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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 223: TMBA 223: Things We’d Change if We Started Our Product Business Today

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

🗓️ 19 December 2013

⏱️ 32 minutes

🧾️ Download transcript

Summary

http://www.tropicalmba.com/ecommercemistakes/ http://www.tropicalmba.com/ecommercemistakes/ We’ve been looking back a lot to the beginning of The Valet Spot now that we’ve released the info to the public and realized that although we did a lot right, we screwed up a lot too. We figured with some of the big changes and our growth trajectory coming up, it would be...

Transcript

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0:00.0

Hey, podcast, listener.

0:05.1

Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds,

0:09.7

you are joined by thousands of entrepreneurs from all around the globe seeking to grow better,

0:14.9

more profitable, location independent businesses.

0:17.8

If you'd like to learn more about what we do and download our entire back catalog, check out

0:23.5

Tropical MBA.com.

0:30.3

Yeah, buddy, happy Thursday morning.

0:31.8

It's the Tropical MBA podcast.

0:34.1

I'm joined by my man in Amsterdam.

0:36.2

Welcome to the program, Ian.

0:37.2

How are you doing, brother? Doing well, man. Doing well. I don't know why I by my man in Amsterdam. Welcome to the program, Ian. How are you doing,

0:37.7

brother? Doing well, man. Doing well. I don't know why I decided to come to Amsterdam in the

0:42.1

winter, but I did. Hey, speaking of our team members moving around, Taylor is in San Diego,

0:50.6

found some, I guess some problems with our Valley Up product. Could you share some of the lessons that we learned from Taylor, his first week on the scene?

0:57.9

Problems. I mean, geez. What isn't wrong? It's a brand new software startup. Yeah, so Taylor decided with us that it would make sense to go to San Diego and work with some of our early adopters there and really build out this software.

1:11.7

You know, we had essentially been creating it in a vacuum, Dan, over the last six months.

1:15.8

I think we had a decent MVP, but man, the difference it makes for us to be on the phone

1:21.2

and interacting with our customers on site has just been a game changer.

1:25.0

I can already tell version two is going to be 10 times better

1:28.7

than what we designed in the vacuum. And I'm sure listeners can relate to this. It's just crazy

1:33.3

how many assumptions you need to make at the beginning of a business. This is where the trough of

1:38.8

sorrow really begins because at the beginning you have your product or you have your salespies.

...

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