TMBA Podcast Episodes

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TMBA 453: What’s The First Step To Becoming an Entrepreneur?
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 453: What’s The First Step To Becoming an Entrepreneur?

Today's guests are proof positive that these communities actually have quite a bit in common, and that they might even exist as two sides of the same coin. Kristy Shen and Bryce Leung are bloggers at Millennial-Revolution.com, and they both retired in their thirties. As their blog name suggests, they are millennials and quite a lot younger than other prominent figures the FIRE space.

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TMBA 452: How to Master a Mastermind
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 452: How to Master a Mastermind

Ryan Heneise is the founder of Booster Stage, an agency that does web app development for startups. Ryan was a guest at our recent event in Austin, Texas and took part in his first official mastermind. On this week's episode, you'll hear from Ryan about how that event unfolded, and the benefits that he has seen from attending that mastermind. You'll also hear tips on how to get the most out of a mastermind, and how to create a successful mastermind yourself.

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TMBA 450: The Best Remote Business Might Be On Your Doorstep
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 450: The Best Remote Business Might Be On Your Doorstep

Neel Parekh is the founder of a cleaning services company called MaidThis, which operates all over Southern California. What makes Neel's business special is that, even though it is a local company, he runs it completely remotely. In today's episode, you will hear Neel's insights into why he stumbled upon the idea for his company, how he managed to create a "Remote Local" business, and how to seize opportunities that entrepreneurs often overlook in the digital space.

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TMBA 449: The Peter Principle Revisited
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 449: The Peter Principle Revisited

On this week's episode, Dan and Ian are going to explore one of the philosophical concepts that they have been talking about increasingly on this show. The Peter Principle was originally published by Laurence J. Peter in 1969. The basic premise is that every employee or member of an organizational hierarchy will tend to rise to their own "level of incompetence". On today's podcast, we are talking about what this concept means for entrepreneurs, how it applies to us, how it applies to our businesses, and what we can learn from it. We'll also share some strategies for what to do if you believe that you've reached your own capacity for growth.

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TMBA 448: The Cult of Early Retirement
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 448: The Cult of Early Retirement

Dan and Ian share stories of financial freedom every week on this podcast.On this week's episode, they wanted to explore what that freedom actually means. To some, living a life of frugality can allow yourself to retire early, but does it really bring you freedom?One year ago, Dan wrote an article called The Cult of Early Retirement Meets (Or Strangely, Doesn't Meet) The Cult of Entrepreneurship. This article turned out to be fairly controversial, with many readers of our blog sharing their thoughts on early retirement, financial freedom, and more.Today, we are going to present an audio version of that article, followed by some opinions and reflections on the discussions that arose from it. You'll also hear our thoughts on why the writings of early retirement bloggers don't entirely click with entrepreneurs, why we believe our time is more valuable than money, and a whole lot more.

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TMBA 447: The Suburban Entrepreneur
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 447: The Suburban Entrepreneur

Dan and Ian return this week with another unique entrepreneurial origin story. In fact, today's guest has built a business in the last four years that has revenues in the low seven figures and he now employs five employees. Part of the reason we like to share these origin stories on the show is that there's a moment for every one of us when we really truly did not believe that we could achieve this sort of thing. Allen Walton knows that feeling all too well. Allen is the founder of SpyGuy.com, an eCommerce business which sells covert surveillance technology. Allen grew up in the suburbs of Dallas, Texas, and he still lives there today. On today's podcast, you'll hear Allen share the story of how he grew SpyGuy.com to a seven-figure business, what happened when he cold-emailed Mark Cuban, and a whole lot more.

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TMBA 446: The Tale of 12 Exits
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 446: The Tale of 12 Exits

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.

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TMBA 445: Finding Your Tribe
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 445: Finding Your Tribe

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.

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TMBA 444: When Should I Hire?
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 444: When Should I Hire?

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.

