Episode 110: TMBA 110 (TTR11) – What are Your Chances of Having $1,000,000 in 5 Years? (Hint: They Might Be Higher if You Move to China)

This week I decided to get back to my roots, fire up my dorky headset, and do another Tropical Talk Radio (iTunes link). Today we ask the question: do you think it’s likely that you’ll have $1,000,000 in your personal bank account in 5 years? You might be surprised by the way some young entrepreneurs answer the question. I was first introduced to my guests Tim and Nick by my friend Sean Ogle, and since that time I’ve enjoyed following what they are up to in China (I’m also proud to call them DCers!). These guys talk about doing business in China, and accelerating your entrepreneurial career by making the jump to Asia. I like the metaphor Tim and Nick use: “lose the [corporate] ladder, take the elevator.” One of the most useful pieces of small business advice I’ve ever heard is: “9 out of 10 small businesses track with market.” I believe the same principle can apply to your life and career. A rising tide lifts all boats