Tropical MBA: Entrepreneurship & Founder Lifestyle

#755 - Run Any Business With Just Two Simple Things

May 16, 2024

32:39

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Topics discussed in the podcast include reflections on a trip to Mexico, lessons from exiting a business, embracing discipline in business, launching a coaching program, and the importance of vulnerability. They also talk about the transformative journey of parenthood, simplifying operations, and the two essential tools needed to run a successful business.

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Quick takeaways

To run a successful business, prioritize growth over day-to-day operations and consider asset value, team quality, and financial clarity as if selling now.

Transitioning into parenthood within the entrepreneurial community brings a unique sense of membership, support, and passion among fellow parents.

Deep dives

Running a Business with Exiting in Mind

To run a successful business, it is crucial to have discipline and consider your business's asset value, team quality, and financial clarity as if you were selling it now. Owners who have sold their enterprises for significant sums emphasize the need to prioritize growth over day-to-day operations when revenue is under five million. This approach highlights the importance of strategic focus and simplifying operations to maximize personal and business development.

Discipline in Running a Business and DC Accelerator Program

01:19

Empowerment through DIY Cash Flow Forecasting

01:30

Introduction

3min

Experiences in Playa del Carmen and Event Success

2min

Parenting as an Entrepreneur

7min

Continuous Growth and Discipline in Business

4min

Embracing Discipline and Strategic Planning for Business Success

12min

Analyzing Business Performance and Creating Measurable Plans for Future Success

4min

Dan reflects on his trip to Mexico last week where he hung out with 200 founders and listeners of the pod.
Vulnerability, lessons from exiting a business, and a secretive membership called “being parents” were common themes.
Another major topic was the launch of our new coaching program, DC Accelerator. Dan talks about how getting to $1M and beyond takes not just willpower or desire, but most importantly, it takes discipline.
He shares the two tools required to run a business of any size. Whether you’re a 1-person operation of have 1000’s of employees, these two tools remain the same.

Dan & Ian’s Stuff:
Our book: Before the Exit
The Newsletter
“The DC”
DC Accelerator
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan

Chapters
● (00:00:48) Introduction and Simplifying Operations
● (00:04:54) The Transformative Journey of Parenthood
● (00:07:09) Vulnerability and Exiting a Business
● (00:15:37) The Nuts and Bolts of Our Coaching Program
● (00:22:35) Every Business Needs a Cashflow Forecast and a Plan

Links:
DC Accelerator

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, Tommy Griffith, Justin
Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian
Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal

Additional episodes you might enjoy:

Mastering Consistency with Adam Gilbert
Lessons From an 18-Month Trip Around the World on $100 a Day
The 1 Million Dollar Question

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