TMBA 641: Deciding It’s Time To ‘Get Up And Move Over To Another Table’
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The last time Allen Walton was on the show he talked about how his e-commerce business SpyGuy grew out of a difficult period when he was living in his parents’ basement struggling to make a living. Today Allen talks to Dan about some recent challenges which, despite the considerable success he's had, have caused him to consider if it’s time to re-orientate what he’s doing and focus more on his new venture FlyGuy:
“Spy Guy is a hard business to run. Like a lot of e-commerce businesses we've been facing supply chain problems, shipping shortages, our costs have really gone up … And I think about Tony Hsieh’s book ‘Delivering Happiness’, he talks about poker playing, and how you could sit at a table and you might just keep losing, losing, losing against the people you're playing with. One of the best things you might do is just get up and move over to another table. You might find out that you're playing way better there. And I kind of feel like that might be the case for me”.
And, later in the show, Allen gamely agrees to play our favorite fun challenge: ‘Donate A Business Idea’.
Listen to this week's show and learn:
Why Allen had to rebuild his whole team
The motivation for starting FlyGuy
Dan and Allen’s business idea donations
How appearing on the Tim Ferriss show led to ‘imposter syndrome’
Mentioned in the episode:
Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Dynamite Deals
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page
Allen Walton
SpyGuy
FlyGuy
Delivering Happiness by Tony Hsieh
The 4-Hour Workweek
Allen Walton and SpyGuy, The Path to Seven Figures: The Tim Ferriss Show
The Dynamite Circle: A Long Tail Social Media Case Study
Taylor Pearson
Nathan Barry
ConvertKit
Natural Stacks
Ayman Al-Abdullah
Andrew Chen
Zapier
Klaviyo
Shopify
Enjoyed this podcast? Check out these:
TMBA447: The Suburban Entrepreneur
TMBA367: The Business Idea Bonanza with Dan Norris
TMBA378: “If at First You Don’t Succeed, Try Try Try Again.”
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Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian