Ep.295 ~ Should You Exit a 7-Figure Location Independent Business? ~ Dan Andrews Part I

Dan Andrews Part I ~ Host of the Tropical MBA Podcast and Co-Founder of the Dynamite Circle ~ Current Series ~ 100 Interviews with 100 Location-Independent Entrepreneurs that have over $1,000,000 in Annual Revenue   Hello, listeners, we are so happy to have you here today, and I am so happy to give you a brief intro into a good friend and guest of the show Dan Andrews. Dan is the co-founder of one of the largest location independent communities called the Dynamite Circle.  The Dynamite Circle or DC as we call it is a private group of location independent entrepreneurs. The organization also hosts two key events each year called DCBKK and DCAustin. Both amazing conferences I would recommend checking out. Dan is also the co-founder of a business that became the #1 supplier for valet podium stands in the US.     We brought Dan on the show today to discuss life post the sell of his business. He recently wrote a book titled ‘Before the Exit | Thought Experiments for Entrepreneurs’ where he takes the readers through a process of asking questions that are really important if you are going to exit or sell your business. Hindsight is 20/20 and he has a very interesting perspective on many reasons why he would not have sold his business knowing what he knows now.   “Now we’re sitting on that remote island supposedly living the dream, and it doesn’t feel that great!” Dan Andrews   04:54: Dan’s Best Story About Growing Up Around Amish Culture 10:06: What is Location Independence? 12:02: Finding a “Home” as a 7-Figure Location Independent Entrepreneur 16:13: Being Emotionally Bankrupt from Location Independence 19:29: Dan Wrote a Book About Life After Selling His Business 21:07: After an Entrepreneur Sells His Business 23:30: Selling vs. Exiting 27:48: What’s More Valuable, the Leverage From a Business or the Payout After Selling?   “One of the things you will find amongst people that have had financial success is that they’re pretty bummed out that they can’t purchase the things that really matter. You can’t buy respect, you can’t buy time with your family. You can’t buy a business that engages your best energy.” Dan Andrews     Honorable Mentions:   Before the Exit | Thought Experiments for Entrepreneurs by Dan Andrews https://www.amazon.com/gp/product/B07BN2KD1J/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=B07BN2KD1J&linkId=ed8c5deac174610c96b0f325fb30ea1e Ep.195 ~ Behind the Location Independent Scenes ~ Dan Andrews https://www.thebusinessmethod.com/dan-andrews   Amish Culture https://en.wikipedia.org/wiki/Amish   What Technology Wants by Kevin Kelly https://www.amazon.com/gp/product/0143120174/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=0143120174&linkId=19d6d7de688fb20e665b7a6eca590562   Martin Heidegger - The Question Concerning Technology http://www.psyp.org/question_concerning_technology.pdf   D.C. (Dynamite Circle) http://www.tropicalmba.com/dc/   Ep.262 ~ Building and Selling an Amazon Business for Nearly $1,000,000 in Less Than 5 Years ~ Nate Ginsburg https://www.thebusinessmethod.com/nate-ginsburg   Ep.251 ~ Location Independence with the Kids ~ Michael Petersen https://www.thebusinessmethod.com/michael-petersen   Tropical MBA Seth Godin Interview http://www.tropicalmba.com/sethgodin/   Built to Sell by John Warrillow https://www.amazon.com/gp/product/1591845823/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=1591845823&linkId=e94713316cf5ef46cd81de6c5d743eb6   The 4-Hour Work Week by Tim Ferriss https://www.amazon.com/gp/product/0307465357/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=0307465357&linkId=f2f2c86a705eba153f5fe4253d5c1b20   Finish Big by Bo Burlingham https://www.amazon.com/gp/product/1591844975/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=1591844975&linkId=9ef95e87111bb480044a72e9a2cf8344 Nassim Taleb the Author Of:   The Black Swan https://www.amazon.com/gp/product/081297381X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=081297381X&linkId=91e33acfafa666d908d6e2a162d4aade   Full by Randomness https://www.amazon.com/gp/product/0812975219/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=0812975219&linkId=a47f62fe4e858cc99944d270208c5b4c   Antifragile https://www.amazon.com/gp/product/0812979680/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=0812979680&linkId=163de1af90a3bdd6d395de624b88bf15   Skin in the Game https://www.amazon.com/gp/product/042528462X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=042528462X&linkId=350f53383958159841fb6bc36a138c9d Contact Info:   Before the Exit | Thought Experiments for Entrepreneurs by Dan Andrews https://www.amazon.com/gp/product/B07BN2KD1J/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=chrisreynolds-20&creative=9325&linkCode=as2&creativeASIN=B07BN2KD1J&linkId=ed8c5deac174610c96b0f325fb30ea1e   Dynamite Jobs - Jobs for and by location independent teams https://dynamitejobs.co/