on his mind: how long should summer vacations be? Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:02:23 Sports over 40 0:03:59 Vacation poll 0:08:26 Would You Rather 0:32:37 Community news Links: DC Events (https://dynamitecircle.com/events) DC Black (https://dynamitecircle.com/dc-black) Darren’s essay (https://upstartist.tv/diaries/in-between/) AppSumo (https://appsumo.com/) 37 Signals profit share (https://37signals.com/why-we-choose-profit/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: What Got You Here Won't Get You There (https://tropicalmba.com/episodes/what-got-you-here) Overrated and Underrated Business Concepts with Noah Kagan (https://tropicalmba.com/episodes/business-concepts-noah-kagan) Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) The Europe Question (https://tropicalmba.com/episodes/europe-question)
8/31/202334 minutes, 20 seconds
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What Got You Here Won’t Get You There

Dan flies solo this week in a 3-part episode where he circles back to a few hot topics that caught some listener’s attention over the last few months. Back in May, Dan shared insights from a book he read called the 5 Types of People Who Will Ruin Your Life. Today he’s sharing a recent story where this came into play. He also shares lessons from the best business book he’s read in the past 6 months (of which he reads about 3 each week). And last but not least, he reaches into the mailbag to share a story from a listener about their Mexican Fisherman Moment. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:01:44 Too old for basketball 0:04:33 Personality disorders 0:11:07 Leadership 0:24:30 Mexican Fisherman Links: DC Events (https://dynamitecircle.com/events) DC Black (https://dynamitecircle.com/dc-black) Language Mentoring (https://www.languagementoring.com/) Clockwork by Mike Michalowicz (https://www.amazon.com/Clockwork-Design-Your-Business-Itself/dp/0525534016) The Checklist Manifesto (https://www.amazon.com/The-Checklist-Manifesto-audiobook/dp/B0031Q9ZWY/ref=sr_1_1?hvadid=241601530794&hvdev=c&hvlocphy=9003540&hvnetw=g&hvqmt=e&hvrand=9562829446745895865&hvtargid=kwd-14787969625&hydadcr=9803_10377300&keywords=the+checklist+manifesto&qid=1692177815&sr=8-1) Scorecards (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) Traction (https://www.amazon.com/Traction-Gino-Wickman-audiobook/dp/B00A9Z973M/ref=sr_1_1?crid=19A7QTUHDLFXW&keywords=traction&qid=1692178108&s=audible&sprefix=tractio%2Caudible%2C231&sr=1-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful (https://tropicalmba.com/episodes/money-theory-location-employee-scorecards) TMBA 707: Deceptively simple ways to have a better business (https://tropicalmba.com/episodes/simple-ways-to-actually-improve-your-business) TMBA 702: Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) TMBA 689: Re-visiting Our Conversation with Seth Godin (https://tropicalmba.com/episodes/seth-godin-akimbo)
8/24/202333 minutes, 7 seconds
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3 Simple Ways to Improve Your Business

Dan raises the question: if you only had to implement one simple framework to improve your business, what would it be? In other words, what’s your minimum effective dose of operational practices? Sometimes–most of the time–one simple change can make a huge difference. Today’s guest represents this line of thinking to a T. Lydia Machova talks about the ROI of spending a month implementing one simple idea, developing an integrator/visionary relationship, and the minimum effective dose of operational practices that improved her business. Lastly, Dan & Lydia talk about how founders often confuse assistance with delegation and how Lydia built an operating system that empowers her team to take ownership, solve problems, and send fewer Slack messages. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/channel/UCHPBISaCA5pVb_U1dq088KA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:02:02 Systems are too complicated 0:04:23 Scorecards, scorecards, scorecards 0:07:20 Delegation vs assistance 0:08:32 DCBKK updates 0:13:42 Becoming an entrepreneur 0:21:48 Perfect integrator 0:27:07 ROI of process 0:37:25 Meeting tempos 0:39:09 Accountability chart 0:42:46 The issues list 0:48:05 Get out from under Links: DC Events (https://dynamitecircle.com/events) DC Black (https://dynamitecircle.com/dc-black) Language Mentoring (https://www.languagementoring.com/) Clockwork by Mike Michalowicz (https://www.amazon.com/Clockwork-Design-Your-Business-Itself/dp/0525534016) The Checklist Manifesto (https://www.amazon.com/The-Checklist-Manifesto-audiobook/dp/B0031Q9ZWY/ref=sr_1_1?hvadid=241601530794&hvdev=c&hvlocphy=9003540&hvnetw=g&hvqmt=e&hvrand=9562829446745895865&hvtargid=kwd-14787969625&hydadcr=9803_10377300&keywords=the+checklist+manifesto&qid=1692177815&sr=8-1) Scorecards (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) Traction (https://www.amazon.com/Traction-Gino-Wickman-audiobook/dp/B00A9Z973M/ref=sr_1_1?crid=19A7QTUHDLFXW&keywords=traction&qid=1692178108&s=audible&sprefix=tractio%2Caudible%2C231&sr=1-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful (https://tropicalmba.com/episodes/money-theory-location-employee-scorecards) TMBA 707: Deceptively simple ways to have a better business (https://tropicalmba.com/episodes/simple-ways-to-actually-improve-your-business) TMBA 702: Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) TMBA 689: Re-visiting Our Conversation with Seth Godin (https://tropicalmba.com/episodes/seth-godin-akimbo)
8/17/202351 minutes, 27 seconds
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Profit vs. Revenue and the Inside Scoop on Events for Founders

Dan (https://twitter.com/TropicalMBA) and Ian (https://twitter.com/AnythingIan) give the inside scoop about their upcoming events strategy and the realization that prompted them to relaunch their hiring search not for an events planner but a business-minded community organizer. In light of resetting the event strategy for 2024, Dan also chats with the DCx London hosts Seonaid Beckwith (https://www.perfect-english-grammar.com/), Noel Andrews (https://jobrack.eu/), and John Ainsworth (https://datadrivenmarketing.co/) about how they pulled off one of the best all-time DC events in London last month. They also give their thoughts in response to a listener's email: should you optimize for revenue growth, profit growth, or both? Dan and Ian share frameworks for thinking about this and how they think about revenue and profit in their business. Plus, stick around til the end for a first-timer's guide on how to max out your DCBKK experience if you're going (or thinking about going) for the first time. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/channel/UCHPBISaCA5pVb_U1dq088KA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:02:40 Profit vs revenue 0:06:05 Revenue growth to exit 0:06:35 Conflating profit with personal income 0:07:21The Bezos strategy 0:08:19 Profit first 0:12:35 Classic systems 0:14:00 Superhero profitable 0:15:50 ROI framework 0:21:44 Our 2024 event strategy 0:24:18 Join our team 0:30:05 How to throw a great event 1:05:53 First-timer’s guide to DCBKK Links: Join our team (https://dynamitejobs.com/company/dynamitecircle/remote-job/community-event-coordinator) DC Events (https://dynamitecircle.com/events) DC Black (https://dynamitecircle.com/dc-black) 7 Powers by Hamilton Helmer (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319) Profit First by Mike Michalowicz (https://mikemichalowicz.com/profit-first/) The Art of Gathering by Priya Parker (https://www.amazon.com/The-Art-of-Gathering-Priya-Parker-audiobook/dp/B07B4HV9K7/ref=sr_1_1?hvadid=580651322835&hvdev=c&hvlocphy=9003540&hvnetw=g&hvqmt=e&hvrand=8471998563066358848&hvtargid=kwd-425637140099&hydadcr=21934_13324197&keywords=the+art+of+gathering+priya+parker&qid=1691583933&sr=8-1) The 2-Hour Cocktail Party by Nick Gray (https://www.amazon.com/2-Hour-Cocktail-Party-Relationships-Gatherings/dp/B0B679PZ89/ref=sr_1_1?hvadid=631492202808&hvdev=c&hvlocphy=9003540&hvnetw=g&hvqmt=e&hvrand=5362937297423595432&hvtargid=kwd-1674748472321&hydadcr=7665_13589719&keywords=two+hour+cocktail+party&qid=1691583978&sr=8-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas (https://tropicalmba.com/episodes/how-to-create-employee-scorecards) TMBA 702: Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) TMBA 689: Re-visiting Our Conversation with Seth Godin (https://tropicalmba.com/episodes/seth-godin-akimbo) TMBA 711: “Money is Your Responsibility” + News Updates (https://tropicalmba.com/episodes/money-is-your-responsibility) TMBA 707: Deceptively simple ways to have a better business (https://tropicalmba.com/episodes/simple-ways-to-actually-improve-your-business)
8/10/20231 hour, 14 minutes, 24 seconds
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TMBA 713: How to Build an AI Startup with Jodie Cook

Dan Andrews (https://twitter.com/TropicalMBA) talks to Coachvox.ai founder Jodie Cook (https://twitter.com/jodie_cook) about her methods for building an AI startup from scratch, how to have the most productive and enjoyable month of your life and more. Jodie is full of experience and wisdom, and this was a fun one. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/channel/UCHPBISaCA5pVb_U1dq088KA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:09:42 The Lifestyle Design Game 0:18:29 Being a Change CEO 0:23:47 Building an AI coach 0:28:19 Client Alignment 0:35:16 Team User Manuals 0:40:25 Work & Wellness Holiday 0:45:36 Polarized Travel Links: Coachvox AI (https://coachvox.ai/) AI business coach (https://www.jodiecook.com/ai/) How to think like a founder (https://www.forbes.com/sites/jodiecook/2023/04/19/how-to-think-like-a-billionaire-founder-7-powerful-mindset-shifts/) How Elon Musk solves problems (https://www.forbes.com/sites/jodiecook/2022/12/01/how-elon-musk-solves-problems-4-key-frameworks/) How to use AI to revolutionise your business (https://www.forbes.com/sites/jodiecook/2023/04/27/how-to-use-ai-to-revolutionize-your-business-4-simple-steps/) The biggest business challenges for ENTJ / INTJ entrepreneurs (https://www.forbes.com/sites/jodiecook/2023/01/09/the-7-biggest-challenges-entj-and-intj-entrepreneurs-face/) Living on a beach resort (https://www.jodiecook.com/beach-resort-lifestyle-experiment/) Ten Year Career (https://www.jodiecook.com/ten-year-career/) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: TMBA 627: Building an Agency You Can Exit From (https://tropicalmba.com/episodes/jodie-cook-agency-exit) TMBA 702: Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) TMBA 678: Evolving An Agency, With SaaS Mistakes Along The Way (https://tropicalmba.com/episodes/evolving-an-agency) TMBA 712: Business Partnerships and 6-Figure Launches: A Conversation with Mark Webster (https://tropicalmba.com/episodes/business-partnerships-6-figure-launches) TMBA 707: Deceptively simple ways to have a better business (https://tropicalmba.com/episodes/simple-ways-to-actually-improve-your-business)
8/3/202348 minutes, 17 seconds
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TMBA 712: Business Partnerships and 6-Figure Launches: A Conversation with Mark Webster

Dan Andrews (https://twitter.com/TropicalMBA) talks to Authority Hacker co-founder Mark Webster (https://twitter.com/markwebster1) about successfully transitioning from an agency model to a multimillion-dollar course business. They talk about navigating 50/50 partnerships, why starting a course business isn’t for everyone, and what you can build with a laptop, a dream, and cheap accommodation. Dan & Ian’s Stuff: “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/channel/UCHPBISaCA5pVb_U1dq088KA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes: 0:00:00 Intro 0:11:01 The audience is the hard part 0:18:47 The start of authority sites 0:28:52 Becoming business partners 0:35:38 Outgrowing your agency 0:44:59 Getting to 7-figures quickly 0:50:40 50/50 partnership pros & cons 0:56:48 You made it, now what? Links: ● Authority Hacker: https://www.authorityhacker.com/ ● The Ultimate Product Launch Plan: https://videofruit.com/blog/product-launch/ ● American Icon: https://www.amazon.com/American-Icon-Mulally-Fight-Company/dp/0307886069 Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan Additional episodes you might enjoy: TMBA 706: 5 Things Founders Often Misunderstand about Exiting Their Business (https://tropicalmba.com/episodes/5-things-to-know-when-exiting-your-business) TMBA 702: Millions for Podcasts and Jay Clouse on Memberships (https://tropicalmba.com/episodes/jay-clouse-on-memberships) TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful (https://tropicalmba.com/episodes/money-theory-location-employee-scorecards) TMBA 678: Evolving An Agency, With SaaS Mistakes Along The Way (https://tropicalmba.com/episodes/evolving-an-agency)
7/27/20231 hour, 26 seconds
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TMBA 711: “Money is Your Responsibility” + News Updates

Two months ago, Dan & Ian were limited by their lack of visibility into their business finances. They fired their bookkeepers, hired a financial professional, and with their financial house in order, they’re able to agree on top-level strategies and move with speed. Plus, friend of the pod and financial expert Sam Hill (ecomcfo.co), shares what 7-figure agency owners should be paying for financial services and expertise. Pull Quote: “It's your responsibility as the owner, period. It's the management's responsibility for the numbers. And if you're not getting what you want from the person that you've hired, whether it's in-house or outsourced, it's your responsibility to fix it.”
7/20/202337 minutes, 26 seconds
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TMBA 710: The Wheel of Despair and the Paradox of Growth

Dan and Ian have had hundreds of conversations with founders in 2023 so far. In today’s episode, they share two major challenges that are coming up for 6 and 7+ figure founders. They’re calling these challenges the Wheel of Despair and the Paradox of Growth. Contrary to what the popular business literature says about overcoming these challenges, Dan and Ian offer some alternative frameworks for how you as the founder can address them. “The secret is: that is not the question you need to answer. It is: where's the next million in revenue coming from? That is the question that needs to be answered. And I think that's where the bravery, the excitement, and the fear come in. You don't always know, and you’ve got to figure it out. That's your job as a founder.”
7/13/202336 minutes, 20 seconds
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TMBA 709: How (Not) to Lose Money with Taylor Pearson

This week’s guest is a TMBA all-timer. Taylor Pearson is an entrepreneur, writer, and co-founder of Mutify Funds. He joins Dan to catch up on what he’s been up to lately, and shares five frameworks he’s adapting in his business after “messing up” over the last two years. “...like many people, I've sat down and read the business book and thought about the principles of the business and what are important and written them down and had this very nice, you know, Google Doc, with examples of these principles being followed and these principles not being followed. And I have put that Google doc into my nicely organized standard operating folder, and then that Google doc has sat there for months or years without seeing the light of day.”
7/6/202335 minutes, 36 seconds
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TMBA 708: The Path to 7-Figure Passive Ownership + We’re Hiring

Today’s guest is one of Dan’s favorite people to talk business with. Justin Tan grew his productized video-editing agency to 7 figures in 2 years and “retired” in 4. Now he helps burnt-out mid-6-figure agency owners become 7-figure passive owners without the 60-hour workweek grind. Join Dan and Justin as they geek out on the pumpkin plan, the trouble with blindspots, and some common mistakes business owners make. Justin just so happened to give Dan and Ian some pro bono consulting last summer in Barcelona, so they’ll chat about how that advice is panning out… Plus, we’re hiring an Events Manager to help us take our global community events to the next level. Head to dynamitejobs.com to apply or refer a friend. “You keep on promoting people you are familiar with because you like that dynamic. You are familiar with that dynamic. I am their boss, I tell you what to do. But at some point, you need to make that mentality switch. And this goes back to the operator owner where I tell them what to do. Instead, it needs to be they tell me what to do or what is needed, and I am the one who enables them to do that.”
6/29/202350 minutes, 6 seconds
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TMBA 707: Deceptively simple ways to have a better business

In today’s episode, Dan talks with agency owner John Ainsworth about how implementing seemingly small, simple changes allowed him to take most of last year off, while his business still grew 30%. They discuss the modern business philosophies of Traction and Scaling Up and how sometimes those books leave you feeling overwhelmed. Dan’s perspective is that sometimes the biggest ROI comes from the changes that are deceptively simple, maybe even boringly simple. “People think of traction as a mechanical system that all works together and fits together. So, when you get to the end of the book, you think three things. Number one, I have to do it. Number two, I am definitely a visionary, not an integrator. And number three, I'm guilty relative to the percentage of all this that I've implemented. And so my philosophy is really just take one thing and do it, and your business will be better in the morning.”
6/22/202345 minutes, 29 seconds
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TMBA 706: 5 Things Founders Often Misunderstand about Exiting Their Business

Some bootstrapped entrepreneurs are fortunate enough to exit their businesses for life-changing money, but that’s not always the case. Today Dan talks to Einar Vollset, about the key mistakes founders often make when exiting their business. Einar is the Founder and Managing Partner of Discretion Capital, a Partner at TinySeed, and YCombinator alumni. In his experience, he says that many bootstrapped and startup founders alike often have blindspots that prevent them from having the best exit possible. “In some cases, bootstrappers end up with basically a stagnating business and one of the main mistakes you can do in terms of m&a is to wait and just let your business stagnate because it really hurts the value of the asset that you have.” Stick around til the end when Einar shares the 5 things founders often get wrong when exiting their business.
6/15/202345 minutes, 2 seconds
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TMBA 705: 6 things we’ve learnt about having good (and bad) business ideas

Today Dan and Ian analyze different frameworks for developing a good business idea, and reflect on how they didn’t always follow their own advice. They cover 6 idea frameworks: ‘Find a Channel, Not an Idea’, ‘The Classic Entrepreneur’s Venn Diagram’, ‘The Slippery Slope Arbitrage’, “Make it Incredibly Difficult and Pointlessly Complicated’ and ‘Polarize Your Range’. “You only need to answer one question, which is not do I hustle? Or do I chill? Or do I have the spirit or am I creative enough? It is simply, can I reliably and repeatedly get customers?” Stick around until the end of the show for a walk with Dan and Ian down the Boulevard of Broken Dreams, aka their domain registrar account.
6/8/202345 minutes, 47 seconds
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TMBA 704: Moving Back to America… Was it Worth It?

In what could be a polarizing conversation for the pod, Dan and Ian discuss one of the most popular threads in the TMBA community this year: Is living in America worth it? They address the pros and cons of life in the US vs abroad and challenge the bigger questions about the values that pull some of us back to our home country, and the luxuries that make the digital nomad life so appealing. We’d love to hear you stand, and what other topics you want to hear on the pod (tweet us @TropicalMBA). We’ll be back next week with our regularly scheduled business programming (we promise).
6/1/202338 minutes, 37 seconds
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TMBA 703: Counting Money Is Making Money + High-Conflict Personalities

Dan and Ian deep dive into the high-conflict personalities that could derail your business and how the role of finance changes as you grow out of one phase of your business and into the next. Lastly, in a throwback to the early days, Dan shares his latest “travel tips” as he prepares for summer in Europe. “...a lot of what having a good life is, from my perspective, is not wasting your time, not getting caught up in problems, and avoiding people who could derail your ambitions. Sometimes it's a little bit harder than advertised, because it can be subtle. So having a framework for anticipating it and avoiding it in advance before you get into any kind of problems, I think is extremely powerful.”
5/25/202341 minutes, 42 seconds
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TMBA 702: Millions for Podcasts and Jay Clouse on Memberships

Dan Andrews (@TropicalMBA) talks with Jay Clouse (@jayclouse) about his $400K membership site, becoming a professional creator, and winning CEX Content Entrepreneur of the year. Jay Clouse, founder of Creator Science, long-time listener, and former guest of the pod is back. In early 2018, Jay joined Dan and Ian on the show to talk about some of the challenges he was facing as an early-stage entrepreneur just eight months into his journey. Fast forward to today. Five years later. Jay is back to update us on how he went from barely scraping by in 2018 to building a waitlisted community of 200 creators, and being an influential professional creator himself. He also gives Dan some advice on how to be good at Twitter.
5/18/20231 hour, 27 seconds
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TMBA 701: Your 5 Closest Friends

On today’s show Dan tests out the theory that the most important factor in your business success might be choosing the 5 key friends you put yourself around. This idea was prompted by a conversation with Simon Treulle, founder of digital media site Pangolia and the e-commerce pet furniture brand Hepper. When he was 19 years old Simon heard about an SEO conference that was happening in Chiang Mai. So he took a chance, bought a plane ticket, and left his home city in Denmark to put himself around people who might help him on his entrepreneurial journey. Today Simon has a team of over a hundred and very successful businesses. He strongly believes the support and ’tough love’ from the friends and mentors he found in that beautiful walled city in the North of Thailand was instrumental: “One of the first days I was lucky enough to go to a Korean barbecue with two of my good friends today. And they pretty much grilled me on my business. Because my business was pretty much failing at that point. So they were like, ‘Hey, why are you overpaying for content? Or why are you doing it this way?’ I was super overwhelmed …. I've been working for a couple of years on this online marketing and content stuff and here I am sort of being told that what I do is not really the way to get success with it. So that was hard to swallow …. because I wanted this lifestyle so much. I wanted to live in Chiang Mai.”
5/11/202341 minutes, 25 seconds
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TMBA 700: Biz Model Mock Draft + Once Upon a Time in Mexico

On today’s show Dan shares some of the highlights of bringing together 200 entrepreneurs in Mexico City for this year’s DCMEX. And he also invites ‘friend of the show’ Travis Jamison to play the ‘Biz Model Mock Draft’ game asking, ‘If you had to ‘draft’ one of these to be your top business model to create or invest in for 2023, what would it be: Software as a Service, Agency, Communities, Publishing and Courses, Fund, Ecommerce or Marketplace?’ ‘Communities are probably more robust, assuming you get a good one. As the internet gets weirder and weirder (and) AI upcoming everywhere and taking over everything, you assume that most content is going to be AI generated. With all the deep fakes … you won't be able to trust any opinion, just like when you search “best vacuum cleaner” on Google …. So where do you go for authenticity? Small groups, people you trust, curated groups. And so communities become more valuable that way.’
5/4/202335 minutes, 14 seconds
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TMBA 699: Secrets of a 7 Figure Brand

Design is often, strangely, one of those things that bootstrappers tend to think about either too early or too late. Today’s show offers the case for integrated brand design from the get go. And it doesn’t need to cost thousands of dollars. The TMBA site recently got a fresh lick of paint with a new logo. This week Dan talks to its creator, Sharif El Komi, founder of Komi Studio. Sharif shares some of the mistakes he’s seen brands making when it comes to design, why he thinks the recent ‘Wise’ re-brand is a triumph, and how being daring can immediately give small business an edge on bigger competition: ‘It's a lot about risk as well. That's why branding is also a very strong weapon for the smaller guys to use. Because doing the crazy thing … with your logo, but also with your general brand, even non design stuff, like copywriting, all the kind of funnels into your brand, doing the crazy stuff and … doing the edgy, risky moves, the big guys aren't doing that in any industry because … it's really difficult for them to change anything about their logo, their colours, the voice of how they do any copywriting because if they do, they risk losing big.’
4/27/202340 minutes, 56 seconds
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TMBA 698: Investing and The Price of Time

It’s an evolving economic landscape out there: interest rates are up, high paying tech jobs are down. One bank has collapsed and crypto doesn’t seem to be the panacea that some wished. On this week’s show we’re talking investing - the opportunities, possible pitfalls and safe bets. Travis Jamison is founder of the SEO agency Smash Digital, and also owns an e-commerce supplement brand. But in recent times, through his newsletter and online community Investing.io, he’s been focusing on investing in other online business opportunities and also assets like stocks and crypto. He talks to Dan about where he’s currently putting his money and who he sees as the winners and losers in the current economic situation. “Cash gives you optionality. People like to say that it allows you to buy deals when things are cheap. That's definitely true … but it also keeps people from making bad decisions. Liquidity is everything. You don't want to be forced to sell, especially when stuff is really bad. That's the worst time to sell. So keeping a cash, a heavy cash position, can just help you wait out the dips without the bad times and just stay invested in compounding over the long term. That's how you win over time.”
4/20/202334 minutes, 45 seconds
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TMBA 697: This Founder Created a 45 Person Multi-7 Figure Business From a Podcast

The story of how Property Hub, now a multi-7 figure online community and real estate acquisition and management business, was built from a podcast, a book, and a strategy of abundance. When Rob Dix started co-hosting The Property Podcast a decade ago he had no idea of the traction it was getting until they announced their first ‘in person meet-up’ for listeners and hundreds of people showed up. Today the show is downloaded by 400,000 each week. Rob Dix talks to Dan about the reasons he continues to create most of Property Hub’s content himself, and the schedule he uses to achieve it. They also discuss why Rob decided to sign a two book deal with a major publisher and why he believes their ultimate ‘competitive advantage’ is ‘giving more away for free than anyone else’.
4/13/202347 minutes, 5 seconds
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TMBA 696: The Current Landscape for Bootstrapped Businesses with Rob Walling

