“You got to like people, and you gotta recruit the people you want to be around. And then treat them cool and make sure you like your partner. And then find someone who can do organizational things.”

— Michael Lovitch

This week Sachit (@sachitgupta) chats with Michael Lovitch (@michaelovitch) and Hollis Carter (@hollisc), co-founders of Baby Bathwater Institute — A community comprised of some of the world’s leading minds and entrepreneurs, with a focus on helping bootstrapped entrepreneurs navigate the crazy world of business ownership while having good times and making lifelong friendships.

Hollis Carter is a serial entrepreneur and avid skier. He started his entrepreneurial journey in the early 2000’s, founding multiple companies, including a SAAS company he built into a 7-figure virtual business in less than a year. In 2013, he became a founding investor in Utah’s Powder Mountain Ski Resort.

Michael Lovitch, MA is a former special education professional, over-educated grad student, and floundering tech sales guy who decided at the age of 34 to take the entrepreneurial path because nothing else was working. He started a publishing company in the psychology space that ended up being a 7-figure endeavor, then parlayed that into a physician-based nutritional supplement company (RealDose Nutrition) thatended up with annual revenues of $50 million dollars before he sold out his stake.

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00:00 Introduction 00:26 What is a successful community? 09:19 When did your events start turning into a community? 13:55 How do you encourage your community members to connect with each other? 17:21 The process by which people come into baby bathwater 21:41 Patterns in people from the same type of business 26:53 How to create a good experience for people 37:00 How to deal with people that take advantage of the community 43:17 How to get feedback from the members of the community 47:40 What you should be thinking about in order to build a successful community 53:56 How to agree in a moment of disagreement 55:54 The vetting process for the Baby Bathwater community 58:12 In the process of building the community, what have you learned about yourselves? 1:02:29 What does it mean to be a conscious creator? 1:07:21 Closing Remarks

164 Why You Need a Side Gig