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

This week, Dan continues delving into the world of coaching with a story about one company that provides highly paid professionals with a low-stress way to earn a living in the sunset phase of their careers.


Dan also interviews Sarah Weaver, a real estate investor and entrepreneur, who has achieved an impressive monthly cash flow of over $10,000 from her real estate portfolio in under five years.


Join us to glean insights from Sarah's journey, as she shares strategies for cash-flowing retirement through smart real estate investments. Sarah talks about how she bought 19 properties, the six metrics she evaluates before investing in a specific city, building a brand around her experience, and more.


Dan & Ian’s Stuff:
The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Show notes:
(00:00:56) Intro
(00:01:14) The DC Black event is happening now
(00:01:44) A new Mexico event
(00:02:30) Loom use cases for async companies
(00:07:13) Ways to generate cash flow
(00:10:15) The steps to 10K+ cash flow per month from rental properties
(00:11:59) Cash flow investing vs appreciation investing
(00:14:17) What metrics to look at before you invest in property
(00:25:30) Don’t meet your heroes, get paid by them
(00:28:43) House hacking from abroad
(00:29:38) Building a brand around your personal experience
(00:37:49) How to skip right past imposter syndrome
(00:39:44) Mistakes people often make in real estate investing
(00:41:53) The no-brainer bucket list experience you should go on


Links:


- Dcbkk recap
- The Upwork Hustle w/ Sam Hill
- CEO Coaching International
- www.sarahdweaver.com
- 30 Day Stay. Use SARAH for 10% off.


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber


Additional episodes you might enjoy:


What is the Michael Jordan of Business Models?


Dissecting the American Dream & Business Lessons from the Elon Musk Bio


Mailbag: Hang-ups, Power-ups, and Cheat Codes for Entrepreneurs

All we can say is that it’s extremely powerful and extremely profitable. Dan and Ian nerd out on what might be the GOAT business model of all time.


They analyze some of the best examples of said business model, and talk about ways that you can rip, pivot, and jam these ideas for your own business.


Plus, two books you should pick up that Dan simply couldn’t put down.


Dan & Ian’s Stuff:
The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Show notes


(00:00:45) Intro
(00:03:11) What do you think of our vacation policy?
(00:05:01) The GOAT business model with extremely high margins
(00:09:08) The businesses doing this amazingly well
(00:32:11) Why now is the best time to implement this strategy
(00:42:00) Two books you should read over the holiday


Links:



Our PTO policy
Traction
Scaling Up
Rachel Rogers
IFS
Superintelligence by Nick Bostrom
The Ride of a Lifetime - Robert Iger


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter


Additional episodes you might enjoy:


Mailbag: Hang-ups, Power-ups, and Cheat Codes for Entrepreneurs


The Freedom Line, 7+ Figure Founders, and Extended DCBKK Recap


How to Build an AI Startup with Jodie Cook

Dan & Ian open up the metaphorical mailbag to answer some listener questions.


They reveal cheat codes for bootstrappers and how to activate them, the top reasons people can’t scale to 7+ figures, and the difference between F U money and Freedom Line money.


All that and more, including a big announcement regarding Ian’s car collection.


Dan & Ian’s Stuff:
The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Show notes:


(00:01:08) Intro
(00:02:42) The major ways people fail to scale their business beyond 6 figures
(00:18:44) The Cheat code for entrepreneurs
(00:30:22) What do you do with the F U money
(00:39:09) How to get the most out of a business community
(00:43:02) The community space has changed… sort of
(00:46:48) What’s next for our community
(00:48:27) Power ups for entrepreneurs
(00:52:31) Dan’s definition of an entrepreneur
(00:55:51) It always comes back to the entrepreneur-mobile


Links:



[Before the Exit](- Before the Exit)


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter


Additional episodes you might enjoy:


[4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership](4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership)


[Dissecting the American Dream & Business Lessons from the Elon Musk Bio](Dissecting the American Dream & Business Lessons from the Elon Musk Bio)


[Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits](Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural)

This week Dan & Ian talk about a topic that came up countless times at this year’s DCBKK: Whether to exit or stay in your business.


