For the next few weeks, you won't see new episodes because we're taking a short break. We'll be back October 1st. In the meantime, listen back to our catalog of 100 past episodes. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run…

In this episode Chris and Eathan get personal about what's going on in their family lives, their business lives, and their podcast lives. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/runBy Chris and Eathan

If you like the show, please leave a review on Apple Podcasts! Nuggets: Currently there is more aluminum stored in landfills than in the mineral where aluminum is sourced in nature. Not all landfills are created equal. Landfills near industrial areas contain more metals like steel, aluminum, and iron. Jevons Paradox could be leveraged: The paradox …

If you like the show, please leave a review on Apple Podcasts! Action Steps: Investigate current revenue split for concert venues Search for the managers/decision-makers of concerts at large venues Contact them via a cold call, email, or LinkedIn message Offer to run a trial event which you can help them presell a live stream of their upcoming conc…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Many investors who buy a business trip up over simple operational details (e.g. forgetting to renew a domain name). Michael has seen this happen time and again. Action Steps: Generate your opportunity to break into the space: Start a podcast Host an event Connect with recruiter…

If you like the show, please leave a review on Apple Podcasts! Nuggets: The next wave in creative domains is often defined by those who master the tech that disrupt what’s already being done Action Steps: Start by offering AI services that assist writers in tweaking their content (e.g. “overcome writer’s block!”) Then offer a contract to some of th…

If you like the show, please leave a review on Apple Podcasts! Nuggets: If you are entering an industry with long sales cycles, hiring a salesperson with experience and relationships in the industry can move you forward a lot quicker. You can leverage already approved cloud service agreements to short circuit the enterprise sales process Action Ste…

If you like the show, please leave a review on Apple Podcasts! Nuggets: The total addressable market for this idea is over 16 million individuals in the U.S. alone. Action Steps: Partner with member of the community Research applicable grants Links: https://www.packupgo.com/ https://www.cdc.gov/ncbddd/disabilityandhealth/infographic-disability-impa…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Parenting is a secure market! Over 3.5 million births in the US and 140 million worldwide will continue each year. Action Steps: This is a great business idea for an aspiring entrepreneur without an idea but that’s nervous about supporting a growing family. Start with a cohort …

If you like the show, please leave a review on Apple Podcasts! Nuggets: Dave's Cardinal Rule: Always Be Adapting (ABA) Action Steps: 1. Look at user feedback from poorly reviewed competitors in the app store 2. Spend only a few hundred to a few thousand dollars developing a Chrome extension 3. Collect user feedback 4. Expand to other channels like …

If you like the show, please leave a review on Apple Podcasts! Nuggets: When you build a business realize that your community of clients may be more valuable than the money they give you. You can always build additional products and services that they need. But without an audience, you have no business. It’s okay to provide different amounts of com…

If you like the show, please leave a review on Apple Podcasts! Nuggets: You can often dominate a local business niche by implementing current marketing and technology (e.g. residential cleaning) People often get excited about new tech (drones, 3D printing, etc…) but their enthusiasm wavers before the breakthrough tech makes a sizable impact on the …

If you like the show, please leave a review on Apple Podcasts! Nuggets: Plant a lot of seeds in the early stages of your business and see what grows. You may be surprised by the results. Action Steps: Sell the vision to large companies (think IBM, Google, Amazon) in order to get a sponsorship Ask school teachers in your area to send you students th…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Startups like Uber and GreenPal succeeded by giving the common person a top-tier experience Action Steps: Get a job as a concierge in a luxury hotel and note the ingredients essential to a smooth, positive and remarkable check in experience Discover ways to automate the most re…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Aside from the hype, there are many smart people excited about the practical potential of blockchain and NFTs Steveblank.com offers an incredible resource for entrepreneurs There are multi-billion dollar opportunities for companies that help crypto “cross the chasm,” making it …

If you like the show, please leave a review on Apple Podcasts! Nuggets: Successful businesses are incredibly focused. This often manifests as simplicity. When you’ve got high volume you can negotiate credit card fees down to 1% Action Steps: Contact political candidates and pitch them on the benefits of a more transparent fundraising and spending p…

If you like the show, please leave a review on Apple Podcasts! Nuggets: There’s no need to partner with a developer if you haven’t already built a relationship. Agencies encounter great app ideas all the time but don’t have the bandwidth to pursue them. Hire the most expensive resource you can afford. Shopify is rapidly expanding their API access; …

