300 episodes

The Tropical MBA Podcast aims to show you the inside story of the people who are building "micro-multinational" businesses while they travel the world. We are interested in entrepreneurship, travel, internationalization, and personal freedom. Join 1,000's of listeners from all around the world, every Thursday morning.

The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle Dan Andrews; Ian Schoen

    • Entrepreneurship

The Tropical MBA Podcast aims to show you the inside story of the people who are building "micro-multinational" businesses while they travel the world. We are interested in entrepreneurship, travel, internationalization, and personal freedom. Join 1,000's of listeners from all around the world, every Thursday morning.

    TMBA547: How Coronavirus is Disrupting the Events Industry

    TMBA547: How Coronavirus is Disrupting the Events Industry

    Here at the TropicalMBA podcast we have been inspired and motivated by the stories of resilience and adaptation that you’ve been sending us.


    One such story that we received recently resonated strongly with us, in part because it was about an industry that we have been working in for years.


    William Griggs created Virtual Reality Rental just over four years ago.


    He built a ten-person team that brought VR experiences to conferences, parties, and other corporate events across the United States.


    Then COVID-19 struck and it all collapsed literally overnight, forcing him to reduce his staff by more than half.


    William joins us today to share his strategy for waiting out the current uncertainty in the events industry, and how he's challenging his remaining team to grow into the new roles that are necessary for these times.

    • 49 min
    TMBA546: Adjusting to the 'New Normal'

    TMBA546: Adjusting to the 'New Normal'

    What do you do when you lose over half your Annual Recurring Revenue and test positive for Coronavirus, all within 48 hours?


    Jim Huffman described this exact experience in a post on his personal blog titled "The Hardest Day of My Career".


    Jim is the CEO of GrowthHit and co-creator of FunnelTeardowns, and when we discovered his blog post we knew we had to talk to him.


    Jim joins us on today's podcast to share his insights on how to create a successful marketing agency that aligns with your lifestyle, the strategies he deployed to save his company after facing such a dramatic event, and his plans for the future in the 'new normal'.

    • 55 min
    TMBA545: Is Dropshipping Still a Valid Business Model?

    TMBA545: Is Dropshipping Still a Valid Business Model?

    "Dropshipping" is one of the most used and abused terms in Digital Nomad circles.


    It refers to the practice of selling items without keeping inventory on hand, relying instead on a third-party manufacturer to ship the items directly to the customer.


    The term recently reached a much broader audience through a widely-shared piece in Wired magazine by Sirin Kale titled “‘It’s b******t’: Inside the weird, get-rich-quick world of dropshipping”.


    On today's podcast, Dan and Ian weigh in with some of their own thoughts about the article, whether dropshipping can be used to create long-term success, and the pros and cons of the business model itself.

    • 42 min
    TMBA544: Should You Hire a General Manager?

    TMBA544: Should You Hire a General Manager?

    In our book Before the Exit, we reflected on many 'thought experiments' that we wished we had run before we sold our business in 2015.


    One of those experiments was called 'The Mediocre CEO Test', which questioned whether it was smarter to hire someone to run your business than it was to sell it.


    Today's guest did just that.


    JP Ji is the founder of Pro Teeth Guard, an eCommerce business that manufactures custom dental mouth guards.


    When JP decided to shift his focus away from Pro Teeth Guard, he chose to hire a General Manager to take over the day-day-day operations of the business.


    In today's podcast, you'll hear why JP decided to hire a general manager, the challenges of finding the right candidate, and why that relationship ultimately didn't pan out. 

    • 43 min
    TMBA543: Taking the Entrepreneurial Leap

    TMBA543: Taking the Entrepreneurial Leap

    One of the most widely read and recommended books about business management is Gino Wickman’s 'Traction'.


    When Gino’s team reached out to say that he had a new book coming out that was aimed at helping would-be and early-stage entrepreneurs, we jumped at the opportunity to invite Gino on to the podcast to talk about it.


    On today's podcast, Ian sits down with Gino to discuss the ideas raised in his new book, ‘Entrepreneurial Leap’.


    In this wide-ranging conversation, you'll hear Gino's thoughts on the value of going to college, whether you should be following the passion or the money, and why not everyone is cut out to be an entrepreneur.

    • 48 min
    TMBA542: The Entrepreneurmobile Revisited

    TMBA542: The Entrepreneurmobile Revisited

    Whether you’re saving a runway for a new business, or you need to cut your expenses to the bone due to the current economic climate, we know a lot of people are being forced to make some difficult financial decisions right now. 


    On today's podcast, we are revisiting one of our most popular concepts, and something that we've discussed many times over the years as a sure-fire way for an entrepreneur to live a little more frugally.


    We're talking once again about the "Entrepreneurmobile", or how you can get a reliable car that is generally inexpensive to maintain and fix, and that can save you a lot of money. 


    In this episode, we take a comprehensive look at what makes a great Entrepreneurmobile, which cars you should avoid, 10 cars that are great deals under $10K, and some luxury vehicles that are extremely affordable as well. 

    • 54 min

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