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Start It or Scrap It

Michael Terkanian and Mr. Gummi

43 episodes

1 hour ago

AI isn’t coming — it’s already here. And it’s transforming every industry. In Episode 43 of Start It or Scrap It, Mike and Gummi dive into how AI, automation, and smarter tech are reshaping business ownership — from mergers and acquisitions to marketing, SEO, and even small-town visibility. They also cover: ✅ Why 80% of small businesses never sell (and what to do instead) ✅ How to buy an existing business for pennies on the dollar ✅ What makes a client list actually valuable ✅ Why local SEO...

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Entrepreneurship

All content for Start It or Scrap It is the property of Michael Terkanian and Mr. Gummi and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

AI isn’t coming — it’s already here. And it’s transforming every industry. In Episode 43 of Start It or Scrap It, Mike and Gummi dive into how AI, automation, and smarter tech are reshaping business ownership — from mergers and acquisitions to marketing, SEO, and even small-town visibility. They also cover: ✅ Why 80% of small businesses never sell (and what to do instead) ✅ How to buy an existing business for pennies on the dollar ✅ What makes a client list actually valuable ✅ Why local SEO...

Show more...

Entrepreneurship

Episodes (20/43)

Start It or Scrap It

AI Is Here to Stay 🤖 | Buying, Selling & Growing Businesses in 2025 | Ep. 43 | Start It or Scrap It

AI isn’t coming — it’s already here. And it’s transforming every industry. In Episode 43 of Start It or Scrap It, Mike and Gummi dive into how AI, automation, and smarter tech are reshaping business ownership — from mergers and acquisitions to marketing, SEO, and even small-town visibility. They also cover: ✅ Why 80% of small businesses never sell (and what to do instead) ✅ How to buy an existing business for pennies on the dollar ✅ What makes a client list actually valuable ✅ Why local SEO...

2 days ago

1 hour 29 minutes

Start It or Scrap It

How to Manage Time (Without Losing Your Mind) ⏰ | Start It or Scrap It Ep. 42

Running a business = a constant battle with time. In Episode 42, Mike Terkanian and Gummi Sigurdarson break down real-world time-management strategies that actually work — from balancing deadlines to delegating effectively to automating the busy work. You’ll learn: ✅ How to stay on track when you wear 12 hats ✅ Why productivity isn’t about hours logged but results delivered ✅ The simple systems that keep your team accountable without burnout 🎙 Plus — a bonus discussion on dopamine, digital...

1 week ago

1 hour 30 minutes

Start It or Scrap It

Is This a Good Idea? | Ep. 41 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It! In this episode, we put a bold new business pitch under the microscope and ask the real question: Is this actually a good idea—or just another trap for entrepreneurs? We dive into: - Spotting the difference between opportunity and distraction - How to evaluate if a business idea has legs - The hidden risks that come with “shiny” pitches - What every founder should ask before saying yes Whether you’re chasing your first venture or refining your tenth, t...

2 weeks ago

1 hour 24 minutes

Start It or Scrap It

How to Start a Business: The Real Step-by-Step Guide 🚀 | Ep. 40 | Start It or Scrap It Podcast

Starting a business is exciting — but most people get it wrong. In this episode of Start It or Scrap It, we break down the real step-by-step process every entrepreneur should follow. From legal formation to branding to early marketing moves, we cover the crucial details that can save you time, money, and frustration. 🔥 What we cover in Episode 40: - The first legal step every founder MUST take - How to choose the right business structure (LLC, Corp, etc.) - Why branding early makes a bigger...

3 weeks ago

1 hour 38 minutes

Start It or Scrap It

How to Build Real Confidence as an Entrepreneur 💪 | Ep. 39 | Start It or Scrap It Podcast

Confidence isn’t something you’re born with — it’s built through action, feedback, and persistence. In Episode 39 of Start It or Scrap It, Mike and Gummi break down: - Why confidence comes from small wins, not big leaps - The link between preparation and performance - How failure can actually build resilience (if you let it) - Real-world lessons from business, public speaking, and leadership Whether you’re pitching investors, leading a team, or just starting out, this episode will help you...

