Best Mitchell Baldridge Podcasts (2024)

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#078 David Senra + Mitchell Baldridge #5: David’s Private Conference, Writing Books, and Building Networks 2:19:43

14d ago2:19:43

2:19:43

Topics: (00:00:00) - Intro (00:03:24) - Recapping FoundersOnly Conference (00:36:36) - Helping others first (00:44:32) - Baldridge updates & the power of working hard (01:03:46) - How do you want to spend your time? (01:10:38) - Great book recs, Scribe, and the knowledge gap (01:44:38) - Unethical founders (02:00:56) - Optimizing for usefulness Lin…

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#077 Alex Komoroske: Systems Thinking, Builders vs Gardeners, and Working In Large Organizations 1:20:53

26d ago1:20:53

1:20:53

Topics: (00:00:00) - Intro (00:03:52) - The Gardener of Systems (00:07:43) - Builders vs. Gardeners (00:11:09) - Who are the best farmers of miracles? (00:16:52) - How did you become a “systems” person? (00:23:45) - What does Systems Thinking look like for you? (00:53:09) - Alex’s Slime Mold deck (00:55:12) - The iterative, adjacent possible (00:59…

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#31 - Embrace Poverty Now! The Smartest Financial Decision You'll Ever Make 1:00:57

1M ago1:00:57

1:00:57

Mitchell and Scott are back after a summer break! In June Mitchell posed a question on Twitter/X: "What's the smartest financial decision you ever made?" Mitchell and Scott read through the comments and offer their commentary. The replies range from the typical -- buying a house chealy at low mortgage rates, paying off the mortgage, investing in cr…

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#076 The Alliance of Entrepreneurs and Scientists with Arkady Kulik of RPV 1:24:45

2M ago1:24:45

1:24:45

Topics: (00:00:00) - Intro (00:04:43) - Russian interpretations of friendship (00:09:28) - Thoughts on the state of society and its rate of technological adoption (00:13:22) - Creating alliances between entrepreneurs, capitalists, and scientists (00:17:17) - Rick Rubin on Creativity in Investing (00:20:55) - Does Taste exist in the world of VC? (00…

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#075 Flywheel Masterclass, Flying Planes, and Building For Creators with Nathan Barry of Convertkit 1:31:02

2M ago1:31:02

1:31:02

Topics: (00:00:00) - Intro (00:05:10) - The decision to live in Idaho (00:08:21) - Nathan’s flying hobby (00:15:09) - Building Flywheels (00:46:07) - Incentive compensation and giving people ownership (01:06:39) - Inflection points in building ConverKit (01:14:16) - How to work on a ton of things (01:23:15) - What are the rules of thumb you use the…

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#74 Rolling Fun #8: New LPs, Mark-ups, Giant Guns for Space Cargo, How to Find a Lead Investor, Software for Manufacturing, AI for Ecomm. 56:09

3M ago56:09

56:09

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 202…

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#30 - Deal Book Monday: Purchasing a Ready Mix Concrete Plant 51:22

3M ago51:22

51:22

It's time to look at more deals, this time from a listener in Houston who works in the concrete/aggregate industry and is considering purchasing a ready mix concrete plant. The owner of the plant is in his mid-70s and also owns a concrete contracting business; he acquired the plant to provide concrete for his contracting business, and supplies a ha…

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#29 - Should You Start a Micro Gym? And Hiring Woes 57:29

3M ago57:29

57:29

Mitchell Baldridge, the world's most famous accountant, and entrepreneur-turned-farmer Scott Hambrick are back! In today's episode, they respond to a listener email asking for opinions on their business idea: a "microgym" in which customers pay a monthly fee for a time slot at a small but well appointed barbell gym. The gym would have all the neces…

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#073 Rolling Fun #7: Q4 Updates: Nuclear Fusion, AI for Kids, AI Manufacturing — and how founders can find lead investors 50:23

3M ago50:23

50:23

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 202…

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#28 - SEO Makeover: Examining a Marketing Business with a Growth Problem 55:00

5M ago55:00

55:00

In the previous episode of Mitchell's Mailbag, Mitchell and Scott set aside one email to dedicate an entire episode to -- this is that email! Listener Tim W. (T-dub for short) shares his new SEO marketing business he has rolled out, and some reservations he has about growing it beyond a certain point. While T-dub only wants to grow the business eno…

