TMBA 300: Thoughts on Building a Small Business Culture

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A lot of people have been saying that our recent episodes have been targeted towards beginners. This is because we’re fascinated with how people use a business model to go from scratch to building revenue. We thought it would be appropriate to do a 300 level course for our 300th episode. Today we’re going to talk about how to create a culture that allows you to manage a multi-million dollar business while you travel. Ian has managed to do this over the last year with just six hours of phone calls a week, and our business is still growing. We’re going to be talking about how to build the kind of culture that holds everyone together, and keeps everyone productive, while you are living your rock and roll lifestyle.

Listen to this week’s show and learn:

  • Four approaches to building a strong culture for your business.
  • Why you should be giving your team members the opportunity to be the hero for your business.
  • The benefits of having a physical office for your team to work in.
  • Why you should consider cutting your salary in half when you are just getting started with your team.
  • The importance of getting everybody on your team to talk to each other and not through you.
  • Why culture means more than just bean bags and barbecues.

People on this episode:

Mentioned in the episode:

Listening options:

Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

Published on 07.16.15
  • http://www.linkedin.com/in/sholaabidoye/ Shola Abidoye

    One simple question – why start from scratch? Not having to do so is the most disruptive idea being whispered in small business over the last 50 years. Like most revolutionary concepts however, it’s being whispered not shouted.

  • Adrijus Guscia

    Nice episode. This team building stuff can be scary.. Good to hear what’s possible!

    And tanks for 300 episodes and all the work put in! You guys have made big difference in many many people’s lives! Hoping for 300 more (suggested topic Episode 600 – How We Made Our First Billion!).

  • Ace Chapman

    Nice Shola! Episode 900 will be more like “Wow, remember back in the day when people actually took the risk of starting a business from scratch? What were people thinking?!?”

  • Thomas Soulhol

    Congrats for the 300th! Timely episode also: I am in the “Work work work… Control everything” phase which can definitely be draining sometimes, the 6hours work week seems far away…Great to hear how you managed to make the business work for you in the end.

  • http://davidhehenberger.com/ davidhme

    Congrats on EP #300, time flies =)

    Thanks for the shout! It kinda sucks to pay your staff more than you pay yourself, but I believe it’ll pay off in the long-run.

  • http://salesability.co Damian Thompson

    GREAT work fellas. #LongevityFTW

    Love Ian’s “Let your employees be the Hero.” thinking.

  • Ruchi

    Congrats on episode 300! I can definitely see why you’re looking to go into new markets as from previous episodes you’ve mentioned you feel like you’ve saturated the markets you’re currently in, curious to hear more about your niche research/opportunity finding process…

  • Alasdair Plambeck

    Congrats guys! Can’t believe it’s #300….sheesh.

  • Kirk Vandersall

    In my opinion, this was the best episode yet for building for the long term. Actionable, insightful and honest. More from the Boss Man, please! Mentioned in this episode: open business practices/books – this would make a useful couple of podcasts as well.

  • http://www.annawickham.com/ Anna Wickham

    Great episode, and congratulations on #300!

    “‘Business culture’ doesn’t mean foosball tables.” love it :)

  • http://www.tropicalmba.com/ Dan Andrews

    thanks Anna :) I just want to be on the record as loving foosball !

  • http://www.tropicalmba.com/ Dan Andrews

    thanks Kirk, I think we can arrange for more bossman!

  • http://www.tropicalmba.com/ Dan Andrews

    i know it man.

  • http://www.tropicalmba.com/ Dan Andrews

    me too! looking forward to what’s next for sure

  • http://www.tropicalmba.com/ Dan Andrews

    thanks DT

  • http://www.tropicalmba.com/ Dan Andrews

    keep crackin’ David it’s fun to be watching your progress!

  • http://www.tropicalmba.com/ Dan Andrews

    thanks Thomas!

  • http://www.tropicalmba.com/ Dan Andrews

    haha you think it’s risky!?

  • http://www.tropicalmba.com/ Dan Andrews

    appreciate it Adrijus, wouldn’t mind pulling together that one!

  • http://www.tropicalmba.com/ Dan Andrews

    not sure what you mean?

  • Adrijus Guscia

    Totally possible!!

  • http://www.annawickham.com/ Anna Wickham

    You would, Dan. ;)

  • Ruchi

    Any insight in how you go about finding new opportunities?

  • Peter Pan

    hello. so happy to know you. where are you in vietnam ?

  • http://www.marketfit.net Gregory V. Diehl

    I hired Shola Abidoye, founder of Converport last April to help me create, publish, and market a bestselling book for $5,000. Unfortunately, after delaying everything six months past the due date, she decided to cut off all contact with me without delivering what I paid for.

    Because she has ignored all my attempts at peaceful resolution, I don’t see what other choice I have but to start warning others about her fraudulent behavior before I gather to evidence necessary to take her to court and try to get my money back.

    You can read the full details of my experience getting ripped off and scammed by Convertport here: http://www.borderlessblog.com/shola-abidoye-scam-inspired-me-write-self-publish-first-book/

    I have yet to receive even a partial refund for what I paid, and Ms. Abidoye publicly denies that I hired her to do these things. She has taken a very insulting and condescending tone to me or anyone who questions her about this incident.

    I know these are strong accusations I am making, and I am prepared to support them with emails and recorded calls if necessary. Please let me know if you have any questions or any suggestions for getting Shola to reach out to me so we can resolve this dispute.

    Gregory Diehl

    livefreeretiree@gmail.com

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