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Tropical MBA: Entrepreneurship & Founder Lifestyle

Tropical MBA: Entrepreneurship & Founder Lifestyle

868 episodes — Page 6 of 18

TMBA616: The True Cost of Burnout, Anxiety, and Entrepreneurial Depression

Today's episode is all about mental health, depression, anxiety, and the effect that these things can have on the way that we run our businesses. Benny Lewis is the founder of Fluent in 3 months, and he recently opened up about his own struggles at our unofficial DCx event in London a few weeks ago. While his business was "successful" by many traditional metrics, his personal life was far from it. He soon found himself under a mountain of credit card debt, with his marriage to his partner of five years ending in divorce. Benny joins us on this week's podcast to share the details of his personal journey. You'll hear about his battle with clinical depression, the steps he took to get back on his feet, and how his business was able to survive through such a tumultuous period in his life.

Sep 23, 202154 min

TMBA615: 8 Simple Steps for Improving Your Sales Funnel

This week's episode is full of actionable advice for anyone who is looking to improve their revenue and optimize their sales. We were taking notes throughout the entire conversation with today's guest, and by the time it had ended, it felt like we had taken part in an incredible workshop. John Ainsworth is the founder of Data Driven Marketing, and he has recently started a group that coaches course creators who are looking to increase the revenue of their business. John joins us on today's podcast to share the specific steps that he has been using with his own clients that have helped them see immediate results in their sales funnel.

Sep 16, 202157 min

TMBA614: The Lifestyle Ladder

This week's podcast is inspired by a blog post that we published back in 2014. That post was titled "What is the Real Cost of the Permanent Travel Lifestyle?" and many of the points we touched on in that article are still being discussed by people in our community today. One of those people is Jesse Schoberg. Jesse is the co-founder and CEO of DropInBlog.com, and he is all too familiar with the challenges of bootstrapping his way up the "Lifestyle Ladder". Jesse joins us this week to share his thoughts on location arbitrage, financial freedom, and what he believes the "Lifestyle Ladder" of the permanent traveler looks like in 2021.

Sep 9, 202148 min

TMBA613: Is It Possible to Raise a Family as a Digital Nomad?

We've seen a lot of great conversations take place in our private community The Dynamite Circle as of late. One of our favorites came in the form of a thread titled "Is Digital Nomadism Possible to Combine With Having a Family?" While there were many insightful responses in that thread, one member, in particular, caught our attention. Steven Ladek is the Principal of E-Learning Advocacy for a company called Open LMS. He's also a longtime entrepreneur and has lived outside of the United States for 16 years. Together with his wife Dana, they have raised three children in Hungary, Costa Rica, Thailand, and Mexico. Steven joins us this week to talk about what it's really like to balance parenting with nomadism, and the unique challenges that expat families face around the globe.

Sep 2, 202140 min

TMBA612: Mailbag: Avoiding Drama in Your Business

We are once again reaching into the mailbag this week to answer some pressing questions from the Tropical MBA audience. This is a somewhat unorthodox episode, as we are "shooting from the hip" on a variety of items that have come across our desk in the past few months. We'll be discussing how to structure your teams (specifically in an agency), tips for staying focused on what's important in your business, and how to avoid the dreaded "D-word" in your business: drama.

Aug 26, 202124 min

TMBA611: Should You Bootstrap or Seek Funding For Your Startup?

Today's guest has been on an incredible journey that touches on so many of our favorite entrepreneurial milestones. Derek Pankaew is the co-founder of Mythia, a financial startup that has partnered with banks to create a debit card aimed exclusively at gamers. He has experienced just about every entrepreneurial path, from running a "4-Hour Workweek" business built on passive income, to seeking out more ambitious projects in the San Francisco startup community, and eventually raising roughly 2.2 million dollars in venture capital funding. Derek joins us this week to take us through the steps of his incredible journey, and to share some of the fundamental differences between bootstrapping and running a venture capital-backed business.

Aug 19, 202140 min

TMBA610: Building Deal Flow from Social Media and Content Marketing

Today's episode is particularly insightful for entrepreneurs who are looking to improve their social media or content marketing game, and for those of us who are interested in the property investment space. Moses Kagan is the co-founder of Adaptive Realty, a boutique real estate private equity firm based in Los Angeles, which has about $200 Million in assets under management. He is also an extremely savvy Twitter user and has successfully leveraged that platform to build meaningful relationships, many of which have led to massive investment deals. Moses joins us this week to talk about his strategies for social media and content marketing, the principles he has used to drive the success of his real estate business, and so much more.