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#27 - Mitchell's Mailbag: Bad Business Ideas, Marketing for a Handyman Business, and Growing Your Customer Base 59:48

5M ago59:48

59:48

Mitchell Baldridge, CPA and Scott Hambrick reach into the Stupid Tax inbox and look at three questions submitted by listeners. One young business owner started a handyman business in the fall of 2023 and started off with a bang, making $14k in his first full month of operation. The following three months were lean, however, with revenue falling off…

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#072 The First Artificial Human Arm with Tyler Hayes of Atom Limbs 1:08:51

5M ago1:08:51

1:08:51

Links: Atom Limbs Waitlist Crowdfunding Round - Wefunder Tyler on X Topics: (00:00:00) - Intro (00:02:19) - Inside building Atom Limbs (00:18:37) - The process of researching what knowledge was needed to build this company (00:27:26) - Feedback loops in prosthetics (00:29:23) - Where is Atom Limbs today? (00:40:48) - Wild, irresponsible speculation…

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#26 - Why You Need to Raise Your Prices 1:02:00

5M ago1:02:00

1:02:00

Many business owners struggle with the idea of raising prices. Even in the current environment of high inflation and rapidly increasing costs for just about everything, many people struggle to raise prices. Sometimes it's in fear of losing good business, sometimes it's because raising prices feels like conflict and owners are conflict-avoidan. Othe…

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#25 - The Small Business Tax Trap 40:44

5M ago40:44

40:44

Mitchell and Scott discuss a common problem that successful business owners encounter in their first coupe years of operation -- an income tax trap caused by rapid growth. Here's the scenario: our young business owner Connor leaves his low paying W-2 job to start a business, and it's a hit! He generates $150k in profit in his first year of operatio…

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#071 Robotic Delivery Tunnels with Garrett Scott of Pipedream Labs 1:05:15

6M ago1:05:15

1:05:15

Links: Garrett Scott on X Pipedream Labs Topics: (00:00:00) - Intro (00:03:00) - Pipedream (00:08:33) - What’s the existing infrastructure for this product? (00:12:55) - Finding geographical partners (00:14:52) - Hyperlogistics, regulations, and long-tail e-commerce (00:30:35) - What are the toughest technical problems? (00:34:32) - The ability to …

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#24 - Why Bad Businesses Are Ponzi Schemes 1:04:21

6M ago1:04:21

1:04:21

Bad businesses are a Ponzi scheme, says Mitchell, in which owners hang on for dear life until the next check clears, only to immediately be in the hole again when the next project -- and the costs associated with it -- comes in. In fact, most businesses start this way! The job of the owner is to turn that bad starting business into a good one, a bu…

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#070 Rolling Fun #6: Investing in Robotic Prosthetics, 10x Batteries. Al meets MrBeast. 52:57

6M ago52:57

52:57

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Ouros AltHQ Zencastr Atom Limbs General Fabrication Company Topics: (00:00:00) - Intro (00:02:57) - Dear Listener (00:09:44) - Eric’s life as a CEO & Scribe (00:17:14) – Rolling Fun Q2 Investments (00:30:21) - Rolling Fun Q3 Investments (00:41:26) - Lessons from playing basketball with …

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#23 - Fraud Controls: How to Stop People Stealing from Your Business 1:25:27

6M ago1:25:27

1:25:27

Hang around a group of small business owners -- folks who have been in the business for a long time -- and you'll find that nearly every one of them has had someone steal from them or commit fraud at one time or another. Small businesses are prime targets for fraud and theft, mainly because they tend to have weak or ineffective fraud controls, if t…

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#22 - Do I Need a Lawyer? And Other Questions from the Stupid Tax Mailbag 46:38

6M ago46:38

46:38

Mitchell and Scott answer questions submitted by listeners, including: do I need a lawyer, how much do you need to know about industry to buy a business, should you ever go into debt to buy a business, and more! Ask Mitchell and Scott a question: show@stupidtaxpod.com Stupid Tax is now on Twitter/X! @stupidtaxpod Mitchell Baldridge Twitter: @baldri…

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#21 - Easy vs Hard Businesses 1:07:27

