The $100 MBA Show

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MBA887 The Working While Traveling Experiment P8: Would I Work While Traveling Again? My Take-Aways From This Experiment Aug 07, 2017

Show notes

All good things must come to an end. Our incredible 8 week trip around the world is no exception. But with every ending comes a new beginning— and the end of this journey signals the start of something BIG for ourselves and our listeners!

We’re in the magical, timeless little town of Gimmelwald, Switzerland, surrounded by breathtaking beauty and clean mountain air. We’re reflecting on everything we’ve learned while business-building on the road, and getting ready to head home and begin the next chapter. What we’ve discovered along the way will have a big impact on our decisions going forward— and it might just do the same for you.

We’ve got big news to share at the end of this episode, but first, we’re taking a big-picture look at our two months’ journey. We discuss our biggest, most important takeaways. We share 5 burning questions that we had going into the experiment, as well as the answers we uncovered. So many entrepreneurs sell the idea of location independence, of making a living from your laptop while roaming the landscapes of your dreams. And for every person who’s sold it, there’s been someone who questioned the feasibility of this alternative lifestyle.

Is it real, or is it a pipe dream? Is it worth it? We stopped asking, and started finding out for ourselves.

Today we address everything you need to know when considering mobile entrepreneurship, from the costs to your business to the effects on your health. We tried it out, and the benefits and drawbacks are both considerable. We’ve got important advice— you might even say warnings— for anyone who’s serious about taking their show on the road. We discuss what you get, what you lose, and how working while traveling changes the nature of both work and traveling.

Our final verdict may surprise you. You may agree with it. You may not. But either way, you’ll consider your own options armed with the benefits of our experience. Hear how our literal journey affected our business journey. Decide if the mobile life is right for you. Click Play!

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Switzerland – Rick Steves’ Europe

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MBA886 The Working While Traveling Experiment P7: How to Stay Focused in a Busy Time Jul 31, 2017

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So much to see and do, so little time. We’re on week 7 of our map-hopping adventure, finding out just what it takes to build a business while seeing the world. If you’ve ever dreamed of working independently and remotely, this is the series for you! We’re reporting from the front lines of location independence, sharing all the ups, downs, and surprising realities of working while traveling. With 2 weeks to go, things are getting interesting!

This week, we’re in Berlin, Germany, a fascinating city with more history and culture than we can shake a stick at. But with so much to absorb, how can we stay on task? How can we be efficient and productive when every day offers new wonders— and new distractions? On a hectic, inspiring journey, how can we make sure we’re getting as far in business as we are in travel? Productivity comes down to one thing: focus. And focus is acquired through strategy.

Whether you’re traveling or not, focus is a skill you have to develop. It’s not something that happens by itself. It’s a series of choices you make every single workday. Whether you’re in an office, on a train, or in a charming cafe, zeroing in on what needs to get done isn’t always easy. Today, we’re sharing 6 specific strategies for improving focus that are guaranteed to work. Some of them may seem extreme, but when put into practice, they make all the difference to your business. Try them, and find out how much more you can accomplish.

We know they work because we use them. We know because we’re using them right now, despite the incredible new horizons outside our window at any given moment. We’ve taken time-tested principles of focus and applied them to the most wonderfully distracting situation imaginable. Not only are we staying productive, we’re moving forward as our business grows. Wherever you roam, you can do the same. Find out how you can get in the zone, and free the rest of your life up for living. Find out how to focus: Click Play!

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MBA885 The Working While Traveling Experiment P6: What Makes a Business a Great Global Business? Jul 24, 2017

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Go global! We’ve hit the road to learn how seeing the world while growing a business can work. But traveling isn’t the only upside to doing business in a web-connected world. Our ability to market to the whole planet— not just our corner of it— is what gives the 21st century entrepreneur so much freedom. If you’re serious about making your own way in business, one of the smartest things you can do is leave international borders behind.

We’re in Naples, the last stop on the Italian portion of our 8-week globe-trotting adventure. It’s a homey, gritty city that reminds us how cultures can vary, but everyone speaks the language of value. Appealing to only your own homeland is an option, but how much do our odds of success multiply when we look beyond our borders? How many markets lay waiting to be discovered? How many customers are we leaving behind when we limit ourselves to just one part of the planet?