Aug 12, 202140 min

TMBA609: Is "DeFi" the Future of Finance?

This week, we are once again diving into the world of cryptocurrency and blockchain technology. Gerbz is a regular contributor to this podcast and our go-to guy for all things crypto. He is the founder of BitLift.com, and the host of the brand new BitLift podcast, which aims to guide people down the crypto rabbit hole. Gerbz joins us this week to discuss the world of "Decentralized Finance", or "DeFi", where smart contracts and blockchain technology are being used to replace traditional financial institutions. He'll also be answering 5 pressing questions that we have about the state of crypto in 2021. Disclaimer: These are just our opinions, and are presented for informational purposes only. They are not intended to be considered as financial advice.

Aug 5, 202151 min

TMBA608: The History of Digital Nomadism

The term "Digital Nomad" has been beaten to death over the years, but it still means a lot to those of us who have identified with that label. James Clark is certainly one of those people. He's been a full-time nomad since the early 2000s, and we've shared many great memories with him around the world. James is also the author of a brilliant blog called Nomad Notes, where he recently published an article that captured our attention. The post was titled Digital Nomadism History, and in it he chronicles the start of the digital nomad movement through today, touching on all of the most important milestones. James joins us on today's podcast to talk about the history of digital nomadism, what inspired him to write that blog post, and a whole lot more.

Jul 29, 202149 min

TMBA607: The Lonely Path of the Solopreneur

Longtime listeners know that Dan and Ian have been business partners for many years, and sometimes it's hard for us to imagine what it would be like to run a business on our own. So many entrepreneurs do choose this path, though, and the quest of a "Solopreneur" can be a long and arduous one. Darren Joe is the director of TouchMBA, a service that matches prospective students with MBA programs. He is also the author of a new book called "The Fail-Safe Solopreneur", where he offers some insights and practical exercises to help navigate the journey of the solopreneur. Darren joins us on today's podcast to talk about his own journey as a solopreneur, what inspired him to write this book, why he has chosen to make Ho Chi Minh his home, and much more.

Jul 22, 202139 min

TMBA606: Reflections on 10 Years of Running an Online Community

We aren't usually the type for navel-gazing, but this summer marks an important milestone for us. 10 years ago, our desire to "find our tribe" led us to form the Dynamite Circle, a private membership community of location-independent entrepreneurs. Since then, there have been dozens of DC events all over the globe, and it has truly become a life-changing adventure for so many of the people involved in the community over the last decade. We've invited our good friend Jeff Pecaro on to the podcast this week to look back on the ups and downs of the last ten years of the Dynamite Circle. We are also going to pull back the curtain a bit and discuss the behind-the-scenes details of what it's really like to run a private community and the unique challenges that these types of businesses present.

Jul 15, 202141 min

TMBA605: What Makes a Great Remote Employee?

This week's episode was inspired by a question from a listener. Katie recently graduated with her master's degree, and while she appreciated the insight that we've shared in the past about how to get a remote job, she wanted to know more about what it takes to succeed at a remote position once you get it. This got our wheels spinning, and we put together a list of five important factors that can help employees become "A Players" in their remote positions. This conversation is of keen interest to remote employees and employers alike. You'll hear about the difference between good employees and great ones, why "B players" have been struggling with remote positions, and a whole lot more. We'll also be sharing some news about our first event in nearly two years.

Jul 8, 202144 min

TMBA604: Is Real Estate the Endgame for Entrepreneurs?

Nick Huber has been on a wild ride since we last spoke to him in 2019. Nick is the host of a podcast called The Sweaty Startup, and at the time he was running a business called Storage Squad, a storage company that helped students store their belongings at universities all across America. Covid threw that business for a loop, but Nick was able to make some fast decisions that allowed him to sell that company and pivot into a new endeavor, a multi-million dollar real estate private equity company called Bolt Storage. Nick joins us on this week's podcast to share what happened when the coronavirus pandemic shut down most of his business, why he has decided to pivot into the real estate business, how he utilizes Twitter to help find investors, and a whole lot more.