If you like the show, please leave a review on Apple Podcasts! Nuggets: If an idea is doomed to fail, it’s best to find that out as soon as possible. You don’t want to get stuck in the uncertain middle ground Action Steps: Research what happened to defunct trip planning apps (WorldMate, Google Trips, Kayak Trip Huddle) Talk with unsatisfied users o…

If you like the show, please leave a review on Apple Podcasts! Nuggets: The competitor software you create for early adopters may appeal by solving a specific complaint they have about the dominant solution. Later other’s will join just to join the crowd. Action Steps: Investigate why people log in to LinkedIn; prioritize those functions in the new…

If you like the show, please leave a review on Apple Podcasts! Nuggets: You can license an expensive domain name, if you need it for SEO or marketing but don’t have the capital in your business yet. If a client takes advantage of you or your idea gets stolen consider the odds of it happening again before wasting time on reparation or retaliation. A…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Being new to an industry can be an advantage. It allows you to follow a template without getting distracted. Action Steps: Target mid- to top-tier writers and offer to create a high-end podcast for them Court former clients of Book in a Box as your clients and create a success …

If you like the show, please leave a review on Apple Podcasts! Nuggets: The USDA offers grants and special loans for first-time farmers You can often succeed in an old industry (e.g. restaurants, hotels) by simply following modern best practices Don’t underestimate the value of employing amazing people in the hospitality industry Action Steps: Rese…

If you like the show, please leave a review on Apple Podcasts! Nuggets: “Never, ever, think about something else when you should be thinking about the power of incentives.” -Charlie Munger Action Steps: Determine what niche you are going to sell in first Optimal co-founders might be content and SEO experts Build an in-house SEO team Fundraise Get p…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Content creators aren’t satisfied with social media platforms owning their distribution channels Action Steps: Partner with a Twitter influencer looking to monetize their brand through email marketing (search for users recommending Mailbrew). Presell the product to validate it.…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Almost half (40-60%) of the overhead is creating and selling carbon offsets is legal compliance, accounting, auditing “The world’s first trillionaire will be made in climate change.” - Chamath Palihapitiya Climate tech investing is growing 5X faster than overall VC from 2013-20…

If you like the show, please leave a review on Apple Podcasts! Nuggets: You need some protectable “secret sauce” if selling components in a big industry (like flying cars). Otherwise, manufacturers will continually drive down your pricing by forcing you to compete with copycats for their business Creating networking events can launch you from novic…

If you like the show, please leave a review on Apple Podcasts! Nuggets: We’re again reminded that you don’t need to solve the problem for everyone. Different people will have different goal setting tools & tactics that resonate with them. Helping a small percentage of those struggling with goal setting could still be massively valuable. Action Step…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Great businesses often start with an urgent demand that people are asking to pay for. You just have to notice it and double down on the niche. As baby boomers retire, there is a big opportunity in modernizing “sweaty startups” Action Steps: Contact the owner of the Urban Lumber…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Out of work travel and tourism specialists in vacation spots can be hired cheaply to build a business You can build a 300K / yr business starting with a spreadsheet and a private slack group If you think that buying property in other countries would be a headache, you’re right.…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Simple tip to increase your meeting effectiveness: stop 5 minutes early and ask “who will do what by when?” Generally easier to sell to a profit center than a cost center (listen to Aline Lerner episode for more on this) The hard part of this idea is building something users wi…

If you like the show, please leave a review on Apple Podcasts! Nuggets: It’s inevitable that micro-mobility apps consolidate in the next 5-10 years. Look to examples from other industries (e.g. hotels and airlines) to see that this can be done. Action Steps: Partner with smaller players who are running scooter sharing services Bring clients to them…

If you like the show, please leave a review on Apple Podcasts! Action Steps: Show validation through initial users in a small, local market. Leverage social networks as early distribution channels. Follow through on these action steps and email us your results at [email protected]. You'll get exclusive access to a private Facebook group of action…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Launching a great product can also build your email list Action Steps: Podcast Dashboard Start by creating an info and/or coaching product to help podcasters manage and grow their shows Understand the pain points podcasters are experiencing Create software to solve said pain po…

Nuggets: This idea is so exciting because it’s a platform that expands both sides of a marketplace; it makes it easier for fitness instructors to get their content out, and easier for people to work out remotely Don’t forget about the incredible power of puns in branding and marketing. Action Steps: Create a business overview/plan including the pro…