The first quarter of the year has been volatile for many large US-based tech companies, with thousands of staff layoffs. Inflation and the collapse of Silicon Valley Bank have added to the sense of uncertainty. Yet, through all of this. bootstrapped businesses have proved remarkably resilient. On this week’s show Dan talks to Tiny Seed founder Rob Walling about how the economies of running smaller online businesses enable them to be nimble and resourceful in all circumstances. They also discuss Rob’s forthcoming book The SaaS Playbook, what it takes to build a Unicorn (and do you want to go there?) and the potential impact of AI: “It’s both over-hyped and under-hyped. Just like I think the Web was and just like I think with Web3, and crypto and blockchain … (they’re) not dead. Like I hear people saying, ‘Is crypto even worth anything anymore?’ It's still a thing. And I don't just mean Bitcoin as a currency but the idea of a blockchain, these have applications that will carry on. That's how I think of AI. I think if I was an employee today, or I was doing low skilled work, I would be shaking in my boots. For smart entrepreneurs, it is much like offshoring was - being able to hire a developer in the Philippines in 2009 changed the way I could operate business. I think AI is the same”.
4/6/202346 minutes, 11 seconds
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TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful

The ‘Money Theory of Location’ argues that calculating 4x the average salary in the place you choose to live, whether that’s Mexico City, or Bangkok, or New York is a good indication for the amount of money you’ll need to achieve a great standard of living there, and a lot of potential for freedom in your life.. On this week’s show Dan and Ian talk location arbitrage, including their regrets about moving to San Diego and not San Francisco when they were straight out of college: “There's a little bit of naivete, a lot of naivete, in a 21-year old Dan saying, ‘Just because California is a state with opportunities, because there's a lot of big houses there and stuff, that that means that that has anything to do with you’. You have to decide what you're doing, and how that would align up with that small tribe of people that are doing those things, and where those people are”. They also offer some thoughts to a listener who has moved his freelancers to full time contracts. He’s seeing some decrease in productivity and is wondering what to do about it.
3/30/202339 minutes, 35 seconds
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TMBA 694: A 6-Year Journey to 7 Figures by Not Productizing

How one entrepreneur has achieved huge growth in his business by ditching the low-cost ‘productized service’ model and pursuing upmarket enterprise clients. That person is Harry Morton, founder of the podcast production service Lower Street. Harry talks to Dan about how pivoting has allowed him to reach a low to mid seven figure annual revenue, and grow a team of over 20. They discuss why building a network and evolving a strong company culture has been so crucial, the importance of getting a grip on your financials, how accepting who you are and what drives you is crucial, and the challenges and opportunities afforded by AI: ‘I think that while AI is coming for all of our lunches it's coming for the productised end first because you have a very clearly defined list of deliverables and you point Chat GPT or whatever at it and it's not going to take too long, I don't think, for that to catch up and make the make the drop the price even further. So I think for anyone in an agency business, certainly something I spend a lot of time thinking about is: How is AI going to affect us? How do we incorporate AI? How do we embrace it?’
3/23/202358 minutes, 42 seconds
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TMBA 693: 5 Things We’ve Learnt From Speaking With 50 Business Owners

Today Dan and Ian reflect on some of the key observations they’ve taken away from calls with over 50 business owners during the launch of their implementation program ‘DC Scale’. And, this being the TMBA, there are 5 categories: ‘The $500K Stall’, ‘The Solo Recording Artist Mentality’, ‘Pulling Punches’, ‘Grade A at Hiring But Grade B at Managing’ and ‘The Cloak of Invisibility’: ‘Even today, when there are more people to follow then followers, and everybody's a brand … Most of these entrepreneurs are just not brands. And they really don't need to be. The vast majority of people we spoke with have a personal network, they are using channels like events, industry contacts, and referrals to bring in the key relationships that they need in their business. They're not necessarily using internet marketing funnels to bring in customers’. Dan and Ian also give their take on how and why the ‘Visionary vs Integrator’ definitions came about, and how useful they are, and share thoughts on the pros and cons of the ‘4 Day Work Week’.
3/16/202338 minutes, 18 seconds
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TMBA 692: The Rewards and Sacrifices of Going Big

The story of Going touches on so many themes we’ve been following on this show for over a decade. Going’s original incarnation, ’Scott’s Cheap Flights’, came on the scene in 2013. And it started out mostly as a newsletter for digital nomads seeking the most cost effective ways to travel around the world, nerd out on ‘mistake fares’ by airlines, and other things of interest in the travel space. Today Going has over 60 employees and is a very substantial business, offering a range of options to its subscribers. On this week’s show Brian Kidwell talks to Dan about his personal journey from solopreneur to CEO of Going, the challenges of making that transition, the importance of seeking product market in whatever you’re working on, and finding time for ‘deep work’: “How can I have enough hours in the day to give the proper thinking, my best thinking, to the things that I need to work on? Because those things now have much more downstream impacts than before. It's like editing code, or responding to somebody - and I'm not trying to downplay them, because those are very important - but it was different for my brain … Now I can't work as long as I used to … I can't provide great thinking for 12 hours a day.”
3/9/202331 minutes, 52 seconds
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TMBA 691: Making Things Incredibly Difficult and Pointlessly Complicated

TMBA has followed Tommy Griffith’s story for nearly a decade, watching his ‘dorky’ side-hustle teaching weekend SEO classes evolve into ClickMinded, a substantial online education portfolio. On today’s show Tommy talks to Dan about how ClickMinded has evolved further, with the help of a new CEO, to a white label documentation provider which turned over $2.3M last year. And he reflects on why he seems to have taken almost every ‘incredibly difficult and complicated option’ to get to where ClickMinded is today: “I think it was arrogance. We had this idea that we were an Ed tech company, that we were creating these online courses. I think there was also some sunk cost fallacy going on. I mean, we had 85 hours of HD videos, seven instructors, and some universities were using our courses … The product was great, we were super proud of it, and it took a lot of work to do. So the fact that people were saying, ‘Actually, can I just pay for all of these Google Docs’. It was a little hard to face that music.”
3/2/202336 minutes, 53 seconds
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TMBA 690: Talking Content, Data Driven Decisions and Growth with Steph Smith

When starting a business or advancing your career, or even just seeking to increase your public profile, it’s a savvy move to build momentum through content, and specifically by focusing on a particular channel. Today’s guest is an expert at doing just that. Steph Smith is the author of ‘Doing Content Right’. She’s also the host of the a16z podcast and ‘The Sh*t You Don’t Learn in School’. Steph talks to Dan about the opportunities being a creator opens up, tips on how to choose the right channel for what you’re trying to achieve, and why being data driven is so fundamental to achieving growth: “If you are doing a good job with growth, data should rule the day. You should be able to clearly say, ‘here's an aspect of our funnel that we want to run a test on, because we believe it has this upside’. And you run the test …. I've gone on to other companies that were way less data driven. That's honestly something that I really struggle with because when you are in situations where you are having to kind of say, ‘hey, let's do this project, I think it'll maybe have some impact’. It's just not compelling to me. I think most things at a company should be pretty data driven”.
2/23/202352 minutes, 25 seconds
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TMBA 689: Re-visiting Our Conversation with Seth Godin

Today's guest has been massively influential on Dan and Ian from the very start of their journey. Seth Godin is something of a legend in entrepreneurial circles, and he hardly needs an introduction.His books about marketing, creativity, building companies and personal development include Purple Cow, Meatball Sundae, The Dip, and Linchpin. They are frequent recommendations on this podcast and have long been shared among our listeners. In addition, Seth has founded an intensive four-week alternative online MBA called altMBA. He has also created several podcasts including the popular Startup School and Akimbo. Today's show features a wide-ranging interview, which touches on a variety of topics including Seth's history as a writer and podcaster, what the business world can offer society and much more.
2/16/202350 minutes, 27 seconds
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TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas

“This is an exciting podcast about traveling to tropical islands. And we're talking about employee scorecards.Why?” On this week’s show Dan and Ian share why they’ve introduced employee scorecards to their business, and how they’re helping establish more accountability, creativity and legibility in many different ways. They discuss the practicalities and principles of scorecards, the reasons they are so useful for both full-time staff and contractors, and why they are often welcomed by team members. They also give their thoughts in response to a listener email about one of the most frequently raised dilemmas in the startup world: how to handle equity splits when one person is doing the lion’s share of work while the other business partner still retains a full-time J-O-B.
2/9/202342 minutes, 32 seconds
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TMBA 687: 5 Strategies To Double Your Business in 2023

As Dan recently reflected in the annual TMBA review, he and the Bossman saw their business almost double its revenue last year. On this week’s show Dan and Ian reflect on some simple principles or strategies that might help them and other business owners achieve the same in 2023. Now, as this is the TMBA podcast, they have to come in 5’s. Dems Da Rules. They include niching down to blow up, why playing with pricing dynamics can be so powerful, and the opportunities lifestyle businesses often miss by not defining clear strategies: ‘What is a strategy? It is a painful constraint about your mission in the marketplace, and how your entire operation is roped into that promise … (it’s saying) our strategy is going to be 100% organised around this deliverable. And because the whole organisation is organised around that, we can't be copied easily. That's the idea. We cannot be copied, we will sit alone in the marketplace.”
2/2/202342 minutes, 2 seconds
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TMBA 686: Preparing To Take Time Away From Your Business

As Dan prepares to leave Barcelona after a month-long stay, this week’s show is all about being able to take time away from your business. Because that is, after all, one of the reasons many listeners to this show are creating lifestyle businesses - whether it’s for parental leave, to pursue a sport or hobby, or perhaps some very necessary mental health wellness. Both Sam Floy, founder of Cofruition, and Neil Callanan, founder of LooseGrip, have planned and executed successful sabbaticals. They share the reasons why, how they planned for it and some of the positive impacts it had on their businesses: “Maybe this is a male thing but you are less important than you think you are. And that was abundantly clear. I like to feel important, and I like to feel like my clients need to talk to me, and I need to set the direction for our team when working on a creative project or software thing. Turns out that's not actually true at all right? The team did great without me. Clients didn't feel a dip, really.”
1/26/202330 minutes, 36 seconds
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TMBA 685: From Agency to COO to CEO - A Case Study From SPI

Agencies: creating them, the opportunities they offer, and some of the issues running them can create has been a long running theme on this show. Today Dan talks with Matt Gartland who ran a successful creative agency for eight years before partnering with one of his then clients, Pat Flynn, and eventually becoming CEO of Smart Passive Income (SPI). Matt discusses how he’s helping SPI develop further as a diverse media brand, ways of managing a growing team, and how he sees online communities evolving: “The primary value of these community based experiences is less the content, even though the content is important. It's more the network, the network of the people, the peer to peer interactions, the habits and experiences that you ritualize within these communities based on experiences. You need good people to be able to facilitate and foster those.”
1/19/202340 minutes, 45 seconds
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TMBA 684: Personal Productivity vs. Business Productivity

Business processes and systems have been an emerging theme on this show recently, and today Dan reflects on why, and where they fit into the entrepreneurial journey. This often starts with personal growth through things like maximizing your health, reading, making connections, and maybe therapy. The second stage of advancing small businesses is frequently through different sorts of coaching. But, at some point, owners tend to hit roadblocks that can only be overcome by deploying systems rather than constantly fighting fires. Today’s guest, Aaron Lynn, has dug deep on this, at colleges, in businesses he’s founded and as a business systems consultant. He joins Dan to talk about the importance of quick wins as well as long term strategy, the difference between personal and business productivity systems, the importance of meeting cadence, and a whole lot more.
1/12/202325 minutes, 40 seconds
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TMBA 683: The Successful Business That Grew Out Of A Family Emergency

Happy 2023 to all our listeners. The focus of this show has always been freedom, whatever that means to you. This pod is a judgement-free zone. It might be freedom to travel, to spend more time with family and friends, to work in a certain way, or with certain values, to give back to your community, or to support loved ones. Or just not to have a traditional J-O-B. Today’s guest Davis Nguyen initially founded My Consulting Offer, which helps people get management consulting jobs, to raise some ‘money in hand’ to pay a family member’s emergency medical bill. But it’s grown into so much more than that - a business that allows him harass his skills and to live life on his own terms, terms that just weren’t open to him when he was working for top consulting firm Bain & Company: ‘I loved the management consulting job. I love the fact that you get to work with really smart people … I just didn't like the fact that I couldn't take time off as much as I wanted … I remember my first year I literally went to negative vacation days because I wanted to take a trip to Japan. And, by the time I came back, basically HR said, ‘Alright, Davis, you have negative five days. Now basically, you can't take vacation for the next year.’
1/5/202334 minutes, 26 seconds
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TMBA 682: Revisiting Some of Our Favorite Moments from 2022

2022 has been the year that we all got on the road again. Dan and Ian spent the summer in Barcelona, Spain and hundreds of members of the Dynamite Circle met up to forge new friendships and partnerships, socialize, swap stories and strategies, and a whole lot more. Through it all, we have been fortunate to talk to some incredibly captivating entrepreneurs on this podcast. In today’s episode, we are revisiting some of our favorite moments and themes from the podcast this year, including thoughts about investing, the challenges of systemizing your business and motivating a team, what bootstrappers can learn from private equity firms (and vice versa), thoughts about the ‘anti-work movement’ and the amazing opportunities offered by living in a place with a lower cost of living than the West but equally great resources.
12/29/202239 minutes, 31 seconds
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TMBA 681: Our Take On The Parable Of The Mexican Fisherman And Year End Thoughts

As 2022 draws to a close Dan and Ian are in a reflective mood. In this week’s show they ponder the ‘lifestyle business take’ on ‘The Parable of the Mexican Fisherman’ and come up with an alternative interpretation involving YouTube. They also discuss some the positives and negatives of their own business year including the results of their ambition to scale Dynamite Jobs, the power of reconnecting in person with colleagues, friends and mentors, and why alignment between founders is critical: “I think we can up the leadership game a little bit. And a lot of that is about figuring out these concepts and ideas that scale through the organisation and create alignment. It’s creating empowerment and autonomy in each individual actor to know that they're doing meaningful things on a day to day basis. That level of leadership is a tough nut to crack”.
12/22/202246 minutes, 5 seconds
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TMBA 680: Mailbag: Permission vs Forgiveness, B2B vs B2C, And ‘The SOP Question’

On this week’s show Dan and Ian respond to some listener comments and questions including non-competes and potential conflicts of interest with your current employer when you’re thinking of starting an entrepreneurial side-hustle: “You’ve got to understand that, hey, there's three lawyers sitting in that office down there. If I take this vulnerable idea to them they're gonna say, ‘No’. I am not going to allow my life to be affected by a Mall Cop, or whatever .. when we say risk in entrepreneurship, it's the emotional risk of owning that and not asking for permission”. They also give their takes on the rewards of creating B2B versus B2C business, and why SOPs haven’t been mentioned on the show for quite some time.
12/15/202236 minutes, 6 seconds
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TMBA 679: News Updates + “The Number”

On a recent show Dan and Ian touched on ‘the lifestyle ladder’, and what different levels of personal wealth can mean in your life. Following that they received an interesting email from today’s guest Matt Paulson who today shares why he’s found that achieving substantial personal wealth raises fundamental questions about how you want to spend that money, especially in relation to assessing investment opportunities, raising a family and contributing to a community you value: “My strategy is to create as normal of a childhood as possible for my children. So our house cost half a million dollars … I walk my kids to elementary school every morning. We fly private sometimes, we stay in fancier hotel rooms but the day to day is pretty normal .. I think if I can not set unrealistic expectations about what life is like when they're young, they'll carry over to when they're adults”. Dan and Ian also discuss the incredible opportunities opened up by the recently launched Open AI tool ChatGPT, and some exciting news about their latest product DC Scale, created out of their own frustrations establishing operational management systems within their own businesses.
12/8/202240 minutes, 4 seconds
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TMBA 678: Evolving An Agency, With SaaS Mistakes Along The Way

When Johnathan Solorzano, founder of Solo Media Group, joined us on the podcast just over two years ago his agency focused on broad ‘white label work’, which he aptly described as ‘doing all the work and then someone else passes it off as their own’. Today, through what he learnt from doing that, he’s niched Solo Media to focus entirely on Shopify clients. Jonathan talks to Dan about how this evolution has provided him with a much more stable portfolio and revenue, and also why he feels ‘got distracted’ and wasted a year trying to develop some ‘Software as a Service’ products. He also discusses how creating a social media presence has helped his personal and agency profile, and why you don’t need to have thousands of followers to achieve that: “I’m not doing it for clicks. I'm not doing it for likes, and I'm not doing it for followers. I’m literally doing it to answer questions that I know people have. So some of my videos are like, ‘Whoa, this was like a $20,000 question’. If the right person sees this and sees they can save so much money .. To me, that's enough.”
12/1/202231 minutes, 3 seconds
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TMBA 677: Digital Nomad Cities for 2023 and Choosing Between ‘Scaling Up’ And ‘Traction’

Some call it ‘revenge travel’, others just call it ‘getting back to normal’ but people in the location independent community are, for sure, hitting the road again. In this week’s show, Dan and Ian look at what factors feed into creating ‘digital nomad hotspots’, and the possible new emerging cities suggested by listeners of this podcast, and members of the ‘Dynamite Circle’. They also discuss how they are going about implementing systems in their newest business, ‘Dynamite Jobs’, the pros and cons of those prescribed by ‘Traction’ and ‘Scaling Up’, and why they chose to work with a facilitator: ‘We did some of the exercises wrong. It's not that we didn't understand them. But maybe we didn't understand the intent and how they fit into the bigger part of the picture. So I found it really helpful to do the exercises with someone because we were exposed to a bunch of exercises, and now we get to pick and choose based on the way that we filled it out. So I felt, in a lot of ways, we condensed it by having a facilitator help us’.
11/24/202240 minutes, 48 seconds
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TMBA 676: Let’s Talk About DCBKK2022

It’s been three long years since DC members were able to gather in Bangkok to share great food, experiences and talk business. And DCBKK2022, our ten year anniversary event, with almost 400 attendees, was not only our biggest event but also such a blast. So this week Dan, Ian and Jeff Pecaro get together to talk about not only the highlights of DCBKK20220 - one of which was definitely a 100 strong Tuk Tuk parade which ferried people through the streets of Bangkok to the closing party - but also takeaways, trends spotting from the conference floor, and things that are up for improvement next year: “We're always gonna have speakers, we're always gonna have meetups, we're always gonna have presenters, we're always gonna have structured conversations. But one of the pieces of feedback that we've been getting for years is: how can we bring people together to just do things?”
11/17/202238 minutes, 36 seconds
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TMBA 675: The Art of Personal Blogging Redux

There are big changes in the wind at Twitter, with Elon Musk suggesting he might further open the platform to longer form pieces, and also paid content. Might this open up greater opportunities for those with established blogs, or looking to start one? On today’s show we revisit a favorite episode from our back catalogue focused on personal blogging and what it means to write on the internet. And to help tell this story, which is close to his heart, Dan invited two writers who both have a long and rich experience in the blogging space. Taylor Pearson has been a frequent guest and contributor on this podcast. He is the author of The End of Jobs, and he runs an excellent blog on his website. Amanda Cook is an author, a podcaster, herbalist, and the founder of a business called Wellpreneur. Over the years, she has published online about a wide variety of projects, but the one consistent thing is that she’s always had an excellent blog, which you can find at AmandaCook.me. Join us for this round table discussion about the past and future of blogging on the internet, tips for those starting out with a personal blog, some of our favorite blogs to read today, and so much more.
11/10/20221 hour, 6 minutes, 40 seconds
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TMBA 674: Going Viral For Saying ‘I Live Better In Thailand Than I Did In The U.S.’

When Jesse Schoberg, Co-founder of DropIn Blog, shared his thoughts about the huge benefits of living in Bangkok with CNBC, as part of their ‘Make It’ series, he had no idea it would go viral - both inside Thailand and abroad. The piece, titled ‘I live better in Thailand than I did in the U.S. — here’s how much it costs’ received lots of appreciation but also a stream of more negative comments from some members of the backpacking and expat retiree communities. They criticised how much Jesse chooses to spend on accommodation, food and travel in a place often seen as a mecca for cheap living. “A lot of people were like, ‘Oh, for $8,000 a month, you can live anywhere … no, you cannot live like we live here in New York, which is an equivalent city, for $8,000 a month. When we were in New York recently, the apartment we were staying in was a small studio, and it was $4,200 or $4,400 a month. It was nothing near the type of service or quality that we would get in Bangkok for much less.” On today’s show Dan and Ian talk to Jesse about why he decided to participate in the series in the first place, the very different reaction he received from the Thai audience and some possible reasons why ‘spend shaming’ exists.
11/3/202236 minutes, 2 seconds
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TMBA 673: Side-Hustle to Multi-million Inc500 #98 Business

Side-Hustles, which - with a lot of hard work - evolve into full-time businesses are a theme of many entrepreneurial journeys. We’ve covered a fair few on this show. But Brenden Marquardt’s story is particularly interesting for a few reasons: even though he was in a well-paid finance job, and knew he wasn’t great at ‘ideas’, he did the groundwork to be ready for when the opportunity he was looking for presented itself. On today’s show Brenden, Co-Founder of Homestead Brands talks to Dan about how a chance click on a website led him to buy Lori Beds, his methodology for working ‘on’ not ‘in’ the business “When I hired my first executive team member Dodes, who manages our product - the manufacturing, relationships, logistics and things like that. Even before I hired him, just talking with him, I realised we had set our goals way too small, because I didn't know how to do any of those things that he spent every day doing in the furniture industry”. And why Brenden takes inspiration for working with other family members in his business from ‘The Sopranos’.
10/27/202247 minutes, 24 seconds
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TMBA 672: Marketing by Building In Public: From Hobby to Major Business Opportunity

It started as a hobby at college, and was also the way he met his wife but now ‘Dumpster Diving’ has become a major business opportunity for Dave Sheffield, Founder of Buffalo Bottle Craft. In today’s show Dave talks to Dan about how a Vice documentary, currently watched by nearly 1.5M people, and subsequent media interest has made him consider the many different ways a ‘Dumpster Diving’ enterprise could grown: from selling physical products from dumpster finds, to creating online content showing how others can do the same: “If I find some new material in the dumpster that I know that I can source at scale … I just make a video and I say, ‘Hey, guys, look at this cool thing. What do you think I could make from it? What would you make from it?’ And that's my product research right there.”
10/20/202240 minutes, 27 seconds
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TMBA 671: The Rewards Of Finding Your Niche

This week Dan is speaking to Andy Morgan, creator of RippedBody, a blog and coaching program targeted at committed but frustrated fitness trainees who have hit a stall in their progress. What’s interesting about Andy’s story is the way he’s found a niche not only in the fitness space but also in the market in Japan. Andy discusses why he only does bi-weekly email check-in with his clients, how a DC mastermind has prompted him to start hiring coaches, and the methodology behind his successful Instagram strategy: “The problem was I had too many content possibilities and I couldn't decide what to create each day. The solution that I came up with was to list the topics that I could talk about, the types of content that I could create and the formats that I could create in and then rotate through them. And so what that did is - it constrained my choices and allowed for tight creativity”.
10/13/202238 minutes, 41 seconds
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TMBA 670: Business Updates: Remote First Recruiting, How Much Is Enough, And a Return To ‘The Europe Question’

In this week’s show Dan and Ian share their Q4 business updates, including the reasons why they have decided to launch an agency - Remote First Recruiting, which is targeted at startup founders, under the Dynamite Jobs umbrella. “The best customers of a job board typically have super strong hiring practices that are built over the years … (they’ve) hired for the same position multiple times. Whereas with an agency customer, which are typically startup founders, they're seeking to buy those systems into their business. They know they need to hire, they might be hiring 10 times a year. But every time it's a little bit different, and they want to purchase the systems. That's what the agency does.” Plus, responses to some great listener questions, including: how much money is ‘enough money’, the mindset challenges of living off capital, and some further reflections on ‘The Europe Question’.
10/6/202240 minutes, 8 seconds
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TMBA 669: Working Backwards And The ‘Write First’ Culture

Books: seeking out good ones, talking about them, and implementing some of the things we discover in their pages has long been a theme of this show. However, as longtime listeners will know, Dan is often disappointed by one category in particular: business books. But one he read recently, ‘Working Backwards’ by former Amazon executives Colin Bryar and Bill Carr, really blew him away. And he was thrilled when one of the authors, Colin Bryar, agreed to drop by the show. Colin joined Amazon in the late 90s, and worked closely with Jeff Bezos. That time at the company covered a period of incredible innovation - Kindle, Amazon Prime, Amazon Echo and Alexa, and Amazon Web Services Dan talks to Colin about the principles and practices, many of them counterintutive to traditional business thinking, that drove that incredible succes, and how they can also be applied to the smaller businesses many of us are growing. They include: ditching the powerpoint in favor of narratives at meetings, why it’s essential for your best people to take on key projects in ‘single-threaded leadership’, and much more.
9/29/202242 minutes, 35 seconds
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TMBA 668: 5 Small Ways To Go Big

The summer of cycling and tapas in Barcelona, Spain has come to an end. Dan and Ian are back in Austin, Texas inspired by the conversations and feedback they’ve had over the past few weeks as listeners and friends have dropped by one of our favorite European cities. One of those people is someone we’ve had on the pod before, telling the early part of his story. So much has happened in his life that we thought it was high time to catch up with him again. Coran Woodmass’ entrepreneurial journey has spanned ecommerce, building a successful business brokerage, to multi million dollar deal maker at Billion Dollar Exits. He’s also an investor. Today he and Dan are going to discuss ‘Five small ways to go big’. These include why it’s sometimes necessary to ‘slow down to speed up’, the power of doubling down on your core entrepreneurial skill and the power of investing for cashflow. And just a caveat: as with all discussions about investing, this is not advice, it’s just some perspectives you might want to think about (or not).
9/22/202243 minutes, 34 seconds
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TMBA 667: Catching The Right Wave At The Right Moment

Today’s show started, as so many of them do, as an in-person conversation in a dark bar in a cool city. That’s where Dan met Brent Zahradnik, founder of Amazon PPC agency AMZ Pathfinder. Now ‘the agency model’ is a recurring theme on this show because they can be spun up in a weekend, are often very profitable, and they can provide side income to what you’re already doing in a business. But done poorly, agency owners can find themselves trapped in the grind of ‘wrong’ clients and staffing woes. But Brent seems to have nailed it, and found a profitable business that also allows him to live in Montpellier, France and enjoy the great outdoor lifestyle that Mediterranean city offers. Topics covered include: the mistake of not getting ‘A players’ on your team earlier, why Brent feels his nomadic lifestyle held back his business for a while, and some ideas for agencies you could start today.
9/15/202245 minutes, 53 seconds
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TMBA 666: Following The Signs In Your Business

The ‘Stair Step’ approach to entrepreneurship is a recurring theme on the TMBA. Coined of course by Startups For The Rest Of Us host Rob Walling. Essentially, it describes how you can build up your business chops by for example, starting a freelance business, then parlaying some of those clients into running an agency and then maybe Software as a Service, and so on. But honestly, you can apply a similar approach in many different ways, including applying it to one brand, which is what today’s guest Ben Dziwulski, founder of WodPrep, which helps CrossFitters improve their techniques, has done over the course of many years. He talks to Dan about how WodPrep has grown into a $1.1M business that also allows him to enjoy the outdoor lifestyle he loves.
9/8/202245 minutes, 2 seconds
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TMBA 665: Reaching A $4M Run Rate In Less Than A Year

What began as a window cleaning service he started at college has now spun into a multi-million business for today’s guest Johnny Robinson. In January 2022 he co-founded Home Services Academy, a 90 day program and ongoing community which coaches others to reach five figures MRR by either starting their own cleaning business, or making an existing one more profitable. Johnny talks to Dan about their sales process, the pros and cons of implementing the ‘Scaling Up’ operating system, and why he feels he held on to his former business model for too long: “If you've been plugging away, and you're not seeing the growth, maybe it's time to take the skill set and what you've learned somewhere else … What I've realised, after building a few different businesses, is when you're in the weeds of things you start to find problems within that industry that are very, very niche. But you're like, ‘Well, that would probably be a better business than the one I’m running’”.
9/1/202236 minutes, 48 seconds
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TMBA 664: Pivoting From 'In Person' To A Software Business

The COVID pandemic saw many online businesses boom, especially those centered on E-commerce. But entrepreneurs running in-person events really took a hit. Today’s show focuses on one of those stories, and narrates how one owner re-invented what his company was doing by becoming a ‘Value Added Reseller’ (VAR) software service. Dan Taylor is the CEO of AppsEvents, a ‘Google for Education’ partner whose company previously ran a huge number of conferences worldwide before diversifying into VAR: “There are different ways you can get into it. Some of the selling is direct with Google, some of that work is with a distributor but, essentially … The ‘value added’ part means you can sell your services on top. So you can sell ongoing support services, you can do setup services, you can do customization, that's kind of what the business model is.”
8/25/202232 minutes, 45 seconds
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TMBA 663: Overrated and Underrated Business Concepts with Noah Kagan

This show is a ‘drop in’ to the kind of conversations Dan and Ian have been having all summer long in their co-working space in Barcelona, as fellow entrepreneurs have come by the city. And today they’re joined by one of our favorite guests, AppSumo founder Noah Kagan. The idea is a simple one - let’s just have some fun, and hopefully useful insights, rating some of the popular business memes and ideas that have taken traction in the online business world. Which ones are overrated, underrated or appropriately-rated? The discussion includes - the value of coaches, the necessity of hiring a Chief Technical Officer, cold email outreach and more: “Where it's like, ‘I have a great idea. I just need a technical partner’, 100% overrated. Because when you're starting any business what you're really focusing on is - what is the actual problem you're solving, not a technical need. What often happens is people are using that as an excuse for rejection. And they're using an excuse from fear”.
8/18/202255 minutes, 59 seconds
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TMBA 662: Expanding Education Options For Nomadic Families

One growing theme in the TMBA community has been the search for increased options for location independent families to provide education for their children. Traditionally it’s been home schooling, international or local schools, and very little in-between. But increasingly parents are coming together to try to create new solutions like pop-up schools, employing tutors and more. On today’s show teacher and entrepreneur Elliott Zelinskas offers his views on a range of emails and comments we’ve received on this subject, including thoughts about whether the COVID pandemic might have accelerated the drive for change: “I'm curious about the post COVID situation .. How did that change our world, not about how we think about viruses, but how we think about our lives, our families, our business .. The power structures got shook up, and I think there's been this kind of collective reflection on life. And you just don't really see people going back to normal in terms of their work. And I'm seeing it more with education too”. There are also some updates from Dan and Ian about Dynamite Jobs, and their thoughts on a recent ‘digital nomad debate’.
8/11/202232 minutes, 43 seconds
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TMBA 661: The Rewards Of Challenging Assumptions

‘Rip, pivot and jam’ is a recurring theme on this show. It’s a way of overcoming the pressure of needing ‘the best business idea ever’ by taking a model that’s working elsewhere and applying it in another field. And that’s exactly what today’s guest Justin Tan did when he founded his productised video editing service Video Husky. Through his previous freelance career in Facebook advertizing, Justin had seen the growing importance of video creation as a marketing tool. And Russ Perry’s unlimited graphic design offerings at ‘Design Pickle’ inspired him to try that approach for clients who need regular video editing. Justin talks to Dan about the challenges and rewards of building, and recently ‘retiring’ from Video Husky over a four year period: “The key thing is being able to accept when your assumptions are wrong, ideally quickly, and moving on from them versus - I would hold on to certain key assumptions for the longest time, even though they weren't true. And so what I found was really helpful was getting in front of a lot of customers”.
8/4/202247 minutes, 16 seconds
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TMBA 660: Five Easy Ways to Work Smarter (Not Harder)

Who doesn’t want to maximize results, and spend less time - or just make better use of it - in their business? On this week’s show Dan and Ian discuss five possible ways to make this happen from their own experience growing Dynamite Jobs. They include reaching out to an expert practitioner in your field, someone who has experience and insight at the level you want to grow to, creating tight ‘backward looking’ financial accountability that gives clarity on where your money is, and should be going. And there’s more, of course. It wouldn’t be a TMBA episode without five points. It’s the law. ‘We’ve reached out to several industry experts in the job space. And I think some relationships are going to come out of that … And I think the most valuable thing that's starting to change for us, it's just the product roadmap. So if you can identify somebody that's an industry expert in your field, a lot of times they can shave years off your product development cycle.” Listen and learn: ● Why reaching out to an industry expert in your space could be so helpful ● ‘Scaling Up’ by Vern Harnish v ‘Traction’ by Gino Wickman ● Choosing where to have a ‘work vacation’ ● The power of a system to get inside your business financials
7/28/202240 minutes, 54 seconds
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TMBA 659: The Power of Diversification and The Welcome End of DeFi Summer

The TMBA ‘summer in Barcelona’ continues with a long-standing guest visiting the city, and hanging with Dan and Ian. His name is Travis Jamison, founder of Smash Digital, and investor in numerous other companies. He’s a badass entrepreneur who exited his previous business AMZ tracker, a SaaS for Amazon sellers, for ‘a life changing’ amount of money, a story we told on this show. Today he talks to Dan and Ian about choosing where to live when you stop nomading, why Travis thinks agencies are highly underrated business models, ‘Defi summer’, and lots more.
7/21/202248 minutes, 7 seconds
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TMBA 658: Let’s Talk Fish And Ponds

We’ve received some great email responses prompted by last week’s episode ‘The Europe Question’. So on today’s show Dan and Ian will be reflecting on some of those comments. They’ll also be mulling over a recurring dilemma posed by a listener, one which is very much in their minds as they grow ‘Dynamite Jobs’: “David and Goliath or Dynamite Jobs versus Indeed.com .. At one time you mentioned how just hearing the word Indeed gave you anxiety, maybe excitement … (this) resonated with me. My partner and I are currently building a software product that will likely go head to head with some fairly big names, and they have at least a decade head start on us … The only thing that keeps me going back is that I've spent the past decade in entrepreneurship, always staying in safe little buckets of protected small niches .. Small niches are often easier to start but are easier to hit a ceiling in terms of market size. Having experienced growing our businesses to the upper limits of the markets we're in, we have our eyes on the bigger prize where the bigger players are players that really know what they're doing”.
7/14/202248 minutes, 4 seconds
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TMBA 657: The Europe Question

Recently Peer Richelsen tweeted ‘Ok, serious question: what keeps the average American (that can afford it) from moving to Europe?’. By the next morning he’d received hundreds of different responses. On today’s show Dan and Ian, who have just arrived in Barcelona for the summer, offer their thoughts about ‘The Europe Question’, a topic they think will be increasingly discussed as more mainstream American workers have increased opportunities to live and work remotely outside the United States: “We have a whole new graduating class on our hands … people went to school, a lot of people that used to be teachers, administrators, bureaucrats, waiters, bartenders …They decided that they don't want to go to their in person jobs anymore, they wanted an online job. At the same time, a lot of companies that had knowledge workers realised that they needed to allow those people to work from home during COVID. Those people didn't want to come back to the office so they needed to keep allowing them to work from home. And now all of a sudden, I think these questions aren't so much what does the digital nomad, who's this edge case traveller, want to do, we’ve got this entire graduating class of the mainstream, who are asking themselves the digital nomad question: why don't we live in Europe? It's so nice. They have public transportation. Why haven't we been there yesterday? Why don't we move here this year?”
7/7/202243 minutes, 32 seconds
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TMBA 656: The Problems Of Being Both An Arsonist And A Firefighter As A Business Owner

Last time Dustin Overbeck came on the show he talked about why he chose to live in Transylvania, Romania with his family whilst growing an agency and ‘Town Web’ which helps local governments in the US build and re-design their websites. Today he tells Dan about why he felt it was vital to institute structural changes to the way he worked and hire a General Manager, and about his new software business ‘Hey Gov’: “I realised Dustin is now an arsonist. But he's also a firefighter. He's creating problems that only he can solve … And sometimes you just have to step back and realise that smart people will figure out the solutions. And that's what I did.”
6/30/202231 minutes, 40 seconds
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TMBA 655: Deciding How To ‘Buy This, Not That’

Today Dan talks to one of our favorite writers Sam Dogan, the man behind ‘Financial Samurai’. And Sam has recently written a book called ‘Buy This, Not That’, laying out the ideas and strategies he learnt not only from his decade long career at Goldman Sachs but also investing personally and interacting with the many millions of visitors to his blog. This week’s discussion ranges from why the traditional ‘Financial Independence, Retire Early (FIRE)’ model, of which Sam was an early pioneer, is now outdated; the reasons you can’t just ‘set and forget’ your financial planning but need to think about opitimizing it for the different decades of your life; and what it’s like to be involved in writing a book for a major publisher: “One of the reasons why I don't want to write another book is because it's so painful. A lot of cooks in the kitchen. They're all on your side, they want to make the book amazing, inclusive and a success. But I'm not used to that, I’m used to waking up at 5am writing, and then I'm done. I send it to my dad and he makes some edits. And we’re good.”
6/23/202244 minutes, 25 seconds
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TMBA 654: Mailbag: Digital Nomad Dilemmas, DJ Updates, and Memories of Having a J-O-B

Do you remember when you had to pretend that you had a dental appointment just to be able to attend a job interview? Dan and Ian do. With so many more people working remotely, even within large corporations, those days are gone. And good riddance. But a listener emailed the show asking our thoughts about what they see as a more challenging aspect of the increasing numbers of people, especially Americans paid in dollars, now able to work from anywhere: skyrocketing rents and real estate prices in European cities like Lisbon and Barcelona, often pushing locals out. And an update from Dynamite Jobs where the team has been hard at work on an applicant tracking system (ATS) to try to help with the problem of the huge amount unsuitable applications many business owners receive when they are trying to recruit, and also a new innovation that allows users to gauge the potential number of suitable applicants for a specific role that they can expect to access when using DJ : “Our goal is to kind of demystify the results that you'll get if you post with us. I want you to know, hopefully, what you're gonna get before you post with us, especially if it's for the first time”.
6/16/202243 minutes, 28 seconds
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TMBA 653: Bangkok, Thailand and DCBKK. We’re Excited.

The ‘post-COVID’ location independent summer is beginning. We’re seeing more and more posts in the DC forum that begin: ‘Who’s in Medellin this month?’, ‘Anyone in Poland or the Balkans’. Traveling and navigating new cities, and regions is very much the theme of today’s show, which is a discussion for those thinking of visiting Bangkok, and Thailand in general, later in the year. And, of course, we’re hugely excited for our first DCBKK event in three years, coming in October. With that in mind we’ve asked Kyla Gardner and Jesse Schoberg - both of whom have lived in Bangkok, and other places in Thailand, and attended a fair few DCBKKs - to share their thoughts. We’ll cover: where to stay in Bangkok for a great vibe and delicious food, where to consider going after DCBKK, how to manage your time around events like DCBKK, and much more: “I don't know whether to advise people to just accept that you really just have to go really hard, you’re not going to sleep, you're going to be exhausted but it's going to be worth it. Or advise them to try to take some power naps … it is just so stimulating, so much fun.”
6/9/202237 minutes, 51 seconds
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TMBA 652: Mailbag: The Elephant in The Room with the 4HWW, and Can Solopreneurship Ever Make You Rich?

The 4-Hour Workweek was, and continues to be, a life changing inspiration to many seeking more freedom in their lives through the path of entreprenuership. But, prompted by listening to a recent podcast featuring a conversation between its author Tim Ferriss and Cal Newport, Dan and Ian reflect on what they see as ‘the elephant in the room’ in the book, in relation to others seeking to emulate the path it lays it: “Tim is talking to people who already have a lot of enterprising know-how and other resources like industry relationships … But the book’s audience extended well beyond the well heeled and gainfully employed. It also appealed to those of us who didn't have businesses, established cash flows, or other traditional advantages”. And this episode also includes responses to a related question posed by a listener, one that often pops up in the TMBA mailbag: how to have an impactful career as a solopreneur.
6/2/202242 minutes, 39 seconds
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TMBA 651: Finding Hope in The Aftermath of Loss

Today’s guest, Sherry Walling, is a respected clinical psychologist who specialises in entrepreneur mental health. She’s also the host of Zen Founder, a podcast where she is sometimes joined by her husband Rob. Those who have listened to Zen Founder know that Sherry has been sharing movingly about the upheavals and losses she’s gone through over the last few years - in 2018 she lost her father to cancer followed, six months later, by her brother to suicide - and how it's affected her, and their whole family. On today’s show Sherry talks to Dan about how she tried, in some way, to make sense of what happened by penning a book “Touching Two Worlds: A Guide To Finding Hope In The Aftermath of Loss” “The events of the past few years have been so strange to me that I must force myself to study the story, like something I am learning from the outside in, like something that happened to someone else ”. It’s a moving account of what she discovered, including some great practical suggestions for others finding themselves in a similar place and struggling to cope. In Sherry’s case this included joining the circus (evenings and weekends only).
5/26/202242 minutes, 51 seconds
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TMBA 650: DeFi For The Long Game

Unless you’ve been living in a cave recently (and if you have, hit us up because we’d love to hear about that), you’ll be aware that crypto has been on a wild (at the time of writing mostly downward) rollercoaster. As we’ve mentioned before, it is a volatile investment, especially when viewed short term. But today’s show isn’t about that. It’s about how crypto can be - *insert an important ‘health warning’ here: this is not advice, it’s just thoughts and views - a practical way to fund other things, like buying a house, and even be set to be a relatively low ‘management threshold’ investment, as today’s guest did when she had a baby. Cathryn Lavery is well known in the entrepreneurial community as the CEO of Best Self which produces stylish and imaginative planning, goal setting and relationship journals. She talks to Dan about how a painful business break up, in part, lead her to create a practical course for those who want to learn more about investing in crypto, called ‘Zero to DeFi’: “It was such an emotional drain for me. The crypto stuff, just learning about it and getting into it, was something exciting for me … I didn't even talk publicly about crypto. Because there's this vibe of scammy. Like how do you go from Best Self to talking about crypto …And then, at the end, I was like: screw it I'm just gonna start talking about this stuff. Because I think, as entrepreneurs, we get interested in different stuff. And so if I'm excited about working on something, then hopefully other people are excited about it as well”.
5/19/202243 minutes, 6 seconds
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TMBA 649: Mailbag: Revenge Traveling, Founder Fit And Managing Net Worth

On today’s show Dan and Ian are reaching into the mailbag to reflect on some topics that listeners have asked about. These include an update on the incredible response to our upcoming DCBKK, things to consider when thinking about business models, and how to manage your net worth without hurting your brain: “I have been guilty in the past of overcomplicating my financial process with too many credit cards, too many bank accounts, too many clever tax manoeuvres, and I would have been much better off to keep it super, super simple’.
5/12/202236 minutes, 36 seconds
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TMBA 648: What Can Entrepreneurs Learn From PE Businesses, And Vice Versa?

Today’s show challenges bootstrapped entrepreneurs to think about lessons they can draw from high-income private equity funded business, especially about structured forward planning and accountancy. But it also covers what lessons PE funded companies could learn from the other side of the tracks. This week’s guest is Jason Long, a valued member of the DC community, well known for being always open to sharing the highs and lows of his long experience of founding agencies, creating Software as a Service businesses and, most recently, from accepting a job as a ‘turnaround CEO’ for a private equity group. He talks to Dan about how the devastating effects on his agency of the 2008 financial crash caused him to diversify his portfolio, and the pros and cons of that decision. Plus why working with a multimillion PE firm has enhanced his experience both as a leader and entrepreneur: “This is a team that had been passed from CEO to CEO, from leader to leader, who just had failed them over and over and over again .. And so when I came in, I said, ‘I’m not gonna I'm not gonna fire anybody’ .. And I brought in a lot of methods to make sure that there was transparency with the top level all the way down to the frontline workers .. so everybody felt like they were knowledgeable about where the company was going. And I felt like that made a huge difference in the trust”.
5/5/202256 minutes, 18 seconds
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TMBA 647: The Opportunities In Bringing Technology To ‘The Real World’

Lots of entrepreneurs and listeners to this show are inspired to create ‘The 4-Hour Workweek’ type businesses by founding e-commerce stores and agencies, creating money and value entirely online. Today’s guest, Alex Pantich, has chosen a different path with the business he co-founded. Upshift provides hospitality venues with vetted temporary W-2 hourly workers who are able post online the days and hours they are available for work. Alex talks to Dan about how this double-sided marketplace works, the equity share scheme Upshift deploys, and why he thinks so many entrepreneurs are missing out by not considering blue-collar, location dependent opportunities: “When you're getting online and into E-commerce, you're competing with your peers. If you go into the real world, you're competing with baby boomers. Are you telling me the baby boomer who doesn't know email is going to beat you at any sort of innovative business game? They're not. I prefer going into areas where I see tonnes of opportunity and not as much competition”.
4/28/202242 minutes, 38 seconds
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TMBA 646: Key Takeaways From Our First Event In Playa Del Carmen

This week’s show is kinda a de-brief of our recent in-person event in Playa Del Carmen, Mexico. Dan chats Jeff Pecaro, who has worked with us for nearly a decade, and continues to do an amazing job helping our speakers deliver the kind of presentations that our attendees tell us they want to hear: “It’s not a traditional business conference audience in the sense that they don't want to hear your theories, and they don't want to hear your grand success story, they're looking for the things that they can take, and give to their team on Monday morning to help them grow. So it's really much more of a community of peers than it is a captive audience. And I think that's a big adjustment for a lot of our speakers. Expect to hear: thoughts on PDC as a venue, some common themes that we’re seeing in our community as its revenue aspirations continue to grow, and some takeaways from the awesome on-stage presentations.
4/21/202244 minutes, 12 seconds
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TMBA 645: Getting Started With A Regular Review Process

Have you ever wanted to get a regular review process going but just never get round to it because it seems so overwhelming? This show is for you. Dr Anthony Gustin, chiropractor, e-commerce entrepreneur and farmer, has been honing his annual review system for over 10 years. It’s available, completely free, online and has greatly influenced people like former AppSumo CEO, and recent TMBA guest Ayman Al-Abdullah. So, why not click on the link and follow along as Dan talks to Anthony about the six steps he suggests for those struggling with identifying and achieving goals in both business and personal lives. “A year is such a long time. It goes by like that. When you look back at what you can get done in your day to day, it seems like you're not making any progress but you look back on the year, it's insane how much you can get done”.
4/14/202234 minutes, 42 seconds
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TMBA 644: When Your Lifestyle Business Can No Longer Support You

One of the themes of this show has always been ‘learning by doing’, and evolving your businesses based on that. But what about when your circumstances change and, through necessity, that places different pressures on what you need to achieve? Dan first met Dana Lindahl a decade ago when Dana was just starting out as a 21 year old copywriter, creating a decent amount for living in Bali. In today’s episode he shares why feedback from that resulted in him starting Legendary Leadgen, plus how a move back to the US led him into the podcast industry with Legendary Podcasts, which has seen such rapid growth that it quickly showed up some of his personal challenges: “I just had this sort of lifestyle agency, that was a good job for me, and I was happy there. And then all of a sudden, I was thrust into this situation where I needed to employ a level of skills that I hadn't quite developed And that's what I'm spending a lot of my time this year doing”.
4/7/202238 minutes, 30 seconds
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TMBA643: Don't Build Your Castle On Someone Else's Land

On this week’s show Jeff Fruhwirth talks to Dan about how a failed foray into e-commerce, and a change in personal circumstances, caused him to pivot into real estate investing with little capital or experience. Today he has a portfolio of multi-unit buildings, which he’s expanded by learning about the hidden potential within different sorts of properties: “One of the best ways to make money is to kind of take on deals that no one else wants to touch. I looked at a building last summer that had been hanging on the market for quite a while. And the main issue was .. there was a five unit apartment building and a two bedroom house, but they were on the same tax lot and share the same water tap. So there was plenty of money in there, as long as you are willing to pay to dig up the water and sewer line, and then pay the $13,000 to the water utility to get the water metres separated … then you could sell off the house, you could fix up the apartments, and functionally double the rent”. Jeff also shares some inside stories and insights from the very first DSki, which took place in Steamboat Springs, Colorado.
3/31/202244 minutes, 32 seconds
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TMBA 642: Breaking Through Plateaus, And Other Important ‘P’s

This week Dan and Ian share updates about progress at ‘Dynamite Jobs’. Drawing on some sage advice from recent guest Ayman Al-Abdullah, they’ve been focussing on the ‘P’s that really matter, namely breaking through plateaus by building strong foundations through ‘product, promotion and process’. The idea being that will enable them to move on to the next stage in their business, from ‘player to coach’: “One of the points that Ayman made is, ‘Look, you are the last star player, you're ever going to get on a rookie contract’, everyone else is going to work less hard than you, is going to care less, and is going to demand more money”… So when you're ready to pick up the clipboard, you have to have a rock solid legacy in place in terms of product, promotion, process and people … And now all of a sudden, we're not jumping the gun. I want to flag this up because I see a lot of people trying to get to that mid eight figure seven figure business by jumping the gun on bringing in the executives that are kind of doomed to failure, because there's no clarity on how the business will grow”. And stay tuned to the end to hear Dan and Ian’s thoughts about resume gaps and ways to fill them.
3/24/202245 minutes, 18 seconds
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TMBA 641: Deciding It’s Time To ‘Get Up And Move Over To Another Table’

The last time Allen Walton was on the show he talked about the origins of his e-commerce business SpyGuy grew out of a difficult period when he was living in his parents’ basement struggling to make a living. Today Allen talks to Dan about some of the challenges he’s had which, despite the considerable success, has caused him to consider if it’s time to re-orientate what he’s doing and focus more on his new venture FlyGuy: “Spy Guy is a hard business to run. Like a lot of e-commerce businesses we've been facing supply chain problems, shipping shortages, our costs have really gone up … And I think about Tony Hsieh’s book ‘Delivering Happiness’, he talks about poker playing, and how you could sit at a table and you might just keep losing, losing, losing against the people you're playing with. One of the best things you might do is just get up and move over to another table. You might find out that you're playing way better there. And I kind of feel like that might be the case for me”. And, later in the show, Allen gamely agrees to play our favorite fun challenge: ‘Donate A Business Idea’.
3/17/202251 minutes, 29 seconds
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TMBA 640: Who’s In Your Van?