1 month ago

1 hour 7 minutes

Start It or Scrap It

The Myth of Overnight Success 🚨 | Ep. 38 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It! In Episode 38, Mike and Gummi tackle one of the biggest lies in entrepreneurship: “overnight success.” From flashy social media claims to misleading business coaches, we break down what it really takes to build a sustainable business. Along the way, we dive into: - Why “overnight success” is a dangerous myth - The rare exceptions (and why they’re almost impossible to replicate) - Why a good assistant or CRM system can save you thousands in lost revenue ...

1 month ago

1 hour 31 minutes

Start It or Scrap It

Shiny Object Syndrome: The #1 Startup Killer | Ep. 37 | Start It or Scrap It Podcast

In Episode 37 of Start It or Scrap It, Mike and Gummi tackle the hidden trap that sinks more startups than bad ideas or lack of funding: shiny object syndrome. We break down: - Why chasing “the next thing” resets your business clock every time - Real-world examples of entrepreneurs spreading themselves too thin - How to pick one service or product and master it before expanding - The difference between being a jack-of-all-trades vs. building focused expertise - Why focus is the most underrat...

1 month ago

1 hour 35 minutes

Start It or Scrap It

Wild Startup Pitches, Pricing Traps & Brand Building | Ep. 36 | Start It or Scrap It Podcast

In Episode 36 of Start It or Scrap It, Mike and Gummi dive into the realities of starting and scaling — from side hustles and early hires to brand-new startup pitches straight from Reddit. Here’s what you’ll learn in this episode: -The real cost of your first hire (and what to do before you make it) - Why chasing “easy money” can derail your focus - Side hustles: which ones actually work vs. which ones drain your time - Startup pitch breakdowns: subscription car washes, snack box ventures &...

1 month ago

1 hour 33 minutes

Start It or Scrap It

How to Grow Your Business: Real Startup Lessons 🚨| Ep. 35 | Start It or Scrap It Podcast

On this episode of Start It or Scrap It, we tackle one of the most common (and toughest) questions in entrepreneurship: How do you grow a business the right way? Too often, founders focus on the wrong levers—more money, more people, more products—without a plan to sustain growth. We break down: - The difference between smart scaling vs. reckless expansion - Why growth without systems can destroy your company - How to balance short-term wins with long-term stability - Real-world stories of b...

1 month ago

1 hour 34 minutes

Start It or Scrap It

Time Management Isn’t Your Problem – This Is | Ep. 34 | Start It or Scrap It Podcast

You don’t have a time problem—you have a priorities problem. In Episode 34 of Start It or Scrap It, we break down why so many founders and professionals feel overwhelmed, unproductive, and stuck… and how to fix it. 🔥 Learn how to: - Stop wasting time on “fake work” - Set boundaries that protect your calendar - Recognize when you're just avoiding real decisions - Build a routine that actually supports your business We also review a real Reddit post from someone struggling to manage their si...

2 months ago

1 hour 32 minutes

Start It or Scrap It

Should You Hire Friends? Hard Truths Every Founder Must Hear | Ep. 33 | Start It or Scrap It Podcast

Hiring a friend can feel like the perfect solution—built-in trust, easier communication, shared vision. But what happens when things go sideways? In Episode 33 of Start It or Scrap It, Mike and Gummi dig into one of the hardest business decisions: should you hire friends or family? From mismatched effort and pay issues to the potential for destroyed relationships, we break down real-life stories and tactical advice you can use to avoid costly mistakes. We also dive into questions about hand...

2 months ago

1 hour 37 minutes

Start It or Scrap It

How to Land a Job in 2025 (And What’s Holding You Back) | Ep. 32 | Start It or Scrap It Podcast

The job market in 2025 is tough—but most people are making it even harder on themselves. In Episode 32 of Start It or Scrap It, we break down the biggest mistakes job seekers are making this year—from outdated resumes to invisible LinkedIn profiles. Whether you’re fresh out of school or trying to pivot careers, this episode delivers blunt, actionable advice to get hired faster. We also critique real Reddit posts from people struggling to find work and offer solutions no career coach will gi...

2 months ago

1 hour 43 minutes

Start It or Scrap It

Protecting Your Business Idea: What Most Founders Get Wrong | Ep. 31 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It, the podcast where real startup ideas meet real critique. In Episode 31, we cover what so many early-stage founders get wrong: trying to protect a business idea before they’ve validated it. From NDAs and trademarks to the scalability of service businesses, this episode is packed with tactical insight. 🎯 You’ll learn: - When (and when not) to use NDAs - Whether you should trademark your business idea - What makes a service business scalable - Why some bus...

