Ep.295 ~ Should You Exit a 7-Figure Location Independent Business? ~ Dan Andrews Part I

Jun 27, 2018

33:35

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Dan Andrews Part I ~ Host of the Tropical MBA Podcast and Co-Founder of the Dynamite Circle

~ Current Series ~
100 Interviews with 100 Location-Independent
Entrepreneurs that have over $1,000,000 in Annual Revenue

Hello, listeners, we are so happy to have you here today, and I am so happy to give you a brief intro into a good friend and guest of the show Dan Andrews. Dan is the co-founder of one of the largest location independent communities called the Dynamite Circle. The Dynamite Circle or DC as we call it is a private group of location independent entrepreneurs. The organization also hosts two key events each year called DCBKK and DCAustin. Both amazing conferences I would recommend checking out. Dan is also the co-founder of a business that became the #1 supplier for valet podium stands in the US.

We brought Dan on the show today to discuss life post the sell of his business. He recently wrote a book titled ‘Before the Exit | Thought Experiments for Entrepreneurs’ where he takes the readers through a process of asking questions that are really important if you are going to exit or sell your business. Hindsight is 20/20 and he has a very interesting perspective on many reasons why he would not have sold his business knowing what he knows now.

“Now we’re sitting on that remote island supposedly living the dream, and it doesn’t feel that great!” Dan Andrews

04:54: Dan’s Best Story About Growing Up Around Amish Culture

10:06: What is Location Independence?

12:02: Finding a “Home” as a 7-Figure Location Independent Entrepreneur

16:13: Being Emotionally Bankrupt from Location Independence

19:29: Dan Wrote a Book About Life After Selling His Business

21:07: After an Entrepreneur Sells His Business

23:30: Selling vs. Exiting

27:48: What’s More Valuable, the Leverage From a Business or the Payout After Selling?

“One of the things you will find amongst people that have had financial success is that they’re pretty bummed out that they can’t purchase the things that really matter. You can’t buy respect, you can’t buy time with your family. You can’t buy a business that engages your best energy.” Dan Andrews

Honorable Mentions:

Before the Exit | Thought Experiments for Entrepreneurs by Dan Andrews

https://www.amazon.com/gp/product/B07BN2KD1J/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=B07BN2KD1J&linkId=ed8c5deac174610c96b0f325fb30ea1e

Ep.195 ~ Behind the Location Independent Scenes ~ Dan Andrews https://www.thebusinessmethod.com/dan-andrews

Amish Culture

https://en.wikipedia.org/wiki/Amish

What Technology Wants by Kevin Kelly

https://www.amazon.com/gp/product/0143120174/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=0143120174&linkId=19d6d7de688fb20e665b7a6eca590562

Martin Heidegger - The Question Concerning Technology

http://www.psyp.org/question_concerning_technology.pdf

D.C. (Dynamite Circle)

http://www.tropicalmba.com/dc/