One of the biggest challenges we discuss on the show is how to take businesses over the “five figure” hurdle. Today’s guest Ayman Al-Abdullah has done that in his time as former CEO at AppSumo, and he shares his major takes on achieving that with Dan. “You're essentially crafting your rock band. What more important job than who I'm hanging out with on a daily basis and hanging in the tour van, I think the most important job of the CEO is: ‘Who is in the van?”
3/10/20221 hour, 5 minutes, 8 seconds
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TMBA 639: Agency Break

On today’s show, GrowthHit’s Jim Huffman talks to Dan about the pros and cons of running a successful agency, and how he’s recently been encouraging and enabling his team to create new products via an internal ‘startup studio incubator’. Interestingly, he’s done this, in part, to incentivise people, and offer a creative and rewarding work environment in this increasing competitive job market: “It’s potentially a path to allow really good team players and employees to make their own decisions and part carve their own path within a company, maybe without taking on some of that initial risk .. how can you create this hybrid that meets those people where they're like, ‘Hey, I want to work remote, I want to like do my own thing, but I'm down to have this structure’. It's like, ‘Ok, we need the agency work to get done. But we have a budget to allocate if you have a good idea and if that becomes something, then you have a significant stake in it.”
3/3/202244 minutes, 55 seconds
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TMBA 638: Judging When To Jump On The Tailwind Of a Side-Project

‘Side hustles’ are a long running theme on this show: those ‘weekends and evenings’ projects that many entrepreneurs have in their back pockets. Many don’t work out but when one does, it’s a great opportunity to run with something which has the possibility to evolve to the next level. But how do you decide when that tipping point is? In today’s show Ben Dowling joins Dan to describe how coding a simple API, to solve a problem he was experiencing while working as the CTO of Calm, lead him to found a Software as a Service called IPinfo, which create datasets about IP addresses: “So many projects I shipped .. felt sort of uphill pushes. And some of them had some moderate success, but it was always an effort. Whereas IPinfo, the traction was sort of straightaway .. And so I think if people are struggling with a project, ‘Hey, do I just need to keep working hard on it?’ It may be best to try something different .. I had no expectations for IPinfo .. but it very quickly sort of started going in that direction”.
2/24/202256 minutes, 39 seconds
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TMBA 637: Our Favorite Books In The Time of Pandemic

Back by popular demand, Dan and Kyla Gardner blow the dust off their bookshelves, and fire up their Kindle and Audible libraries to share some of their favorite recent reads. In this episode, they’ll be talking about what sustained them through the long months of COVID containment. And Kyla also shares her experiences of writing fiction under her pen name Kyla Sharp. “There are so many people making so much money from fiction. Obviously, anyone can self publish, so it has a bad rap and there's a lot of junk out there. But sometimes you can't tell the quality difference because people hire professional editors, they get professional cover designers. They run it through their readers to make sure everything makes sense and they don't have typos. And then they self publish it and they get 70% of those royalties from Amazon instead of traditional publishing where you have to pay back your advance and you might be getting something like 5%”.
2/17/202254 minutes, 59 seconds
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TMBA 636: Affiliate Marketing and The Stair Step Approach

Affiliate Marketing businesses have been around way longer than this podcast, and it’s a model that receives its fair share of criticism, especially of those selling ‘courses on how to sell courses’ on the subject. However, one thing is for sure: thousands of entrepreneurs continue to support their families from income generated by affiliate marketing. On today’s show Dan talks with Niche Site Project’s Doug Cunnington about how the model has changed since the early 2000s, ways to seek out good niches and why, even if affiliate marketing isn’t your end-goal, it can be a great place to start: “For example, if you start a niche site, and you're not sure if it's going to work out .. you learn about setting up a website, you learn about keyword research .. and all these different skills that can be really helpful in the future. You may figure out that you're really good at hiring writers, and managing them. And that could turn into a whole different business.”
2/10/202249 minutes, 13 seconds
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TMBA 635: The AntiWork Movement

The ‘AntiWork Movement’ has been with us for decades but, through the pandemic, it’s gained a new traction over at the online discussion forum ‘Reddit’, where the r/antiwork subreddit group (slogan: “Unemployment for all, not just the rich!”) has over 1.7 million subscribers. Just recently, a controversial media interview by one of the moderators caused the thread to be temporarily locked. Today Dan and Ian discuss why, in some ways, they’re sympathetic to some of the AntiWork Movement’s points but not necessary the ways they go about addressing them: “We have a lot of the same founding premises, maybe in 2007/2008 timeframe, we'd say, ‘Hey, we're gonna quit our jobs and start a lifestyle business because we don't want to be subjected to the poor outcomes, and the poor treatment, a lot of the American workforce sees. But also, we saw a changing tide in technology and globalisation, and a necessity to employ a new strategy to be able to achieve wealth and freedom in this new environment”.
2/3/202243 minutes, 2 seconds
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TMBA 634: The ‘Downside Protection’ of Investing in Bootstrapped Businesses

Tiny Seed co-founder Rob Walling joins Dan to share insights about why bootstrapped businesses, particularly Software as a Service (SaaS), are becoming increasingly desirable to investors, partly due to the ‘downside protection’ they offer. They also discuss the pros and cons of serving ‘two sided marketplaces’ and why Rob has recently updated his ‘Stair Step Approach’ to entrepreneurship: “One thing that has changed is that there are a lot more opportunities to do ‘step one’ businesses that are recurring revenue from the start, like Shopify add ons .. If there's already a marketplace in place, it takes a huge amount of complexity off your plate .. it allows you to build the business and then learn the other stuff as you go.”
1/27/202239 minutes, 46 seconds
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TMBA633: Mailbag: Managing Teams and Creating Communities

In this week’s episode Dan and Ian respond to some listener questions, thoughts and comments, including: managing relationships within a team as it grows larger, some updates about Dynamite Jobs, and what’s involved in running masterminds and creating a community: “It's a really bad idea to copy something that's already successful but not copy what they did in the early days to be successful. When we talk about conception, we talk about what value it delivers to a small number of people today … and that value proposition is going to be clear to me on day one, so you got to start with a clear conception”.
1/20/202231 minutes, 29 seconds
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TMBA632: A Journey From Productized to SaaS, Plus The Return Of ‘Donate a Business Idea’

Productized or Software as a Service? A hot topic often discussed on TMBA. Of course, there’s no right or wrong answer but on today’s show Brian Casel talks to Dan about the factors that contributed to him changing from one to the other by selling Audience Ops and starting ZipMessage and also the different challenges of the two: “With a productized service, it really was much more about the processes. And building a service that is highly repeatable … but in a SaaS, it's less about process, it's just much more about building. And every single month there's something new. It’s not only just building new features, but what's the next marketing channel that I can try to tap into and unlock a new pocket of customers.” You’ll also hear about Brian’s decision to take funding this time around, having always bootstrapped before and selling Audience Ops without using a broker. Plus, And the return of one our favorite participation games - ‘donate a business idea’.
1/13/202257 minutes, 34 seconds
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TMBA631: Investing, Writing and Regrets, with Financial Samurai

For our first episode of the New Year Dan talks to one of our favorite writers in the investment space, Sam Dogen, author of Financial Samurai. Started in 2009, just as he was trying to dig his way out of losing 35% of his net worth due to the global financial crisis, Sam has been discussing investment strategies on his blog ever since. But ‘Financial Samurai’ is about so much more than that. In this episode Dan and Sam cover the importance of ‘parlay’ in your career, the downsides of ‘Financial Independence, Retire Early’, how he chooses topics to write about, and much more. “I try to write about stuff people care about. You can write about ‘The Five Best Travel Credit Cards’ but, come on, you just need one or two credit cards. Or you can write about ‘How To Get Paid Full Time While Working Only Two Hours A Day’. I mean, that's so much more interesting.” Disclaimer This episode is a personal discussion, it in no way constitutes financial advice - but you knew that, right?
1/6/202239 minutes, 19 seconds
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TMBA630: Investing in the Age of Autonomy

In today’s show Dan talks to Jake Ryan, CIO of the crypto hedge fund TradeCraft Capital and author of ‘Crypto Asset Investing in the Age of Autonomy’, about why he believes the convergence of cryptocurrency and new technologies is creating a transformational environment as significant as the ‘Information Age’. “What we’ve seen, over the past decade or so, is innovation around automation. And that's been powerful, but it hasn't been transformational. It hasn't altered fundamentally how businesses operate. The last piece of the puzzle really was cryptocurrency, because it allows us to store, process and transfer economic value without human intervention … autonomy is the ultimate competitive advantage”.
12/30/202143 minutes, 28 seconds
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TMBA629: Revisiting Some of Our Favorite Moments from 2021

2021 has been a landmark year for this show, and for entrepreneurs all around the globe. Though the Covid pandemic has lingered on, we have seen borders slowly start to open up and digital nomads finally start to become nomadic once more. We even closed out the year by connecting with listeners of this show at our Dynamite Circle Holiday Party in Austin last week, the first event of its kind in the United States in more than two years. Through it all, we have been fortunate to talk to some incredibly captivating entrepreneurs on this podcast in 2021 and to hear their stories of resilience, innovation, turmoil, and triumph. In today's episode, we are revisiting some of our favorite moments on the podcast this year. You'll hear about how you can write better content for the internet, insights into the future of finance and money, the unique mental health challenges that entrepreneurs face, and so much more
12/23/20211 hour, 1 minute, 55 seconds
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TMBA628: Staying True to Yourself in Business

This week's guest has done something that so many entrepreneurs aspire to do: they have turned a bespoke creative shop into a truly successful internet business. Lisa Norman is the co-founder of Authentic Leather Patch Co. Together with her partner Ian, they have been manufacturing custom leather patches for clients around the US, which they stitch onto a variety of products. We personally love their hats, which are consistently the most sought-after swag at our Dynamite Circle events. Their story is not your typical "4-Hour Workweek" startup tale. What started in a small shop in California, has turned into a business that generated over 2 million in revenue last year. Lisa joins us this week to share the origins of Authentic Leather Patch Co., how they were able to grow their company to the heights it has reached today, how they have navigated the supply chain issues and uncertainty of Covid, and a whole lot more.
12/16/202146 minutes, 31 seconds
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TMBA627: Building an Agency You Can Exit From

Today's episode is all about building, scaling, and ultimately selling an agency. We know agencies don't usually get a lot of love on the show but they can be a great way to get started, and an incredible stepping stone in your career. Jodie Cook describes herself as an "athlete, writer, and entrepreneur", and when she says athlete, she means it. She has represented the UK internationally, and she built her agency as a lifestyle business with the intention of complimenting her career as a competitive powerlifter. When the time came to sell that business, a social media consultancy that was founded around her name, not only did she have a very successful exit, she was able to walk away without any type of earnout period. Jodie joins us on this week's podcast to share her story. You'll hear about her strategies for landing different types of clients, how she was able to remove herself from "The Jodie Show" that she had created in her business, and a whole lot more.
12/9/202145 minutes, 50 seconds
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TMBA626: Talking Shop: Business Goals, Inflation, and Our Favorite Locations

We've been receiving a lot of requests from our listeners lately for an old-school "talking shop" type of episode. This week, we're doing just that, and in typical Tropical MBA fashion, we are focusing on three specific topics that are top of mind as the year comes to a close. We start the episode off with a discussion about whether we believe we are on the correct path to achieve our goal of building an 8-figure business in the near future. The second segment is an in-depth look at the dreaded "I word" that we've been hearing so much about lately: Inflation, and the ramifications that it is having on entrepreneurs everywhere. Finally, we'll be wrapping up the episode with some lighter conversation, as we talk about some of our favorite locations for digital nomads and open up about our event schedule for 2022.
12/2/202143 minutes, 2 seconds
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TMBA625: Living Outside Your Comfort Zone

There is nothing we love more than an entrepreneur who operates outside of convention, and this week's guest is no exception. Tynan is a bestselling author and the creator of CruiseSheet, a website that helps travelers find great deals on cruises. He is also a former Pickup Artist or "PUA", and at one point was a professional gambler. We've been following his terrific blog at Tynan.com for many years, and we're fascinated by his ability to remain ahead of the curve when it comes to social trends on the internet. Tynan joins us this week to discuss his history in the controversial Pickup Artist subculture, his unique philosophies on wealth and personal finance, and what it truly means to live outside of your comfort zone.
11/25/202157 minutes, 2 seconds
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TMBA624: The Emotional Toll of the Entrepreneurial Journey

Today's episode is all about an emotional journey that was born out of this very podcast, and the unique mental health challenges that entrepreneurs face. Bunty SomRoy took a huge risk back in 2015 when he decided to volunteer at one of our Dynamite Circle events in Bangkok. Since then, he has gone through many stages of the entrepreneurial journey; hustling as a freelancer, taking a job at a startup, and finally running a successful business of his own. It wasn't all wine and roses, though. Bunty encountered some harrowing mental health struggles along the way, and he joins us on the podcast this week to share his very personal story. This conversation touches on many of our favorite topics as well, including why it's important to put yourself in the room with seasoned entrepreneurs, how getting a job can be an excellent way to uplevel your business chops, and much more.
11/18/202152 minutes, 59 seconds
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TMBA623: It's Never Too Late to Find a Business Partner

When today's guest spoke at our recent event in Mexico City, we were taken by his story because it presented a captivating alternative to the traditional bootstrap business partnerships that we've encountered over the years. Tommy Griffith is the founder of ClickMinded, an online SEO training course, and he has joined us many times over the years to share the story of that business. His story took an unexpected turn when he decided to take on a co-founder, after he had already been operating his business for five years. Tommy joins us on today's show to explain how his feelings of being "cornered and surrounded" led to the decision to seek out a late-stage co-founder, what he was looking for in a business partner, how they negotiated equity, and a whole lot more.
11/11/202156 minutes, 3 seconds
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TMBA622: Mailbag: How Do You Stay Motivated After You Succeed?

We are once again reaching into the mailbag this week to answer questions from the Tropical MBA audience. We'll be answering questions that our listeners have submitted on a broad range of topics, including how to stay motivated after your business has met your goals, and how you can better your chances of being selected as a speaker at a conference or a podcast guest. You'll also hear some news updates about our own businesses, our crypto portfolio, and a whole lot more.
11/4/202134 minutes, 7 seconds
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TMBA621: 10 Key Trends in the Digital Nomad Community for 2022

It was such a breath of fresh air to see so many entrepreneurs in Mexico City last week at DC MEX, our first in-person event since 2019. We had so much fun catching up with old friends, meeting new ones, exchanging stories, and working together to move forward with our businesses. One of our favorite parts about these events is that we get an up-close-and-personal look as all kinds of exciting trends start to emerge in the community. In today's episode, we are highlighting 10 new trends that we've identified in the location-independent community. You'll hear about business models that becoming popular, how entrepreneurs are moving forward in the wake of the pandemic, and hot locations for digital nomads in 2022.
10/28/202150 minutes, 8 seconds
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TMBA620: The Upside of Running an Agency

Today's podcast is all about a business model that sometimes gets a bad rap on this show: "the agency". We recently bumped into our friend Johnathan Solorzano at MicroConf in Austin, and he had quite a bit to say about the subject. Johnathan is the founder of Solo Media Group, a remote agency of web developers that focuses primarily on Shopify and WooCommerce projects. We've invited Johnathan onto the show this week to share his thoughts about the upside of running an agency, specifically how it can provide you with unique insights into your market, improve your professional network, and help you start earning revenue fast.
10/21/202137 minutes, 15 seconds
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TMBA619: Does Your Business Need an "Operating System"?

In last week's podcast, Carrie McKeegan shared how she has been using author Gino Wickman's EOS (Entrepreneurial Operating System) to help her grow and manage her team. This week, we're diving deeper into the topic by speaking with an entrepreneur who has developed their own customized version of the very same system with impressive results. Neel Parekh is the founder of MaidThis, a business that offers cleaning services for residential homes and AirBNB rentals. Neel joins us today to discuss why he chose to use the EOS system in MaidThis, the steps he has taken to implement it, and how smaller businesses can utilize a "Lite" version of EOS to help manage their teams.
10/14/202153 minutes, 58 seconds
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TMBA618: Exploring Alternative Education Options for Nomadic Families

We've spoken at great length on this podcast about how the Covid pandemic has forced us to make changes in the way that we run our businesses. This week, we're going to speak to an entrepreneur who used the landscape of Covid as an opportunity to provide an entirely different educational experience for her children. Carrie McKeegan is the CEO and co-founder of Greenback Expat Tax Services, which helps Americans abroad prepare and file their taxes. She and her husband Dave have been living outside of the United States for many years, raising their children as "Third Culture Kids", a subject that has become increasingly popular in our online community. Carrie joins us this week to talk about what it's like educating children abroad, why she decided it was time to "reinvent education" for her kids, and how the book "Traction" by Gino Wickman has shaped the way that she manages her team.
10/7/20211 hour, 7 minutes, 16 seconds
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TMBA617: Once Upon a Time in Mexico

It has been nearly two years since we've hosted an event for the members of our private membership forum The Dynamite Circle. DCMEX, our first official event since 2019, is just a few short weeks away, and we couldn't be more excited to see so many listeners of this podcast in Mexico City this October. In-person events are so important to those of us in the entrepreneurial community. From the relationships that we develop to the things that we learn together, there are so many reasons why entrepreneurs can benefit from being together in the same place. We've invited our longtime friend Jeff Pecaro back onto the show this week, to reflect on what the past few years have been like without DC events, how things have changed since the last time we've all been together, and why we've chosen Mexico City for our newest event.
9/30/202134 minutes, 35 seconds
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TMBA616: The True Cost of Burnout, Anxiety, and Entrepreneurial Depression

Today's episode is all about mental health, depression, anxiety, and the effect that these things can have on the way that we run our businesses. Benny Lewis is the founder of Fluent in 3 months, and he recently opened up about his own struggles at our unofficial DCx event in London a few weeks ago. While his business was "successful" by many traditional metrics, his personal life was far from it. He soon found himself under a mountain of credit card debt, with his marriage to his partner of five years ending in divorce. Benny joins us on this week's podcast to share the details of his personal journey. You'll hear about his battle with clinical depression, the steps he took to get back on his feet, and how his business was able to survive through such a tumultuous period in his life.
9/23/202154 minutes, 40 seconds
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TMBA615: 8 Simple Steps for Improving Your Sales Funnel

This week's episode is full of actionable advice for anyone who is looking to improve their revenue and optimize their sales. We were taking notes throughout the entire conversation with today's guest, and by the time it had ended, it felt like we had taken part in an incredible workshop. John Ainsworth is the founder of Data Driven Marketing, and he has recently started a group that coaches course creators who are looking to increase the revenue of their business. John joins us on today's podcast to share the specific steps that he has been using with his own clients that have helped them see immediate results in their sales funnel.
9/16/202157 minutes, 18 seconds
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TMBA614: The Lifestyle Ladder

This week's podcast is inspired by a blog post that we published back in 2014. That post was titled "What is the Real Cost of the Permanent Travel Lifestyle?" and many of the points we touched on in that article are still being discussed by people in our community today. One of those people is Jesse Schoberg. Jesse is the co-founder and CEO of DropInBlog.com, and he is all too familiar with the challenges of bootstrapping his way up the "Lifestyle Ladder". Jesse joins us this week to share his thoughts on location arbitrage, financial freedom, and what he believes the "Lifestyle Ladder" of the permanent traveler looks like in 2021.
9/9/202148 minutes, 17 seconds
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TMBA613: Is It Possible to Raise a Family as a Digital Nomad?

We've seen a lot of great conversations take place in our private community The Dynamite Circle as of late. One of our favorites came in the form of a thread titled "Is Digital Nomadism Possible to Combine With Having a Family?" While there were many insightful responses in that thread, one member, in particular, caught our attention. Steven Ladek is the Principal of E-Learning Advocacy for a company called Open LMS. He's also a longtime entrepreneur and has lived outside of the United States for 16 years. Together with his wife Dana, they have raised three children in Hungary, Costa Rica, Thailand, and Mexico. Steven joins us this week to talk about what it's really like to balance parenting with nomadism, and the unique challenges that expat families face around the globe.
9/2/202140 minutes, 52 seconds
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TMBA612: Mailbag: Avoiding Drama in Your Business

We are once again reaching into the mailbag this week to answer some pressing questions from the Tropical MBA audience. This is a somewhat unorthodox episode, as we are "shooting from the hip" on a variety of items that have come across our desk in the past few months. We'll be discussing how to structure your teams (specifically in an agency), tips for staying focused on what's important in your business, and how to avoid the dreaded "D-word" in your business: drama.
8/26/202124 minutes, 28 seconds
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TMBA611: Should You Bootstrap or Seek Funding For Your Startup?

Today's guest has been on an incredible journey that touches on so many of our favorite entrepreneurial milestones. Derek Pankaew is the co-founder of Mythia, a financial startup that has partnered with banks to create a debit card aimed exclusively at gamers. He has experienced just about every entrepreneurial path, from running a "4-Hour Workweek" business built on passive income, to seeking out more ambitious projects in the San Francisco startup community, and eventually raising roughly 2.2 million dollars in venture capital funding. Derek joins us this week to take us through the steps of his incredible journey, and to share some of the fundamental differences between bootstrapping and running a venture capital-backed business.
8/19/202140 minutes, 39 seconds
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TMBA610: Building Deal Flow from Social Media and Content Marketing

Today's episode is particularly insightful for entrepreneurs who are looking to improve their social media or content marketing game, and for those of us who are interested in the property investment space. Moses Kagan is the co-founder of Adaptive Realty, a boutique real estate private equity firm based in Los Angeles, which has about $200 Million in assets under management. He is also an extremely savvy Twitter user and has successfully leveraged that platform to build meaningful relationships, many of which have led to massive investment deals. Moses joins us this week to talk about his strategies for social media and content marketing, the principles he has used to drive the success of his real estate business, and so much more.
8/12/202140 minutes, 55 seconds
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TMBA609: Is "DeFi" the Future of Finance?

This week, we are once again diving into the world of cryptocurrency and blockchain technology. Gerbz is a regular contributor to this podcast and our go-to guy for all things crypto. He is the founder of BitLift.com, and the host of the brand new BitLift podcast, which aims to guide people down the crypto rabbit hole. Gerbz joins us this week to discuss the world of "Decentralized Finance", or "DeFi", where smart contracts and blockchain technology are being used to replace traditional financial institutions. He'll also be answering 5 pressing questions that we have about the state of crypto in 2021. Disclaimer: These are just our opinions, and are presented for informational purposes only. They are not intended to be considered as financial advice.
8/5/202151 minutes, 13 seconds
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TMBA608: The History of Digital Nomadism

The term "Digital Nomad" has been beaten to death over the years, but it still means a lot to those of us who have identified with that label. James Clark is certainly one of those people. He's been a full-time nomad since the early 2000s, and we've shared many great memories with him around the world. James is also the author of a brilliant blog called Nomad Notes, where he recently published an article that captured our attention. The post was titled Digital Nomadism History, and in it he chronicles the start of the digital nomad movement through today, touching on all of the most important milestones. James joins us on today's podcast to talk about the history of digital nomadism, what inspired him to write that blog post, and a whole lot more.
7/29/202149 minutes, 36 seconds
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TMBA607: The Lonely Path of the Solopreneur

Longtime listeners know that Dan and Ian have been business partners for many years, and sometimes it's hard for us to imagine what it would be like to run a business on our own. So many entrepreneurs do choose this path, though, and the quest of a "Solopreneur" can be a long and arduous one. Darren Joe is the director of TouchMBA, a service that matches prospective students with MBA programs. He is also the author of a new book called "The Fail-Safe Solopreneur", where he offers some insights and practical exercises to help navigate the journey of the solopreneur. Darren joins us on today's podcast to talk about his own journey as a solopreneur, what inspired him to write this book, why he has chosen to make Ho Chi Minh his home, and much more.
7/22/202139 minutes, 51 seconds
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TMBA606: Reflections on 10 Years of Running an Online Community

We aren't usually the type for navel-gazing, but this summer marks an important milestone for us. 10 years ago, our desire to "find our tribe" led us to form the Dynamite Circle, a private membership community of location-independent entrepreneurs. Since then, there have been dozens of DC events all over the globe, and it has truly become a life-changing adventure for so many of the people involved in the community over the last decade. We've invited our good friend Jeff Pecaro on to the podcast this week to look back on the ups and downs of the last ten years of the Dynamite Circle. We are also going to pull back the curtain a bit and discuss the behind-the-scenes details of what it's really like to run a private community and the unique challenges that these types of businesses present.
7/15/202141 minutes, 54 seconds
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TMBA605: What Makes a Great Remote Employee?

This week's episode was inspired by a question from a listener. Katie recently graduated with her master's degree, and while she appreciated the insight that we've shared in the past about how to get a remote job, she wanted to know more about what it takes to succeed at a remote position once you get it. This got our wheels spinning, and we put together a list of five important factors that can help employees become "A Players" in their remote positions. This conversation is of keen interest to remote employees and employers alike. You'll hear about the difference between good employees and great ones, why "B players" have been struggling with remote positions, and a whole lot more. We'll also be sharing some news about our first event in nearly two years.
7/8/202144 minutes, 32 seconds
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TMBA604: Is Real Estate the Endgame for Entrepreneurs?