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TMBA 443: The Knowledge Gap vs. The Efficiency Gap Revisited
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 443: The Knowledge Gap vs. The Efficiency Gap Revisited

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.

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TMBA 442: 'Til Death Do Us Part? Business Relationships
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 442: 'Til Death Do Us Part? Business Relationships

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.

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TMBA 441: The Entrepreneurial Script
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 441: The Entrepreneurial Script

Dan Taylor, the founder of AppsEvents, started his entrepreneurial journey roughly 14 years ago and went through some tough times with his earlier businesses. In this episode, you'll hear about many of those struggles, why he left those businesses, and how long it took Dan to replace his income from his previous job. If you are struggling with your own entrepreneurial journey, we hope this episode can serve as an inspiration for you.

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TMBA 440: What's Your Lifestyle Ladder?
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 440: What's Your Lifestyle Ladder?

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.

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TMBA 439: Five Takeaways From Our Event In Austin
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 439: Five Takeaways From Our Event In Austin

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.

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TMBA 438: The Knowledge Gap vs. The Efficiency Gap
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 438: The Knowledge Gap vs. The Efficiency Gap

Today we are talking about the "Knowledge Gap" and the "Efficiency Gap". Too often, entrepreneurs are selling their product or service by trying to solve a "Knowledge Gap" for their customer. Nearly every entrepreneur does this. We try to be the expert in our line of work and teach people why they need to work with us. In this episode, we'll be sharing reasons why people get caught up in this differential and what we, as entrepreneurs, can do to ensure that our businesses are successful.

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TMBA 437: The Two Tomato Strategy
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 437: The Two Tomato Strategy

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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TMBA 436: The Entrepreneur's Guide to Keeping Your Sh*t Together
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 436: The Entrepreneur's Guide to Keeping Your Sh*t Together

Today Dan and Ian are going to talk about something that every entrepreneur has to deal with. That "something" is the anxiety that comes along with the entrepreneurial way of life and the overall challenge to our mental well-being. Owning and operating a business means responsibility, and those responsibilities can create all kinds of stress and mental fatigue. Very few people are as experienced in this topic as Dr. Sherry Walling. Sherry is a clinical psychologist and the host of the ZenFounder podcast. She also recently released a fantastic book on the topic called "The Entrepreneur's Guide to Keeping Your Shit Together". Sherry believes that the success of our businesses is intimately tied to our mental health. She has joined us on today's podcast to talk about why many of us aren't taking enough time to care for ourselves, and what we can do to solve that.

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TMBA 435: The Resistance is Real
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 435: The Resistance is Real

Dan and Ian know that one of the most difficult things about running a business is having the right mindset, especially in the early stages. One of the most powerful concepts about how to improve your creative mindset was presented by author Steven Pressfield in his book The War of Art. Steven poses that there is a force in the universe, which he calls 'resistance', that is manifesting itself in our lives and getting in the way of our forward progress. On today's episode, we will be talking about five ways in which this 'resistance' can appear in our day-to-day lives. Make no mistake, even the most seasoned entrepreneurs experience it. Learning how to identify 'resistance', and to eventually overcome it, is one of the most critical skills that you can learn on your entrepreneurial journey.

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TMBA 434: The Lure of Remote Work
Episodes, TMBA Podcast Dan Andrews Episodes, TMBA Podcast Dan Andrews

TMBA 434: The Lure of Remote Work

For many years, Dan and Ian have spoken about jobs on this podcast. After all, the TropicalMBA originally started as a job listing on this website. Jobs are an important facet of entrepreneurial life. Remote jobs and distributed teams have been a huge part of the successes that people have found in our community. A remote job can also offer a springboard to a long and prosperous career as an entrepreneur. On this week's episode, Dan and Ian thought it would be fun to talk about their own personal history of remote jobs. This podcast chronicles that history, from the first remote employee that they've hired, all the way to their latest venture, a remote job board that they have recently launched called Dynamite Jobs.

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