Tropical MBA: Entrepreneurship & Founder Lifestyle

#737 Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings

16 snips

Jan 11, 2024

In this podcast, Dan and Ian discuss the importance of revenue durability and investing profits to build business durability. They also share tips on how to improve the quality of meetings for higher productivity and higher yield. Additionally, they explore the concept of setting SMART goals and common blind spots for founders. The podcast also delves into the topic of creating revenue durability and building business moats, as well as benchmarking durability and improving cash flow.

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Introduction

00:00 • 4min

Evaluating and improving meetings for organizational growth

04:15 • 8min

Running Effective Meetings and Setting SMART Goals

12:22 • 11min

Creating Revenue Durability and Building Business Moats

23:13 • 5min

Benchmarking Durability and Improving Cash Flow

28:07 • 5min

Today Dan & Ian challenge you to consider: How durable is your revenue?

They’ll explore the concepts of profit now vs profit later, investing profits to build durability, network effects, marginal profitability calculation, and more.

But first, in some lighter conversation, Dan argues that setting smaller goals and reconfiguring your team meetings can lead to higher productivity and higher yield in your business.

Plus, the 6 principles to a high-leverage meeting learned from running millionaire masterminds.

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

Show Notes

(00:00:43) Intro
(00:02:15) A strategy for higher productivity and higher yield in 2024
(00:03:29) Focus on three things: Who, what, and when.
(00:04:15) Make your meetings so good you could sell them
(00:10:08) 6 principles we learned from running millionaire masterminds
(00:11:34) Common blind spots for founders
(00:13:34) “I don’t know how to set goals”
(00:15:26) Specific, measurable, attainable, relevant, timely
(00:24:59) Are boring businesses as durable as they seem?
(00:25:54) Investing profits to build durability & adapt fast
(00:29:45) Profit now vs profit later

Links:

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, Dana Lindahl, Anthony Fasano, Adam Palmeter, Carrie & Dave McKeegan.

Additional episodes you might enjoy:

How to Have Your Best Year $$$Wise Ever

Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023

End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown