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

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.

 

“We thought, we have these five or six challenges with our business. It’s worth a lot. Why not just sell it?  Then those challenges will go away, and then they’ll be replaced by money!” 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?

 

 

“Now we’re sitting on that remote island supposedly living the dream, and it doesn’t feel that great!” 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/