Author Archives: will

Should You Base Yourself in Andorra or Panama?

TMBA386: Should You Base Yourself in Andorra or Panama?

Date: 2017-04-27

Link: Tropical MBA

 

Tropical MBAAustin has the highest density of entrepreneurs doing interesting things (in a place that is) accessible.

Andorra is a small country between Spain and France.

France and Spain have economic problems.

Andorra has a really clear residency program.

Panama is the most cosmopolitan place in Central America.

The Panama Canal is the world’s greatest shortcut. It changed the world of trade.

A lot of people are complacent everywhere.

To Headquarter or Not to Headquarter?

TMBA385: To Headquarter or Not to Headquarter?

Date: 2017-04-20

Link: Tropical MBA

 

Leases make you take too much space for too long in a world where you cannot predict anything.

There are some people who are foxes (has many things and moves between topics) and some people that are hedgehogs (has one big thing).

Most of the world are not startups.

The story of the last 125 years is a story of urbanization.

Cities are 24/7 integrated lifestyle spaces.

Are You an Imposter?

TMBA384: Are You an Imposter?

Date: 2017-04-13

Link: Tropical MBA

 

If you want your business to be at all successful you need to be able to ignore the shit.

It is human nature to want to think we are the reason (our business) is successful rather than being in the right place at the right time.

Do not measure yourself against others.

Brent Beshore and the 50 Year Private Equity Plan

TMBA383: Brent Beshore and the 50 Year Private Equity Plan

Date: 2017-04-06

Link: Tropical MBA

 

Tropical MBAA Monte Carlo simulation is a great way to assess risk.

There are three sides to equity. One is control.

Treat people really, really well.

Do things the right way.

Do not get involved in companies that are filled with challenging people or challenging situations.

Give people grace when they screw up.

Look for signals that there is something sustainable (when looking at a company). Is there a moat there?

As a seller you need to understand who is buying the business.

Running a business is like being in a pressure cooker.

Synergies are talked about a lot but very rarely realized.

A Conversation with Cal Newport

TMBA381: A Conversation with Cal Newport

Date: 2017-03-23

Link: Tropical MBA

 

Tropical MBAInspiration is for amateurs.

Creative production at the professional level is crafting.

The more intense (the hours are) the more you will get out of them.

It takes a lot of self reflection to think about how we want to move forward and use new technologies. We often don’t get it right the first time around.

We are getting the role of communication wrong in the workplace.

We should be more suspicious of the major social media companies.

True productivity is ultimately what matters.

The advice, “follow your passion”, fails because it presumes that people have pre-existing passions that they can identify as a foundation for making career choices.

Most young people…don’t have much information about the jobs out there…and what is possible.

What makes you love your work is very different from what makes you love a hobby.

Professional success is hard but it is not complicated.

Work will expand to fill whatever space you give it.

Who Is Tracking You?

TMBA380: Who Is Tracking You?

Date: 2017-03-16

Link: Tropical MBA

 

The best ideas come from scratching your own itch.

You have to be very careful installing Chrome extensions.

Getting users and getting traction is really challenging.

Just because you built something doesn’t mean you can run it.

A Conversation With Jordan Harbinger

TMBA379: A Conversation With Jordan Harbinger

Date: 2017-03-09

Link: Tropical MBA

 

Tropical MBADon’t think of your clients as numbers on a spreadsheet. Help people and build a brand.

The customer comes first. The best product to sell to your customers is your product (rather than an affiliate deal).

You should only broadcast if it is a labor of love and you don’t care if anybody is listening.

Podcasting is your voice and your brand.

(With podcasting) you’re creating a job for yourself.

People that make money talk about creating art and people that create art talk about making money.

Word of mouth is still one of the best, and only, ways to hear about other (podcasts).

How Does Your Business Feel?

TMBA377: How Does Your Business Feel?

Date: 2017-02-23

Link: Tropical MBA

 

The way to make the most sales is to sale as hard as you can but that isn’t true over the long term.

If you build an audience that trusts you you can always find a way to monetize it down the line.

Try to grow in a sustainable way.

You don’t have to look at every customer as a number and an opportunity to make money.