Nick Huber has been on a wild ride since we last spoke to him in 2019. Nick is the host of a podcast called The Sweaty Startup, and at the time he was running a business called Storage Squad, a storage company that helped students store their belongings at universities all across America. Covid threw that business for a loop, but Nick was able to make some fast decisions that allowed him to sell that company and pivot into a new endeavor, a multi-million dollar real estate private equity company called Bolt Storage. Nick joins us on this week's podcast to share what happened when the coronavirus pandemic shut down most of his business, why he has decided to pivot into the real estate business, how he utilizes Twitter to help find investors, and a whole lot more.
7/1/202153 minutes, 39 seconds
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TMBA603: Returning to Nomadic Life

Summer is here, and it's starting to feel like things are returning to "normal." For many of us in the community, that means that we're finally going to have the opportunity to pick up our backpacks and return to nomadic life. Jesse Schoberg is the co-founder and CEO of DropInBlog.com, a Software as a Service platform that helps users add blogs to their websites. Jesse has been a full-time nomad for over 7 years, and he joins us on this week's podcast to discuss how he was able to transition from running an agency to creating a product, and why he finds the nomadic life so appealing. If you're ready to get back on the road, or perhaps you've decided that it's finally time to double down on entrepreneurship and go remote, this is the episode for you.
6/24/202150 minutes, 46 seconds
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TMBA602: 5 Strategies for Growing an 8-Figure Business

A few weeks ago we said something on this podcast in jest, but one of our more attentive listeners latched onto it. "I find myself some days waking up and saying 'are we going to make it?'" Our good friend John Ainsworth heard this and he reached out to us with a little bit of concern, hoping to find out more. What exactly does it mean when we ask that question, "are we going to make it?" We'll be seeking the answer to that on today's podcast, as well as sharing five principles that we have been employing recently in our quest to grow an 8-figure business. Stick around to the end of the episode to hear a tribute to one of our dearest friends.
6/17/202139 minutes
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TMBA601: Creating Meaningful Online Communities

We've learned over the years that being a part of a community of like-minded people is one of the most valuable experiences that you can have as an entrepreneur. This was our core motivation for forming The Dynamite Circle, our own online community of location-independent entrepreneurs, back in 2011. We originally built that community on a platform called Ning, largely because it was the best option on the market at the time, and it served us well for many years. Gina Bianchini is the former CEO of Ning. She recently decided to leave that company to create Mighty Networks, a sophisticated platform aimed at helping creators build their own online communities. We've invited Gina on to the podcast today to talk about the challenges of building and running online communities in 2021, how communities on the internet have evolved over the past decade, how to grow an 8-figure remote business, and more.
6/10/202131 minutes, 48 seconds
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TMBA600: Why It's So Hard to Replicate Success with Derrick Reimer

This week's episode is full of so many recurring themes that we've seen over the years on this podcast, from the unique struggles that SaaS businesses face, to the decision between bootstrapping and funding, and much more. Derrick Reimer has had a long and storied career as a software entrepreneur, but he is perhaps best known as the technical co-founder of Drip, which he built alongside our good friend and former guest Rob Walling. Since exiting Drip three years ago, Derrick jumped headfirst into his next project: a team-chat software named Level, which he ultimately chose to walk away from in 2019. Today, Derrick joins us to talk about why he made the decision to shut down the product that he has spent a year building, as well as the details of his newest project, a sophisticated scheduling tool named SavvyCal.
6/3/202147 minutes, 12 seconds
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TMBA599: The Art of Acquiring Businesses

We've shared a lot of stories on this podcast from entrepreneurs who have started their own businesses, but one strategy we've increasingly seen to accelerate the path to wealth is to purchase a business that already exists and to leverage debt to do so. Today's guest is an expert at that. Shakil Prasla has been acquiring businesses through his company SZ Ventures for nearly a decade. He started with a loan from the Small Business Administration and now has a team of roughly 80 people who are managing niche eCommerce companies. They are selling anything from high-end business cards to their most recent acquisition, Gloves.com. In today's podcast, Shakil shares the story of how he purchased his first business, how he has grown to where he is now, strategies for taking advantage of Small Business Administration loans, and much more.
5/27/202135 minutes, 13 seconds
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TMBA598: Winning with Twitter and Writing for the Web with David Perell

Today's episode is all about creating content, in particular, how to create written content that people actually want to read. David Perell is the co-founder of an online writing school called Write of Passage, and he is an expert at teaching people how to cultivate ideas and distill them into writing. He's also an extremely savvy marketer, with tons of important insights into the future of social media and internet marketing. David joins us on today's podcast to share specific writing strategies that have worked for him, what it really takes to grow a Twitter account that has the potential to change your business, and a whole lot more.
5/20/202153 minutes, 37 seconds
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TMBA597: Five Things We Can't Stop Thinking About in May 2021

This week's podcast is a little bit out of the ordinary. While we have been busier than ever this month over at Dynamite Jobs, we still can't help but find things on the internet to get worked up about. We thought it would be fun to take a look at five specific news items and ideas that have recently come across our desk that we just can't stop thinking about. These topics range from how to deal with FOMO, why it's important to get powerbrokers involved in your business, the "muddy middle" of freelancing, and so much more. We hope that these five topics can help inspire you to make the next great move in your location-independent business.
5/13/202140 minutes, 15 seconds
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TMBA596: What's Really Stopping You From Achieving Wealth?

Welcome back to another episode in our long-running series The Re-Readables, where we revisit some of our favorite business books to find out if they stand the test of time. How to Get Rich was written in 2009 by author and entrepreneur Felix Dennis. Felix was the founder of Maxim magazine, and he aimed to create a book about getting rich from "someone who didn't need to write it". The result is incredibly funny, direct, and thought-provoking. Joining us this week is our good friend Coran Woodmass of TheFBABroker.com, who has just read the book for the very first time and is eager to share his thoughts. We'll be discussing the finer points of How to Get Rich, what we believe has aged the best and what has aged the worst, some of our favorite quotes, and much more.
5/6/202141 minutes, 55 seconds
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TMBA595: Hiring Tips for Remote Companies in 2021

This week's episode features insider knowledge on the processes behind hiring and recruiting remote talent from someone who has been deeply involved in the industry for over a decade. Greg is the Senior Recruiter at Dynamite Jobs, as well as one of The Bossman's closest friends. Avid listeners might remember his name from the "ferret story" that we've shared on this podcast in the past. (We'll touch on it again in this episode as well) His addition to our team has been pivotal as we've been developing our flat-rate done-for-you recruitment services. Greg joins us on the podcast this week to talk about his history in the job recruitment industry, how and where he finds the best candidates for jobs, which skills are in the hottest demand right now, and so much more.
4/29/202130 minutes, 51 seconds
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TMBA594: Predictions About the Near Future - The Sovereign Individual

This week's episode is another installment of "The Re-Readables", a series in which we revisit some of our favorite business books to find out if they stand the test of time. Greg Gerber has become something of a regular contributor here on the Podcast. Greg is the founder of BitLift, and he is our go-to guy for all things blockchain and cryptocurrency. Greg joins us this week to talk about a book that has become eerily prescient, particularly among the cryptocurrency crowd. The Sovereign Individual by James Dale Davidson and William Rees-Mogg was published back in 1997, but the insights and topics in the book were not only far ahead of their time, but they remain eerily relevant today. In today's podcast, you'll hear our thoughts on why this book is still so important, why it's important for entrepreneurs to be able to see into the future, and how we can consider the ideas within The Sovereign Individual when attempting to look to the future ourselves.
4/22/20211 hour, 2 minutes, 50 seconds
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TMBA593: How to Get a Great Remote Job

We've been seeing some truly explosive growth at Dynamite Jobs since the start of 2021, and we've been helping more businesses than ever find great remote talent for their teams. When our friend Brendan Tully reached out to us on Twitter recently with some suggestions on how we could help candidates find better jobs, we knew we had to talk to him. Brendan is the CEO and founder of Robotmedia, which helps small businesses get more traffic and better conversions. He has been doing quite a bit of hiring recently, and he has developed some strong opinions about the hiring process, particularly in how we can better educate job prospects who are applying for remote positions. Brendan joins us today to talk about what he looks for when browsing candidate resumes, what a great resume looks like, and what he believes that candidates can do to have a better chance of getting a great remote job.
4/15/202156 minutes, 52 seconds
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TMBA592: An Entrepreneurial Approach to Investing

What if your knowledge as an entrepreneur could benefit you as an investor? We've talked about cryptocurrency and unorthodox investments in the past on this show, but the traditional financial system is still something of a mystery to a lot of entrepreneurs. Enter Simon Stock. Simon is a longtime friend of ours, who cut his teeth as an entrepreneur running eCommerce businesses. These days, Simon is a full-time investor, and his approach to the stock market is not unlike the way that many of us have run our own businesses. Simon joins us this week to talk about what entrepreneurs can stand to gain from investing in the stock market, what investment strategies have worked for him in the past, and how our entrepreneurial skillset can help us when investing in the traditional financial system. Disclaimer: The ideas discussed in this podcast are for entertainment purposes only and should not be considered financial advice.
4/8/202153 minutes, 55 seconds
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TMBA591: The Surprising Habits of Wealthy People with Noah Kagan

Our good friend Noah Kagan recently published a video that caught our attention. Noah is the founder of AppSumo.com, and his YouTube channel has been one of our favorite destinations as of late for thoughtful content about entrepreneurship and creating wealth. That video was called 10 Surprising Things About My Richest Friends, and in it, Noah outlined some specific habits that he has seen time and time again among the wealthiest people in his social circle. We were so enthralled by some of the unorthodox ideas that he presented in that list, that we knew we had to talk to Noah to dig a bit deeper into what he had learned. In today's episode, Noah joins us to discuss the types of habits that the super-wealthy have cultivated, how people become wealthy in the first place, and what we can do to emulate some of these behaviors ourselves.
4/1/202152 minutes, 29 seconds
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TMBA590: Mailbag: How Long Does it Really Take to Achieve Freedom?

We always love receiving thoughtful questions from Tropical MBA listeners around the world. A few weeks ago, a winter storm in Texas forced us to re-run one of our favorite episodes of this show called 7 Things to Consider When Selling Your Business, in which Dan and Ian describe the process of selling their eCommerce business back in 2015. Our decision to revisit that particular story elicited a ton of responses from those of you who had never heard it before, and from those who were listening to it with a fresh perspective nearly five years later. This week we are responding to several listener questions about that story, discussing our feelings on the exit nearly five years later, addressing how long it really takes to "fire yourself" from your business, and a whole lot more.
3/25/202135 minutes, 45 seconds
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TMBA589: Creating a Software Business Without Technical Expertise

We've been devoting a lot of time on this podcast recently to SaaS or "Software as a Service" businesses. That's because we love the upside of SaaS, including the potential for generating recurring revenue and creating life-changing exits. But is it possible to create a software business without knowing how to code? Alan VanToai is the founder of CrewFire.com, a brand ambassador and influencer management platform. Alan has very limited technical expertise, but that hasn't stopped him from creating and exiting from multiple software ventures. Alan joins us on today's podcast to discuss how you can start a SaaS business without a technical partner, how to attract a technical partner when the time comes, and some personal feelings about one of our very favorite places in the world: Vietnam.
3/18/202152 minutes, 23 seconds
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TMBA588: Getting Comfortable With Failure

When it comes to entrepreneurship, failure can often be more important than winning. So many of the greatest success stories start with failure because it's what we learn from those failures that ultimately leads us to the success that we seek. Today's guest describes himself as "an expert at failure". Sean Markey started his career as a special education teacher and spent the better part of a decade bouncing between jobs and going into debt, all the while trying to find a way to earn a living online. Despite several high-profile failures, Sean managed to hone his skills at SEO and started creating and building websites that earn affiliate income. He recently sold one of those websites for what he described as "life-changing money". Sean joins us this week to discuss some of his greatest failures, how he was able to learn the skills that ultimately led to his success, and why failure itself is such an important part of the entrepreneurial journey.
3/11/20211 hour, 3 minutes, 20 seconds
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TMBA587: The Real Problem With Fake Reviews

When we received an email from today's guest, we were fascinated by his story and we knew that we had to speak to him. Curtis Boyd is the founder of two incredibly unique businesses. The first one is a bespoke consultancy for high-level service companies and the second one is a software as a service business called Objection.co. Both of these businesses were created with a singular goal in mind: to identify and dispute fake reviews on the internet. Curtis began by disputing a single review for his first client and soon found himself competing in an arms race with fake reviewers in what has become a multi-million dollar industry of deception. Curtis joins us this week to discuss how a chance encounter led to his unique consulting career, why he decided to go back to school to learn about artificial intelligence, tips for identifying fake reviews, and a whole lot more.
3/4/202149 minutes, 31 seconds
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TMBA586: The Reformed "Bad Boss"

After a wild and dramatic week in Austin TX, we are excited to return to our regularly scheduled programming and to highlight an entrepreneur with a unique career trajectory. Casey von Neumann started out as many of us do, by freelancing, teaching music classes to students in Atlanta, G.A. As her client base grew, she began scaling her services into a full-blown music school called Eclectic Music and has since built multiple businesses in the education space. It wasn't long though before Casey discovered that she had trapped herself in the day-to-day operations of her business. She was forced to come to the difficult realization that she was a "bad boss" who needed to make fundamental changes to the way that she interacted with her team. Casey has recently begun sharing what she has learned from that experience by coaching entrepreneurs in an area where so many of us struggle - building, keeping, and managing a team. Casey joins us this week to share her entrepreneurial origin story, what it means to be a "bad boss", and how we as entrepreneurs can take steps at the onset of our business to create a better work environment for ourselves and our employees.
2/25/202147 minutes, 14 seconds
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TMBA585: There's No Business Like Snow Business

Austin, TX was hit by a very unique winter storm preventing the team from putting out a full episode this week.
2/18/202154 minutes, 1 second
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TMBA584: From Services Failure to Software Success

This week's episode features a story with a lot of familiar themes.  Today's guest started out as so many of us do, with a weekend side hustle.  Amar Ghose is the CEO of ZenMaid, a niche scheduling software for maid services that he co-founded in 2013. When his first attempt at launching a maid services company failed, Amar was able to use what he learned from that experience to pivot into a software product designed for other businesses in the maid services industry. Amar joins us this week to talk about the origins of ZenMaid, what playing online poker has taught him about running a business, how he has applied digital marketing strategies to a blue-collar industry, and a whole lot more.
2/11/202157 minutes, 25 seconds
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TMBA583: Building a Business With the Intention to Sell

Today's podcast is about a topic that near and dear to our hearts and one that we've actually written a book about in the past. Longtime listeners know that roughly six years ago we sold our product business, and in the years since we have spent a considerable amount of time processing that decision and examining what happens not only at the core of successful exits but in the aftermath of them as well. John Warrilow is the author of a trilogy of books about this very subject, including Built to Sell, The Automatic Customer, and his most recent book The Art of Selling Your Business. He has also spoken with hundreds of entrepreneurs on his own podcast (including our very own Bossman) about their experiences exiting from their businesses. John joins us on this episode to discuss what makes a successful exit, how to build a business with the intention of selling, what he has learned from speaking to entrepreneurs about exits over the years, and so much more.
2/4/202151 minutes, 3 seconds
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TMBA582: The Upwork Hustle

Since the start of the year, we've been focusing heavily on stories about starting new businesses as well as what we believe are the "fundamentals" of being an entrepreneur. When we received a video message from today's guest, who was telling us how excited he was to finally join our private membership group The Dynamite Circle, we knew we had to hear more about his story. In just a few short years, Sam Hill has grown his company E Comm CFO to nearly $300,000 in annual revenue, and he was able to do it by straight-up hustling on the freelancing platform Upwork. This week, we've invited Sam onto the podcast to share the origins of his entrepreneurial story, the nuts and bolts of how he was able to grow a business on Upwork, and some of his guiding principles for entrepreneurship.
1/28/202139 minutes, 3 seconds
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TMBA581: 4 Frameworks for Starting a New Business in 2021

We've been spending a lot of time over the past few weeks talking about the "business fundamentals", or the everyday habits that we believe entrepreneurs should be practicing. In keeping with that theme, we've decided to revisit some specific concepts that we've spoken about on this show in the past, and that we have seen at the core of so many successful entrepreneurial stories. On today's podcast, we'll be sharing four frameworks for how to get started with a profitable business idea in 2021. We'll be exploring each of these philosophies, as well as citing some specific examples of how each of these frameworks have been used successfully by the entrepreneurs that we have featured on this podcast in the past.
1/21/202149 minutes, 44 seconds
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TMBA580: Mailbag: Making New Moves in the New Year

January is one of our favorite months of the year because it's a time for starting over, setting new goals, and making plans for how to achieve them. It's no surprise then that our inbox starts filling up with messages from excited entrepreneurs who are looking for new ways to push forward with their businesses. This week, we're reaching into the mailbag once again to answer questions submitted by Tropical MBA listeners around the world. We'll be discussing a series of topics specifically related to starting new businesses, finding new revenue streams, and making new moves in your business in 2021.
1/14/202143 minutes, 13 seconds
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TMBA579: The Price of Tomorrow

Every once in a while a book comes around that completely captivates us and leaves us with more questions than answers. When we discovered "The Price of Tomorrow" by Jeff Booth, we knew we needed to hear more from the man who wrote it.  Jeff is a Canadian-based entrepreneur who has built and invested in numerous companies, including BuildDirect, which he helped grow to $220 Million dollars in annual revenue. We were absolutely taken by the ideas he presented in his book, as well as Jeff's perspective on the future of the global economy. Jeff joins us on today's podcast for what turned out to be an incredibly poignant conversation about the global financial system, inflation and deflation, technology, and so much more.
1/7/20211 hour, 46 seconds
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TMBA578: It's All About the Fundamentals

This is the time of year when so many people are making goals and resolutions. These types of things are great, but we've always believed that the best way to is to see real progress is to create healthy habits and practices. Successful athletes do this by continuing to practice their fundamentals, the core skills that are most important to their game. Today we're going to be looking at how we can practice our business fundamentals so we can improve our daily habits and set ourselves up for success in the new year. We'll be sharing some specific ways that you can improve your finances, your time, your relationships, and much more.
12/31/202037 minutes, 51 seconds
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TMBA577: A Wild and Unforgettable Year in Review

To say that the last twelve months were unpredictable would be a massive understatement. For ourselves and so many other entrepreneurs, the COVID outbreak not only threw a wrench into our plans for 2020, it completely changed the way that we did business this year. Many of us were operating in industries that were adversely affected by the pandemic on a profound scale. Others, particularly those in eCommerce, experienced one of the most successful years of their entrepreneurial careers. In today's episode, we are revisiting some of the highs and lows of a wild and unforgettable year. You'll hear our opinions on how the year has played out on a broader scale, some insights into how our own businesses have fared over the year, and some highlights from our favorite moments on the podcast in 2020.
12/24/20201 hour, 4 minutes, 43 seconds
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TMBA576: The Kings of Crypto

Like so many other entrepreneurs, we are fascinated by cryptocurrencies. We are naturally drawn to the technology because we believe it has the potential to cause some serious disruption in the financial sector. You might recall a few years back that we interviewed Nathaniel Popper about his book Digital Gold, which chronicled the origins of Bitcoin. Today's guest has written what feels to us like the next logical chapter of that story. Jeff Roberts is the author of Kings of Crypto, a book that details how the cryptocurrency startup Coinbase drove crypto out of the shadows of the internet and into the mainstream financial industry. Jeff joins us this week to talk about how the book came to fruition, crypto's evolving place within mainstream finance, the ideological battles happening within the space, and so much more.
12/17/202052 minutes, 20 seconds
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TMBA575: A Blue Collar Origin Story

Even though 2020 has been a difficult year for some entrepreneurs, it has arguably been an all-time year for many people running eCommerce businesses. Longtime listeners know that we first cut our teeth in the eCommerce space, and we love keeping tabs on how that industry continues to evolve and innovate. It's no surprise then that today's guest made his way onto our radar. Aaron Rubin is a longtime veteran of eCommerce. Aaron's growing annoyance with the shipping costs related to his business drove him to create ShipHero, a remote company that offers outsourced shipping fulfillment services and warehouse management software to other eCommerce businesses. Today, more than 1 in every 200 eCommerce packages delivered in America are shipped through ShipHero. Aaron joins us today to share his story. You'll hear how his first eCommerce business nearly went bankrupt, how a need to "scratch his own itch" led to the creation of ShipHero, and Aaron's somewhat insider take on where the eCommerce industry is headed in the future.
12/10/202050 minutes, 29 seconds
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TMBA574: The Power of Entrepreneurial Persistence

We are reaching back into the mailbag this week to answer questions submitted by Tropical MBA listeners around the world. In this edition, we'll be focusing on three specific questions that we believe get to the core of what it means to be resilient as an entrepreneur. We'll be discussing how much money you should save as a "runway" if you plan on leaving your job, the fundamental differences between hiring freelancers and hiring employees, and how you can navigate questionable business advice on the internet. You'll also hear an update about the new products that we are launching over at Dynamite Jobs, and why we are somewhat optimistic about events returning in 2021.
12/3/202035 minutes, 47 seconds
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TMBA573: The Art of Personal Blogging

This week's episode is about something that is incredibly near and dear to our hearts: personal blogging and what it means to write on the internet. To help us tell this story, we've invited two of our favorite writers who both have a long and rich experience in the blogging space. Taylor Pearson has been a frequent guest and contributor on this podcast. He is the author of The End of Jobs, and he runs an excellent blog over at TaylorPearson.me that has been required reading for us for quite some time. Amanda Cook is an author, a podcaster, herbalist, and the founder of a business called Wellpreneur. Over the years, she has published online about a wide variety of projects, but the one consistent thing is that she's always had an excellent blog, which you can find at AmandaCook.me. Join us for this round table discussion about the past and future of blogging on the internet, tips for those starting out with a personal blog, some of our favorite blogs to read today, and so much more.
11/26/20201 hour, 6 minutes, 43 seconds
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TMBA572: 4 Things We've Learned From Building a New Software Platform

We've been receiving a ton of requests recently from listeners who want to hear an "old school" episode, so this week Dan and Ian are jumping on the horn to talk about the progress that they've made with their remote jobs business Dynamite Jobs. Since the start of the summer, we've been building a new software platform designed to make the hiring process a whole lot easier for entrepreneurs. Just a few weeks ago, we finally started onboarding users into the platform. So far the results have been remarkable, but the challenges immense. In today's episode, we're sharing four specific things that we've learned from creating a brand new software product. You'll hear updates about some key figures in our business, how running a SaaS business has differed from a lot of our other ventures, and a whole lot more.
11/19/202052 minutes, 34 seconds
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TMBA571: There is Only One Kevin Kelly

For our money, there is nobody quite like Kevin Kelly. Not only is he one of the co-founders of Wired Magazine, but he is also the author of some of our favorite pieces of writing about technology, including What Technology Wants, New Rules for the New Economy, and the brilliant essay 1,000 True Fans, which has been discussed countless times on this show over the years. This week, Kevin is joining us for a conversation about technology and how it informs our lives and businesses. On this podcast, Kevin shares his thoughts about why we have to stretch our imaginations more, what we can learn about technology from the Amish, why you should focus on "Being the only", and so much more.
11/12/202054 minutes, 16 seconds
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TMBA570: Productizing Your Way to Freedom

Today's podcast is all about one listener of this show who took the concept of productizing and applied it incredibly well at a very high velocity. More than that, it's a story about endurance, applying systems intelligently, and the power of community. Ian Horley left a long stint at a successful corporate job in 2014 to create his own web agency, but he ultimately found himself incredibly stressed and unhappy. Today, Ian is the founder of HubSnacks, a productized service which offers unlimited tasks on the HubSpot platform for a fixed monthly fee. In this week's episode, Ian joins us to recall his tale of leaving the corporate world, why he struggled with the day-to-day of running an agency, and how productizing has finally allowed him the freedom to create a business on his own terms.
11/5/202052 minutes, 52 seconds
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TMBA569: An Ode to DCBKK

Longtime listeners know that this is typically the time of year that we host DC BKK, our annual Dynamite Circle event in Bangkok. Each year, hundreds of entrepreneurs flock to the capital city of Thailand for the chance to meet and share ideas with like-minded people from across the globe. This has always been sort of a magical time for so many of us in the community, and to say that we are disappointed that we can't take part in it this year would be a huge understatement. It has become something of a tradition that our good friend Jeff Pecaro sits down with us after the event to crack open a beer and talk shop. Jeff is an incredibly talented copywriter and the founder of MostlyStories.com. He is also the man behind the content at most of our in-person events. This year, Jeff is joining us virtually on the podcast to commiserate and share some of our favorite memories, thoughts, and insights into the history of DCBKK.
10/29/202047 minutes, 46 seconds
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TMBA568: ‘I’m Fiscally Bitcoin and Socially Ethereum’

It goes without saying that as internet entrepreneurs, we are fascinated by the future of money, and it's hard to talk about the future of money without talking about cryptocurrency. Greg Gerber is our go-to guy when it comes to simplifying the complicated world of crypto. We've invited Greg back on to the show this week to talk about the state of crypto in 2020. As this conversation unfolds, you'll hear about the philosophical differences between Bitcoin and Ethereum, the emerging lending industry in the crypto space, and how Greg hopes to help more people go down the crypto rabbit hole with his newest venture, BitLift. Disclaimer: These are just our opinions, and are presented for informational purposes only. They are not intended to be considered as financial advice.
10/22/20201 hour, 9 minutes, 53 seconds
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TMBA567: A Shopify Software Business Success Story

We've been devoting a lot of time to talking about software businesses in recent weeks. One of the reasons we are so fascinated by them is that despite how difficult it can be to start one, these types of businesses can have tremendous upside. Jordan Gal is the founder of CartHook, a software company that helps Shopify merchants present offers to shoppers at checkout. Jordan first reached out to us back in 2015 with an investment opportunity (and we turned him down!). It really shouldn't come as a surprise then that Carthook has grown exponentially in the years since, with its user base having made more than a billion dollars worth of sales. Jordan joins us on today's podcast to share the story of CartHook.
10/15/20201 hour, 44 seconds
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TMBA566: Why Do SaaS Businesses Fail?

