Amplify your Business Exploring the World of Kratom with MIT45

For Episode 234 of Amplify Your Business, we’re joined by Ryan Niddel, the CEO of MIT45. MIT45 is a kratom company. Kratom is what we call the leaves of a tropical tree in the coffee family, Mitragyna speciosa, that is indigenous to Southeast Asia. These leaves contain a chemical called mitragynine that produces stimulant-like effects (like caffeine) in low doses that help with focus, clarity, and energy. In higher doses, these leaves offer sedative-like effects, providing users with a relaxing sensation, and allowing for better sleep and less muscle pain. MIT45 is working hard to educate the masses on this new, mostly unheard-of substance, espousing its benefits, and battling against the fearmongering currently making its way through mainstream media. To learn more, visit https://mit45.com/.    00:00 - Intro 01:21 - What are three things that you think every entrepreneur needs to know? 06:05 - Let’s talk about MIT45. What are you guys doing? What problems are you trying to solve?  11:54 - What are the potential biggest roadblocks to MIT45 getting to your goal of taking on the global market? 17:01 - At what point in a company’s trajectory should they start looking at acquisitions being an integral part of their growth strategy? 23:57 - What lessons did you learn through the process of your early mistakes in entrepreneurship? 29:13 - How did you bounce back from your business being a huge success to having to shut your doors completely, and then launching your next business venture that turned into a multimillion-dollar exit as well? 34:32 - Where does your passion, your drive for entrepreneurship come from? 38:23 - If you could write a letter to your pre-entrepreneurial self, what advice would you give? 40:44 - If our audience wanted to connect with you, how could they go about doing that?