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.
TMBA 679: News Updates + “The Number”
On a recent show Dan and Ian touched on ‘the lifestyle ladder’, and what different levels of personal wealth can mean in your life. Following that they received an interesting email from today’s guest Matt Paulson who today shares why he’s found that achieving substantial personal wealth raises fundamental questions about how you want to spend that money, especially in relation to assessing investment opportunities, raising a family and contributing to a community you value:
“My strategy is to create as normal of a childhood as possible for my children. So our house cost half a million dollars … I walk my kids to elementary school every morning. We fly private sometimes, we stay in fancier hotel rooms but the day to day is pretty normal .. I think if I can not set unrealistic expectations about what life is like when they're young, they'll carry over to when they're adults”.
Dan and Ian also discuss the incredible opportunities opened up by the recently launched Open AI tool ChatGPT, and some exciting news about their latest product DC Scale, created out of their own frustrations establishing operational management systems within their own businesses.
TMBA 678: Evolving An Agency, With SaaS Mistakes Along The Way
When Johnathan Solorzano, founder of Solo Media Group, joined us on the podcast just over two years ago his agency focused on broad ‘white label work’, which he aptly described as ‘doing all the work and then someone else passes it off as their own’. Today, through what he learnt from doing that, he’s niched Solo Media to focus entirely on Shopify clients.
Jonathan talks to Dan about how this evolution has provided him with a much more stable portfolio and revenue, and also why he feels ‘got distracted’ and wasted a year trying to develop some ‘Software as a Service’ products.
He also discusses how creating a social media presence has helped his personal and agency profile, and why you don’t need to have thousands of followers to achieve that:
“I’m not doing it for clicks. I'm not doing it for likes, and I'm not doing it for followers. I’m literally doing it to answer questions that I know people have. So some of my videos are like, ‘Whoa, this was like a $20,000 question’. If the right person sees this and sees they can save so much money .. To me, that's enough.”
TMBA 677: Digital Nomad Cities for 2023 and Choosing Between ‘Scaling Up’ And ‘Traction’
Some call it ‘revenge travel’, others just call it ‘getting back to normal’ but people in the location independent community are, for sure, hitting the road again. In this week’s show, Dan and Ian look at what factors feed into creating ‘digital nomad hotspots’, and the possible new emerging cities suggested by listeners of this podcast, and members of the ‘Dynamite Circle’.
They also discuss how they are going about implementing systems in their newest business, ‘Dynamite Jobs’, the pros and cons of those prescribed by ‘Traction’ and ‘Scaling Up’, and why they chose to work with a facilitator:
‘We did some of the exercises wrong. It's not that we didn't understand them. But maybe we didn't understand the intent and how they fit into the bigger part of the picture. So I found it really helpful to do the exercises with someone because we were exposed to a bunch of exercises, and now we get to pick and choose based on the way that we filled it out. So I felt, in a lot of ways, we condensed it by having a facilitator help us’.
TMBA 676: Let’s Talk About DCBKK2022
It’s been three long years since DC members were able to gather in Bangkok to share great food, experiences and talk business. And DCBKK2022, our ten year anniversary event, with almost 400 attendees, was not only our biggest event but also such a blast.
So this week Dan, Ian and Jeff Pecaro get together to talk about not only the highlights of DCBKK20220 - one of which was definitely a 100 strong Tuk Tuk parade which ferried people through the streets of Bangkok to the closing party - but also takeaways, trends spotting from the conference floor, and things that are up for improvement next year:
“We're always gonna have speakers, we're always gonna have meetups, we're always gonna have presenters, we're always gonna have structured conversations. But one of the pieces of feedback that we've been getting for years is: how can we bring people together to just do things?”
TMBA 675: The Art of Personal Blogging Redux
There are big changes in the wind at Twitter, with Elon Musk suggesting he might further open the platform to longer form pieces, and also paid content. Might this open up greater opportunities for those with established blogs, or looking to start one?
On today’s show we revisit a favorite episode from our back catalogue focused on personal blogging and what it means to write on the internet. And to help tell this story, which is close to his heart, Dan invited two writers who both have a long and rich experience in the blogging space.
Taylor Pearson has been a frequent guest and contributor on this podcast. He is the author of The End of Jobs, and he runs an excellent blog on his website.
Amanda Cook is an author, a podcaster, herbalist, and the founder of a business called Wellpreneur. Over the years, she has published online about a wide variety of projects, but the one consistent thing is that she’s always had an excellent blog, which you can find at AmandaCook.me.
Join us for this round table discussion about the past and future of blogging on the internet, tips for those starting out with a personal blog, some of our favorite blogs to read today, and so much more.
TMBA 674: Going Viral For Saying ‘I Live Better In Thailand Than I Did In The U.S.’
When Jesse Schoberg, Co-founder of DropIn Blog, shared his thoughts about the huge benefits of living in Bangkok with CNBC, as part of their ‘Make It’ series, he had no idea it would go viral - both inside Thailand and abroad.
The piece, titled ‘I live better in Thailand than I did in the U.S. — here’s how much it costs’ received lots of appreciation but also a stream of more negative comments from some members of the backpacking and expat retiree communities. They criticised how much Jesse chooses to spend on accommodation, food and travel in a place often seen as a mecca for cheap living.
“A lot of people were like, ‘Oh, for $8,000 a month, you can live anywhere … no, you cannot live like we live here in New York, which is an equivalent city, for $8,000 a month. When we were in New York recently, the apartment we were staying in was a small studio, and it was $4,200 or $4,400 a month. It was nothing near the type of service or quality that we would get in Bangkok for much less.”
On today’s show Dan and Ian talk to Jesse about why he decided to participate in the series in the first place, the very different reaction he received from the Thai audience and some possible reasons why ‘spend shaming’ exists.
Came across the interview with Sam @ Financial Samurai - loved it. Thanks for hosting!
Fantastic podcast! Dan has been around forever and is one of the first people I started following in 2009. I see the longevity! -Sam
Best Podcast Ever
This is the absolute best podcast I’ve ever listened to. I highly recommend it to anyone.