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.
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’.
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.
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.
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".
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?’
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.
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.
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.
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.
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 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.
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?
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.
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".
"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.
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.
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, 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.
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 from the onset of the outbreak 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.
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.
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.
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.
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 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.
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.
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.
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.
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?
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.