Today's episode is all about software startups, and there are very few people more capable or qualified to talk about them than today's guest. Simon Payne first joined us on this podcast back in 2016 to talk about his role as the technical co-founder of Leadpages. Since leaving Leadpages in 2016, Simon has gone on to found multiple software companies, including a video tool called Convert Player, and a ticketing tool that we regularly use in our own business called EventsFrame. But, as you will hear on today's podcast, the results of these endeavors have ultimately been a mixed bag.  Simon joins us this week to share the details of his entrepreneurial journey over the last few years, to discuss how the relationships between developers and marketers can make or break a software business, and to explain why he's recently decided to help us build our own software platform at Dynamite Jobs.
10/8/202041 minutes, 52 seconds
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TMBA565: The Origins of the 1,000 Day Principle

Today's episode features a longtime friend and mentor who shared an idea with us many years ago that changed the way that we thought about entrepreneurship. David McKeegan and his wife Carrie are the founders of Greenback Expat Tax Services. David first joined us on the podcast back in 2013, and he is singlehandedly responsible for introducing us to one of our all-time favorite concepts, The 1,000 Day Principle. This idea that it takes 1,000 days of full-time effort to replace the income from your day job has since been dissected on this podcast countless times over the years. David joins us this week to fill us in on the many developments in his business, to share his personal tale of an entrepreneurial identity crisis, and to discuss the lasting legacy of The 1,000 Day Principle.
10/1/202057 minutes, 37 seconds
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TMBA564: The Knowledge Gap vs The Efficiency Gap Revisited (Again)

We talk quite a bit on this podcast about services businesses and the sorts of problems that they seek to solve for their customers.  You may recall that Eagan Heath joined us to share his thoughts about this back in 2018 on an episode titled "The Knowledge Gap vs. The Efficiency Gap Revisited". In that episode, we spoke about whether it is better to serve your customers by filling a "knowledge gap" and teaching them why they need your services or to fill an "efficiency gap" by helping them optimize something that they are already doing. Since then, Eagan and his team have decided to move on from filling "knowledge gaps" for local businesses in Wisconsin and to focus on servicing "efficiency gaps" by providing digital marketing services to eCommerce businesses with his new company Caravan Digital. Eagan joins us this week to share the reasons he's chosen to change his approach to this philosophy and why he feels like the "efficiency gap" strategy has ultimately prevailed.
9/24/20201 hour, 2 minutes, 22 seconds
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TMBA563: How Software With a Service (SwaS) Startups Can Succeed Big in Traditional Industries

One of the promises of entrepreneurship is that there are opportunities to make money all around us if we can learn how to recognize them. Laurence Taylor has recognized some of them himself. Laurence and his wife are the founders of HipTen, a SwaS (Software with a Service) consultancy that works exclusively on the Salesforce platform for the insurance industry. Prior to getting into that niche, they were struggling, as many small startups do, to find their place in the market. Laurence joins us today to talk about the pros and cons of SwaS startups, what it's like working with your spouse, how they saw an opportunity work in the insurance industry, and much more.
9/17/202055 minutes, 47 seconds
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TMBA562: Mailbag: Freedom, Location, and Love in the Age of COVID

We love hearing from listeners of this show. We put out the call a few weeks ago for listeners to send us your stories, and you responded to us in abundance. Our mailbox has been positively chock full of listener voicemails about all kinds of topics. In today's episode, we'll be listening to several of those voicemails and weighing in with our own thoughts and observations. The topics range from how much location really matters, why hustle is the ultimate entrepreneurial muscle, the value of being an "intrapreneur", and love in the age of COVID.
9/10/202048 minutes
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TMBA561: The Smoking Tire

One of our favorite things about this podcast is that we get to talk to people who have inspired us and entertained us over the years. Matt Farah is certainly one of those people. Matt is somewhat of a pioneer in the automotive journalism community on the internet. His long-running YouTube channel The Smoking Tire and his podcast of the same name are both incredibly popular, and among our very favorites. Matt was gracious enough to talk to us on this podcast back in 2016 about breaking through on YouTube, and since we last spoke to Matt a lot has changed in his life. Matt joins us today to talk about how his YouTube channel and podcast have grown over the last four years, and why he is choosing to diversify the money that he earned on YouTube into a somewhat unorthodox brick-and-mortar investment.
9/3/20201 hour, 1 minute, 43 seconds
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TMBA560: 3 Strategies for Acquiring Wealth

A few weeks ago on this podcast, we mentioned that we had started writing a new book based around The 1,000 Day Principle, a recurring topic we've talked about many times on this podcast. In doing research for that book, a few common themes have started to become apparent to us. There are several different paths to becoming wealthy, some of which follow traditional social norms, and others exist in the fringes of society that many listeners of this show might find themselves in. On today's podcast, we are discussing three specific strategies for acquiring wealth that we have come across time and again. These are by no means the only ways to become wealthy, but they are three of the most common methods that we have seen people use to get there. Stick around to the end of the episode to hear some thoughtful and funny listener messages we received in response to last week’s call for ‘Coronavirus related stories’, including one listener who shares the very real challenges of working from home with small children.
8/27/202053 minutes, 9 seconds
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TMBA559: A Summer in Review

As the dog days of summer are coming to a close, we've decided to address several interesting topics that have come across our desk throughout the month of August. One such topic came in the form of an article by entrepreneur and author James Altucher, who discussed why he thinks ‘NYC is dead forever’. He argues that COVID-19’s effects on the business and social dynamics of New York are so far-reaching that the city will never recover. But we see it a bit differently - less as a terminal decline and more as an opportunity for reinvention. We'll also be discussing some fundamental issues that we are seeing some remote job seekers face now that so-called ‘digital nomads’ have had their wings clipped. Finally, you'll hear some of our thoughts on the "new normal" and what the future might look like for digital nomads in the wake of COVID-19.
8/20/202046 minutes, 25 seconds
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TMBA558: Are You Running the Wrong Kind of Business?

In past episodes, we've talked about "Founder Fit", or the idea that you should be running the type of business that is best suited to your own personality and lifestyle. But what happens if you're not doing that? It turns out that having a bad fit between you and what you're building can potentially lead to a whole lot of pain. Jesse Hanley is all too familiar with this experience. Jesse is the founder of an agency called TalentTree, and he recently made the decision to shift the focus of his agency to a productized service model in order to fund the development and growth of his new software company Bento. Jesse joins us this week to share the emotional toll he experienced running that agency, why he decided to make drastic changes to his business to improve his quality of life, and how he has been able to find a large portion of his clientele on a rather unexpected platform.
8/13/202050 minutes, 44 seconds
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TMBA557: Ascending the Staircase

Rob Walling is no stranger to many of the listeners of this show. Rob is the host of a brilliant podcast called Startups for the Rest of Us, where he has shared stories of entrepreneurial ingenuity and struggle, and many concepts that we have discussed on this show have origins on that podcast. He is also the co-founder of a conference called MicroConf, which is a community and conference for bootstrap SaaS founders. After a rather impressive exit with his last startup, Drip, Rob has moved on to his newest project, an accelerator designed for early-stage SaaS startups called TinySeed. Rob joins us this week to discuss some high-level concepts like the emotional challenges of entrepreneurship, to finer details like finding the right pricing models, and how they decided on the right deal terms for TinySeed companies.
8/6/20201 hour, 2 minutes, 47 seconds
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TMBA556: Navigating the Dip

On today's podcast, we are sharing some personal updates, as well as three specific updates about our core businesses. We are also announcing that for the first time in nearly five years, we are hiring a Community Facilitator for our private membership group The Dynamite Circle. Later on in the episode, we'll be exploring the idea of the moment in a business that Seth Godin refers to as "The Dip". You'll hear why this "middle period" of running a business is so difficult, how it feels to be in that dip, and why so many people just can't get out of it.
7/30/202045 minutes, 31 seconds
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TMBA555: Are Productized Services Overrated?

Productized services have long been a subject of discussion on this podcast. They are a relatively attractive business model, especially among first-time entrepreneurs, and we've shared many examples over the years of how to create these kinds of businesses and scale them. Meryl Johnston, founder of the online bookkeeping firm Bean Ninjas, recently started a rather lively debate in the members' forum of our online community The Dynamite Circle with a post titled, ‘Are Productized Services Overrated?’ We've invited Meryl on to the show to find out why she decided to raise that question and to hear her thoughts on a business model that she has personally followed for the last five years. Meryl joins us today to discuss what a productized service really is, the strengths and weaknesses of the model, and why she's wondering whether her own company needs to evolve past it.
7/23/202050 minutes, 56 seconds
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TMBA554: A Healthy Equilibrium

Christopher Gimmer is the Co-Founder and CEO of Snappa, a SaaS (Software as a Service) business that allows users to create online graphics quickly and easily. Christopher caught our attention recently when he opened up with a post on Twitter about the emotional cost of being an entrepreneur. We invited Christopher onto the podcast this week to discuss his own journey as an entrepreneur, how difficult it can be for entrepreneurs to find and maintain what he calls "a healthy equilibrium", and how he works to achieve his own balance. You'll also hear why Christopher feels that having a business partner has been key to Snappa’s eventual success and what he sees as the pros and cons of SaaS businesses.
7/16/202049 minutes, 51 seconds
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TMBA553: Protecting Your Passion

It started with an innocuous-looking image of a yellow aeroplane and ended with a number of threatening letters from a law firm on behalf of the travel site Expedia. In today’s episode, we bring you the denouement of the story of why we decided to remove ‘that plane’ from our branding. And, to find out whether we really needed to do it, we’ve invited back our good friend and Intellectual Property (IP) attorney Sarah Kornblet Waldbuesser from Destination Legal. You'll also hear Sarah's thoughts on the best way to protect your brand or logo, how to differentiate between "trademark scams" and what should be taken seriously, and a whole lot more.
7/9/202039 minutes, 21 seconds
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TMBA552: The Art of Buying and Selling Web Domains

On today's podcast, we're excited to finally reveal that our remote jobs platform Dynamite Jobs is officially a ".com business". After three years of running the company with a .co domain, that .com marks a huge symbolic change for our company, but it didn't come cheap. Enter Rob Barbour of DomainSOS.com and DomainVIP.com. Rob has worked in the domain space for over twenty years and he owns a substantial portfolio of his own domains. He also specializes in helping people acquire domains that are difficult to obtain. In this week's podcast, Rob joins us to talk about his history as a domain broker, how the industry has changed over 20 years, and how he helped us secure DynamiteJobs.com for our business.
7/2/20201 hour, 8 minutes, 32 seconds
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TMBA551: Transitioning from Freelancer to Running a Business

If we had to pick one word as our greatest motivation, it’s ‘freedom’. Freedom to live life on our terms, where we want, with the people we choose. Ali Marsland is the director of ‘The Effective English Company’. Ali began chasing her own freedom at the age of 18, as she traveled around the world for a year before embarking on a successful career in corporate communications. The corporate world eventually made her feel trapped, and when the opportunity arose to become a freelancer, she decided to chase that freedom once more. Ali joins us on this week's podcast to describe how she ‘stair-stepped’ her way into entrepreneurship by first becoming an on-site freelancer to outsourcing work, and eventually growing her own successful agency.
6/25/202029 minutes, 31 seconds
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TMBA550: Revisiting Our 2020 Business Goals

At the beginning of the year, we recorded a podcast where we outlined some of our business goals and aspirations for 2020. We're now halfway through the year, and it's safe to say these past six months have been a period of disruption for entrepreneurs all over the world. Given the unexpected circumstances that we've all experienced, we thought it would be interesting to revisit those goals that we shared on this podcast back in January. In today's episode, we're looking back at how our business goals have played out thus far in 2020, how our plans have changed since we first recorded that podcast, and what we've learned from the last six months.
6/18/202035 minutes, 21 seconds
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TMBA549: 10 Tech Tools We Use In Our Business Every Day

In 2009, we published an episode of this podcast called 10 Great Software and Tech Services We Use to Run Our Business. Over 10 years later, we've been challenged by one of our listeners to revisit that list and to talk about the core software and services that we are using to run our company today. In this week's episode, we are sharing ten of the most important tools and services that we are using behind the scenes in our business. You'll hear the specifics of how we are using these tools, and why they have become an everyday part of our business in 2020. 
6/11/202037 minutes, 11 seconds
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TMBA548: The First 1,000 Days of Running an Agency

We've talked about the '1,000 Day Principle' at great length on this podcast. The idea is that it takes around three years of full-time effort for an entrepreneur to replace the income from their day job. But what does that principle look like in practice?  Johnathan Solorzano is the founder of Solo Media Group Inc., a remote agency of web developers that are primarily based in Latin America. Johnathan joins us this week to share the story of his first 1,000 days running an agency, how he has found clients and fostered relationships with them, and where he plans on focusing his energy for the next 1,000 days.
6/4/202048 minutes, 21 seconds
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TMBA547: How Coronavirus is Disrupting the Events Industry

Here at the TropicalMBA podcast we have been inspired and motivated by the stories of resilience and adaptation that you’ve been sending us. One such story that we received recently resonated strongly with us, in part because it was about an industry that we have been working in for years. William Griggs created Virtual Reality Rental just over four years ago. He built a ten-person team that brought VR experiences to conferences, parties, and other corporate events across the United States. Then COVID-19 struck and it all collapsed literally overnight, forcing him to reduce his staff by more than half. William joins us today to share his strategy for waiting out the current uncertainty in the events industry, and how he's challenging his remaining team to grow into the new roles that are necessary for these times.
5/28/202049 minutes, 46 seconds
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TMBA546: Adjusting to the 'New Normal'

What do you do when you lose over half your Annual Recurring Revenue and test positive for Coronavirus, all within 48 hours? Jim Huffman described this exact experience in a post on his personal blog titled "The Hardest Day of My Career". Jim is the CEO of GrowthHit and co-creator of FunnelTeardowns, and when we discovered his blog post we knew we had to talk to him. Jim joins us on today's podcast to share his insights on how to create a successful marketing agency that aligns with your lifestyle, the strategies he deployed to save his company after facing such a dramatic event, and his plans for the future in the 'new normal'.
5/21/202055 minutes, 59 seconds
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TMBA545: Is Dropshipping Still a Valid Business Model?

"Dropshipping" is one of the most used and abused terms in Digital Nomad circles. It refers to the practice of selling items without keeping inventory on hand, relying instead on a third-party manufacturer to ship the items directly to the customer. The term recently reached a much broader audience through a widely-shared piece in Wired magazine by Sirin Kale titled “‘It’s bullshit’: Inside the weird, get-rich-quick world of dropshipping”. On today's podcast, Dan and Ian weigh in with some of their own thoughts about the article, whether dropshipping can be used to create long-term success, and the pros and cons of the business model itself.
5/14/202042 minutes
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TMBA544: Should You Hire a General Manager?

In our book Before the Exit, we reflected on many 'thought experiments' that we wished we had run before we sold our business in 2015. One of those experiments was called 'The Mediocre CEO Test', which questioned whether it was smarter to hire someone to run your business than it was to sell it. Today's guest did just that. JP Ji is the founder of Pro Teeth Guard, an eCommerce business that manufactures custom dental mouth guards. When JP decided to shift his focus away from Pro Teeth Guard, he chose to hire a General Manager to take over the day-day-day operations of the business. In today's podcast, you'll hear why JP decided to hire a general manager, the challenges of finding the right candidate, and why that relationship ultimately didn't pan out. 
5/7/202043 minutes, 42 seconds
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TMBA543: Taking the Entrepreneurial Leap

One of the most widely read and recommended books about business management is Gino Wickman’s 'Traction'. When Gino’s team reached out to say that he had a new book coming out that was aimed at helping would-be and early-stage entrepreneurs, we jumped at the opportunity to invite Gino on to the podcast to talk about it. On today's podcast, Ian sits down with Gino to discuss the ideas raised in his new book, ‘Entrepreneurial Leap’. In this wide-ranging conversation, you'll hear Gino's thoughts on the value of going to college, whether you should be following the passion or the money, and why not everyone is cut out to be an entrepreneur.
4/30/202048 minutes, 44 seconds
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TMBA542: The Entrepreneurmobile Revisited

Whether you’re saving a runway for a new business, or you need to cut your expenses to the bone due to the current economic climate, we know a lot of people are being forced to make some difficult financial decisions right now.  On today's podcast, we are revisiting one of our most popular concepts, and something that we've discussed many times over the years as a sure-fire way for an entrepreneur to live a little more frugally. We're talking once again about the "Entrepreneurmobile", or how you can get a reliable car that is generally inexpensive to maintain and fix, and that can save you a lot of money.  In this episode, we take a comprehensive look at what makes a great Entrepreneurmobile, which cars you should avoid, 10 cars that are great deals under $10K, and some luxury vehicles that are extremely affordable as well. 
4/23/202054 minutes, 37 seconds
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TMBA541: An American Based in China Shares His Perspective on the Coronavirus Outbreak

One of the things we love about our online community of entrepreneurs, the Dynamite Circle, is that the members of that community are not only incredibly globalized but oftentimes deeply ingrained in the cultures and economics of the places they live. Brian Miller is the founder of Easy China Warehouse, a third-party logistics company that helps entrepreneurs who sell online consolidate products in China. Brian was in a rare position where he was able to see the Coronavirus unfolding as he lived and worked in Shenzhen, China. Brian joins us today to talk about his experience in China as the virus began to spread, the trajectory that China has been on since January, and what the future could possibly look like for the rest of the world.
4/16/202051 minutes, 13 seconds
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TMBA540: Are You Generating Income or Wealth?

In this week's episode, we've invited one of our favorite bloggers and thinkers to pull up a virtual chair and share some of the burning issues he’s been writing about. Nat Eliason is the founder and CEO of a marketing agency called Growth Machine, as well as the author of a fantastic blog at NatEliason.com. Nat is not only a successful agency owner, but he has some incredibly fascinating theories about entrepreneurship and scaling a multi-million dollar agency that we were just so excited to pick his brain about. Nat joins us this week for a wide-ranging discussion, where he opens up about his aversions to "struggle porn", the distinction between money and wealth, and the true nuts and bolts of running a successful agency.
4/9/202059 minutes, 44 seconds
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TMBA539: Weathering the Storm

One of the silver linings to the strange times that we've been living through in the past few weeks, is that we've been able to reach out to some of the brightest minds in our community and get a sense of how they have been responding to the crisis. Travis Jamison is no stranger to longtime listeners of this show. Travis is a bonafide SEO expert and the founder of Smash Digital. He has also successfully exited a business for 8 figures and is a very active investor as well. Travis recently shared something of an essay on Twitter that we felt captured a lot of our feelings about the current situation that we are all facing. We invited Travis on to the show today to explain those thoughts a bit further and to talk about how we might survive the economic downturn that so many of us are bracing for in the coming months.
4/2/202034 minutes, 1 second
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TMBA538: Remaining Antifragile in the Wake of the Coronavirus

As we've been practicing social distancing, the majority of our discussions about business and entrepreneurship keep coming back to the COVID-19 outbreak. In this week's podcast, we've invited one of the most prescient minds about this topic on to the show. Taylor Pearson is a long time friend of the show and has been sounding alarms about the coronavirus for much longer than most. Like us, Taylor is a huge fan of the writings of Nassim Taleb and joins us today to talk about why Taleb's writing has been so relevant in thinking about the ongoing crisis, the global economic impact of events like this, and what the future might hold for us in a post-outbreak world.
3/26/202050 minutes, 5 seconds
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TMBA537: How Will Coronavirus Affect Your Business?

The topic of today's podcast is unavoidable. We simply have to address one of the biggest stories of our lifetime, the global shutdown brought about by Coronavirus, or Covid-19. The impact that this pandemic has had on businesses around the globe, including our own, has been enormous. In today's podcast, Dan and Ian are talking about their decision to cancel DC Austin, which would have brought 150 entrepreneurs from around the globe to the city of Austin, Texas in just a few short weeks. You'll also hear our thoughts on the economic implications of the virus, as well as the challenges and opportunities that such a radical event presents for entrepreneurs everywhere.
3/19/202040 minutes
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TMBA536: Are You Really "Unemployable"?

In today's episode, we are reaching into the TMBA mailbag yet again and responding to some interesting questions and comments we've received from our listeners. There is a word that gets tossed around in the entrepreneurial community, and it's actually something that is worn as a sort of badge of honor. We see it on t-shirts and social media, and it's usually represented by entrepreneurs who have rejected working for an employer at a job where they held no equity. But is it really a good thing to be "Unemployable?" You'll hear our thoughts about that on today's episode, as well as some insight for people who have become frustrated by meet-ups and networking events that aren't providing enough value.
3/12/202046 minutes, 39 seconds
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TMBA535: Bringing Your Remote Team Together

One of the biggest challenges of running a remote team is communication. After all, "watercooler conversations" rarely happen when your team is scattered across the globe. Joe Magnotti is the co-founder of Empire Flippers, a marketplace for buying and selling online businesses. Together with his partner Justin Cooke, they have built a team of over 70 people who are entirely location independent and are located all over the world. Joe joins us on today's podcast to talk about his experience managing a remote team, and how holding twice-annual team retreats has been paramount to the success of Empire Flippers.
3/5/202044 minutes, 46 seconds
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TMBA534: The Re-Readables: The Millionaire Fastlane

We've recently been revisiting some of our favorite business books on this podcast as part of a series we like to call "The Re-Readables". What makes this week's installment of that series so special is that we have been joined by the author of the book himself. M.J. DeMarco wrote The Millionaire Fastlane in 2010, and since then, the book has continued to grow in popularity. The basic premise of the book is that the most successful people have found ways to step off of the "slow lane" or the "sidewalk" to join the "fast lane", usually through entrepreneurial endeavors. M.J. joins us today to talk about the legacy of The Millionaire Fastlane, why it is still as relevant today as it was when it was released, his thoughts on the FIRE (Financial Independence, Retire Early) movement, and much more.
2/27/202052 minutes, 34 seconds
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TMBA533: From Cryptocurrency to Cowboy Boots

Will Roman is a veteran entrepreneur who has worked in a number of different fields including eCommerce, physical products, software, and even cryptocurrency. At the end of last year, Will made the decision to leave his crypto exchange business to start Chisos, a product company that manufactures and sells designer cowboy boots. Will joins us on the podcast this week to talk about his stressful exit from that company, why he decided to start Chisos, what he has learned from his first year of manufacturing boots, and a whole lot more. 
2/20/202042 minutes, 25 seconds
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TMBA532: The Middle Game

We often talk about the "1,000 Day Principle" or the idea that it will take about 1,000 days to get a new business off the ground before it replaces the income from your 9-to-5. But what happens after those 1,000 Days? Chris Cage's 1,000 Day Journey has been well-documented on previous episodes of this podcast. Chris is the founder of Greenbelly, a company that manufactures high-quality meal bars for hikers. Greenbelly is now over 5 years old, and Chris is facing a whole new set of challenges. Chris joins us this week to talk about how he has handled the "Middle Game" of entrepreneurship. You'll hear about his first full-time hire, how he has created a repeatable process for getting clients, why he is taking time away from the business, and much more.
2/13/202040 minutes, 44 seconds
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TMBA531: A Lot Can Change In a Year

One of our favorite things to do on this podcast is follow up on some of the entrepreneurial stories that we've covered in the past. This time last year, we recorded a podcast with Tommy Joiner. In that episode, Tommy spoke about the genesis of his productized content generation service ContentPros. Fast forward a year and Tommy has made some massive changes in his life. Not only has he sold ContentPros, but he also chose to part ways with his business partner. In today's episode, Tommy returns to explain why he decided to move on from ContentPros and to share some insights into the exit process as well.
2/6/202043 minutes, 18 seconds
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TMBA530: Don't Be a Victim of Your Own Success

Entrepreneurship is something of a gamble, and perhaps very few people understand that better than today's guest. Mike Jackness is a widely respected figure among the eCommerce community and is the host of a brilliant podcast called ECommCrew. Mike has owned and exited several successful businesses, the most popular of which being ColorIt, which manufactured and sold coloring books aimed at adults. On today's podcast, Mike joins us to talk about the highs and lows of his entrepreneurial career. You'll hear how an obsession with poker turned into Mike's first major foray into entrepreneurship, how he founded and eventually sold ColorIt, and some of the biggest pitfalls that entrepreneurs face in the eCommerce space today.
1/30/20201 hour, 9 minutes, 9 seconds
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TMBA529: The Price of Progress

We here at the Tropical MBA are always fascinated with people who raise questions that challenge the social narratives that most people follow. It's no wonder then that Christoper Ryan caught our attention. Christopher is a New York Times bestselling author, the host of a brilliant podcast called Tangentially Speaking, and is perhaps best known for his 2010 book Sex at Dawn. Christopher recently published a new book called Civilized to Death, which argues that so-called "progress" has actually adversely affected the way we live. He joins us today to talk about his unconventional path to becoming a published author, and why civilization might not represent progress.
1/23/202050 minutes, 17 seconds
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TMBA528: The Brenwall Code

Last week, we spoke to Mark Brenwall about why he left his job in San Francisco to move to Asia and start WOD Nation, an Amazon FBA business that sells CrossFit products. Today's podcast is the conclusion of that interview and in it, we speak specifically about Mark's entrepreneurial "code". In this conversation, Mark shares some of his unorthodox business philosophies, as well as some specific insights into the Amazon FBA platform, and why he almost decided to sell his business last year.
1/16/202035 minutes, 30 seconds
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TMBA527: Letting Go of Your Ego

Mark Brenwall is the founder of WOD Nation, an Amazon FBA business that sells CrossFit products. A few years ago, Mark joined us for one of our favorite conversations we've had on this podcast in an episode called "The Power of Under Optimization". That episode was all about Mark's unconventional business approach, which prioritizes lifestyle and happiness over aggressive growth. Today's episode is the first in a two-part series where we revisit Mark's story. In this first part, we explore some of the personal and professional circumstances that led Mark to leave a seemingly great life in the United States for the unknown.
1/9/202032 minutes, 6 seconds
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TMBA526: Our Business Goals for the New Year

A year ago, we kicked off 2019 with a somewhat self-indulgent podcast full of updates on our ongoing projects as well as some of our business goals for the year. As the decade draws to a close, we’re taking stock of the year and asking ourselves “did we meet those expectations”? In today's episode, we are revisiting what we accomplished (and failed to accomplish) in 2019, as well as showcasing some of our business highlights from the year. Stick around to the end of the episode to hear five specific plans and goals that we have in store for our projects in 2020.
1/2/20201 hour, 3 minutes, 28 seconds
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TMBA525: 5 Things We Learned On The Podcast in 2019

As we prepare to celebrate the holiday season, we thought it would be fun to revisit some of our most memorable moments from the podcast in 2019. In this week's episode, you'll hear highlights from some of our favorite interviews, as well as our thoughts on five specific entrepreneurial themes that continue to resonate with us as the year comes to a close. Make sure to stick around until the end to hear some outtakes from recording the podcast in 2019.
12/26/201938 minutes, 26 seconds
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TMBA524: Who Do You Think You Are?

