#738 Under the Hood of an 8-Figure Business + Million Dollar Weekend with Noah Kagan

“Noah’s new book Million Dollar Weekend has so many nuggets for aspiring and mature entrepreneurs alike. Specifically, if you’re launching a new product, starting a new business, or you want to keep things simple for your team, you’ll find tangible guidance in this book.” - Dan In this episode, TMBA host Dan Andrews sits down with Noah Kagan to talk about operating an 8-figure company at scale, something Noah does every day as the CEO of AppSumo. Noah dives into specific processes around leadership, managing team members, setting achievable goals, making room for creativity, personal growth habits, and a whole lot more. Dan & Ian’s Stuff: The Newsletter (https://tropicalmba.com/subscribe) “The DC” (https://dynamitecircle.com/join-dc/) DC Black (https://dynamitecircle.com/dc-black) Global events (https://dynamitecircle.com/events) Hire remote talent (https://remotefirstrecruiting.com/) Find a remote job (https://dynamitejobs.com/) Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA) Follow on Instagram (https://www.instagram.com/tropicalmba/) @TropicalMBA (https://twitter.com/TropicalMBA) @AnythingIan (https://twitter.com/AnythingIan) Show Notes (00:00:33) Intro (00:02:47) Setting goals and managing expectations for a successful business. (00:07:43) Setting and achieving business goals with room for experimentation. (00:08:51) Tracking progress on goals and regularly reviewing progress to avoid anxiety and stay motivated (00:13:46) The importance of personal inputs relative to the company's top priorities, with each leader in the company having their own top three priorities to focus on. (00:15:02) Everybody can see everybody’s scorecards (00:17:34) Leadership means setting clear priorities and empowering others to choose their own destinations. (00:20:09) Motivating employees through optimism, rather than demotivating them with criticism. (00:22:03) The importance of consistency in personal and professional settings (00:25:15) Monthly leadership survey to gather feedback and improve as a leader, with a focus on providing solutions rather than complaining. (00:28:31) Core operational documents and processes needed to run a business (00:30:11) Find your own “AppSumo” way Links: Million Dollar Weekend (https://www.amazon.com/Million-Dollar-Weekend-Surprisingly-7-Figure/dp/B0C6YF9YJX/ref=sr_1_1?crid=SX1TWA2A1MA1&keywords=million+dollar+weekend+noah+kagan&qid=1705448385&sprefix=million+dollar%2Caps%2C203&sr=8-1) Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber Additional episodes you might enjoy: Business Basics: Revenue Durability, “Small” Goals, & High-Leverage Meetings (https://tropicalmba.com/episodes/revenue-durability-meetings) Non-Obvious Ways to Grow Your Business + Favorite Moments of 2023 (https://tropicalmba.com/episodes/favorite-moments-of-2023) End-of-Year Brainstorming, Goal-Setting, and a Mexico Meltdown (https://tropicalmba.com/episodes/end-of-year-brainstorming)