TMBA538: Remaining Antifragile in the Wake of the Coronavirus

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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 TMBA 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.

Transcript

 

Listen to this week’s show and learn:

  • Why Taylor is fascinated by “Black Swan” events. (5:49)
  • How this event differs from other economic events in history. (17:52)
  • The real economic impact on the ground from this pandemic. (23:41)
  • Why it’s important for entrepreneurs to make fast and decisive adjustments. (33:22)
  • How Taylor is applying his knowledge of black swan events to his newest venture. (39:01)

 

Mentioned in the episode:

 

This Week’s Sponsor:

This week’s podcast is sponsored by Bean Ninjas.

If you’re anxious about your business finances, today’s sponsor has an offer for you.

Bean Ninjas is an online bookkeeping and financial education company that has been helping entrepreneurs achieve freedom through stress-free finances for almost five years.

They were recently named Xero bookkeeping partner of the year in 2019, and they are offering to train you on how to effectively use Xero to manage your finances with their “How to Do Your Bookkeeping in Xero” online course.

As a special offer to Tropical MBA listeners, you can get 25% off this 5-week course. Head over to BeanNinjas.com/TMBA for more details.

 

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In 2015, Dan Andrews and Ian Schoen sold their business for multi-seven figures, and although they don’t regret selling – there are many mistakes they made that were avoidable.

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Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST. Cheers, Dan & Ian