Jul 1, 202153 min

TMBA603: Returning to Nomadic Life

Summer is here, and it's starting to feel like things are returning to "normal." For many of us in the community, that means that we're finally going to have the opportunity to pick up our backpacks and return to nomadic life. Jesse Schoberg is the co-founder and CEO of DropInBlog.com, a Software as a Service platform that helps users add blogs to their websites. Jesse has been a full-time nomad for over 7 years, and he joins us on this week's podcast to discuss how he was able to transition from running an agency to creating a product, and why he finds the nomadic life so appealing. If you're ready to get back on the road, or perhaps you've decided that it's finally time to double down on entrepreneurship and go remote, this is the episode for you.

Jun 24, 202150 min

TMBA602: 5 Strategies for Growing an 8-Figure Business

A few weeks ago we said something on this podcast in jest, but one of our more attentive listeners latched onto it. "I find myself some days waking up and saying 'are we going to make it?'" Our good friend John Ainsworth heard this and he reached out to us with a little bit of concern, hoping to find out more. What exactly does it mean when we ask that question, "are we going to make it?" We'll be seeking the answer to that on today's podcast, as well as sharing five principles that we have been employing recently in our quest to grow an 8-figure business. Stick around to the end of the episode to hear a tribute to one of our dearest friends.

Jun 17, 202139 min

TMBA601: Creating Meaningful Online Communities

We've learned over the years that being a part of a community of like-minded people is one of the most valuable experiences that you can have as an entrepreneur. This was our core motivation for forming The Dynamite Circle, our own online community of location-independent entrepreneurs, back in 2011. We originally built that community on a platform called Ning, largely because it was the best option on the market at the time, and it served us well for many years. Gina Bianchini is the former CEO of Ning. She recently decided to leave that company to create Mighty Networks, a sophisticated platform aimed at helping creators build their own online communities. We've invited Gina on to the podcast today to talk about the challenges of building and running online communities in 2021, how communities on the internet have evolved over the past decade, how to grow an 8-figure remote business, and more.

Jun 10, 202131 min

TMBA600: Why It's So Hard to Replicate Success with Derrick Reimer

This week's episode is full of so many recurring themes that we've seen over the years on this podcast, from the unique struggles that SaaS businesses face, to the decision between bootstrapping and funding, and much more. Derrick Reimer has had a long and storied career as a software entrepreneur, but he is perhaps best known as the technical co-founder of Drip, which he built alongside our good friend and former guest Rob Walling. Since exiting Drip three years ago, Derrick jumped headfirst into his next project: a team-chat software named Level, which he ultimately chose to walk away from in 2019. Today, Derrick joins us to talk about why he made the decision to shut down the product that he has spent a year building, as well as the details of his newest project, a sophisticated scheduling tool named SavvyCal.

Jun 3, 202147 min

TMBA599: The Art of Acquiring Businesses

We've shared a lot of stories on this podcast from entrepreneurs who have started their own businesses, but one strategy we've increasingly seen to accelerate the path to wealth is to purchase a business that already exists and to leverage debt to do so. Today's guest is an expert at that. Shakil Prasla has been acquiring businesses through his company SZ Ventures for nearly a decade. He started with a loan from the Small Business Administration and now has a team of roughly 80 people who are managing niche eCommerce companies. They are selling anything from high-end business cards to their most recent acquisition, Gloves.com. In today's podcast, Shakil shares the story of how he purchased his first business, how he has grown to where he is now, strategies for taking advantage of Small Business Administration loans, and much more.

May 27, 202135 min

TMBA598: Winning with Twitter and Writing for the Web with David Perell

Today's episode is all about creating content, in particular, how to create written content that people actually want to read. David Perell is the co-founder of an online writing school called Write of Passage, and he is an expert at teaching people how to cultivate ideas and distill them into writing. He's also an extremely savvy marketer, with tons of important insights into the future of social media and internet marketing. David joins us on today's podcast to share specific writing strategies that have worked for him, what it really takes to grow a Twitter account that has the potential to change your business, and a whole lot more.

