Tropical MBA: Entrepreneurship & Founder Lifestyle

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Episode 446: TMBA446: The Tale of 12 Exits Jun 21, 2018

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http://www.tropicalmba.com/tomhannon/ As many of you know, Dan and Ian love hearing from the listeners of this show.

A listener named Tom Hannon recently wrote in with a question that we really hadn't addressed on this show before.

We've talked a lot about selling businesses on this podcast lately, but what happens when you don't have a choice? What happens when you are forced to sell?

As we started talking with Tom, we discovered that he has actually sold twelve businesses of his own, and the circumstances of each of those sales were entirely unique.

We invited Tom onto today's podcast to share the stories of those exits, as well as the lessons that he has learned along the way.

Episode 445: TMBA445: Finding Your Tribe Jun 14, 2018

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http://www.tropicalmba.com/maitie/ Today's show is all about seizing opportunities.

Last year, Dan and Ian invited Greg Gerber, who is a member of our community The Dynamite Circle, on to the show to talk about how he gifted an up-and-coming entrepreneur an all-expenses-paid trip to our annual event in Barcelona.

This idea of "paying it forward" has really taken off in the community since then.

At our recent event in Austin, TX, Meryl Johnston offered two free tickets on behalf of her company, Bean Ninjas. Dan and Ian contributed a few free tickets of their own, with others offering free airfare, coaching, and more.

On today's podcast, you'll hear from one of the recipients of that gift.

Jen Anderson is the founder of Mai-Tie, a company that makes unique, fashionable bowties out of vintage Hawaiian shirts. While her business is still in its infancy, she has a huge amount of experience in the startup world, and some interesting insights into that as well.

This is the story of what it takes to find your people.

Episode 444: TMBA444: When Should I Hire? Jun 07, 2018

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http://www.tropicalmba.com/hiringhelp/ Dan and Ian are back this week to respond to another listener-submitted question.

Chris Cage from GreenbellyBar.com recently reached out to us with a problem that many listeners of this show have been struggling with: when is it the right time to hire somebody?

This is a moment in the entrepreneurial journey that every entrepreneur will eventually reach, and it isn't always easy to make the right decision. Hiring can be expensive, from both a financial perspective and an emotional one.

Fortunately, Dan and Ian have a rich history of hiring experiences, both good and bad. On today's show, they will be opening up about the mistakes that they have made, as well as the successes they have had when bringing people on to their team.

Episode 443: TMBA443: The Knowledge Gap vs. The Efficiency Gap Revisited May 31, 2018

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http://www.tropicalmba.com/knowedgeversusefficiencyrevisited/ A few weeks ago , Dan and Ian published an episode called The Knowledge Gap vs. The Efficiency Gap.

In that episode, they tried to make a distinction between businesses that solve "Knowledge Gaps" for their customers and businesses that solve "Efficiency Gaps".

"Knowledge Gap" businesses focus on educating their customers on how their business can solve new problems, whereas the businesses that solve "Efficiency gaps" for their customers are intent on providing more efficient solutions to their preexisting needs.

A few of our listeners wrote in with some comments about that show. Nate Smith is the founder of AdmitScout, which specialized in paid traffic lead generation for addiction treatment facilities. Eagan Heath is the founder of a digital marketing agency called Get Found Madison, which is mostly aimed at businesses in Madison, Wisconsin.

In this week's podcast, we've invited both Nate and Eagan on to the show to share their responses to that episode and to talk about how Knowledge Gaps and Efficiency Gaps have played a role in their own businesses.

Episode 442: TMBA442: ‘Til Death Do Us Part? Business Relationships May 24, 2018

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http://www.tropicalmba.com/businessrelationships/ Dan and Ian love receiving messages and questions from listeners of this show.

A few weeks back, one listener reached out to them about what the ownership structure of a business partnership should look like.

This is a critically important issue for many entrepreneurs, and it's an incredibly complicated one to boot. Dan and Ian are business partners themselves, but they have seen many other partnerships evolve and dissolve over the years.

On today's show, we are talking about five partnership styles that we've personally witnessed over the years, how those types of partnerships can affect your business, and how you can find the right business partner.

Episode 441: TMBA441: The Entrepreneurial Script May 17, 2018

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http://www.tropicalmba.com/entrepreneurialscript/ http://www.tropicalmba.com/entrepreneurialscript/ Podcast 34:19| Download | Stitcher | iTunes | Comment One of Dan and Ian‘s favorite parts about creating this podcast is being able to find real entrepreneurial stories that can inspire and inform others. It’s easy to forget sometimes that these real entrepreneurial stories, or “scripts” as we sometimes call them, are rare to come by. These...

Episode 440: TMBA440: What’s Your Lifestyle Ladder? May 10, 2018

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http://www.tropicalmba.com/lifestyleladder/ Dan and Ian know that today's episode is about a rather sensitive subject.

Not many people in American society feel comfortable talking about money. It's quite taboo in some social circles to share how much money you are making or to open up about your financial position.

It's part of the reason so many entrepreneurs don't open up about selling their businesses. They think that nobody wants to hear them complain about how they made a lot of money.

We've found that the types of people that are able to speak freely about these topics are often the ones who are the most successful with their money.

In this week's podcast, we aren't holding back. Dan and Ian are sharing how they feel about money, how much money they want, and what actual financial freedom looks like.

Episode 439: TMBA439: Five Takeaways From Our Event In Austin May 03, 2018

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http://www.tropicalmba.com/austintakeaways/ On today's show, Dan and Ian are going to be sharing some of their thoughts about the event that they recently hosted in Austin, Texas.

Approximately 100 internet entrepreneurs got together in Austin last week to attend DC Austin. There, they took part in workshops and mastermind groups with other entrepreneurs and ultimately made the effort to take the next steps forward in their entrepreneurial journey.

On this week's episode, Dan and Ian are going to talk about what they learned from that event, what the current entrepreneurial climate looks like, what is changing about it, and what kinds of opportunities exist for listeners of this show.

Episode 438: TMBA438: The Knowledge Gap vs. The Efficiency Gap Apr 26, 2018

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http://www.tropicalmba.com/knowledgevsefficiency/ http://www.tropicalmba.com/knowledgevsefficiency/ Podcast 34:08| Download | Stitcher | iTunes | Comment On this week’s show, Dan and Ian are revisiting a subject that they haven’t spoken about in four years. Truthfully, it’s the number one recurring topic that listeners of this podcast bring up with them in conversation, so we thought it was high time to take another look...

Episode 437: TMBA437: The Two Tomato Strategy Apr 19, 2018

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http://www.tropicalmba.com/twotomatoes/ Dan and Ian are all too familiar with the difficulties of completing projects.

A few weeks ago, they spoke at length about how "resistance" can get in the way of achieving success in your entrepreneurial endeavors.

Imagine if the solution to your productivity and creative woes could come in the form of two juicy, red pieces of fruit.

On today's episode, we are going to be talking about the "Two Tomatoes Strategy" for getting the projects done that are going to make a difference in your career.

For those who are just getting started on their entrepreneurial journey, those who are starting a new project, or anyone who is at war with the resistance in their own lives, this strategy is a great way to overcome your distractions and ultimately move forward in a successful and productive way in both your business and your life.

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