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Tropical MBA: Entrepreneurship & Founder Lifestyle

TMBA484: 5 Things We’ve Learned From Running a New Business for 6 Months

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

🗓️ 14 March 2019

⏱️ 48 minutes

🧾️ Download transcript

Summary

A lot of our listeners have been reaching out to us lately to ask about Dan and Ian's newest business venture, Dynamite Jobs.

They have been running the business for the past six months, and it is still very much in the early stages.

As the business has grown and changed over that time, they've learned a lot of things that they didn't expect.

On today's podcast, we're sharing five things that we have learned in the last six months of running a new productized services business.

Later on in the episode, we'll be discussing some specific numbers, goals, and takeaways from the first six months of Dynamite Jobs. You'll also hear three reasons why we think the remote hiring process isn't working for a lot of entrepreneurs.

Transcript

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0:00.0

Well, wouldn't it be nice?

0:01.3

You know?

0:01.9

Well, wouldn't it be nicest? Don't generally pay the bills. When you get down to it, it's like, wouldn't it be nice if we met our customers' needs? That's the second part of that sentence, right? Instead of like, wouldn't it be nice if my idea made it out into the world? That's the product that never makes any money.

0:22.3

Hey, podcast listener.

0:24.8

Even if you are alone in your entrepreneurial journey,

0:26.8

know that today, right now in your earbuds,

0:29.3

you are joined by thousands of entrepreneurs from all around the globe

0:30.6

seeking to grow better, more profitable,

0:33.4

location-independent businesses.

0:35.2

If you'd like to learn more about what we do

0:37.2

and download our

0:38.3

entire back catalog, check out tropical MBA.com.

0:48.3

All right, welcome back to the podcast, Bossman. Are you Audible? I am audible. Here I am.

0:56.0

We are going to talk about today five insights that we've had from running our new company

1:01.9

for the past, I would say six months. Six months is a time frame where we've been taking

1:07.7

dynamite jobs seriously. Do you think that's fair? Well, in the beginning, you just don't know, right? And I think we still just don't know. We started to pour some more gasoline on it, started to put some more resources into it, started to get some more information. So, you know, the Seth Godin dip, we're still like very much falling off a cliff.

1:27.8

Yeah.

1:28.3

I mean, we're not even in the dip, dude.

1:30.6

We're in early days not making much money, trying to figure out what's what.

1:36.3

We are going to share some five of the what's, so to speak, five things that we've realized

1:42.1

about starting a productized service from scratch.

1:46.3

And after we do that, we're going to talk about three thoughts on how the remote hiring

...

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