Some entrepreneurs have a secret. Adopting a pseudonym, or a "pen name", is a common practice on the internet. Even one of the hosts of this show, Dan Andrews, has been using a pseudonym for many years. Some people do it because their name is difficult to pronounce, others are worried about being stalked, or because they want to improve their Google rankings. We've also spoken to people who regret having taken a "fake identity", and believe it has started to adversely affect their lives. In today's episode, you will hear from several entrepreneurs who have adopted pseudonyms as they share the reasons why they chose to do it, the pros and cons of taking on a pseudonym, and much more.
12/19/201931 minutes, 39 seconds
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TMBA523: A Love Letter to the Philippines

For the first time in a decade, Dan and Ian are recording a podcast from one of their favorite places in the world, the Philippines. The Philippines has been an integral part of their business for many years, and it continues to have a strong influence on the lives of so many entrepreneurs in the location-independent community. On today's podcast, they'll be discussing their history in the Philippines, what the country has meant to their business, and whether it still makes sense for entrepreneurs to build teams in the Philippines in 2019.
12/12/201949 minutes, 33 seconds
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TMBA522: The Digital Nomad Lie

We've seen a lot of conversations recently in the location independent lifestyle space about something we like to call "The Digital Nomad Lie". The general concept is that being location independent is not everything that it's cracked up to be, and that the idea that you can have it all while sipping coconuts on the beach is simply a myth. It's not surprising then that we've seen a rise in blogs and think pieces by digital nomads that are exhausted from travel and yearning to settle down. But why are people feeling this way? At the heart of it, there may be many misconceptions and mistakes that we can make in the way that we think about travel. We've invited our good friend and esteemed author Kyla Gardner on to the show this week to share some of her experiences living a location independent lifestyle, her biggest travel mistakes, and whether the promise of the digital nomad lifestyle is fact or fiction.
12/5/20191 hour, 48 seconds
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TMBA521: Is the RV Lifestyle Right For You?

So many people listening to this podcast are looking for the kind of freedom that allows them to travel the world. It's no wonder then that Recreational Vehicles or "RVs" have become increasingly popular in the entrepreneurial space in recent years. If you recall, last year we spoke to Ian's friend and mentor Corey Reueth on this podcast about his experiences buying and selling cars and recreational vehicles. In today's episode, Corey and Ian are having an in-depth discussion about the RV lifestyle. You'll hear about the different types of RVs on the market, the benefits and drawbacks to each of them, how much it costs to purchase an RV, and what RV living actually looks like.
11/28/201949 minutes, 47 seconds
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TMBA520: The Re-Readables: Purple Cow

Today's podcast is another installment of our ongoing series called "The Re-Readables", where we revisit some of our favorite business books to see if they stand the test of time. This week, we've invited author and online entrepreneur Kyla Gardner back on to the show to talk about the classic marketing book Purple Cow by Seth Godin. Kyla joins us this week to discuss which ideas from Purple Cow have aged the best, which ideas have aged the worst, and how we have utilized some of the "Purple Cow" strategies in our own entrepreneurial careers. 
11/21/201955 minutes, 5 seconds
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TMBA519: Chasing Growth: What Happens When Your Business Burns You Out?

We first spoke to Kevin Graham on this podcast two years ago in what ended up becoming a somewhat controversial episode about building generational wealth on Amazon. Since then, it has become a sort of annual tradition for Kevin to return to the show and update us about his entrepreneurial journey. Last year, he shared his thoughts on "The Helsinki Bus Theory" and his decision to start a web hosting business, which has since become SiteArrow. Since we last spoke, Kevin had adopted a bold strategy of rapid growth, acquiring 9 different businesses in less than a year. That plan ended up being more than he bargained for, though, and he found himself working long hours, getting into unhealthy habits, and ultimately feeling extremely burned out. Kevin joins us today to talk about the perils of chasing growth, the steps that he's taken to course-correct, and the three principles that he has adopted to avoid getting burned out in the future.
11/14/201932 minutes, 26 seconds
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TMBA518: 5 Insights About the Entrepreneurial Community in 2019

A few weeks ago, we hosted hundreds of listeners of this podcast in Bangkok for our eighth annual DC BKK event. Every year we learn more about the entrepreneurs that join us in Thailand. We get to have conversations with some extraordinary people, hear about their successes and their struggles, and get an inside look at the way that internet businesses are being run. On this week's episode, we are sharing five specific insights that we took away from our experience in Bangkok this year, and discussing what those insights mean about the entrepreneurial community at large in 2019.
11/7/201948 minutes, 19 seconds
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TMBA517: From High School Dropout to Seven Figure Exit

A few weeks ago, we shared a conversation about "Sweaty Startups", and how we can use internet business skills to compete and win in traditional, physical services industries. This topic really struck a chord, and we've received a ton of feedback from listeners who want to hear more about these kinds of opportunities. Enter Eric Gilbert Williams, an entrepreneur who grew his Canadian-based roofing company to 6 million dollars in annual revenue before he sold it last year. In his teenage years, Eric dropped out of high school and got arrested for selling drugs before eventually turning to entrepreneurship as a source of redemption. Eric joins us on today's podcast to share his remarkable story.
10/31/201949 minutes, 34 seconds
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TMBA516: Dan and Ian: The Full Backstory. Part 2

In last week's episode, we took a look at the early days of Dan and Ian's relationship and the circumstances that led to their business partnership. Today's podcast is the second part of that series, and it's all about the next chapter. In this episode, you'll hear how Dan and Ian bought their business partner out of their product company, the origins of this podcast, how they started their membership community The Dynamite Circle, and much more.
10/24/201954 minutes, 8 seconds
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TMBA515: Dan and Ian: The Full Backstory. Part 1

In the ten years that Dan and Ian have been recording this podcast, the number one thing that they hear from listeners is that they want to know more about their story. Today's episode is the first part of a two-part documentary series where Dan and Ian open up about their own personal history. In this episode, you will hear why they each decided to move to San Diego, California, the circumstances that led to their meeting, how they became friends, and ultimately how they decided to become business partners.
10/17/20191 hour, 2 minutes, 37 seconds
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TMBA514: Mailbag: The Complexity of Cashflow

One of Dan and Ian's favorite things to do is to reach into the mailbag to answer questions from listeners of this show and today they are doing just that. On this week's podcast, you'll hear answers to listener-submitted questions on a variety of topics including how to think about cash flow in your business, what makes a good entrepreneurmobile in 2019, and more. Stick around until the end of the episode for an in-depth update on Dynamite Deals.
10/10/201950 minutes, 41 seconds
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TMBA513: How To Get Rich Without Getting Lucky

A few weeks ago, Dan and Ian invited Nick Huber on to the show to talk about his storage business Storage Squad. During that conversation, Nick shared the story of how he built a successful "old school" business by applying his technical knowledge to a less competitive market. After we stopped recording, that conversation took an interesting turn when Nick started opening up to us about his philosophy for building labor-intensive businesses that he likes to call "Sweaty Startups". On today's podcast, we've invited Nick back to share some of those philosophies, with a focus on the types of business models that he is attracted to, as well as the ones that he isn't particularly fond of.
10/3/201950 minutes, 10 seconds
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TMBA512: What Happens When Your Product Gets Suspended By Amazon?

Dan and Ian opened up on this podcast recently about a cease and desist letter that they received. Today's guest heard that episode and was compelled to share his own story about a similar legal battle. Dylan Smith is the co-founder of Keg Smiths (https://www.kegsmiths.com/), a company that manufactures and sells mini beer kegs, and he has received his fair share of cease and desist letters in his entrepreneurial career. Dylan joins us this week to share a riveting story about how a cease and desist letter led to his products being removed from Amazon, the ramifications of that experience, and how he was able to ultimately win out and get his products back on Amazon. Make sure to stick around until the end of the podcast to hear this week's Dynamite Deal (https://dynamitedeals.co/), which includes a deep discount for legal services for entrepreneurs. 
9/26/201939 minutes, 56 seconds
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TMBA511: The 10 Year Career - Wealth in the Modern Age

Today's episode features an in-depth look into one particular entrepreneurial journey that Dan and Ian have been following for a decade. Longtime listeners will certainly be familiar with Travis Jamison. Travis has joined us on this show many times in the past, and you've likely heard ads for his newest company Smash Digital on the show in recent weeks. Travis has been on a pretty epic journey since we first met, not just living and working in many countries, but he has become a hugely successful entrepreneur as well. We invited Travis back on to the show this week to share his unbelievable story. You'll hear how he started a supplement company and scaled it almost entirely through SEO, how he transitioned to SEO services, how he then shifted into SEO for Amazon sellers with AMZ Tracker, and how he made some judicious exits from those companies, which has allowed him to take equity stakes in a dozen or more start-ups with the investment arm of his new company.
9/19/20191 hour, 24 minutes, 16 seconds
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TMBA510: Driven to Distraction

One of Dan and Ian's favorite things to talk about on this show is the role that technology plays in our lives. They are particularly curious about the ways that new technology and social media can affect our ability to be productive and successful entrepreneurs. Today's guest is a bonafide expert when it comes to technological addiction and how to fight it. Nir Eyal is an accomplished and thoughtful writer on the topic of behavioral design. Nir gained notoriety for writing the book Hooked: How to Build Habit-Forming Products and he is also the author of an excellent blog at NirAndFar.com. We have invited him on to the podcast today to talk about his new book Indistractable: How to Control Your Attention and Choose Your Life. Indistractable is all about making sure technology takes an appropriate place in your life, and how we can find more space in our own lives to be present and productive. Stick around to the end of the show to hear a brand new feature on this podcast, which includes a very exclusive offer for listeners of this show.
9/12/201959 minutes, 32 seconds
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TMBA509: The Difference Between Value and Money

A listener of this podcast recently reached out to Dan and Ian to let them know what he was up to. They were so inspired by his story of "old-school" entrepreneurship that they knew they needed to invite him on to the show to share it. Nick Huber is one of the founders of Storage Squad, a storage company that he started with his business partner Dan in 2011 and has grown to nearly 3 million dollars in sales. Recently, they have begun diversifying into self-storage as well. Nick joins us this week to share the story of Storage Squad, how he and Dan got it off the ground while they were still in college, how they have expanded it to other colleges throughout the United States, and the advantages of running a location-dependent business remotely.
9/5/201943 minutes, 36 seconds
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TMBA508: The 4,000 Day Rule

Dan and Ian are well aware that the entrepreneurial journey isn't made up entirely of success stories. Many entrepreneurs listening to this podcast are struggling right now. They might be on the fence about becoming an entrepreneur or reconsidering their decision to become one in the first place. We've talked many times on this podcast about the "1,000 Day Rule"; this idea that it takes roughly 1,000 days of serious hard work to replace the money that you make from your job. Anders Ronnau recently posted in our private community The Dynamite Circle about his own twist on this idea, which he calls "The 4,000 Day Rule". He proposes that after 4,000 days, or roughly ten years, if you haven't had meaningful success building a business for yourself, then you probably need to get a job. We've invited Anders on to the show this week to talk about that rule and to share his own story about how running a business isolated him, and why he ultimately decided he needed to stop being an entrepreneur.
8/29/201943 minutes, 3 seconds
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TMBA507: 50,000 Dollars a Month From One Blog Post?!

Today's episode is all about something that Dan and Ian still find magical about entrepreneurship. That is, if you find the right thing to write about, the internet will still allow you to make a great living off of it. This week's guest was able to do exactly that with essentially one blog post. Ryan Robinson is the host of a podcast called The Side Hustle Project and he runs a fantastic blog over at RyRob.com. He recently wrote a piece on his that blog about how to start a blog and make money from it, and that post went on to become the most successful piece of content he has created. On today's show, Ryan joins us to share some great insights about that post, as well as some strategies for creating content that makes money, and some actionable tips for getting started today.
8/22/201956 minutes, 10 seconds
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TMBA506: The Power of In Person

Dan and Ian recently came across a question in their private forum, The Dynamite Circle. "How important has your network been to your success?" The power of having the right connections is absolutely fundamental to growing a business, especially a location independent one. On today's episode, we are sharing some of our own personal approaches to networking. These are useful whether you're going to a conference, picking up a phone, or talking to people in your industry. We're also going to discuss some specific networking archetypes we've seen, and how you might develop your own personal strategy for networking.
8/15/201947 minutes, 12 seconds
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TMBA505: How to Choose Your Own Product

A few weeks ago on this podcast, Dan and Ian were talking about some of their biggest pet peeves. In that episode, Ian lamented that the quality of flip flops available for purchase had drastically declined. What happened next should come as no surprise. A few listeners of this show reached out to us to let us know that they had started their own product business manufacturing flip flops. Jeremy Stewart is the co-founder of Hari Mari, which he started with his wife Leila. Hari Mari manufactures and sells premium flip flops across the globe. On today's episode, Jeremy joins us to talk about how their company was founded, how his experience as a political consultant helped Hari Mari grow, and how they were able to go from ground zero to having their products sold in big box retail stores.
8/8/201951 minutes, 10 seconds
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TMBA504: Mailbag: From the Hamster Wheel to the Flywheel

Dan and Ian love hearing from listeners of this show. So many times, people reach out to us with thoughtful questions, and one of our favorite things to do is to answer them on this podcast. On today's episode, we are reaching into the mailbag to answer a variety of questions that you submitted to us via email or voicemail. We'll be discussing a broad range of topics including how long it really takes to get your business off the ground, leveraging locations at the various stages of your entrepreneurial journey, the dilemmas of sustainability, and a whole lot more.
8/1/201944 minutes, 7 seconds
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TMBA503: What's Your 'Founder Fit'?

Dan and Ian have seen it time and time again where entrepreneurs can sort of hit a brick wall with their business. But what if the problem doesn't lie with you, but with the type of business you're running? Sometimes people can possess all of the right skills to be successful, but they haven't put themselves in the right situation to succeed. Today's episode is all about "Founder Fit", or the idea that the business you are working on should be the right kind of project that suits your skillset. We'll be discussing four different founder archetypes that we've seen, what their secret weapons are, and which sorts of businesses we believe are best suited for each of these entrepreneurs. We'll also be sharing some of our favorite resources for each type of entrepreneur.
7/25/201930 minutes, 40 seconds
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TMBA502: What We've Learned About Our Listeners

A few months ago, Dan and Ian asked the listeners of this show to respond to a survey about The Tropical MBA Podcast. We wanted to gain a richer understanding of the types of people who are listening to this podcast, so we can continue to create content that is relevant to their interests. We were surprised and delighted not only by the number of people that filled it out but by the types of responses that we received as well. We read every single response that we received from the survey and on today's podcast, we are going to be sharing our thoughts about those survey responses. We'll be discussing your insights, your criticisms, your positive feedback and the data that we learned about the listeners of this show. Stick around to the end to hear a little bit more about how we plan to implement what we learned from that survey in the future of this podcast.
7/18/201944 minutes, 53 seconds
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TMBA501: Cease and Desist

Today's episode is unlike anything else Dan and Ian have ever recorded on this podcast. It all started with a cease and desist letter that we received via email at the beginning of the year. That letter was from an in-house counsel at a very large company and it alleged that The Tropical MBA Podcast was potentially infringing on their intellectual property. We decided to reach out to our friend Eric Misterovich from Revision Legal. Revision Legal is a law firm that specializes in working with businesses that make money online. Eric joins us on today's podcast to talk a little bit about intellectual property law, as well as the cease and desist letter that we received. Make sure to stay tuned until the end of this episode to hear more about the ongoing nature of this situation.
7/11/201947 minutes, 3 seconds
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TMBA500: An Entrepreneur's Trip to 'Room 101'

Dan and Ian are excited because they get to spend today's podcast doing one of their favorite things: complaining. This isn't just their everyday grinding of axes, though. On this week's episode, we are taking our own stab at a fun an unique concept popularized by the BBC in a classic television series called "Room 101". The term "Room 101" comes from George Orwell's 1984. In Orwell's fictional world, it was a sort of torture chamber that thought criminals are banished to. In this episode, Dan and Ian will each present three things that they want to complain about, and at the end of the episode, they are going to vote on which terrible things deserve to be banished to Room 101.
7/4/201940 minutes, 5 seconds
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TMBA499: 5 Approaches to Getting Rich

Hosting this podcast has allowed Dan and Ian to meet thousands of entrepreneurs over the last several years. Many of those entrepreneurs have gone on to become very wealthy people, and throughout our conversations with those people, we have found some common threads to the ways that wealthy people behave. One constant we've discovered is that you have to have a strategy for becoming wealthy and that there are several common strategies that people use to varying degrees of success. On today's show, we are going to be talking about five of the most common strategies to get rich that we have seen, which of those strategies resonate with us, and a whole lot more.
6/27/201940 minutes, 51 seconds
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TMBA498: When Does an Artist Become an Entrepreneur?

Dan and Ian love stories where creative people find success through entrepreneurship. Truthfully, it's not something we have had a chance to talk about much on this podcast, but art and entrepreneurship don't have to be mutually exclusive. In fact, the skillsets can actually be complementary. Today's guest has figured that out herself, as she went from working a 9-to-5 while living with her parents to traveling the world on her own terms. Cat Coquilette is an artist and illustrator who has made a career licensing her artwork and designs through companies like Target, Urban Outfitters, and Bed Bath & Beyond. On today's podcast, Cat joins us to share how she navigated the journey from her childhood bedroom to successful solopreneurship, without sacrificing her creative fulfillment along the way.
6/20/20191 hour, 1 minute, 32 seconds
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TMBA497: Success is Solving Other People's Problems

On this week's show, Dan and Ian are talking about getting real with yourself about what you need to do to succeed. Very few people are more qualified to talk about that than John Ainsworth. John is the CEO and founder of Data Driven Marketing, which builds, fixes, and optimizes automated sales funnels. Those sales funnels are the mechanisms that many online businesses use to communicate with customers and entice them to buy their products. As such, John has seen how a lot of businesses get it wrong, in particular, when it comes to knowing what their customer's problems are and figuring out how to solve them. On today's episode, we're talking about how to get in better touch with your customers, how to sell them what they want, and how to avoid getting distracted by shiny objects. As a bonus, John will also be nerding out about sales funnel information after the credits, so make sure to stick around for that.
6/13/20191 hour, 5 minutes, 23 seconds
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TMBA496: Should You Go Remote?

Dan and Ian have been spending much of their time thinking about remote work these days. Ever since they started their new business Dynamite Jobs, they have been seeking more information about the remote work ecosystem than ever before. One of the things that they've realized is that remote work isn't necessarily for everybody. Just like the traditional office setting, it can come with its own set of challenges. Since they haven't worked in an office in many years, they thought it would be fun to spend a day in the office together and see how it compared to their typical remote workday. On today's podcast, you'll hear some on-location recordings from that work day, as well as an in-depth discussion about five of the most pressing questions that businesses should be asking about remote work in 2019.
6/6/201943 minutes, 4 seconds
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TMBA495: Going All In on a Side Project

On today's podcast, Dan and Ian are following up with the subject of one of the most popular episodes in recent years. Tommy Griffith is the founder of ClickMinded, an online SEO training course that he started while he was working at Paypal. Tommy joined us two and a half years ago to talk about how he started that business as a Saturday Morning Side Hustle. When we last spoke with Tommy in 2017, he was about to quit one of the best jobs in the world as the head of SEO at AirBNB to travel the world and focus on Clickminded full-time. It didn't go quite as planned, as you'll find out on this week's episode. Tommy returns to the podcast today to talk about what went wrong, and why he decided almost eight years into growing his business that it was time to take on a co-founder.
5/30/201953 minutes, 58 seconds
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TMBA494: The Affiliate Marketing Adventure

Dan and Ian have heard many variations of the same question over the years: "I want to be an entrepreneur, but how do I get started?" Today's guest has some really practical insight into what it means to take the leap into starting your own business. Dom Wells started out, as many do, building affiliate marketing sites. He's gone on to establish several successful spin-off businesses from what was effectively a side hustle, all while he was still working a full-time job teaching English in Taipei. This week, Dom joins us to share tips for getting started on the long journey of entrepreneurship, how to build a skillset and a network, and the mistakes that he made along the way.
5/23/201949 minutes, 26 seconds
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TMBA493: What They Don't Tell You About Entrepreneurship

Today's show is sort of like eavesdropping on a conversation that Dan and Ian often have when the microphones are off. Namely, that there are some things that people just don't tell you about entrepreneurship. Maybe it's because people in the entrepreneurial world don't like to come across as naysayers or know-it-alls, but the reality of what it's like to be an entrepreneur can often be hard to come by. Whether it's the fact that entrepreneurs undersell the amount of planning and work that goes into running a business or flat out ignore some of the cold realities of the entrepreneurial struggle, there are a lot of truths floating below the surface that would-be entrepreneurs aren't always aware of. On this week's episode, we're talking about those truths. Today's podcast is all about the stuff that people don't tell you about being an entrepreneur.
5/16/201932 minutes, 45 seconds
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TMBA492: The Re-Readables: Rich Dad Poor Dad

Recently, Dan and Ian have been revisiting some of their favorite books on this podcast in a recurring series that we like to call "The Re-Readables." This week, we are digging into a classic entrepreneurial book that was suggested to us by our friend, author, and frequent guest on this podcast, Kyla Gardner of KylaGardner.com. That book is Robert Kiyosaki's Rich Dad Poor Dad. In that book, Kiyosaki basically suggests that if you want to be rich and successful, you've got to ditch the middle-class mindset. Kyla joins us this week to discuss some of the controversial opinions in this book, which ideas in that book have aged the best and which have aged the worst, and much, much more.
5/9/201946 minutes, 44 seconds
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TMBA491: Breaking Up is Still Hard to Do

Dan and Ian have shared a lot of business success stories on this podcast over the years. We love sharing those stories on this show, but sometimes the tough experiences that entrepreneurs have endured are the ones that we learn from the most. Freddy Lansky is the co-founder of iChess, which sells chess videos, courses and DVDs online. Recently, Freddy decided to leave that business, choosing to dissolve an eight-year business partnership with one of his closest friends. On today's episode, Freddy joins us to speak about the origins of iChess, what it felt like to be trapped in a business that was no longer fulfilling to him, and how he and his partner navigated their breakup.
5/2/201938 minutes, 2 seconds
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TMBA490: The Six-Figure Slump

A few weeks ago, Dan and Ian hosted their annual Dynamite Circle event in Austin, Texas. They met many listeners of this show who traveled from all around the world to attend that event. Those entrepreneurs shared some incredible stories, insights, advice, and feedback with us, and we can't wait to talk about them. On today's podcast, we're discussing some of our biggest takeaways from DC Austin 2019, including one of the most common recurring themes that we've heard from entrepreneurs there that we like to refer to as "The Six-Figure Slump". Stick around after the credits to hear some bonus reflections from our friend Shayna Oliveira, who spoke about the event on her own podcast, Entrepreneurs in Motion.
4/25/201952 minutes, 5 seconds
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TMBA489: Should You Hold a Company Retreat?

