My all time favorite podcast is the Tropical MBA. I’ve been listening to it for most of my entrepreneurial journey. It’s an entertaining and insightful look into the modern small business.
The podcast hosts Dan & Ian have developed lots of useful frameworks to think about decisions in business. They’ve coined concepts like “Rip, Pivot, & Jam” about innovating within proven value chains and “if it makes you money you shouldn’t be doing it,” a rule of thumb for where an entrepreneur should spend their time (and money.)
I’m a huge fanboy.
But I take issue with one of their key theses, “The Thousand Day Rule.”
The Thousand Day Rule is a pattern that they noticed where entrepreneurs needed about a thousand days, or 3 years, to build a business that surpassed their job income.
At best, the Thousand Day Rule is incomplete. At worst, it’s destructive to new entrepreneurs.Continue reading