Should You Base Yourself in Eastern Europe?

TMBA376: Should You Base Yourself in Eastern Europe?

Date: 2017-02-16

Link: Tropical MBA

 

You have to continue to evolve.

(In Georgia) the people are friendly in an Eastern European way. You need to get to know them a bit before they become extremely hospitable and very friendly.

For a lot of Western countries, including America, you can stay for 90 days out of 180.

In Budapest it is relatively easy to get a residency permit. It is a visa that allows you to stay for an extended period of time.

Lawyers aren’t all bad. They can offer you strategic guidance.

How 100s Of Young Entrepreneurs are Making Generational Wealth in Less Than 5 Years

TMBA375: How 100s Of Young Entrepreneurs are Making Generational Wealth in Less Than 5 Years

Date: 2017-02-09

Link: Tropical MBA

 

The Amazon ecosystem is creating many, many wealth entrepreneurs.

These site rely on being first in Google.

If you are going to manipulate your links you want it to look as natural as possible to Google.

A lot of discussion happens in a handful of Facebook groups around the Amazon affiliate model.

Finding the smaller, low-competition keywords is becoming more difficult.

Deconstruct who is in the top ten (of Google results) and look at the authority of those websites. See what links those sites have got to work out if you can actually compete with that.

Are You An Entrepreneurial Person?

TMBA374: Are You An Entrepreneurial Person?

Date: 2017-02-02

Link: Tropical MBA

 

Tropical MBAYou need to find your own path forward.

Understand what your vision is and go out and achieve it.

It is so much harder to start when you are older.

(Your passion) has to be something that you have a real energy for without an outside influence.

You have to figure out a way to follow your passion while solving problems for other people.

An important part of your passion is figuring out how you can fit into the world.

Hang out with people (doing what you want to do). The dream might not be what you think it is.

Supporting 700+ services w/ Wade Foster

Episode 327 | Supporting 700+ services w/ Wade Foster

Date: 2017-02-14

Link: Startups for the Rest of Us

 

Find forums with people who have a like problem.

(The integration) is so needed that they took the time to write on a forum about it.

Cut off the problem areas before they get big enough to cause a real issue.

As your company grows (as CEO) you have to work harder to get the insights you learned through osmosis in the past.

Should You Base Yourself in Southern Europe?

TMBA373: Should You Base Yourself in Southern Europe?

Date: 2017-01-26

Link: Tropical MBA

 

Tropical MBAYou just have a feeling when you love a place.

Barcelona is the third densest city in Europe. It has a lot of the energy of SE Asia.

If you come from a former colony of Spain you can get citizenship in Spain in two years.

Timezones is a really big factor.

(When being a digital nomad) you spend 25% of your waking hours thinking about how you are going to get to the next country and how you are going to stay there.

If you plan to stay in Portugal you should apply for “non-habitual tax residency”.

(If you want to move to Spain) meet with a minimum of three lawyers. Ideally they would have different backgrounds and styles.

Legal services are surprisingly affordable in Spain.

Building a Local vs. a Remote Team

Episode 326 | Building a Local vs. a Remote Team

Date: 2017-02-07

Link: Startups for the Rest of Us

 

By having a remote team you can hire the best people regardless of location.

You will solve problems faster if you (and your coworkers) are all in the same location.

Governments don’t consider smaller businesses or ones that operate entirely online (when it comes to taxes) because it is not their concern. They have never caught up with the times of doing sales on the Internet.

Be careful hiring employees in any random state.

Not everyone is able to work remotely for sustained periods.

A Conversation with Wait But Why’s Tim Urban

TMBA372: A Conversation with Wait But Why’s Tim Urban

Date: 2017-01-19

Link: Tropical MBA

 

You don’t want to publish really late on Friday afternoon or on the weekend.

Some posts need a lot longer than others.

Over time it becomes a game of learing to hire, culture, and strategy.

A media platform can generate lots and lots of money if it is big enough and in many ways.

What you can cling onto in tough times is trust.

Not many people spend 60 hours writing an article. Those kind of articles are passed around. That model makes you stand out a little bit.

Building a Killer Email Launch Sequence

Episode 325 | Building a Killer Email Launch Sequence

Date: 2017-01-31

Link: Startups for the Rest of Us

 

Startups for the Rest of UsYour opener needs to be really engaging otherwise they won’t keep reading.

Use a lot of “you” words (to talk to the reader).

Add on social proof.

Offer a money back guarantee.

The entire purpose of a sales letter is to move someone from where they are today into the position where they are going to take that next step and become a customer.

The more emails you send the more money you make but you also get more unsubscribes and complaints.

Your offer needs to have a reward and be time-limited.

Do not wait until the day before (your launch) to start writing your emails.

Don’t do launches over the weekend because people are not at their computer as much.

If you don’t send emails, or only send one, it is a 5X or 10X difference in results for your launch.

A solid email list is 20% to 60% open rate.

Should Your Next Employee Be a Mom?

TMBA371: Should Your Next Employee Be a Mom?

Date: 2017-01-12

Link: Tropical MBA

 

Hiremymom.com

Moms are generally very organized and know how to prioritize things.

Moms represent two-thirds of household purchasing decisions.

Most moms are very good at multitasking.

You have to be proactive if you want to hire the right staff.

Idea Validation & Risk Avoidance

Episode 324 | Idea Validation & Risk Avoidance

Date: 2017-01-24

Link: Startups for the Rest of Us

 

Startups for the Rest of UsYou’re never going to be 100% sure (that your product will be a success).

Are you solving a problem that people actually have? If you already have people that prepaid you are probably past this point.

Who are you solving the problem for and who is paying for it? These are often two different people (e.g. a business owner pays for it but the marketing guy uses it)

Are they willing to pay for it?

Who is searching for the answer to this problem? How are they searching?

How hard is it for (a customer) to get value from your product?

What roadblocks are there before (someone can use your product)? How do they get data into it (from their existing systems)?

Your launch day should be your biggest revenue day of your first six to twelve months.

It is easier to enter a market and find a position than it is to enter a whole new market.

Try to find ways to disprove your idea.

It is easy to make assumptions and not realize that.