Episode 110: TMBA 110 (TTR11) – What are Your Chances of Having $1,000,000 in 5 Years? (Hint: They Might Be Higher if You Move to China)
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 20 April 2012
⏱️ 16 minutes
🧾️ Download transcript
Summary
This week I decided to get back to my roots, fire up my dorky headset, and do another Tropical Talk Radio (iTunes link).
Today we ask the question: do you think it’s likely that you’ll have $1,000,000 in your personal bank account in 5 years? You might be surprised by the way some young entrepreneurs answer the question.
I was first introduced to my guests Tim and Nick by my friend Sean Ogle, and since that time I’ve enjoyed following what they are up to in China (I’m also proud to call them DCers!).
These guys talk about doing business in China, and accelerating your entrepreneurial career by making the jump to Asia. I like the metaphor Tim and Nick use: “lose the [corporate] ladder, take the elevator.”
One of the most useful pieces of small business advice I’ve ever heard is: “9 out of 10 small businesses track with market.”
I believe the same principle can apply to your life and career. A rising tide lifts all boats
Transcript
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| 0:00.0 | One of the things about our podcast is that they always sound like crap, |
| 0:02.7 | because we can never find a decent place or a consistent place to record. |
| 0:07.4 | So today it's not the buzz of my ungrounded power cord or the din of Jeepneys in the background. |
| 0:14.5 | Today it's bugs in the jungle. |
| 0:18.3 | What do you say we do some tropical talk radio. |
| 0:21.5 | Yeah, buddy, you've downloaded Tropical Talk Radio where we talk about all things, |
| 0:25.7 | entrepreneurship, travel, and lifestyle. |
| 0:28.2 | If you're interested in more about this program, check out tropical MBA.com. |
| 0:32.9 | And if you sign up for our mailing list, I will personally send you 50 free podcast episodes |
| 0:38.4 | that take you along on our journey and expose the insider story on how we started a million |
| 0:44.1 | dollar honest to goodness product business while we travel the globe. |
| 0:50.1 | All right, today we have a quick little podcast where I want to plant a dirty seed in your heads, |
| 0:55.2 | and that's this idea of how much your environment can impact the way your life goes. |
| 1:02.4 | Today I had a quick phone call with Tim and Nick from the elevator life, |
| 1:06.1 | and these guys are young, ambitious know, legitimate business in China. |
| 1:13.1 | And the interesting thing is, is we all know guys like Tim and Nick. |
| 1:17.7 | But one of the things about Tim and Nick is the prospects for their future are so much different |
| 1:23.6 | because they've chosen to set up shop in China. And that's really the lesson of this for me. |
| 1:30.6 | I mean, Ian often said that one of the biggest turning points in our business was when I got on a |
| 1:36.6 | plane to come to Asia. And it wasn't anything special that I did. It was where I decided to position |
| 1:43.0 | myself in the world and the subsequent impact |
| 1:46.0 | that had on what we were doing. There's no one place that's better than another, but I do think |
... |
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