May 20, 202153 min

TMBA597: Five Things We Can't Stop Thinking About in May 2021

This week's podcast is a little bit out of the ordinary. While we have been busier than ever this month over at Dynamite Jobs, we still can't help but find things on the internet to get worked up about. We thought it would be fun to take a look at five specific news items and ideas that have recently come across our desk that we just can't stop thinking about. These topics range from how to deal with FOMO, why it's important to get powerbrokers involved in your business, the "muddy middle" of freelancing, and so much more. We hope that these five topics can help inspire you to make the next great move in your location-independent business.

May 13, 202140 min

TMBA596: What's Really Stopping You From Achieving Wealth?

Welcome back to another episode in our long-running series The Re-Readables, where we revisit some of our favorite business books to find out if they stand the test of time. How to Get Rich was written in 2009 by author and entrepreneur Felix Dennis. Felix was the founder of Maxim magazine, and he aimed to create a book about getting rich from "someone who didn't need to write it". The result is incredibly funny, direct, and thought-provoking. Joining us this week is our good friend Coran Woodmass of TheFBABroker.com, who has just read the book for the very first time and is eager to share his thoughts. We'll be discussing the finer points of How to Get Rich, what we believe has aged the best and what has aged the worst, some of our favorite quotes, and much more.

May 6, 202141 min

TMBA595: Hiring Tips for Remote Companies in 2021

This week's episode features insider knowledge on the processes behind hiring and recruiting remote talent from someone who has been deeply involved in the industry for over a decade. Greg is the Senior Recruiter at Dynamite Jobs, as well as one of The Bossman's closest friends. Avid listeners might remember his name from the "ferret story" that we've shared on this podcast in the past. (We'll touch on it again in this episode as well) His addition to our team has been pivotal as we've been developing our flat-rate done-for-you recruitment services. Greg joins us on the podcast this week to talk about his history in the job recruitment industry, how and where he finds the best candidates for jobs, which skills are in the hottest demand right now, and so much more.

Apr 29, 202130 min

TMBA594: Predictions About the Near Future - The Sovereign Individual

This week's episode is another installment of "The Re-Readables", a series in which we revisit some of our favorite business books to find out if they stand the test of time. Greg Gerber has become something of a regular contributor here on the Podcast. Greg is the founder of BitLift, and he is our go-to guy for all things blockchain and cryptocurrency. Greg joins us this week to talk about a book that has become eerily prescient, particularly among the cryptocurrency crowd. The Sovereign Individual by James Dale Davidson and William Rees-Mogg was published back in 1997, but the insights and topics in the book were not only far ahead of their time, but they remain eerily relevant today. In today's podcast, you'll hear our thoughts on why this book is still so important, why it's important for entrepreneurs to be able to see into the future, and how we can consider the ideas within The Sovereign Individual when attempting to look to the future ourselves.

Apr 22, 20211h 2m

TMBA593: How to Get a Great Remote Job

We've been seeing some truly explosive growth at Dynamite Jobs since the start of 2021, and we've been helping more businesses than ever find great remote talent for their teams. When our friend Brendan Tully reached out to us on Twitter recently with some suggestions on how we could help candidates find better jobs, we knew we had to talk to him. Brendan is the CEO and founder of Robotmedia, which helps small businesses get more traffic and better conversions. He has been doing quite a bit of hiring recently, and he has developed some strong opinions about the hiring process, particularly in how we can better educate job prospects who are applying for remote positions. Brendan joins us today to talk about what he looks for when browsing candidate resumes, what a great resume looks like, and what he believes that candidates can do to have a better chance of getting a great remote job.

Apr 15, 202156 min

TMBA592: An Entrepreneurial Approach to Investing

What if your knowledge as an entrepreneur could benefit you as an investor? We've talked about cryptocurrency and unorthodox investments in the past on this show, but the traditional financial system is still something of a mystery to a lot of entrepreneurs. Enter Simon Stock. Simon is a longtime friend of ours, who cut his teeth as an entrepreneur running eCommerce businesses. These days, Simon is a full-time investor, and his approach to the stock market is not unlike the way that many of us have run our own businesses. Simon joins us this week to talk about what entrepreneurs can stand to gain from investing in the stock market, what investment strategies have worked for him in the past, and how our entrepreneurial skillset can help us when investing in the traditional financial system. Disclaimer: The ideas discussed in this podcast are for entertainment purposes only and should not be considered financial advice.

