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

More 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,...


TMBA466: The Dos and Don’ts of Hiring Apprentices

More 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...


TMBA465: 5 Internet Business Themes for 2019

More 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...


TMBA464: 5 Reasons Your Presentation Might Suck

More 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...


TMBA463: The Tao of the Hustle Redux

More 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...


TMBA462: A Conversation with Michael Lombardi

More 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...


TMBA461: The 40% Rule

More 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...


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

More 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...


TMBA459: The State of Bitcoin

More 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...


TMBA458: Five Reasons You Won’t Be an Entrepreneur Next Year

More Dan and Ian have been around the block a few times, and in that time they have seen many entrepreneurs come and go. What many don't understand is that the majority of entrepreneurial success stories don't happen overnight. Nearly every sustainable path to wealth and freedom is a journey that can take years, and often decades to achieve This week's episode is a list of the five common reasons that entrepreneurs will give up on their journey. If you...


TMBA457: Why Does Everyone Talk About Revenue and Not Profit?

More A few weeks ago, Dan and Ian published an episode of this podcast about The Peter Principle, which is the idea that everyone will more or less rise to the level of their own incompetence. Today, we are talking about a different principle. This one comes from a great 19th century book, The Adventures of Tom Sawyer by Mark Twain. This episode begins with an excerpt from the book, where Tom is forced to paint a fence and convinces others to help him,...


TMBA456: An Episode For Those Who Need a Business Idea Redux

More One of Dan and Ian 's favorite topics to discuss on this show is business ideas. In particular, they love brainstorming new business ideas with the listeners of this podcast. Coming up with a great business idea doesn't come naturally for all of us, though we believe it really is a skill that you can learn and get better at. Today, we are talking about the science behind a great business idea. In particular, we are sharing five techniques that...


TMBA455: The Rise of Audiobooks and a Giveaway

More Every week, for over 450 episodes, Dan and Ian talk on this podcast about business, entrepreneurship, and location independence. They do so because they love creating and consuming audio content. It's no wonder then that when Dan finally wrote his first book, Before the Exit, he was naturally very passionate about creating a narrated audiobook version. On today's podcast, we are talking about audiobooks. In particular, we'll be talking about how we...


TMBA454: What Does Your City Whisper?

More Dan and Ian have spent many hours on this show talking about location and in particular the cities that location-independent entrepreneurs choose to live in. A little while ago, Dan read an article called Cities and Ambition by Paul Graham which theorizes that the cities we visit actually send signals to us in a variety of unspoken ways. Afterward, he felt compelled to write a blog post about the ways that certain cities "whisper" to us. On today's...


TMBA453: What’s The First Step To Becoming an Entrepreneur?

More Podcast 56:28 | Download | Stitcher | iTunes | Comment This week, Dan and Ian are talking about the very first step to creating a lifestyle business. Contrary to popular belief, that is not quitting your job or coming up with a business idea. It begins with your personal finances. We’re talking about treating your bank account,...


TMBA452: How to Master a Mastermind

More On today's podcast, Dan and Ian are talking about one of the most critical elements to their own success in business: masterminds. We've talked about the importance of masterminds before on this podcast, but we believe it is an issue worth addressing again because we have seen the benefits that entrepreneurs can achieve from them firsthand. When taken advantage of correctly, the value of a great mastermind cannot be understated, and masterminds...


TMBA451: Are You Suffering From Analysis Paralysis?

More Podcast 33:44 | Download | Stitcher | iTunes | Comment Dan and Ian struggled (as many entrepreneurs do) getting on their feet and creating the kind of success that would afford them the freedom in their lives that they were seeking. None of that would have been possible if they had succumbed to the subject of today’s...


TMBA450: The Best Remote Business Might Be On Your Doorstep

More Podcast 33:26 | Download | Stitcher | iTunes | Comment Dan and Ian love sharing entrepreneurial origins stories on this show. Today, we are bringing you one from someone who has chosen an unusual entrepreneurial path. Neel Parekh is the founder of a cleaning services company called MaidThis, which operates all over Southern California. What makes Neel’s...


TMBA449: The Peter Principle Revisited

More On this week's episode, Dan and Ian are going to explore one of the philosophical concepts that they have been talking about increasingly on this show. The Peter Principle was originally published by Laurence J. Peter in 1969. The basic premise is that every employee or member of an organizational hierarchy will tend to rise to their own "level of incompetence". On today's podcast, we are talking about what this concept means for entrepreneurs, how...


TMBA448: The Cult of Early Retirement

More Dan and Ian share stories of financial freedom every week on this podcast. On this week's episode, they wanted to explore what that freedom actually means. To some, living a life of frugality can allow yourself to retire early, but does it really bring you freedom? One year ago, Dan wrote an article called The Cult of Early Retirement Meets (Or Strangely, Doesn't Meet) The Cult of Entrepreneurship. This article turned out to be fairly controversial,...