TMBA508: The 4,000 Day Rule
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 29 August 2019
⏱️ 43 minutes
🧾️ Download transcript
Summary
Dan and Ian are well aware that the entrepreneurial journey isn't made up entirely of success stories.
Many entrepreneurs listening to this podcast are struggling right now.
They might be on the fence about becoming an entrepreneur or reconsidering their decision to become one in the first place.
We've talked many times on this podcast about the "1,000 Day Rule"; this idea that it takes roughly 1,000 days of serious hard work to replace the money that you make from your job.
Anders Ronnau recently posted in our private community The Dynamite Circle about his own twist on this idea, which he calls "The 4,000 Day Rule".
He proposes that after 4,000 days, or roughly ten years, if you haven't had meaningful success building a business for yourself, then you probably need to get a job.
We've invited Anders on to the show this week to talk about that rule and to share his own story about how running a business isolated him, and why he ultimately decided he needed to stop being an entrepreneur.
Transcript
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| 0:00.0 | I was always thinking about the next thing, like what I wanted to do when this business was up and running on its own, so that I could get to build a new business that I really liked. |
| 0:15.8 | Hey, podcast listener. Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, you are joined by thousands of entrepreneurs from all around the |
| 0:25.3 | globe seeking to grow better, more profitable, location independent businesses. If you'd like to |
| 0:30.6 | learn more about what we do and download our entire back catalog, check out tropical MBA.com. |
| 0:45.1 | Hey, everybody. |
| 0:46.2 | Welcome back to the podcast. |
| 0:47.7 | Happy Thursday. |
| 0:48.5 | Do stick around to the end of this pod where I'll invite the boss man onto the |
| 0:53.5 | mic to do some rock, some reviews and some |
| 0:57.4 | news of which there is some. Today's episode, I really hope, can be inspiring and interesting |
| 1:03.6 | to those of you who fear making the leap into entrepreneurship. And also for those of you who are maybe |
| 1:10.0 | considering you questioning that |
| 1:12.5 | moved entrepreneurship, maybe you've thought about going back to a job. And also there's another |
| 1:18.9 | category of us. Those of us who are just hanging on to entrepreneurship by a thread. |
| 1:23.7 | I think today's episode can be inspiring to you. So let's dig into it. The other day, |
| 1:29.3 | I'm surfing through our forum, the Dynamite Circle or the DC. And there was a thread |
| 1:35.8 | entitled The 4,000 Day Rule, Subtitle, If it's still not working, get a job. So we've mentioned |
| 1:43.2 | the thousand day rule in this pod many, |
| 1:45.0 | many times, but it's basically this, that based on our experience, it'll take you about three |
| 1:50.4 | years or a thousand days, a full-time effort to replace the income you were once making at your job |
| 1:56.4 | in a business that you own. And part of the reason we came up with that idea is not only that we |
| 2:02.8 | saw it many times, is but to put this sort of truth across that if you're just piddling around |
... |
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