2 months ago

1 hour 36 minutes

Start It or Scrap It

How to Actually Succeed in Business (Most Don’t) | Ep. 30 | Start It or Scrap It Podcast

Thinking about starting a business or growing one? This episode of Start It or Scrap It is all about how to actually succeed. From hiring your first employee to protecting your online presence, we cover real stories and strategies to help you avoid costly mistakes. ⏱️ Timestamps: 00:00 – Welcome to Ep 30 02:00 – How to really succeed in your first business 10:15 – Why your Google profile could destroy your revenue overnight 16:16 – Gummi gives Mike a gift 2...

3 months ago

1 hour 34 minutes

Start It or Scrap It

Starting a Business? Watch This Before You Sign Anything! | Ep. 29 | Start It or Scrap It Podcast

🚀 Ready to launch your business? In Episode 29 of Start It or Scrap It, we break down real stories from entrepreneurs, including scams to avoid, what to watch for in contracts, bouncing back after failure, and how to build your network the RIGHT way. ⏰ Timestamps: 00:00 - Intro & Big Ideas 02:00 - Why relationships matter in business 10:00 - How a ‘business opportunity’ can ruin your life 16:00 - Accepting failure and learning from it 25:00 - From idea to execution: who to ask for help 4...

3 months ago

1 hour 10 minutes

Start It or Scrap It

How Real Networking Builds Million-Dollar Deals (Not Clickbait!) | Ep. 28 | Start It or Scrap It

In Episode 28, we share blunt advice on why traditional networking beats fancy ads — and how real relationships fuel million-dollar deals. From golf outings to sporting events, get raw insights into how smart founders build trust before investing a single dollar. 🔔 Subscribe for more no-BS business advice! ⏰ Timestamps: 00:00 – Introduction 02:00 – Million-dollar deals on the golf course 05:15 – The ROI of trust and likeability 09:45 – Spotting red flags in partners & clients 14:20 – Cr...

3 months ago

1 hour 7 minutes

Start It or Scrap It

The Harsh Truth About Startups No One Tells You | Ep. 27 | Start It or Scrap It Podcast

Welcome to Start It or Scrap It Ep. 27! Mike & Gummi dive into Reddit’s boldest business ideas—from exclusive chef events to kid ventures like sneaker trading. Should you start or scrap them? Plus, we unpack imposter syndrome, founder syndrome, and why 7 years of “failure” might be your biggest asset. ⏱ Timestamps 00:00 – Intro: Windy yards & banter 01:14 – Imposter syndrome: Why you doubt your success 07:05 – Founder syndrome: Micromanaging your startup to death 12:15 – Reddit...

3 months ago

1 hour 36 minutes

Start It or Scrap It

How This One Networking Insight Changed Everything for Us | Ep. 26 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It, the podcast where business ideas meet expert critique. In this episode, we break from the usual format—because one of the ideas we found wasn’t just interesting... it was good. Good enough for us to say: let’s consider buying it. Here’s what you’ll learn in Episode 26: * The decision-making process behind investing in a small business * Common traits of business ideas worth funding * The reality behind "first-mover advantage" in AI * Why company cultur...

3 months ago

1 hour 36 minutes

Start It or Scrap It

Hiring Nightmares & Entrepreneurship Tips | Ep. 25 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It! Episode 25 tackles the raw challenges of entrepreneurship—hiring chaos, the debate over quitting your business, and rethinking the 9-to-5 path. We share insights on e-commerce realities, practical expense tracking, and why self-worth isn’t tied to owning a business. Perfect for founders facing tough decisions or exploring new ventures. ⏱ Timestamps 00:00 – Intro & Northeast wind struggles 00:02:21 – The hiring process: applications and interviews gon...

4 months ago

1 hour 39 minutes

Start It or Scrap It

How Toxic Employees Kill Culture, Chick-fil-A & Leadership | Ep. 24 | Start It or Scrap It Podcast

Welcome back to Start It or Scrap It! In Episode 24, we get brutally honest about the ugly side of entrepreneurship—how to protect your company culture, avoid early leadership mistakes, and why most startup websites completely miss the mark. Plus, we tackle what a startup CEO should actually be doing every day and how customer service (not product) builds brand loyalty. Whether you’re pre-MVP or managing a 10-person team, this episode is for the business owners in the trenches. ⏱ Timestamps...

4 months ago

1 hour 29 minutes