The Path to 7-Figure Passive Ownership + We’re Hiring

Podcast 50:06 | Download | Spotify| Stitcher | iTunes

Today’s guest is one of Dan’s favorite people to talk business with. Justin Tan grew his productized video-editing agency to 7 figures in 2 years and “retired” in 4. Now he helps burnt-out mid-6-figure agency owners become 7-figure passive owners without the 60-hour workweek grind.

Join Dan and Justin as they geek out on the pumpkin plan, the trouble with blindspots, and some common mistakes business owners make.

Justin just so happened to give Dan and Ian some pro bono consulting last summer in Barcelona, so they’ll chat about how that advice is panning out…

Plus, we’re hiring an Events Manager to help us take our global community events to the next level. Head to dynamitejobs.com to apply or refer a friend.

“You keep on promoting people you are familiar with because you like that dynamic. You are familiar with that dynamic. I am their boss, I tell you what to do. But at some point, you need to make that mentality switch. And this goes back to the operator owner where I tell them what to do. Instead, it needs to be they tell me what to do or what is needed, and I am the one who enables them to do that.”

LISTEN AND LEARN:

  • 14:59 Focus on the customers who value you more than others do

  • 19:05 Hire somebody who has been there, done that

  • 26:35 Let them tell you what needs to be done, and empower them to do it

  • 31:23 If you don’t resonate with your target market, it could be a limiting factor

  • 39:51 Thoroughly evaluate the opportunity vehicle before you get in the driver’s seat

Want More TMBA and Lifestyle Businesses?

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Mentioned in the episode:

Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page. New Events Manager for the DC Justin Tan Taylor Pearson
Steph Smith
The Pumpkin Plan Profit First Reed Hastings

Enjoyed this podcast? Check out these:

TMBA 661: The Rewards Of Challenging Assumptions (Justin Tan)
TMBA 696: The Current Landscape for Bootstrapped Businesses with Rob Walling
TMBA 685: From Agency to COO to CEO – A Case Study From SPI

This week’s sponsors:

Don’t Get Held Up While You’re Trying to Scale Up. Experience the ease of remote hiring with dedicated experts by your side. Book a call at https://www.remotefirstrecruiting.com/

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Have comments about the show?

Do you have ideas for things you’d like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at jane@tropicalmba.com or leave us a voice message using the record button below.

Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

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How (Not) to Lose Money with Taylor Pearson

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Deceptively simple ways to have a better business