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Tropical MBA: Entrepreneurship & Founder Lifestyle

Latest episodes

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Nov 22, 2018 • 47min

TMBA468: “Allowing Myself To Dream That Big”

http://www.tropicalmba.com/sambrowne/ Dan and Ian have encountered many entrepreneurs in their travels, from all walks of life. They first met today's guest back in April at our annual Dynamite Circle event in Austin, Texas. Sam Browne was the beneficiary of one of the scholarship tickets to that event. These scholarships have been donated by some of the more established entrepreneurs in the community as a sort of way to pay it forward. Sam is the founder of Find A Band, a New Zealand-based online booking agency for bands and musicians. He is also a talented musician himself, and you will hear some of his original music on today's show. Six months after attending our event, Sam wrote us to let us know that his experience at DC Austin had inspired him to dream bigger. His email was so exciting, that we just had to invite him on to this week's podcast to share his story.
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Nov 15, 2018 • 51min

TMBA467: The Long, Winding Road to 60 Remote Employees…

http://www.tropicalmba.com/empireflippers/ Dan and Ian have been wanting to share the story of this week's episode for quite some time. Justin Cooke is one of the co-founders of Empire Flippers. Empire Flippers is an online marketplace where businesses are bought and sold.  Since their inception, they have grown their team to over 60 remote employees, and they have helped people buy and sell over $50 million worth of online businesses. It wasn't always like that, though. On today's podcast, Justin is joining us to share the story of Empire Flippers. On this podcast, you'll hear about Justin's background in the mortgage industry, how he joined forces with his business partner, how the market crash in 2008 left them with almost no money, and how they were eventually able to create one the largest marketplaces in the world for buying and selling online businesses.
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Nov 8, 2018 • 34min

TMBA466: The Dos and Don’ts of Hiring Apprentices

http://www.tropicalmba.com/hiringapprentices/ It's no secret that Dan and Ian love hearing from the listeners of this show. This week, we received a question from Ben McAdam. Some of you might remember Ben from his earlier appearances on this podcast. Ben reached out to us to ask about our recent decision to hire a new apprentice. For those of you who are not aware, we brought someone new onto our team recently and we'd like to talk about it here today. On this week's episode, you'll hear all about why we decided to find a new apprentice, and what that process was like. We'll also be sharing a comprehensive list of "Dos and Don'ts" when it comes to hiring your own apprentice, as well as some quick tips on how you can find the apprenticeship of your dreams.
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Nov 1, 2018 • 40min

TMBA465: 5 Internet Business Themes for 2019

http://www.tropicalmba.com/themesfor2019/ Dan and Ian are still resting up after hosting 350 entrepreneurs at their annual DC BKK event in Bangkok last week. While they were at that event, they had the opportunity to speak to so many entrepreneurs about their business struggles and successes throughout 2018. In light of those conversations, we've decided to address some of the common topics we've heard throughout that conference on today's episode. This week, we are discussing the five trends that internet businesses need to consider for the upcoming year. We'll be talking location freedom, hiring practices, conference strategies, and much, much more. 
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Oct 25, 2018 • 25min

TMBA464: 5 Reasons Your Presentation Might Suck

http://www.tropicalmba.com/presentations/ We are fresh off the heels of DC BKK 2018, our annual conference that we host in Bangkok. It's safe to say that in the many years of running that conference, as well as attending other conferences around the globe, Dan and Ian have seen quite a few amazing presentations from speakers. Not every presentation can be a home run, though, and we have seen our fair share of bad ones too. This week, Dan is talking about the science behind a great presentation, and specifically the five reasons your presentation might suck. The ability to give a great presentation is an important skill set for entrepreneurs. Even if you aren't planning on giving a presentation any time soon, learning these principles can help make you a better communicator in your business.
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Oct 18, 2018 • 37min