They’ll revisit frameworks from their book Before The Exit and discuss how to figure out what's best for your business.


After that, Dan chats with DCBKK Master of Ceremonies Adam Palmeter about his experience at this year’s event compared to years past.


Dan & Ian’s Stuff:


The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Links:



Apply for DC Black
DCBKK Recap Video
Sam Corcos on Tim Ferriss
Adam Palmeter


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Dana Lindahl, Anthony Fasano, Adam Palmeter


Additional episodes you might enjoy:


Insights from DCBKK 2023: The UI vs API of a Location, How Bootstrappers Are Getting Wealthy, 2024 Business Strategy, and More


5 Things Founders Often Misunderstand about Exiting Their Business


Dissecting the American Dream & Business Lessons from the Elon Musk Bio

Dan & Ian are back in Austin and have fully recovered from what was the biggest event in DC history: DCBKK 2023.


Over 400 entrepreneurs gathered in the world-class city of Bangkok to swap stories, participate in masterminds, and fuel each other to reach new business heights in 2024.


In the episode, they covered many topics, including a framework for analyzing locations by their UI versus API, why Thailand's UI beats America, and what’s next for DC Black, a community for 7 & 8-figure founders.


Dan & Ian also share their biggest conference takeaways, some of their business strategy for 2024, and three trends happening in the community and the industry at large.


Stick around for some of their favorite stories from DCBKK 2023.


Dan & Ian’s Stuff:
The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Show notes:


(00:01:42) Intro
(00:02:32) The UI vs API of a location
(00:15:06) DC Black re-opens
(00:19:09) Conference woes and funny stories
(00:24:14) Pulling the CEO card backfires
(00:32:39) We have a branding problem
(00:35:27) We had the horsepower to run an epic event
(00:36:40) The space is more competitive than ever
(00:39:35) Increased financialization in the bootstrapping space
(00:43:58) It’s time for the 3,000 day principle
(00:48:15) Favorite DCBKK stories


Links:



Apply for DC Black
Does the American Dream Still Make Sense?
What’s Up With Austin?


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber


Additional episodes you might enjoy:


4 types of business coaches for 7+ figure founders and reflecting on our 15-year partnership


Dissecting the American Dream & Business Lessons from the Elon Musk Bio


Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits

This week, Dan is joined by a listener who wrote in with some compelling insights on community, camaraderie, and what it takes to be a successful entrepreneur.


Anthony Fosano, founder of Engineering Management Institute, built a 7-figure brand with a coaching business and a YouTube and podcast network that has garnered over 3 million downloads.


They cover many topics like how to leverage skills and resources from your full-time job to start your own business, how to build a business around a very niche audience, and why many entrepreneurs might find themselves coming “full circle” in search of community.


Dan & Ian’s Stuff:


The Newsletter
“The DC”
DC Black
Global events
Hire remote talent
Find a remote job
Listen on YouTube
Follow on Instagram
@TropicalMBA
@AnythingIan


Show notes


(00:01:07) Intro
(00:03:43) Start a business using your existing skills
(00:08:18) Start the hustle before you quit your day job
(00:11:51) Build for scale from the get-go
(00:14:41) Playing the podcast long game
(00:16:52) Make sure your brand represents the right audience
(00:23:00) What playing sports says about us as entrepreneurs
(00:33:02) What it takes to be successful


Links:



Engineering Management Institute
Engineer your own success
The Good Life
The Score Takes Care of Itself


Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Anthony Fasano


Additional episodes you might enjoy:


Hyper Niche Business Ideas with Big End Game Potential
Dissecting the American Dream & Business Lessons from the Elon Musk Bio
Brian Balfour’s $33M Growth Insights: Product-Market Fit, Durability, & Knowing Your Natural Limits