Episode 313: TMBA313: Should I Cut Bait On This Business?

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

4.9 • 527 Ratings

🗓️ 3 December 2015

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

http://www.tropicalmba.com/cutbait2/ Starting out as an entrepreneur can be scary – but it’s exhilarating and rewarding too. In the first part of series of episodes about the ‘different stages of the entrepreneurial journey’, Dan and Ian revisit some advice they gave Kiri Masters who, in 2013, was still in her day job as a highly successful corporate player whilst struggling to set up a business that would give her the lifestyle and kind of satisfaction that she felt she was missing.

What advice did Dan and Ian give Kiri? Did she follow it? What's happening with her business today?

Transcript

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0:00.0	The podcast that I called in a couple of years ago went to cut bait. I re-listened to it yesterday
0:06.2	just to kind of refresh my memory about the whole story and at the time where I was and what
0:11.2	the advice that you guys gave me. That gory story, the one we got the voicemail about, was about
0:17.0	whether to cut bait or soldier on. We've all been in really difficult moments in our business
0:22.6	where we were to ask ourselves,
0:23.8	is this worth it?
0:25.4	Should I keep going?
0:26.8	And that's the theme of today's episode.
0:29.7	Plus the advice that we gave,
0:31.3	well, one of us ended up being very wrong.
0:34.1	And I'm not going to give you a hint about who it is,
0:36.0	but I'm feeling pretty good
0:37.5	about my chances.
0:41.9	Hey, podcast listener. Even if you are alone in your entrepreneurial journey, know that today,
0:46.6	right now in your earbuds, you are joined by thousands of entrepreneurs from all around the
0:51.2	globe seeking to grow better, more profitable, location-independent businesses.
0:56.0	If you'd like to learn more about what we do and download our entire back catalog, check out tropical MBA.com.
1:08.0	Hey, Ian, do you remember episode 222?
1:15.2	No, you are the only one with that superpower.
1:18.6	It was the episode with Keri Masters that asked about the do-it-yourself lampshade kits.
1:25.2	Ah, yeah, yeah, okay.
1:26.9	I do remember that, and I actually spoke with her at DCBKK this year,. Ah, yeah, yeah. Okay. I do remember that and I actually spoke with her at
	...

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