One of the biggest challenges of running a remote team is communication.

After all, "watercooler conversations" rarely happen when your team is scattered across the globe.

Joe Magnotti is the co-founder of Empire Flippers, a marketplace for buying and selling online businesses.

Together with his partner Justin Cooke, they have built a team of over 70 people who are entirely location independent and are located all over the world.

Joe joins us on today's podcast to talk about his experience managing a remote team, and how holding twice-annual team retreats has been paramount to the success of Empire Flippers.