TMBA463: The Tao of the Hustle Redux

http://www.tropicalmba.com/hustleredux/ A few years ago, Dan and Ian published an episode of this podcast called The Tao of the Hustle. In the years since we still receive frequent questions and comments about our opinions on hustle and entrepreneurship that we shared in that episode. One of those questions recently came from a listener named Rob Sanchez. Rob loves creating products, but over the course of his career, he has failed to establish proper distribution channels as he's built those products. His insecurities about hustling have frequently led to less than stellar results when his products launch. On today's episode, we are addressing Rob's troubles, and revisiting The Tao of the Hustle. We'll be sharing six new elements to the Tao of the Hustle, as well as exploring the ways that our philosophies about hustle have evolved in 2018.
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Oct 11, 2018 • 42min

TMBA462: A Conversation with Michael Lombardi

http://www.tropicalmba.com/michaellombardi/ Dan and Ian are always looking for new ways to gain insight into entrepreneurship, and sometimes that insight can come from some unexpected places. Michael Lombardi is an American Football executive and analyst. He also served as an assistant to the coaching staff of the New England Patriots, one of the most successful franchises in the history of the National Football League. While Dan was reading Michael's new book "Gridiron Genius", he realized it wasn't just a book about sports. In many ways, Dan found "Gridiron Genius" to be as much a business book as a football one. On today's episode, we are talking with Michael about the similarities between American Football and entrepreneurship, and some leadership strategies in sports that entrepreneurs everywhere can learn from.
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Oct 4, 2018 • 43min

TMBA461: The 40% Rule

http://www.tropicalmba.com/40percentrule/ If you've been listening to this podcast for a while, you would know that one of the major motivations for Dan and Ian in life is creating the freedom to live life on your own terms. That freedom can mean a lot of different things to a lot of different people. On recent episodes, we have spoken about how entrepreneurship shares a lot in common with the FIRE (Financially Independent, Retire Early) community. One of the tenents of FIRE philosophy is The 4% Rule, which is the practice of saving and investing enough money that it will allow you to withdraw 4% of that income every year to live off of.  In order for that rule to work, though, you would need to save 1 million dollars to live on a modest income of $40,000 annually. That can be a tall order for people who are on a small salary. Enter Jase Rodley. Jase recently wrote a piece called The 40% Rule, which addresses this idea head-on. The 40% Rule is an investment strategy that allows people to concentrate on returns from modest investments, while still allowing themselves to "stay in the game". On today's episode, Jase discusses The 40% Rule, the business that he is currently building, and how his experience with that business has informed his investment strategies.
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Sep 27, 2018 • 1h 5min

TMBA460: Are We Being Honest About the True Cost of Bootstrapping a Business?

http://www.tropicalmba.com/costofbootstrapping/ Today we are examining a discussion that Dan and Ian have been having behind the scenes of this podcast for years. These conversations revolve around a question that everyone who is considering an entrepreneurial lifestyle needs to hear: What are the real costs of bootstrapping a business? The truth is that it is often much more expensive and complicated than writers and "thought leaders" let on. It can steal so much of our time, our opportunities for relationships, and sometimes our own well being. Justin Jackson knows this better than most. Justin is a well-known podcaster with a track record of shows like Product People, Build Your SaaS, and MegaMaker. He has also recently launched an integrated podcast service called Transistor.fm. Justin has been addressing some of these more "taboo" entrepreneurial concepts on his blog. A recent piece called The Bootstrapper's Paradox addresses some of the hidden costs of bootstrapping. On today's episode, Justin shares his thoughts on those hidden costs. He also challenges some of the narratives that legendary figures in the movement have built around themselves and opens up about his own struggles with mental health as an entrepreneur.
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Sep 20, 2018 • 41min

TMBA459: The State of Bitcoin

http://www.tropicalmba.com/stateofbitcoin/ Dan and Ian have spoken about cryptocurrencies before, and they have certainly been a divisive topic among the listeners of this show. The fact is that cryptocurrencies aren't going away. If you're interested in your financial future and really want to understand the nature of these markets and how to manipulate them, this episode is for you. We've invited our friend Taylor Pearson back to the show this week to talk about a recent article he wrote called The State of Bitcoin. On today's podcast, Taylor shares his thoughts on how cryptocurrencies essentially differ from other forms of investment, how to distinguish hype from opportunity, and why the "Bitcoin backlash" is happening.

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