TMBA535: Bringing Your Remote Team Together
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 5 March 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
One of the biggest challenges of running a remote team is communication.
After all, "watercooler conversations" rarely happen when your team is scattered across the globe.
Joe Magnotti is the co-founder of Empire Flippers, a marketplace for buying and selling online businesses.
Together with his partner Justin Cooke, they have built a team of over 70 people who are entirely location independent and are located all over the world.
Joe joins us on today's podcast to talk about his experience managing a remote team, and how holding twice-annual team retreats has been paramount to the success of Empire Flippers.
Transcript
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| 0:00.0 | Hey podcast, listener. |
| 0:04.9 | 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 tropical MBA.com. |
| 0:32.1 | Happy Thursday morning, everybody. Welcome back to the podcast. |
| 0:35.4 | Of course, this is the podcast where we believe building a small agile cash generating asset that you control is the way to retire early |
| 0:43.1 | or not retire at all. Are you starting to get on this fire movement thing? I don't think we've |
| 0:48.2 | ever said anything like retire early before on this show. Is that your plan now? Are you moving |
| 0:52.6 | over to the other side? I'm just doing a pivot, |
| 0:54.4 | man. Today, we are going to talk about one of the most challenging and rewarding elements. |
| 1:01.2 | And in a weird way, one of the most off-putting elements of building a small cash generating |
| 1:06.7 | asset, you're going to have to hire and cultivate staff. Now, a lot of people look at this |
| 1:12.7 | and say, oh, that's not for me. That's not something I want to do. That's not something I can do. |
| 1:17.2 | I challenge anybody who thinks like that. Like, this stuff is so much easier and so much more rewarding |
| 1:22.1 | than the alternate paths, which is like working the same job for 20 years. Bottom line, if you want to grow a |
| 1:29.2 | profitable business, you're going to have to get some people involved. Most people, Dan, |
| 1:32.8 | they just say like, it's not for me. I'm not a good manager. I mean, how many times |
| 1:36.7 | over the last 10 years have you heard that before from someone single operators that say, |
| 1:42.4 | it's not for me, I can't do it, I'm not good at managing people, |
| 1:46.0 | I don't trust them, things like this. |
| 1:48.3 | Who are the people who come out of the womb saying, you know what I'm good at? |
... |
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