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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 105: TMBA 105 (LBP95) – Hiring Interns Right From The Start

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9527 Ratings

🗓️ 22 March 2012

⏱️ 23 minutes

🧾️ Download transcript

Summary

With Ian back stateside and Dan back in Bali, the guys have said goodbye (for now) to their time in the Philippines and are back to biznass.
This week, they are chatting about the re-launch of their lifestyle business site, Tropical Work Force. During their time chatting up colleagues and friends in the Philippines, they learned that many entrepreneurs were interested in hiring “interns” of their own to grow their businesses and share their knowledge with.
Having been through this process ten times now, Dan & Ian have quite a bit of experience helping people become location independent while working to grow their companies. Some of the experience is great and some…well…let’s just say they learned a lot.
Overall, they came up with 5 Tips To A Successful Internship

  1. Paid Vs. Unpaid – Put your money where your intern is
  2. Get a commitment – Make the gig full-time
  3. Give them space – Create opportunities for them to network and meet your peers (Apartment, Join you in your house, Dynamite Circle forums)
  4. Ride ’em hard – These folks aren’t your average employee, challenge them and believe you have something to offer
  5. Touch base – No one likes to be micromanaged, but you need to have open communication with your interns

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, podcast listener, even if you are alone in your entrepreneurial pursuit, know that today, right now in your earbuds, you are joined by thousands of entrepreneurs all around the globe, seeking to do the same thing you are.

0:17.8

If you want to know more about this program or this podcast or want to get barraged

0:22.1

by a lot of annoying pop-ups, check out our website, lifestylebusinesspodcast.com.

0:32.8

Yeah, buddy, happy Thursday morning. It's time for another LBPp today i am joined by my captain my co-host

0:39.9

the man who puts the nass and the biz nass welcome to this fine morning ian how you doing in san

0:45.4

diana doing very very well if you guys stick around to the end of the episode we'll share

0:51.8

some obvious stuff about your browser that you should know and we just found out but first the end of the episode. We'll share some obvious stuff about your browser that you should know,

0:55.3

and we just found out. But first, the shouts, the news, you are back in the USA. Sad times. What's

1:03.3

going on back in California? Sad times, indeed. I wouldn't say sad times necessarily working

1:09.3

with our crew here in the office, in our California office.

1:13.1

So having a great time actually doing that.

1:15.0

You just can't get out of the hustle.

1:17.0

One of the things we're working on is a home exchange.

1:20.1

Explain how that works a little bit.

1:22.8

Yeah, there's all these sites.

1:24.3

So we've got this wonderful place in Bali, three bedroom house, if anybody wants to

1:29.5

run it out from us. And basically what you do on these home exchange sites is you put your

1:32.8

house up there and you see if people on other sides of the globe want to rent your house

1:37.5

from you or exchange your house, I should say. And this is a phenomenon that's been going on

1:42.6

for a long time. I think the wealthy might have started doing this, I guess, with vacation homes.

1:49.0

What do you mean, like middle class kids from the East Coast that we don't know about home exchanges?

1:53.4

Yeah.

...

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