Today, we’re discussing what it takes to appeal to a global audience. We offer 7 specific steps you can take to branch out into the world. You can reach consumers from all over the human diaspora, and build the following that sustains your business. Hear how we plan our marketing strategy to reach the people who may be far away, but whose business can come right to your virtual doorstep. Click play!

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MBA884 The Working While Traveling Experiment P5: My Working While Traveling Challenges Jul 17, 2017

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Ah, Venice. We’re floating through the canal-strewn dreamscape of Northern Italy, soaking in the culture and beauty of this bucket-list destination. But it’s not all gondolas and gelato; we’re running an independent business— and we’re here to find out just what it takes to do so while seeing the world. Welcome to week 5 of our 8-week working-while-traveling experiment!

In our first 4 episodes, we taught you how to prep and schedule, as well as how to take specific lessons from the new worlds you encounter. Now, we’re hitting roadblocks (or in this case, canal-blocks). What happens when things go awry? How can you deal with work-mergencies when you’re an ocean (or two) away from your office? What challenges make travel a potential detriment to your business, and how can you address them?

No worries, friends. With the right attitude, expectations, and support, you can handle anything that comes your way— even when you’re not at “home” to handle it. Whether you’re a solopreneur blogging your way around the world, or juggling all the moving parts of a large team effort like we are, you can do it. This trip is the proof. Today we discuss 3 specific challenges that dogged us throughout our trip, and how we handled them efficiently, productively, and (most of all) calmly. Let our struggles be your tour guide- Click Play!

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MBA883 The Working While Traveling Experiment P4: Learning From Businesses Abroad Jul 10, 2017

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What can the best Italian meal of your life teach you about running a business? How can the warmth of a Sicilian barista inform your customer service philosophy? How much can you grow as an entrepreneur by consciously, thoughtfully enjoying the world beyond your borders? We’re finding out in this week’s podcast. It’s week 4 or our 8-week trek across the globe, and we’ve got another incredible in-depth lesson to share.

Last week, we discussed how enlightening certain tourist experiences can be for an entrepreneur. This week, we’re taking a look at what you can learn specifically from other businesses abroad. How is business philosophy different around the world? What foreign perspectives and practices can inform your approach to business? What can you bring home that will make your company stand out?

We’re in Sicily, eating, drinking, and lodging our way to a better understanding of how business works. With the launch of our unparalleled new software just around the corner, we’re learning about customer service from the only perspective that matters: the customer’s. We’re halfway through this eye-opening journey, and the lessons are already worth every step. Hear what we’ve learned— Click Play!

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MBA882 The Working While Traveling Experiment P3: Applying Your Travel Experiences to Your Business Jul 03, 2017

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Fasten your seatbelts, and return your seats and tray tables to the upright position! We’re crossing the globe to find out if it’s really possible to build a business while seeing the world. If location independence is on your list of entrepreneurial dreams, this is the podcast for you! Today’s deep-dive business lesson is Part 3 in our 8-part series on working while traveling.

We’re hitting 15 cities in various nations over 8 incredible weeks, all the while finding out what it takes to stay productive. This week, we’re in Italy. The culture is ancient, but the lessons in productivity, innovation, and achievement are timeless. We’re letting some of humanity’s oldest works inspire new ideas about setting expectations, overcoming obstacles, and daring to go big— Roman Colosseum big! Join us as we reflect on how travel experiences can change the way you see your small business.

We don’t just think you can travel while you’re working. As today’s episode reveals, traveling can actually improve the quality of your work. It can expand your mind, uncover new possibilities, and shake off doubts. Specifically, we’ve had 3 experiences in Italy that affected our professional outlook in practical, actionable ways. It’s an exciting journey, and we’d love to share it with you— Click Play!

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MBA881 The Working While Traveling Experiment P2: Making Time to Work & Play Jun 26, 2017

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Can it be done? We’re continuing our great experiment with the ultimate entrepreneurial dream: working while seeing the world. We’re building towards one of the biggest project launches of our lives (the release of our webinar software, WebinarNinja 5.0), but that’s not stopping us from touring our way across Europe and the USA before heading home to sunny Sydney— and we’re taking you along for the ride. 8 weeks, 15 cities, and countless challenges await!

