Tropical MBA: Entrepreneurship & Founder Lifestyle

Even though Dan & Ian’s travel adventures in the Philippines are winding down for now, they’ll be back. The folks they’ve been able to hang out with the past few weeks are straight ballin’, entrepreneurs and business owners with at least six figures kicking around in an account or five. Whether they’re hobnobbing with the Vice President of the Philippines or dirt biking through the jungle, they’ve been absorbing all the advice these guys have to offer. It isn’t all yachts and big payout investments though. In this episode learn the 6 Financial Secrets that Dan & Ian have gathered from their conversations and observations. Things like:  How To Handle Your Mindset Like a Poker Player  Avoiding Itchy Feet and “I Finally Have Money” Euphoria  Having a Solid Fall Back Position  Supply, Demand, and Running Out of Stock  What Should You Borrow Against?  Dinari, Florida Swampland, and Other “No-Fail” Investments

What good is a location independent lifestyle business if you can’t enjoy it? Dan & Ian join us from the beach at Badladz Resort in Puerto Galera where they have been adventuring around the shooting range, playing with go-carts on the back roads, cutting deals and hustlin’ connections like a boss, and relaxing/karaokeing with friends in various cities across the Philippines. Taking a break from pounding the pavement, this week they’re talking about the most important entrepreneurial skillset one can possess. It isn’t a degree or marketing plan or venture capitalist in your back pocket. It’s all in your head. We’re talking mindset. Set against the lull of ocean waves and sea breeze, Dan & Ian break the entrepreneurial mindset down into 4 Basic Points: Don’t work with assholes How to handle “free work” Success time frames Johnny vs. Jeffie – A tale of two approaches to entrepreneurship and advice

Like the ballers that they are, Dan and Ian recorded this week’s podcast from the ballroom of the hotel they are staying at in Cebu City as they travel around SE Asia visiting with LBP listeners and members of the Dynamite Circle. With the popularity of their recent podcast which answered listener questions (and their overflowing in-boxes asking more questions) they decided to hunker down and discuss some answers. This was all after they nommed a killer gourmet cheese plate in the business lounge at the airport!

Ian landed in Bali last Saturday and it’s been all-biznass-all-the-time as we make the most out of his time here. No one should be surprised that they were able to do all their prep at Starbucks before. Good Chai, Ian? ;) This week Dan and Ian discuss two of the most misunderstood words in business:Hustler and Entrepreneur Listen to this episode and learn about: Entrepreneurs Writing Scripts, Hustlers Executing Scripts. Self Confidence vs.Product Confidence. Ego / Money Focus vs. Product / Customer Focus. Self Employed vs. Building Something Bigger. Short Term vs. Long Term Thinking. Some of Dan & Ian’s upcoming Dreamlines?  Pay for personal assistants– sports massage therapist, business coach, nutritionist, personal assistnat. doctors and dentists.  Get a book contract.  Summit about hyper-internationalization and micro-multinationals with some of the world’s premier location independent entrepreneurs.  Lead investments in disruptive platform style companies in our industries. 150+ spare, IE angel investor.  Concretely help 100 people make the lifestyle transition and a significant portion of the DC make 10K.  Business class on every flight. (how can we hack this???)

Ian managed to pick himself up from a nasty spin-out on the racetrack this week to join Dan as they reveal their most recent product launch and discuss the strategy that they used to find the niche and then dominate it. Additionally, with listener questions pouring in they take the time to chat about some real problems people have experienced and how they might be able to get back on track. Listen to this episode and learn about:  Picking up some contract work to bankroll savings and pay down debt – is it a good path to entrepreneurship?  Avoiding self-sabotage, inaction, and disbelief while building your lifestyle business.  How to use online email marketing services and which are best for some slightly shady deals Also in this episode, Dan and Ian disclose for the FIRST time on Lifestyle Business Podcast one of their product businesses: Portable Bar Company. Using the Rip, Pivot, and Jam method they were able to find a niche, apply known business practices, and rock out a successful product line.  Rip – Identify if others in the niche are making money from it  Pivot – Bring it to a new market / new approach  Jam – Crash the boards with 100% energy This is also how they have built the private blog network that will be available for a limited number of subscribers starting next week (email Dan for more information and pricing)

Dan and Ian invited the guys from AdSense Flippers on the show to chat entrepreneur to entrepreneur (to entrepreneur to entrepreneur!) about what it’s like to start a podcast, hire employees, and provide constructive criticism or feedback. Then they get into it and talk about the realities of business partnerships and what it’s like to build a life together. Listen to this episode and learn about: The high caliber of aspiring location independent interns and freelancers Why a business partnership can be so similar to a marriage Planning out your financial and life goals when you have someone else to consider Letting certain ships sail and still maintaining fundamental respect The critical junctures when your workflow should and should not overlap Why it is important to imagine the eventual successes as well as evaluating the day-to-day of your operation Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

Taking to the masses, Dan and Ian take a few questions from listeners on a broad range of topics vital to anyone looking to start, grow or expand their business. Listen to this episode and learn about: A closer look at micro-publishing and blogging with some convo about standing desks (Question from Justin Treptow of CubeSapien.com) The dirty little truth behind the 4-Hour Workweek and start-ups Whether to incorporate and some of the possible implications (Question from Jim Johnson of AccentHelp.com) How to get referrals and then act on them (Question from Ryan of SanAntonioSEO.com) Graduating college with a boatload of student loan debt and making career decisions with that in mind Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

After waxing a little philosophic about education and career prospects, Dan and Ian dig into the things that no one ever taught them in any business class or course. Listen to this episode and learn about: Real risks involved in cash profit and how it flows like water The Art of Entrepreneurship and how not to go crazy in your niche A simple mathematic formula for getting the most out of your networking efforts The value you add to your business and your role in that value Universal truths about public opinion Make sure to listen thru to the end for the one GMail hack that changed Dan’s life Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

After taking a Christmas break, Dan and Ian got together to discuss 4 online business trends that you shouldn’t miss in 2012. Listen to this episode and learn about: How small businesses can benefit from tax saving strategies that have been reserved to the big players until recently. Amazing opportunities to grow your business by hiring in 2012. The secret weapon that revolutionized Dan and Ian’s business. Why you should get onto the micropublishing bandwagon. Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)

This week, Dan, Ian and special guest Matt Kowalak talk about how you can get started sourcing products from China. Matt has been living in China for almost a decade and specializes on sourcing. Listen to this podcast and learn: Why so many people are getting into selling physical products (instead of information) How to get started with sourcing products from China How to avoid getting ripped off Where to find manufacturers … and much more. Tip: Make sure to scroll down further to read some more advice from Matt after listening to the podcast. Have fun. Leave a comment. Give us a ring. 888-554-8428. Go make it happen! :)