7M ago1:07:27

1:07:27

Starting and growing a business is hard, but are some harder than others? Absolutely! Scott and Mitchell discuss the factors that make a business difficult to succeed in, and what things they like to look for in businesses with a high chance of success. Scott also points out that while some businesses are difficult to scale, there's no reason an op…

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#20 - The Fifty Year Plan: How Gen Z Will Build Their Lives and Businesses 59:40

7M ago59:40

59:40

Mitchell and Scott pick up today's episode in the middle of a conversation about whether "the kids are gonna be alright." As Gen Z enters the workforce en masse, they do so with very different expectations than the millenials before them. Zoomers are well aware of the long and ongoing slide in real middle class wages, as well as employment uncertai…

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#069 David Senra + Mitchell Baldridge #4: Old Books, New Events, and A Surprise CEO Job 2:34:05

7M ago2:34:05

2:34:05

Links: David Senra on X Mitchell on X Founders Podcast Better Bookkeeping Mentioned on the episode: Fiftyyears.com Foundersonly.com Poor Charlie’s Almanac Liar’s Poker Atomic Habits The Pathless Path Morgan Housel books Tren Griffin Blog - 25iq Brent Beshore on meeting Charlie Munger Who is Michael Ovitz? Powerhouse by James Andrew Miller The Etern…

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#19 - Should You Switch to Accrual Accounting? Also, Why Tax Write Offs Are Overrated 54:09

7M ago54:09

54:09

Mitchell Baldridge and Scott Hambrick answer a listener question asking about switching from cash accounting to accrual accounting in his farming buinsess, and a potential tax bill that would arise from that switch. Listener Austin also asks about the common practice of spending money on new equipment to reduce taxable income, even when the busines…

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#18 - Grift or Marketing? Getting Customer's Attention in The Internet Age 41:41

7M ago41:41

41:41

It's popular nowadays to throw around the term "grifter" when it comes to getting people to check out your product or service. After all, it seems like it takes either tons of frequent exposure or outlandish behavior to get attention on the internet, especially social media and YouTube. Grifting implies some level of fraudulence, however, or at lea…

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#17 - The Customer Is NOT Always Right 1:20:27

8M ago1:20:27

1:20:27

Somewhere in the early part of the 20th century, retailer Marshall Field famously declared "the customer is always right," underlining his emphasis on customer satisfaction as an important part of the retail experience. It's a catchy saying, and variations of it have appeared throughout the retail and customer service industries. However, as Scott …

1
Merry Christmas! We're Taking a Quick Break 0:28

8M ago0:28

0:28

We're taking a short break for the week of Christmas and New Years. We'll be back on January 1st with more small biz talk. In the meantime, Merry Christmas and Happy New Year! Ask Mitchell and Scott a question! Email: show@stupidtaxpod.com Mitchell Baldridge Twitter: @baldridgecpa https://baldridgecpa.ck.page https://baldridgefinancial.com Scott Ha…

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#16 - Return on Hassle 46:25

8M ago46:25

46:25

Business is frequently reduced to numbers -- revenues, costs, ratios, and percentages -- but not every aspect of business operations can be described purely numerically. As Mitchell and Scott discuss on today's episode, the hassle of any given business activity has a cost measured in misery and frustration, if you have the wrong clients for your bu…

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#15 - Should Matt Take Over His Mom's Cleaning Business? Also, RIP Charlie Munger 34:22

8M ago34:22

34:22

Mitchell and Scott ruminate on the life of Charlie Munger, legendary investor and vice chairman of Berkshire Hathaway who recently passed away at age 99. For decades, Munger was the right-hand man of perhaps the most famous investor of all time, Warren Buffett, and made a long string of successful invstments in diverse sectors such as insurance, ba…

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#14 - Matt Wants to Buy His Uncle's Business: Mitchell and Scott Weigh In 37:49

9M ago37:49

37:49

Matt recently wrote into the show to ask about best practices for buying a business, and more specifically his uncle's pest control business. Matt has worked in the business some, and has an opportunity to buy the business, but isn't sure about the best way to go about it -- generating a letter of intent and purchase agreement, how to value the bus…

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#13 - Stop Looking in the Rear View Mirror: How to Do Effective Accounting 1:07:49