Apr 8, 202153 min

TMBA591: The Surprising Habits of Wealthy People with Noah Kagan

Our good friend Noah Kagan recently published a video that caught our attention. Noah is the founder of AppSumo.com, and his YouTube channel has been one of our favorite destinations as of late for thoughtful content about entrepreneurship and creating wealth. That video was called 10 Surprising Things About My Richest Friends, and in it, Noah outlined some specific habits that he has seen time and time again among the wealthiest people in his social circle. We were so enthralled by some of the unorthodox ideas that he presented in that list, that we knew we had to talk to Noah to dig a bit deeper into what he had learned. In today's episode, Noah joins us to discuss the types of habits that the super-wealthy have cultivated, how people become wealthy in the first place, and what we can do to emulate some of these behaviors ourselves.

Apr 1, 202152 min

TMBA590: Mailbag: How Long Does it Really Take to Achieve Freedom?

We always love receiving thoughtful questions from Tropical MBA listeners around the world. A few weeks ago, a winter storm in Texas forced us to re-run one of our favorite episodes of this show called 7 Things to Consider When Selling Your Business, in which Dan and Ian describe the process of selling their eCommerce business back in 2015. Our decision to revisit that particular story elicited a ton of responses from those of you who had never heard it before, and from those who were listening to it with a fresh perspective nearly five years later. This week we are responding to several listener questions about that story, discussing our feelings on the exit nearly five years later, addressing how long it really takes to "fire yourself" from your business, and a whole lot more.

Mar 25, 202135 min

TMBA589: Creating a Software Business Without Technical Expertise

We've been devoting a lot of time on this podcast recently to SaaS or "Software as a Service" businesses. That's because we love the upside of SaaS, including the potential for generating recurring revenue and creating life-changing exits. But is it possible to create a software business without knowing how to code? Alan VanToai is the founder of CrewFire.com, a brand ambassador and influencer management platform. Alan has very limited technical expertise, but that hasn't stopped him from creating and exiting from multiple software ventures. Alan joins us on today's podcast to discuss how you can start a SaaS business without a technical partner, how to attract a technical partner when the time comes, and some personal feelings about one of our very favorite places in the world: Vietnam.

Mar 18, 202152 min

TMBA588: Getting Comfortable With Failure

When it comes to entrepreneurship, failure can often be more important than winning. So many of the greatest success stories start with failure because it's what we learn from those failures that ultimately leads us to the success that we seek. Today's guest describes himself as "an expert at failure". Sean Markey started his career as a special education teacher and spent the better part of a decade bouncing between jobs and going into debt, all the while trying to find a way to earn a living online. Despite several high-profile failures, Sean managed to hone his skills at SEO and started creating and building websites that earn affiliate income. He recently sold one of those websites for what he described as "life-changing money". Sean joins us this week to discuss some of his greatest failures, how he was able to learn the skills that ultimately led to his success, and why failure itself is such an important part of the entrepreneurial journey.

Mar 11, 20211h 3m

TMBA587: The Real Problem With Fake Reviews

When we received an email from today's guest, we were fascinated by his story and we knew that we had to speak to him. Curtis Boyd is the founder of two incredibly unique businesses. The first one is a bespoke consultancy for high-level service companies and the second one is a software as a service business called Objection.co. Both of these businesses were created with a singular goal in mind: to identify and dispute fake reviews on the internet. Curtis began by disputing a single review for his first client and soon found himself competing in an arms race with fake reviewers in what has become a multi-million dollar industry of deception. Curtis joins us this week to discuss how a chance encounter led to his unique consulting career, why he decided to go back to school to learn about artificial intelligence, tips for identifying fake reviews, and a whole lot more.

Mar 4, 202149 min

TMBA586: The Reformed "Bad Boss"

After a wild and dramatic week in Austin TX, we are excited to return to our regularly scheduled programming and to highlight an entrepreneur with a unique career trajectory. Casey von Neumann started out as many of us do, by freelancing, teaching music classes to students in Atlanta, G.A. As her client base grew, she began scaling her services into a full-blown music school called Eclectic Music and has since built multiple businesses in the education space. It wasn't long though before Casey discovered that she had trapped herself in the day-to-day operations of her business. She was forced to come to the difficult realization that she was a "bad boss" who needed to make fundamental changes to the way that she interacted with her team. Casey has recently begun sharing what she has learned from that experience by coaching entrepreneurs in an area where so many of us struggle - building, keeping, and managing a team. Casey joins us this week to share her entrepreneurial origin story, what it means to be a "bad boss", and how we as entrepreneurs can take steps at the onset of our business to create a better work environment for ourselves and our employees.

