Tropical MBA: Entrepreneurship & Founder Lifestyle

Noah Kagan, CEO of AppSumo, shares insights on operating an 8-figure business and offers guidance on leadership, goal-setting, and personal growth. The importance of core documents in a business, giving employees autonomy, and continuous improvement are also discussed.

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.

Discover a strategic approach to decision-making intervals for top-line revenue and personal income goals. Unveiling the inner workings of quarterly reviews, the hosts address financial viability, team members' scorecards, and the importance of passion and curiosity in business growth. Learn about setting goals, evaluating progress, and reviewing financial, personal, and business goals through quarterly reviews.

Can you make a life-changing decision based on assumptions you pulled off the internet? This question and many others are answered in today’s fascinating interview with two of Dan’s mentors and longtime friends. They recently exited one of their businesses (they’re still running the other!) for 8-figures, and they share the details of their process from deciding to sell, preparing for the sale, vetting acquirers, and what happens after. Hear how they spun up another business on the side and are maintaining the cash flow from that as they sit on the cash pile from the sale. But perhaps their biggest accomplishment is raising three thoughtful, curious kids while running their two incredible businesses and living all over the world in places like Bali, Costa Rica, Spain, and more. 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 (00:00:42) Intro (00:03:03) Revisiting the 1,000 day principle and questioning the 3,000 day principle (00:03:52) Career milestones in entrepreneurship (00:09:18) Maintaining pricing power in a productized service (00:10:24) Setting financial goals and getting real with personal expenses (00:16:36) Retirement planning with financial planners (00:19:05) Selling a business: approach to sales process (00:21:48) Selling a business: acquisition process and unexpected offer (00:28:59) Selling a business: legal and financial aspects (00:34:46) Selling a business: emotions and negotiation process (00:37:10) Scaling a new business and selling a golden egg (00:44:05) Parenting, wealth, and financial priorities (00:46:06) Raising entrepreneurial children Links: DC Mexico tickets Greenback Tax Service Cleer.tax 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: #733 End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown #618 Exploring Alternative Education Options for Nomadic Families #565 The Origins of the 1,000 Day Principle

In this podcast, Dan & Ian reflect on their business in 2023 and share favorite moments. They discuss how to make a compelling offer, non-obvious ways to grow your business in 2024, and why goal setting should go beyond numbers. They also talk about top business books, viral tweets, acquiring undervalued platforms, and using conversation cards to connect with clients.

The podcast discusses end-of-year brainstorming, goal-setting, and a Mexico meltdown in their latest episode. They explore re-visualizing your business, understanding your role, and thinking objectively about decision-making. They also touch on trends, a business idea, and 3-year goal setting. Plus, they share updates on job opportunities and reflect on a recent event mishap. Overall, it's an informative and entertaining episode.

The podcast discusses the significance of accurate job titles, using org charts as brainstorming tools, the concept of being the 'money person' in a business, investing in networking strategies, and the UI and API score of NYC. They also touch on understanding the different roles and hierarchies within a company, challenges of taking all profits as salary, understanding cash reserves and investing for high ROI, and the importance of networking and building relationships in the entrepreneurial world.

The hosts invite listeners to join them in Mexico for a business conference and vacation. They discuss the allure and positive impact of Playa del Carmen as the event's location. They emphasize the family-friendliness of the event and the importance of building connections and experiencing business breakthroughs.

Learn about cash flow investing in real estate and strategies for cash-flowing retirement through smart investments. Sarah Weaver shares her journey of achieving an impressive monthly cash flow of over $10,000 from her real estate portfolio in under five years. Discusses metrics to consider before investing, building a brand around personal experience, and avoiding common mistakes in real estate investing. Also explores the concept of impostor syndrome and the similarities between real estate and poker. Plus, the hosts discuss upcoming events and the DC Adventure Trip to Antarctica.

Explore the concept of the greatest business model of all time, recurring revenue, and its impact on branding. Learn about the profitability of certification businesses and the success story of Patty. Discover the value of certifications in certain professions and indulge in book recommendations for the holiday season.