9M ago1:07:49

1:07:49

Too many business owners use accounting to essentially stay out of jail, or at least out of trouble with the IRS. They close their books once a year so they can file their taxes, then move on, having learned little of value about the business' financial health in the process. Everything they learn by this accounting process is late, by months and m…

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#12 - Getting Your Ego Out of the Way: Building Effective Systems and Processes 1:28:13

9M ago1:28:13

1:28:13

If you want your business to grow beyond a certain point, you'll eventually need to hire employees, and you'll need to let them take over some of the work that you have been doing. Many business owners get hung up on delegating tasks to others, and taking the time to train employees. Whether it's perfectionism, unwillingness to let new employees ma…

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#11 - 10 Tax Hacks for Business Owners 58:13

9M ago58:13

58:13

Mitchell says that small business is the best tax deal in America, and in today's episode he expalins why! He outlines 10 ways business owners can take advantage of tax credtis, deductions, legal entities, and investment vehicles to lower their taxable income in the business and on their personal returns. Some of these hacks are simple, others are …

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#10 - What You DON'T Need to Start a Business: Avoid These Common Mistakes! 1:02:15

9M ago1:02:15

1:02:15

There are a few things you need to start a business, which Mitchell and Scott covered in episode #8, and a whole lot of things you don't need: investors, a business plan, core values, conference rooms, shirts with your company logo... Mitchell even says you don't need accounting! Many would-be business owners get caught up in the trappings of ownin…

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#9 - How to Find a Lawyer with "Diamond" David Keesling 1:21:49

10M ago1:21:49

1:21:49

The worst time to look for a lawyer is when you have a big legal problem and need help. Nevertheless, that's exactly the position many people find themselves in when they start looking for a lawyer. Early on at Data Storage, Scott had a lawyer -- that is, the one appointed to him by his insurance company -- but not a good one, as he found out durin…

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#8 - Business 101: Everything You Need to Get Started 1:32:52

10M ago1:32:52

1:32:52

Mitchell and Scott outline the basic things you need to get a business going: which legal entity to pick, how to register for it, how to setup a bank account, and more. As Scott underlines, the most important thing for starting a business, that comes before anything else, is a customer! In Scott's view, the customer comes even before the product, a…

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#7 - Freelancing: Owning Your Job 1:31:57

10M ago1:31:57

1:31:57

Freelancing is very common in today's "gig economy," and in a way it's a lot like owning a business. The freelancer has to be her own sales force, her own marketing division, her own bookkeeper, etc. Freelancing is essentially owning your own job, which comes with a unique set of challenges. Scott and Mitchell discuss what the freelancer needs to k…

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#6 - Build It Or Buy It? 1:22:08

10M ago1:22:08

1:22:08

Most people thinking about starting a business assume they would build that business, but it's not the only way. There are many businesses that can be bought, sometimes for suprisingly low multiples, and they offer a number of advantages for the budding entrepreneur. Buying a business is, at one level, buying a book of clients, which are already bo…

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#5 - Keeping the IRS Off Your Back: What You Need to Know About Business Taxes 1:15:47

11M ago1:15:47

1:15:47

Nothing induces cold sweats and sleepless nights like the thought of a letter from the IRS, or heaven forbid, an audit! After all, there are famous examples in the news about people going to prison for not paying their taxes, or being accused of tax fraud. Many new business owners needlessly worry about taxes and the IRS, however. With a little bit…

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#4 - Life Is a Funnel: Build Your Funnel, Learn Your Business 1:18:12

11M ago1:18:12

1:18:12

All businesses are sales businesses. Without sales, business operations to make and deliver products and services can't happen, and without revenue, there is no business. So, how do you get sales? What you need is a funnel, a sales funnel. In today's episode Mitchell and Scott introduce the concept of a sales funnel, but point out that funnels are …

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#3 - Accounting: What Is It Good For Anyway? 1:03:53

11M ago1:03:53

1:03:53

Accounting, as Scott Hambrick says, is the scientific method of business. It's a process of data collection and testing hypotheses about how your business works. For Mitchell Baldridge, CPA, accounting is about the numbers -- debits, credits, chart of accounts -- but it's also about so much more. Accounting is not just about tracking the dollars th…

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