Feb 25, 202147 min

TMBA585: There's No Business Like Snow Business

Austin, TX was hit by a very unique winter storm preventing the team from putting out a full episode this week.

Feb 18, 202154 min

TMBA584: From Services Failure to Software Success

This week's episode features a story with a lot of familiar themes. Today's guest started out as so many of us do, with a weekend side hustle. Amar Ghose is the CEO of ZenMaid, a niche scheduling software for maid services that he co-founded in 2013. When his first attempt at launching a maid services company failed, Amar was able to use what he learned from that experience to pivot into a software product designed for other businesses in the maid services industry. Amar joins us this week to talk about the origins of ZenMaid, what playing online poker has taught him about running a business, how he has applied digital marketing strategies to a blue-collar industry, and a whole lot more.

Feb 11, 202157 min

TMBA583: Building a Business With the Intention to Sell

Today's podcast is about a topic that near and dear to our hearts and one that we've actually written a book about in the past. Longtime listeners know that roughly six years ago we sold our product business, and in the years since we have spent a considerable amount of time processing that decision and examining what happens not only at the core of successful exits but in the aftermath of them as well. John Warrilow is the author of a trilogy of books about this very subject, including Built to Sell, The Automatic Customer, and his most recent book The Art of Selling Your Business. He has also spoken with hundreds of entrepreneurs on his own podcast (including our very own Bossman) about their experiences exiting from their businesses. John joins us on this episode to discuss what makes a successful exit, how to build a business with the intention of selling, what he has learned from speaking to entrepreneurs about exits over the years, and so much more.

Feb 4, 202151 min

TMBA582: The Upwork Hustle

Since the start of the year, we've been focusing heavily on stories about starting new businesses as well as what we believe are the "fundamentals" of being an entrepreneur. When we received a video message from today's guest, who was telling us how excited he was to finally join our private membership group The Dynamite Circle, we knew we had to hear more about his story. In just a few short years, Sam Hill has grown his company E Comm CFO to nearly $300,000 in annual revenue, and he was able to do it by straight-up hustling on the freelancing platform Upwork. This week, we've invited Sam onto the podcast to share the origins of his entrepreneurial story, the nuts and bolts of how he was able to grow a business on Upwork, and some of his guiding principles for entrepreneurship.

Jan 28, 202139 min

TMBA581: 4 Frameworks for Starting a New Business in 2021

We've been spending a lot of time over the past few weeks talking about the "business fundamentals", or the everyday habits that we believe entrepreneurs should be practicing. In keeping with that theme, we've decided to revisit some specific concepts that we've spoken about on this show in the past, and that we have seen at the core of so many successful entrepreneurial stories. On today's podcast, we'll be sharing four frameworks for how to get started with a profitable business idea in 2021. We'll be exploring each of these philosophies, as well as citing some specific examples of how each of these frameworks have been used successfully by the entrepreneurs that we have featured on this podcast in the past.

Jan 21, 202149 min

TMBA580: Mailbag: Making New Moves in the New Year

January is one of our favorite months of the year because it's a time for starting over, setting new goals, and making plans for how to achieve them. It's no surprise then that our inbox starts filling up with messages from excited entrepreneurs who are looking for new ways to push forward with their businesses. This week, we're reaching into the mailbag once again to answer questions submitted by Tropical MBA listeners around the world. We'll be discussing a series of topics specifically related to starting new businesses, finding new revenue streams, and making new moves in your business in 2021.

Jan 14, 202143 min

TMBA579: The Price of Tomorrow

Every once in a while a book comes around that completely captivates us and leaves us with more questions than answers. When we discovered "The Price of Tomorrow" by Jeff Booth, we knew we needed to hear more from the man who wrote it. Jeff is a Canadian-based entrepreneur who has built and invested in numerous companies, including BuildDirect, which he helped grow to $220 Million dollars in annual revenue. We were absolutely taken by the ideas he presented in his book, as well as Jeff's perspective on the future of the global economy. Jeff joins us on today's podcast for what turned out to be an incredibly poignant conversation about the global financial system, inflation and deflation, technology, and so much more.