If you like the show, please leave a review on Apple Podcasts! Nuggets: If you notice many open-source projects with lots of followers on a single problem, it’s probably a good opportunity; open-source projects are rarely as good as those with commercial resources Action Steps: Build a list of SaaS companies using Shopify Search for Shopify apps th…

If you like the show, please leave a review on Apple Podcasts! Nuggets: You’re not going to end homelessness worldwide. Don’t do nothing because you can’t do everything. Sometimes a non-profit model opens more doors for those who want to invest in a project. Action Steps: Interview homeless people, social workers, and shelter employees to qualitati…

If you like the show, please leave a review on Apple Podcasts! Nuggets: If you have a regular job, your employer might love you starting a business that serves the company Build credibility on the internet with people you might like to serve before you’ll need it Action Steps: Build trust on the internet by creating helpful, intermediate to advance…

If you like the show, please leave a review on Apple Podcasts! Nuggets: If Aline were building another business, she would avoid selling to a cost center rather than a profit center When pricing your products and services inquire what your prospects’ discretionary budget is and price packages within that to get your foot in the door more easily. Ac…

If you like the show, please leave a review on Apple Podcasts! Nuggets: “Watch your thoughts, they become your words; watch your words, they become your actions; watch your actions, they become your habits; watch your habits, they become your character; watch your character, it becomes your destiny.” - Lao Tzu How stressed can you really be about l…

Action Steps: Look within your own network and find a jeweler to partner with Run Google Ads to develop brand awareness Reach out to local influencers to develop a partnership Follow through on these action steps and email us your results at [email protected]. You'll get exclusive access to a private Facebook group of action takers and one listen…

Tell us what you think at [email protected]! If you like the show, please leave a review on Apple Podcasts. Nuggets: It’s easier to pivot after starting than to get started, so just start. Management tip: to avoid over or under managing, work with your direct report to get started and then let them drive their own ship. Move fast and don’t look b…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Don’t ask friends and family whether they like your idea. If they’re good friends, they’ll lie to you. Instead, ask them about their personal experiences. Listen with an open mind when hearing things you think you already know. Oftentimes, there’s much more depth to the idea th…

If you like the show, please leave a review on Apple Podcasts! Nuggets: The most important asset an entrepreneur has is her persistence; don’t start until you’re ready to “sleep like a baby” (stay up all night crying) Action Steps: Identify the problem read US Department of Justice Study on Identity Theft understand where the $25 billion per year l…

If you like the show, please leave a review on Apple Podcasts! Nuggets: If you desire power, you shouldn’t pursue it (paraphrased from Plato’s Republic) Action Steps: Create a marketing plan for growing Roscioli Wine Club and community.wine Follow through on these action steps and email us your results at [email protected]. You'll get exclusive a…

Links: Principles by Ray Dalio Man's Search for Meaning by Viktor Frankl Accadium - Digital apprenticeships Cal Newport David Goggins Tim Ferriss Podcast Episode Erin Hooley's Run With It Episode for E-commerce Growth 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run…

If you like the show, please leave a review on Apple Podcasts! Nuggets: Pick a business that you can grit through Sometimes grit is less intense and more zen. A reserved but committed approach can help you maintain energy on your project for the long haul. Action Steps: Create a simplified Process Flow Diagram (PFD) for how recycling is done today …

Nuggets: A Software as a Service (SaaS) needs to be so easy your grandma could use it If you’re in a fear mindset, make a plan. No matter how great the plan is it will help you get into action, which is a much better state. If you want your business to grow, expect your marketing budget to expand ahead of growth. A stable marketing budget reflects …

Nuggets: The first step is often to build your self belief and overcome your fears U.S. business travel is a massive market ($1.6 trillion); business travelers took 462 million trips in 2013 Action Steps: Find a similar product and try to sell it to one of your appropriate connections—a frequent traveler—using the marketing and branding you intend …

Nuggets: This idea is so exciting because it’s a platform that expands both sides of a marketplace; it makes it easier for fitness instructors to get their content out, and easier for people to work out remotely Don’t forget about the incredible power of puns in branding and marketing. Action Steps: Create a business overview/plan including the pro…

Nuggets: James Dyson approached incumbent vacuum manufacturers with his idea for a bagless vacuum cleaner. They shot him down because “they sell bags” Even if your business is starting small, imagine the pitfalls you may encounter if it must rapidly scale. Be obsessed with your customers. It will arise from natural curiosity and even a bit of natur…