Wealth Without a 7-Figure Exit: 5 Steps

Written By Dan Andrews

Podcast 30:09 | Download | Spotify| Stitcher | iTunes

Dan and Ian share 5 money tips for bootstrappers—from prioritizing personal finance and investing to getting in the company of other entrepreneurs. Follow this playbook and you could build wealth without a 7-figure exit (spoiler: only about 5% of businesses achieve this.) Free resource below!

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This week’s sponsor: SPP.co “Your billing, onboarding & projects in one client portal”

This week’s sponsor: Smash Digital “Scale your organic traffic with future-proof strategies”

FREE RESOURCE: Personal Financial Dashboard for Bootstrappers

Olly Meaking’s musings on entrepreneurship and crossing 7 figures ARR:

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Connect with 7+ figure founders and join us in NYC this December

22 FREE business resources for location-independent entrepreneurs

CHAPTERS:

Video:

  • 00:39 How Dan Got Fired For Having Too Many Ideas

  • 02:01 5 Money Tips for Bootstrappers

  • 02:53 Tip #1: Focus on Your Knowledge, Skillset, and Business Model

  • 04:11 Case Study: Olly Meakings, Founder of Senja.io

  • 07:14 Tip #2: Be Realistic About Your Liquidity Potential

  • 11:53 Tip #3: Keep Your Second Bottom Line Sacred

  • 17:10 Tip #4: Be a Bull About 1 Non-Business Thing

  • 22:27 Tip #5: Surround Yourself With Other Entrepreneurs

Audio:

  • (00:00:50) How Dan Got Fired For Having Too Many Ideas

  • (00:02:07) 5 Money Tips for Bootstrappers

  • (00:03:00) Tip #1: Focus on Your Knowledge, Skillset, and Business Model

  • (00:04:14) Case Study: Olly Meakings, Founder of Senja.io

  • (00:07:13) Tip #2: Be Realistic About Your Liquidity Potential

  • (00:11:42) Tip #3: Keep Your Second Bottom Line Sacred

  • (00:16:47) Sponsor Shout-out: Smash Digital

  • (00:17:43) Sponsor Shout-out: SPP.co

  • (00:18:44) Tip #4: Be a Bull About 1 Non-Business Thing

  • (00:23:47) Tip #5: Surround Yourself With Other Entrepreneurs

Dan Andrews is the co-founder of Dynamite Circle, author of Before the Exit, host of the Tropical MBA podcast, and an entrepreneur who has successfully launched and scaled multiple 7-figure businesses.

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Email Dan@tropicalmba.com

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Free resources for business owners

Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Justin Tan, Matt Gartland, Ayman Al-Abdullah, Lucy Bella.

PLAYLIST:

How to Get Rich on X With a Fake Persona

How to Instantly Improve Your Lead Pipeline by 20-50%

Why $120K From Your Biz Beats $150K at a Job

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Have comments about the show?

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

You can email our producer Morgan at morgan@tropicalmba.com.

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

Cheers,

Dan & Ian

Dan Andrews
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How to Get Rich on X With a Fake Persona