Jan 7, 20211h 0m

TMBA578: It's All About the Fundamentals

This is the time of year when so many people are making goals and resolutions. These types of things are great, but we've always believed that the best way to is to see real progress is to create healthy habits and practices. Successful athletes do this by continuing to practice their fundamentals, the core skills that are most important to their game. Today we're going to be looking at how we can practice our business fundamentals so we can improve our daily habits and set ourselves up for success in the new year. We'll be sharing some specific ways that you can improve your finances, your time, your relationships, and much more.

Dec 31, 202037 min

TMBA577: A Wild and Unforgettable Year in Review

To say that the last twelve months were unpredictable would be a massive understatement. For ourselves and so many other entrepreneurs, the COVID outbreak not only threw a wrench into our plans for 2020, it completely changed the way that we did business this year. Many of us were operating in industries that were adversely affected by the pandemic on a profound scale. Others, particularly those in eCommerce, experienced one of the most successful years of their entrepreneurial careers. In today's episode, we are revisiting some of the highs and lows of a wild and unforgettable year. You'll hear our opinions on how the year has played out on a broader scale, some insights into how our own businesses have fared over the year, and some highlights from our favorite moments on the podcast in 2020.

Dec 24, 20201h 4m

TMBA576: The Kings of Crypto

Like so many other entrepreneurs, we are fascinated by cryptocurrencies. We are naturally drawn to the technology because we believe it has the potential to cause some serious disruption in the financial sector. You might recall a few years back that we interviewed Nathaniel Popper about his book Digital Gold, which chronicled the origins of Bitcoin. Today's guest has written what feels to us like the next logical chapter of that story. Jeff Roberts is the author of Kings of Crypto, a book that details how the cryptocurrency startup Coinbase drove crypto out of the shadows of the internet and into the mainstream financial industry. Jeff joins us this week to talk about how the book came to fruition, crypto's evolving place within mainstream finance, the ideological battles happening within the space, and so much more.

Dec 17, 202052 min

TMBA575: A Blue Collar Origin Story

Even though 2020 has been a difficult year for some entrepreneurs, it has arguably been an all-time year for many people running eCommerce businesses. Longtime listeners know that we first cut our teeth in the eCommerce space, and we love keeping tabs on how that industry continues to evolve and innovate. It's no surprise then that today's guest made his way onto our radar. Aaron Rubin is a longtime veteran of eCommerce. Aaron's growing annoyance with the shipping costs related to his business drove him to create ShipHero, a remote company that offers outsourced shipping fulfillment services and warehouse management software to other eCommerce businesses. Today, more than 1 in every 200 eCommerce packages delivered in America are shipped through ShipHero. Aaron joins us today to share his story. You'll hear how his first eCommerce business nearly went bankrupt, how a need to "scratch his own itch" led to the creation of ShipHero, and Aaron's somewhat insider take on where the eCommerce industry is headed in the future.

Dec 10, 202050 min

TMBA574: The Power of Entrepreneurial Persistence

We are reaching back into the mailbag this week to answer questions submitted by Tropical MBA listeners around the world. In this edition, we'll be focusing on three specific questions that we believe get to the core of what it means to be resilient as an entrepreneur. We'll be discussing how much money you should save as a "runway" if you plan on leaving your job, the fundamental differences between hiring freelancers and hiring employees, and how you can navigate questionable business advice on the internet. You'll also hear an update about the new products that we are launching over at Dynamite Jobs, and why we are somewhat optimistic about events returning in 2021.

Dec 3, 202035 min

TMBA573: The Art of Personal Blogging

This week's episode is about something that is incredibly near and dear to our hearts: personal blogging and what it means to write on the internet. To help us tell this story, we've invited two of our favorite writers who both have a long and rich experience in the blogging space. Taylor Pearson has been a frequent guest and contributor on this podcast. He is the author of The End of Jobs, and he runs an excellent blog over at TaylorPearson.me that has been required reading for us for quite some time. Amanda Cook is an author, a podcaster, herbalist, and the founder of a business called Wellpreneur. Over the years, she has published online about a wide variety of projects, but the one consistent thing is that she's always had an excellent blog, which you can find at AmandaCook.me. Join us for this round table discussion about the past and future of blogging on the internet, tips for those starting out with a personal blog, some of our favorite blogs to read today, and so much more.

