TMBA 490: The Six-Figure Slump

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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.

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 attending, a phenomenon that we’re calling “The Six-Figure Slump”.

And stick around after the credits to hear some bonus reflections from our friend Shayna Oliveira, who spoke about her takeaways from DC Austin on her own podcast, Entrepreneurs in Motion.

Transcript

Listen to this week’s show and learn:

  • Why people get stuck in the “Six-Figure Slump”. (6:12)
  • How you can grow your business by hiring highly motivated young people. (12:40)
  • The kinds of conversations that can only happen in the context of a like-minded community. (22:40)
  • Why it’s important to know the difference between value and money. (26:12)
  • Some insights about our event from Shayna Oliveira. (36:40)

Mentioned in the episode:

This week’s sponsor:

This week’s episode is sponsored by Carl Friedrik. We know when you’re out and about and traveling, you need a bag which looks great but is also highly functional – one that can take you a plane, to a business meeting, to the gym and drinks after. Carl Friedrik has a great range of stunning leather bags designed specifically for this. They have backpacks, weekend bags, and classic briefcases and handbags, all with a contemporary sleek design that is Carl Friedrik’s trademark. They are ideal for carrying essentials like a 15-inch laptop, notebooks, documents, clothes and much more. Have a look at their website and use code TMBA10 for a 10% discount on your first purchase.

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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

Published on 04.25.19

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