"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 bullshit’: 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.
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. 
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.
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. 
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1 week, 6 days