Dan and Ian are fresh off of hosting their fourth Dynamite Circle event in Austin, Texas last week. This year, they decided to do something different, by bringing together their entire remote team from all around the world for a two-day team retreat in Austin following the event. For anyone with their own remote team who is considering something similar, this episode is for you. On this week's podcast, they are sharing their reflections from that experience. You'll hear what they learned from that team retreat, the pros and cons of hosting a retreat for your remote team, and much more. Stick around after the credits for a bonus glimpse into Ian's personal man cave and podcast recording studio.
4/18/201953 minutes, 53 seconds
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TMBA488: The Re-Readables: The War of Art

A few weeks ago, Dan and Ian introduced a new series on this podcast called "The Re-Readables". In that series, we are taking a look back at some of our favorite books with a fresh perspective. This week's book is all about the "Muse", creativity, productivity, and how to get your best work out into the world. The War of Art by Steven Pressfield was published in 2002. Since then, it has inspired countless entrepreneurs, artists, writers, and creatives around the world. On today's show, we are revisiting The War of Art, talking about why it was so influential, and asking whether or not the ideas in that book have withstood the test of time.
4/11/201939 minutes, 34 seconds
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TMBA487: “If It Makes Us Money We Shouldn't Be Doing It”

Dan and Ian speak with a lot of entrepreneurs on this show about the difficult decisions that they have to make. Today's guest is currently facing one of the biggest challenges in his business. You may remember Chris Cage from his previous appearances on this podcast. Chris is the founder of Greenbelly Meals, which manufactures high calorie, stoveless backpacking meals for athletes and hikers. Chris reached out to us about the recent troubles he's had hiring people. We thought it might be a good idea to record that conversation and share it with our listeners. This week's episode is all about hiring. You'll hear all about what goes into the decision to hire, the hiring process itself, and how to successfully interview and eventually hire the best people for your jobs.
4/4/201946 minutes, 52 seconds
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TMBA486: The Re-Readables: Getting Things Done

One of our favorite podcasts to listen to lately is The Re-Watchables, a series presented by The Ringer, where the hosts look back on legendary films. They discuss why these movies had such an impact, what parts have aged the best and worst, and other categories which they use to assess what has made these films stand the test of time. We thought it would be fun to talk about some of our favorite books in a similar light. This week, we are looking back at the single most important book we read in our business. Getting Things Done by David Allen represented a paradigm shift in the early 2000s, and it was the first book that was truly written for information and knowledge workers. On today's podcast, we are revisiting Getting Things Done, talking about why that book was so influential, and whether the ideas in that book are still as relevant as they were at the time it was released.
3/28/201946 minutes, 12 seconds
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TMBA485: Mastering the Art of Entrepreneurial Kung Fu

Dan and Ian have talked a lot about business strategy on this show, but there are some business techniques that are so powerful, you have to learn them from a true master. Jason Cohen, the founder of WP Engine, recently wrote a piece on his blog ASmartBear.com titled Kung Fu. In that blog, Jason proposes that all entrepreneurs are essentially fighters. We are fighting to make a living, fighting to survive, and fighting to change marketplaces. Any good fighter needs to have a plan, and in that blog post, Jason shared his own "secret moves" for running a business. On today's episode, we are talking about some of Jason's secret business moves, and sharing a few of our own as well.
3/21/201938 minutes, 24 seconds
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TMBA484: 5 Things We’ve Learned From Running a New Business for 6 Months

A lot of our listeners have been reaching out to us lately to ask about Dan and Ian's newest business venture, Dynamite Jobs. They have been running the business for the past six months, and it is still very much in the early stages. As the business has grown and changed over that time, they've learned a lot of things that they didn't expect. On today's podcast, we're sharing five things that we have learned in the last six months of running a new productized services business. Later on in the episode, we'll be discussing some specific numbers, goals, and takeaways from the first six months of Dynamite Jobs. You'll also hear three reasons why we think the remote hiring process isn't working for a lot of entrepreneurs.
3/14/201948 minutes, 6 seconds
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TMBA483: Search Engine Optimization in 2019 (Plus, The Dark Side of SEO)

Longtime listeners of this show know that Dan and Ian spent the early part of their entrepreneurial career building product businesses online. What you might not know is that Search Engine Optimization, commonly referred to as SEO, was one of the first skillsets that they learned when building those businesses. A lot has changed in the last decade when it comes to SEO, and this week's guest seems to be at the forefront of that progress. Tim Soulo is the Chief Marketing Officer and Product Adviser for Ahrefs. Ahrefs is a Software-as-a-Service company that provides a suite of incredibly useful SEO research tools. Their website is also host to one of the best SEO blogs on the internet. On this week's episode, Tim shares some keen insight on the evolution of SEO and how you can make SEO work for your business. We'll also be exploring some of the darker sides of SEO and content marketing.
3/7/201954 minutes, 13 seconds
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TMBA482: “I Got There and I Thought It Sucked” - From Digital Dreams to Deals

Dan and Ian have shared many stories on this podcast of people who have escaped from the cubicle in search of location-independence. This week's episode is a little different, as today's guest left his 9-to-5 job in pursuit of entrepreneurial freedom, only to find that it wasn't what it was cracked up to be. Coran Woodmass left his job in Australia and moved to Chiang Mai, Thailand. He started building, buying and selling small web properties, but ultimately realized that it didn't make him happy. These days, Coran has moved into a field he is incredibly passionate about, advising and brokering quality deals for Amazon FBA owners through his new business, TheFBABroker.com. This conversation is about buying and selling Amazon businesses, but it's about a lot more than that too, specifically, what makes you feel satisfied and fulfilled.
2/28/201930 minutes, 3 seconds
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TMBA481: Our Favorite Books of the Past 12 Months

On this week's episode, we are continuing one of Dan and Ian's favorite traditions on the podcast. Today we are talking about books, and in particular our favorite books that we have read in the past year. Last year, we invited our good friend and talented author Kyla Gardner to the show to talk about books with us. We had so much fun with that episode that we asked her to return this week. On today's podcast, Dan and Kyla are sharing their five favorite reads of 2019. This conversation also details how some of our reading habits have changed since last year, why Kyla has started writing fiction, and much more.
2/21/201937 minutes, 8 seconds
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TMBA480: Thoughts on Funding Options for Bootstrappers with Rob Walling

A few weeks ago, Dan and Ian had a conversation on this podcast where they shared some of their feelings about venture capital. This is an important topic to a lot of entrepreneurs, and it's one that we plan to cover a lot more throughout 2019. Some of the opinions we shared in that episode were rather controversial. Several of our listeners actually called us out on being a little bit vague about our thoughts, and we thought it was a good chance to revisit the topic. One of the people that reached out to us about that episode was Rob Walling. Rob is someone who should be very familiar to the listeners of this show. He hosts one of our favorite podcasts, Startups for the Rest of Us, organizes his own annual conference called MicroConf, and has previously owned and sold several startups, including a Software-as-a-Service company called Drip. Rob has also recently started his own startup accelerator fund called TinySeed, which is specifically designed to help bootstrappers grow their businesses. On today's show, Rob has joined us to share his thoughts about venture capital, bootstrapping, and what he hopes to accomplish with TinySeed.
2/14/201955 minutes, 44 seconds
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TMBA479: Quitting Social Media - “The ‘Walled Garden’ Experiment Is a Big Failure”

On today's episode, Dan and Ian are delighted to welcome one of their favorite authors back to the show. Cal Newport is a Computer Science professor, who has spent his career writing about the intersection of technology and culture in the contemporary digital age. Cal joins us this week to talk about his new book, Digital Minimalism, which is all about the dangers and distractions of social media. This interview covers a broad range of topics, including the psychology behind the "Walled Gardens" of social media, why Cal invited 1,600 people to go on a month-long "Digital Declutter", how we can develop a philosophy to improve the way that we interact with technology in our lives, and much, much more.
2/7/201953 minutes, 35 seconds
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TMBA478: The Downsides of Success

"Success" isn't always what it's cracked up to be. Dan and Ian know this feeling all too well, as they have dealt with some of their own internal struggles after selling their product business. On today's episode, we are talking about five specific downsides to success. These aren't necessarily strategic elements, as much as they are about the mindset of success. You'll hear about some of the common traps that successful entrepreneurs often find themselves in, and how success itself can actually become a competitive disadvantage.
1/31/201930 minutes, 27 seconds
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TMBA477: China From the Inside

One of Dan and Ian's goals heading into 2019 was to feature more stories about China on the podcast this year. China is the primary location where many of the products that entrepreneurs sell are traditionally manufactured, and it has become a fulcrum for a lot of the stuff that online product-based businesses do. On today's show, we are excited to bring you some insights from someone who has been living and working on the ground in China for the better part of a decade. Brian Miller lives in Shenzhen, China, where he operates a third-party logistics company called EasyChinaWarehouse.com. He also runs a mid-six-figure Amazon FBA business, as well as a small China sourcing agency, so he is pretty diversified in the sourcing and fulfillment model that we have discussed so often on this podcast. What makes Brian's story unusual is that he actually started his working life within a Chinese state-owned enterprise or SOE, which is something that very few westerners have done. This isn't just a conversation about manufacturing in China, though. Brian also shares his experience living in the country, what it's like to interact with the Chinese people, and much, much more.
1/24/201959 minutes, 1 second
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TMBA476: “An Adventure Worth Going On”

http://www.tropicalmba.com/plansfor2019/ Dan and Ian have decided to be a little bit self-indulgent with this week's podcast. On today's show, they are talking about their goals for 2019. In particular, they wanted to talk about what they have planned for their newest venture, Dynamite Jobs. On this episode, they will be sharing the single goal that they are working towards for Dynamite Jobs this year. You'll also hear what went into the decision to choose that goal, as well as some of our biggest business takeaways heading into the new year.
1/17/201938 minutes, 10 seconds
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TMBA475: The Messy Marketplace

http://www.tropicalmba.com/brentbeshore2/ One of the things that Dan and Ian love about creating this podcast is that they not only get to talk to some pretty interesting people, but they also get to follow their stories as they build and scale their businesses. About two years ago, we spoke with Brent Beshore, the Founder and CEO of Adventur.es. Since we last talked, Brent's team has more or less doubled. They've made a decision to raise capital, bought a headquarters in Columbia, Missouri and Brent has written a book about buying businesses called "The Messy Marketplace". On today's episode, we are revisiting Brent's story and hearing how Adventur.es has grown since we last spoke. We'll also hear how things have changed since they have raised over 50 million dollars in investment capital, and why he decided to share the story of his business in his new book. 
1/10/201953 minutes, 9 seconds
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TMBA474: “You’re Not Working With Clients Anymore, You’re Working With Customers”

http://www.tropicalmba.com/tommyjoiner/ Dan and Ian are back to kick off 2019, and looking forward to another 52 podcasts about how to grow better, more profitable lifestyle businesses. What better way to start the year than by addressing a topic that so many listeners are constantly reaching out to us about? On this week's episode, we are speaking with Tommy Joiner. Tommy is the co-founder of ContentPros, which is a productized business that offers high-level content generation services. Tommy joins us today to talk about how to create a successful productized business, rather than getting stuck in a freelancer, consultant, or agency model. This is something that we know a lot of entrepreneurs are struggling with, and Tommy shares some valuable insight into how he was able to make this transition, as well as his top 4 tips for starting a successful productized service.
1/3/201944 minutes, 21 seconds
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TMBA473: “Which Hill Do You Want to Die On?”

http://www.tropicalmba.com/reflections2018/ Last week, Dan and Ian shared some of their favorite moments from the interviews that they've conducted on this podcast in 2018. This week, we wanted to get a little more abstract. On today's podcast, we are looking back on some of our favorite conceptual ideas that we've covered in 2018. These are the business and lifestyle themes that have been echoing throughout the Tropical MBA airwaves this year. We'll be revisiting some of our most talked about episodes of the year, and you will hear our current thoughts on some of those topics including investment, remote work, and the long journey of entrepreneurship.
12/27/201837 minutes, 16 seconds
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TMBA472: Surprises and Delights of the Year

http://www.tropicalmba.com/surprisesanddelights/ As we approach the end of 2018, Dan and Ian have been reflecting on some of their favorite conversations of the year, many of which happened on this podcast. They both feel incredibly fortunate to be able to speak to so many people that they admire and respect on this show. This year has been a landmark one for us here at the Tropical MBA, and on today's episode, we are revisiting some of our favorite moments from our very favorite episodes of 2018. We aren't just revisiting the highlights, though. Stick around after the credits to hear our 2018 blooper reel.
12/20/201849 minutes, 47 seconds
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TMBA471: The Helsinki Bus Theory

http://www.tropicalmba.com/helsinkibustheory/ Dan and Ian have spent a lot of time in Chiang Mai. One of the traditions that Dan has every time he visits is to touch base with Kevin Graham. You may remember Kevin from a previous episode we released in early 2017. In that episode, Kevin joined us to talk about the first major business that he co-founded, which was a suite of Amazon Associates affiliate sites. These days, he has been focusing on a different project; a web hosting business called Bulk Buy Hosting. In particular, he has decided to take a different turn with that business and we invited him on the show to talk about it. Today you'll hear about Kevin's experience with Bulk Buy Hosting, and why he decided to move into a completely new direction with it. Kevin also shares why he believes a bus station in Helsinki is has a strong connection to a topic that we've talked about a lot on this show - The 1,000 Day Principle.
12/13/201846 minutes, 19 seconds
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TMBA470: The Elephant in the Room

http://www.tropicalmba.com/chinaredux/ Today's episode is about a place that has played a very special part in Dan and Ian's entrepreneurial journey. China has become one of the most important countries in the world for entrepreneurs. Chinese supply chains and manufacturing are the lifeblood of many online businesses around the world. Things have changed over the last several years in China, though, and arguably no one understands that better than today's guest. Matt Kowalak of China Ecom Boost not only works with manufacturers in China, but with major product companies and celebrities as well, helping them break in and market themselves into this enormous country. In this episode, we talk about culture, commerce, and Matt's trajectory, including why he has had a major re-evaluation about the kind of business he wants to be doing in the future, focused on the vast potential opportunities that he sees in China.
12/6/201844 minutes, 47 seconds
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TMBA469: It’s No Good Having Ideas if They Don’t Bring You Results

http://www.tropicalmba.com/keangraham/ Dan and Ian have said for years on this podcast that the most important thing your business should be doing is solving people's problems. Today's guest has taken that philosophy and ran with it. Kean Graham is the founder of Monetize More, a monetization agency that helps online brands optimize their ad revenue. Monetize More is 100 people strong, and it's safe to say that they lean into location independence. In fact, they consider it a key value in their company. On today's episode, we are going to explore the inside story of how Monetize More got started. You'll also hear the strategies Kean has used to grow that business, some of which could be considered pretty controversial.
11/29/201850 minutes, 14 seconds
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TMBA468: “Allowing Myself To Dream That Big”

http://www.tropicalmba.com/sambrowne/ Dan and Ian have encountered many entrepreneurs in their travels, from all walks of life. They first met today's guest back in April at our annual Dynamite Circle event in Austin, Texas. Sam Browne was the beneficiary of one of the scholarship tickets to that event. These scholarships have been donated by some of the more established entrepreneurs in the community as a sort of way to pay it forward. Sam is the founder of Find A Band, a New Zealand-based online booking agency for bands and musicians. He is also a talented musician himself, and you will hear some of his original music on today's show. Six months after attending our event, Sam wrote us to let us know that his experience at DC Austin had inspired him to dream bigger. His email was so exciting, that we just had to invite him on to this week's podcast to share his story.
11/22/201846 minutes, 32 seconds
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TMBA467: The Long, Winding Road to 60 Remote Employees…

http://www.tropicalmba.com/empireflippers/ Dan and Ian have been wanting to share the story of this week's episode for quite some time. Justin Cooke is one of the co-founders of Empire Flippers. Empire Flippers is an online marketplace where businesses are bought and sold.  Since their inception, they have grown their team to over 60 remote employees, and they have helped people buy and sell over $50 million worth of online businesses. It wasn't always like that, though. On today's podcast, Justin is joining us to share the story of Empire Flippers. On this podcast, you'll hear about Justin's background in the mortgage industry, how he joined forces with his business partner, how the market crash in 2008 left them with almost no money, and how they were eventually able to create one the largest marketplaces in the world for buying and selling online businesses.
11/15/201850 minutes, 45 seconds
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TMBA466: The Dos and Don’ts of Hiring Apprentices

http://www.tropicalmba.com/hiringapprentices/ It's no secret that Dan and Ian love hearing from the listeners of this show. This week, we received a question from Ben McAdam. Some of you might remember Ben from his earlier appearances on this podcast. Ben reached out to us to ask about our recent decision to hire a new apprentice. For those of you who are not aware, we brought someone new onto our team recently and we'd like to talk about it here today. On this week's episode, you'll hear all about why we decided to find a new apprentice, and what that process was like. We'll also be sharing a comprehensive list of "Dos and Don'ts" when it comes to hiring your own apprentice, as well as some quick tips on how you can find the apprenticeship of your dreams.
11/8/201833 minutes, 35 seconds
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TMBA465: 5 Internet Business Themes for 2019

http://www.tropicalmba.com/themesfor2019/ Dan and Ian are still resting up after hosting 350 entrepreneurs at their annual DC BKK event in Bangkok last week. While they were at that event, they had the opportunity to speak to so many entrepreneurs about their business struggles and successes throughout 2018. In light of those conversations, we've decided to address some of the common topics we've heard throughout that conference on today's episode. This week, we are discussing the five trends that internet businesses need to consider for the upcoming year. We'll be talking location freedom, hiring practices, conference strategies, and much, much more. 
11/1/201839 minutes, 30 seconds
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TMBA464: 5 Reasons Your Presentation Might Suck

http://www.tropicalmba.com/presentations/ We are fresh off the heels of DC BKK 2018, our annual conference that we host in Bangkok. It's safe to say that in the many years of running that conference, as well as attending other conferences around the globe, Dan and Ian have seen quite a few amazing presentations from speakers. Not every presentation can be a home run, though, and we have seen our fair share of bad ones too. This week, Dan is talking about the science behind a great presentation, and specifically the five reasons your presentation might suck. The ability to give a great presentation is an important skill set for entrepreneurs. Even if you aren't planning on giving a presentation any time soon, learning these principles can help make you a better communicator in your business.
10/25/201825 minutes, 16 seconds
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TMBA463: The Tao of the Hustle Redux

http://www.tropicalmba.com/hustleredux/ A few years ago, Dan and Ian published an episode of this podcast called The Tao of the Hustle. In the years since we still receive frequent questions and comments about our opinions on hustle and entrepreneurship that we shared in that episode. One of those questions recently came from a listener named Rob Sanchez. Rob loves creating products, but over the course of his career, he has failed to establish proper distribution channels as he's built those products. His insecurities about hustling have frequently led to less than stellar results when his products launch. On today's episode, we are addressing Rob's troubles, and revisiting The Tao of the Hustle. We'll be sharing six new elements to the Tao of the Hustle, as well as exploring the ways that our philosophies about hustle have evolved in 2018.
10/18/201836 minutes, 46 seconds
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TMBA462: A Conversation with Michael Lombardi

http://www.tropicalmba.com/michaellombardi/ Dan and Ian are always looking for new ways to gain insight into entrepreneurship, and sometimes that insight can come from some unexpected places. Michael Lombardi is an American Football executive and analyst. He also served as an assistant to the coaching staff of the New England Patriots, one of the most successful franchises in the history of the National Football League. While Dan was reading Michael's new book "Gridiron Genius", he realized it wasn't just a book about sports. In many ways, Dan found "Gridiron Genius" to be as much a business book as a football one. On today's episode, we are talking with Michael about the similarities between American Football and entrepreneurship, and some leadership strategies in sports that entrepreneurs everywhere can learn from.
10/11/201841 minutes, 35 seconds
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TMBA461: The 40% Rule

http://www.tropicalmba.com/40percentrule/ If you've been listening to this podcast for a while, you would know that one of the major motivations for Dan and Ian in life is creating the freedom to live life on your own terms. That freedom can mean a lot of different things to a lot of different people. On recent episodes, we have spoken about how entrepreneurship shares a lot in common with the FIRE (Financially Independent, Retire Early) community. One of the tenents of FIRE philosophy is The 4% Rule, which is the practice of saving and investing enough money that it will allow you to withdraw 4% of that income every year to live off of.  In order for that rule to work, though, you would need to save 1 million dollars to live on a modest income of $40,000 annually. That can be a tall order for people who are on a small salary. Enter Jase Rodley. Jase recently wrote a piece called The 40% Rule, which addresses this idea head-on. The 40% Rule is an investment strategy that allows people to concentrate on returns from modest investments, while still allowing themselves to "stay in the game". On today's episode, Jase discusses The 40% Rule, the business that he is currently building, and how his experience with that business has informed his investment strategies.
10/4/201842 minutes, 38 seconds
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TMBA460: Are We Being Honest About the True Cost of Bootstrapping a Business?

http://www.tropicalmba.com/costofbootstrapping/ Today we are examining a discussion that Dan and Ian have been having behind the scenes of this podcast for years. These conversations revolve around a question that everyone who is considering an entrepreneurial lifestyle needs to hear: What are the real costs of bootstrapping a business? The truth is that it is often much more expensive and complicated than writers and "thought leaders" let on. It can steal so much of our time, our opportunities for relationships, and sometimes our own well being. Justin Jackson knows this better than most. Justin is a well-known podcaster with a track record of shows like Product People, Build Your SaaS, and MegaMaker. He has also recently launched an integrated podcast service called Transistor.fm. Justin has been addressing some of these more "taboo" entrepreneurial concepts on his blog. A recent piece called The Bootstrapper's Paradox addresses some of the hidden costs of bootstrapping. On today's episode, Justin shares his thoughts on those hidden costs. He also challenges some of the narratives that legendary figures in the movement have built around themselves and opens up about his own struggles with mental health as an entrepreneur.
9/27/20181 hour, 4 minutes, 40 seconds
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TMBA459: The State of Bitcoin

http://www.tropicalmba.com/stateofbitcoin/ Dan and Ian have spoken about cryptocurrencies before, and they have certainly been a divisive topic among the listeners of this show. The fact is that cryptocurrencies aren't going away. If you're interested in your financial future and really want to understand the nature of these markets and how to manipulate them, this episode is for you. We've invited our friend Taylor Pearson back to the show this week to talk about a recent article he wrote called The State of Bitcoin. On today's podcast, Taylor shares his thoughts on how cryptocurrencies essentially differ from other forms of investment, how to distinguish hype from opportunity, and why the "Bitcoin backlash" is happening.
9/20/201840 minutes, 57 seconds
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TMBA458: Five Reasons You Won’t Be an Entrepreneur Next Year

http://www.tropicalmba.com/fivereasons/ Dan and Ian have been around the block a few times, and in that time they have seen many entrepreneurs come and go. What many don't understand is that the majority of entrepreneurial success stories don't happen overnight. Nearly every sustainable path to wealth and freedom is a journey that can take years, and often decades to achieve This week's episode is a list of the five common reasons that entrepreneurs will give up on their journey. If you identify with any of the reasons we mention on today's podcast, fear not. You can use the knowledge and information we share on this show to help you get over your obstacles and further sustain your journey as an entrepreneur.
9/13/201837 minutes, 49 seconds
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TMBA457: Why Does Everyone Talk About Revenue and Not Profit?

http://www.tropicalmba.com/tomsawyer/ A few weeks ago, Dan and Ian published an episode of this podcast about The Peter Principle, which is the idea that everyone will more or less rise to the level of their own incompetence. Today, we are talking about a different principle. This one comes from a great 19th century book, The Adventures of Tom Sawyer by Mark Twain. This episode begins with an excerpt from the book, where Tom is forced to paint a fence and convinces others to help him, eventually tricking them into painting the fence themselves. On today's show, we're sharing our thoughts on how entrepreneurs can use this same philosophy to lead a great team without working in their business day-to-day. We'll also be talking about the progress we've made with our new business venture - Dynamite Jobs, and why many entrepreneurs spend so much time focusing on top-line revenue rather than profits.
9/6/201835 minutes, 56 seconds
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TMBA456: An Episode For Those Who Need a Business Idea Redux

http://www.tropicalmba.com/businessideasredux/ One of Dan and Ian 's favorite topics to discuss on this show is business ideas. In particular, they love brainstorming new business ideas with the listeners of this podcast. Coming up with a great business idea doesn't come naturally for all of us, though we believe it really is a skill that you can learn and get better at. Today, we are talking about the science behind a great business idea. In particular, we are sharing five techniques that you can use to develop your own business idea. We'll also be revisiting some of the business ideas that we came up with on an earlier episode of this show from 2015.
8/30/201836 minutes, 9 seconds
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TMBA455: The Rise of Audiobooks and a Giveaway

http://www.tropicalmba.com/riseaudiobooks/ Every week, for over 450 episodes, Dan and Ian talk on this