Join us as we navigate the pitfalls of running a business while on the move. On this episode (part 2 of our 8-part series) we’re in Italy, dividing our time between Milan and Florence. We discuss how to strike the perfect work/leisure balance, scheduling time and managing workloads to get the job done while still seeing the sights. Staying in touch with your team, optimizing your schedule around local business hours, and finding the right work space are all covered. We show you how to make and execute a work/travel plan that keeps you on track, but leaves room for adventure.

It’s a global economy, and we’re hitting the globe to see how business can be done no matter where you roam. With a little planning, a little flexibility, and a lot of optimism, anyone can see the world— and their business can benefit. Whichever direction you travel in, you can keep moving towards the goals you’ve set for yourself. Make sure you’ve listened to Part 1, and Click Play!

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MBA880 The Working While Traveling Experiment P1: Preparing for Travel Jun 19, 2017

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Travel while working. Make money while seeing the world. Grab your laptop and hit the beach. We’ve all been tempted by The Dream. But is truly mobile entrepreneurship possible? Can you run— and grow — a business from the road? Here at The $100 MBA, we’re all about the possible. We’re also all about travel. So we packed up, strapped in, and set off for an experiment in location independence ahead of the launch of our game-changing software, WebinarNinja 5.0.

Today’s episode is the first in an 8-part series as myself and my co-founder/best life-partner ever Nicole hit the road for an epic trek abroad. 8 weeks and 15 cities from now, we hope to have learned the best ways to be effective and efficient while traveling. We’ll discuss what to bring, how and where to work, and what potential pitfalls you can avoid— and which you can’t. Everything from the best business travel gear to ensuring mobile service abroad will be covered, along with specific tips for making the most out of your biz-cation.

Making money while seeing the world isn’t beyond reach. Over the next two months, we’ll show you how to do it right! Click Play!

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MBA879 Missed Deadlines. What do you do? Jun 12, 2017

Show notes

So you’ve missed a deadline. Whether you missed it yourself, someone on your team missed it, or your whole team collectively missed it, missed it is. Spoiler alert: this is going to happen. It shouldn’t happen regularly, but when it does, it’s important to know how to handle it. What matters isn’t that you and/or your team dropped the ball. What matters is how you pick it up.

Missed deadlines can snowball into the rest of your project, and the rest of your business. They can create a self-propelling cycle of anxiety that hinders your performance even further. They can create disappointment— and even resentment— among team members. If not handled skillfully, a deadline unmet can become a bigger problem than plain old tardiness.

Fortunately (for our listeners, not so much for ourselves), we’ve missed a deadline or two in our day. We’ve had to learn how to keep moving forward, even when we’re doing so from behind. Even our most ambitious project yet, the release of our game-changing WebinarNinja 5.0 platform, has fallen victim to the cruel whims of unforeseen delay. Today we’re discussing how to dust yourself off, assess the situation, and make whatever strides necessary to get back on track. Don’t be afraid- be ready! Click play!

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MBA878 Do You Need an NDA (Non-Disclosure Agreement)? Jun 05, 2017

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There’s a new obsession in entrepreneurial circles, and it’s time we looked at it with a critical eye. Non-disclosure agreements (NDA) seem to be all the rage, as independent business people look to protect their new ideas with the legal equivalent of the Great Wall of China. But are they really necessary? More importantly, are they worth the cost and effort? Whether your idea needs protecting— and whether an NDA can actually protect it— are worth thinking about.

Today we discuss the main reasons businesses insist on making employees, partners, and investors sign NDA’s. We also discuss the shortcomings of these agreements, as their value in protecting the heart of your business might be a little…exaggerated. Not only are these documents surprisingly limited in their ability to keep people from finding out how your sausage is made, it’s likely that they’re protecting sausage that’s perfectly safe anyway. On top of that, NDA’s can actually deter valuable people from helping get your business off the ground!

Before you invest the time, effort, and legal expense of insisting that everyone around you be legally sworn to secrecy, listen to this podcast. Know that idea theft is rarely pursued by any serious business people, and is even more rarely successful. Most of all, know that it’s not the “big idea” that’ll make or break your success— it’s how you implement ideas that matter. No one can steal that. Click Play!

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