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The Secrets of a Digital Nomad 7-Figure Seller! Tips from Thomas Parkinson to RULE Remote Teams!
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Thomas Parkinson, a seven-figure online Arbitrage seller and certified digital nomad, discusses his journey of working remotely and building his businesses. He shares his experience of living in different countries, such as Thailand and Vietnam, and highlights the benefits of the low cost of living in these places for launching a business.
Thomas also emphasizes the importance of managing a remote team and implementing processes to improve accountability and efficiency. He concludes by advising entrepreneurs to focus on doing less but doing it better, as incremental changes and continuous improvement lead to long-term success.
Topics & Timestamps:
00:07 Introduction to the concept of Digital Nomads
01:17 Thomas Parkinson's background and journey as a Digital Nomad
04:49 Highlights of the best food Thomas has eaten while traveling
08:31 The financial benefits of launching a business in Thailand or Vietnam
10:47 The importance of changing environment for personal and business growth
11:38 Challenges of operating three companies while leading a nomadic lifestyle
12:25 Managing a remote team across different time zones
13:17 Importance of doing less but doing it better
14:49 Difficulty of letting go as a business owner
15:21 Building trust in a team in a different time zone
17:01 Structuring the team for Amazon USA operation
17:54 Implementing the principles from the book "Traction"
19:18 Importance of structured and productive communication with the team
20:18 Working on the business versus in the business
21:53 Adapting and learning as entrepreneurs and leaders
22:58 Easier to ask forgiveness than permission
23:25 Importance of accountability and learning from mistakes
24:30 Building a culture of trust and accountability
26:02 The value of having team members who admit mistakes
27:13 Importance of implementing processes and learning from mistakes
28:16 Incremental change and the importance of pounding the rock
29:53 Do less, but do it better
30:40 Nomad List website recommendation for digital nomads
31:00 Maximizing tools and assets for business success
31:50 Competitive advantage through continuous improvement
Connect with our guests:
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