TMBA504: Mailbag: From the Hamster Wheel to the Flywheel

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Dan and Ian love hearing from the 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 share and answer them on this podcast.

On today’s episode, we are reaching into the mailbag containing 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 and how many hours a day you might need to put in, leveraging different locations at the various stages of your entrepreneurial journey, the dilemmas of sustainability, and a whole lot more.

Transcript

Listen to this week’s show and learn:

  • How realistic it is to build a business with sustainability in mind. (4:31)
  • Ways to leverage locations and currency as your business grows. (10:30)
  • Whether it’s worth it to move on from consulting work to a “higher” level of business. (18:29)
  • The difficulties of building a business while you talk about it in a public place. (30:04)
  • How remote work can truly “level the playing field”. (37:53)

Mentioned in the episode:

This week’s sponsor:

This week’s episode is sponsored by Dynamite JobsIf you’re looking for a way to get a leg up on your competition, there might not be a better way to do that than to grow a great team. Now you can do that with not only part-time and full-time jobs at Dynamite Jobs, but we can help you find talented freelancers to do gigs for you. We’ve built a database of over 5,000 resumes that are targeted at people who understand the sorts of business you’re running. Our role is to point the most relevant candidates for your job. Our team is so confident that you’ll love hiring with us, that you can get started with your job or gig post for free. Check it out over at DynamiteJobs.co. 

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In the entrepreneurial world, it’s rarely questioned that “exiting” is the end goal of a smartly built business and a prestigious waypoint in a successful career.

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.

The book presents thought experiments designed to help you avoid similar mistakes.

Whether you are in the early stages of building a business or thinking of selling, this book is designed to help you build with the future in mind.

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