Nov 26, 20201h 6m

TMBA572: 4 Things We've Learned From Building a New Software Platform

We've been receiving a ton of requests recently from listeners who want to hear an "old school" episode, so this week Dan and Ian are jumping on the horn to talk about the progress that they've made with their remote jobs business Dynamite Jobs. Since the start of the summer, we've been building a new software platform designed to make the hiring process a whole lot easier for entrepreneurs. Just a few weeks ago, we finally started onboarding users into the platform. So far the results have been remarkable, but the challenges immense. In today's episode, we're sharing four specific things that we've learned from creating a brand new software product. You'll hear updates about some key figures in our business, how running a SaaS business has differed from a lot of our other ventures, and a whole lot more.

Nov 19, 202052 min

TMBA571: There is Only One Kevin Kelly

For our money, there is nobody quite like Kevin Kelly. Not only is he one of the co-founders of Wired Magazine, but he is also the author of some of our favorite pieces of writing about technology, including What Technology Wants, New Rules for the New Economy, and the brilliant essay 1,000 True Fans, which has been discussed countless times on this show over the years. This week, Kevin is joining us for a conversation about technology and how it informs our lives and businesses. On this podcast, Kevin shares his thoughts about why we have to stretch our imaginations more, what we can learn about technology from the Amish, why you should focus on "Being the only", and so much more.

Nov 12, 202054 min

TMBA570: Productizing Your Way to Freedom

Today's podcast is all about one listener of this show who took the concept of productizing and applied it incredibly well at a very high velocity. More than that, it's a story about endurance, applying systems intelligently, and the power of community. Ian Horley left a long stint at a successful corporate job in 2014 to create his own web agency, but he ultimately found himself incredibly stressed and unhappy. Today, Ian is the founder of HubSnacks, a productized service which offers unlimited tasks on the HubSpot platform for a fixed monthly fee. In this week's episode, Ian joins us to recall his tale of leaving the corporate world, why he struggled with the day-to-day of running an agency, and how productizing has finally allowed him the freedom to create a business on his own terms.

Nov 5, 202052 min

TMBA569: An Ode to DCBKK

Longtime listeners know that this is typically the time of year that we host DC BKK, our annual Dynamite Circle event in Bangkok. Each year, hundreds of entrepreneurs flock to the capital city of Thailand for the chance to meet and share ideas with like-minded people from across the globe. This has always been sort of a magical time for so many of us in the community, and to say that we are disappointed that we can't take part in it this year would be a huge understatement. It has become something of a tradition that our good friend Jeff Pecaro sits down with us after the event to crack open a beer and talk shop. Jeff is an incredibly talented copywriter and the founder of MostlyStories.com. He is also the man behind the content at most of our in-person events. This year, Jeff is joining us virtually on the podcast to commiserate and share some of our favorite memories, thoughts, and insights into the history of DCBKK.

Oct 29, 202047 min

TMBA568: ‘I’m Fiscally Bitcoin and Socially Ethereum’

It goes without saying that as internet entrepreneurs, we are fascinated by the future of money, and it's hard to talk about the future of money without talking about cryptocurrency. Greg Gerber is our go-to guy when it comes to simplifying the complicated world of crypto. We've invited Greg back on to the show this week to talk about the state of crypto in 2020. As this conversation unfolds, you'll hear about the philosophical differences between Bitcoin and Ethereum, the emerging lending industry in the crypto space, and how Greg hopes to help more people go down the crypto rabbit hole with his newest venture, BitLift. Disclaimer: These are just our opinions, and are presented for informational purposes only. They are not intended to be considered as financial advice.

Oct 22, 20201h 9m

TMBA567: A Shopify Software Business Success Story

We've been devoting a lot of time to talking about software businesses in recent weeks. One of the reasons we are so fascinated by them is that despite how difficult it can be to start one, these types of businesses can have tremendous upside. Jordan Gal is the founder of CartHook, a software company that helps Shopify merchants present offers to shoppers at checkout. Jordan first reached out to us back in 2015 with an investment opportunity (and we turned him down!). It really shouldn't come as a surprise then that Carthook has grown exponentially in the years since, with its user base having made more than a billion dollars worth of sales. Jordan joins us on today's podcast to share the story of CartHook.

Oct 15, 20201h 0m