PopUp Business School - The Right Way to Start a Business

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 22 November 2016

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I just returned from a fantastic week at the annual Chautauqua event in Ecuador.

This was my second Chautauqua and just like last year, it exceeded all expectations.

It’s amazing what can happen when you put a bunch of interesting, intelligent people in a gorgeous 17th century hacienda (located at the foot of an extinct volcano) for a week.

At this year's event, an attendee named Alan gave an impromptu presentation about why and how you should start a business and since it fit perfectly with the week's other discussions about financial independence and happiness, I knew I had to get him on the podcast.

Since leaving my job in August, I’ve realized how important it is to have something meaningful to work on to fill the void after leaving your career so I think creating your own business is something everyone should consider.

A side business can not only help ease the transition to early retirement, it can reduce the pressure on your portfolio after you quit and it can even help you reach FI sooner so listen to today’s episode to find out the right way to get started!

Highlights:

Takeaways and surprises from the Chautauqua in Ecuador
Why you should do work you love
How NOT to start a business
Why entrepreneurship doesn’t have to be risky
How to start a business for free
The importance of selling your value before you create it
Why you need to just get started

Transcript

Click on a timestamp to play from that location

0:00.0	I'm blind to give you a winner. Finance.
0:05.0	Hey, everybody to the Financial Independence Podcast, the podcast all about financial independence
0:09.9	and early retirement.
0:11.7	On today's show I'm excited to introduce Alan from pop-op-business school.
0:14.9	Go. UK. I actually had the pleasure of meeting Alan just a couple weeks ago in Ecuador
0:20.6	for the annual Chitaco event and Alan was an attendee but he offered to give a presentation
0:27.2	on how to start a business and it was fantastic. It fit perfectly in with all the other presentations of the week and it helped answer one of the
0:39.2	biggest questions people have about financial independence and early retirement and that is, you know, what do I do next?
0:45.1	And that's an incredibly important question to ask and answer and that's something that I've found
0:50.4	over the last three months since I quit my job at how important that is and how important
0:54.8	it is to have something that you're working towards and that you're working on.
1:00.8	So I'm really excited to get him on the show to talk about not only why you should start a business, but how and how you should do so in a way that doesn't jeopardize your pursuit of financial independence and actually could help speed up your journey getting there.
1:15.8	So without further delay, Alan, thanks a lot for being here, I appreciate it.
1:19.8	It's my pleasure I've been looking forward to this.
1:21.8	Yeah, so we, uh we just a week ago we just got
1:25.9	back from a ridiculously incredible week we had in Ecuador for the Chautauqua. So yeah, how did you find the experience?
1:38.1	It was an incredible experience. Katie, my wife and I came and just to be sat in a 16th century Hasiander talking to Triple M, you, Jim Collins,
1:50.0	and discussing our future financial independence and all that sort of stuff was just an
1:57.1	amazing week.
1:58.1	Oh it was, it was, it exceeded all my expectations as well.
2:02.0	Was it what you expected or was it quite different?
2:06.1	I think the biggest difference from what I expected was that there was less of a focus on the pure mechanics and maths and strategies of how to get to
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Mad Fientist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Mad Fientist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.