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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 difference than you think
- When to DIY vs. hire pros for setup
- Common mistakes that kill momentum before you even start
- How to know if your idea is worth pursuing — or scrapping
🎧 Available on Spotify, Apple, and all podcast platforms
📲 Follow us for weekly startup insights:
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#startitorscrapit #Entrepreneurship #StartupAdvice #HowToStartABusiness #BusinessTips #SmallBusiness #LLC #Branding
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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 understand what confidence really looks like in entrepreneurship.
📲 Follow us for weekly insights:
IG → https://instagram.com/startitorscrapit
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#startitorscrapit #Entrepreneurship #Confidence #StartupAdvice #Leadership #SmallBusiness
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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
- How to know when to say “no” to a client (and why it’ll save your sanity)
- The truth about side hustles, failures, and what real success looks like
- How social media hype skews entrepreneurs’ expectations
This episode is packed with real talk for founders who are tired of get-rich-quick hype and want the unvarnished truth about what it takes to grow.
📢 Follow us for more startup insights:
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🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/
#startitorscrapit #Entrepreneurship #StartupAdvice #OvernightSuccess #SmallBusiness #BusinessGrowth
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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 underrated growth strategy in business
Whether you’re launching a side hustle or scaling your company, this episode will help you avoid the distractions that kill momentum.
📲 Follow us for weekly startup insights:
IG → https://instagram.com/startitorscrapit
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#startitorscrapit #ShinyObjectSyndrome #StartupAdvice #Entrepreneurship #BusinessFocus #SmallBusinessGrowth
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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 & more
-Why “follow your passion” isn’t enough — you need a business model
-Lessons from Reddit founders on testing, scaling, and scrapping
🎧 Listen on Spotify, Apple & all podcast platforms
📲 Follow us for weekly content:
IG → https://instagram.com/startitorscrapit
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#startitorscrapit #entrepreneurship #startupadvice #sidehustles #founderjourney #smallbusinesstips #businessgrowth #hiring #businesstips
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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 businesses that grew too fast (and what went wrong)
Whether you’re a solopreneur or running a small team, this episode will give you a framework to approach growth strategically, not emotionally.
🎧 Listen on Spotify, Apple & all podcast platforms
📲 Follow us for weekly content:
IG → https://instagram.com/startitorscrapit
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#BusinessGrowth #SmartScaling #StartupAdvice #Entrepreneurship #SmallBusinessTips #ScaleSmart #startitorscrapit
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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 side hustle and day job and share strategies that go beyond the usual fluff.
🎙 Full episode: https://youtu.be/rrbn9BmoQZ0
✅ Follow for weekly startup and productivity insights:
IG → startitorscrapit
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#TimeManagement #StartupLife #ProductivityTips #Entrepreneurship #startitorscrapit
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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 handling employees at top pay, dealing with unpredictable clients, and how to keep your business afloat during economic uncertainty.
🎯 You’ll Learn:
Why hiring friends or family can be riskier than you think
How to protect personal relationships while growing your team
When to use contractors vs. full-time employees
How to plan for pay ceilings without destroying morale
⏱️ Timestamps:
00:00 – Should you hire your friend?
10:00 – Stories of business partnerships gone wrong
20:00 – Family businesses and how to set clear boundaries
30:00 – Employees hitting top pay ceilings
40:00 – Navigating client drop-offs during uncertain times
1:00:00 – Tactical ways to market your small business when times are tough
1:15:00 – Free marketing at Shopping Centers
1:19:45 – New shop stealing old customers
1:32:56 – The guys call it a show!
👉 Watch the full episode now: https://youtu.be/3Z0DkXb7VDI
📲 Follow us:
IG → https://instagram.com/startitorscrapit
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X → https://x.com/StartItScrapIt
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🎧 Full episodes on Spotify, Apple, and all major podcast platforms
#HiringTips #SmallBusiness #Entrepreneurship #StartItOrScrapIt
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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 give you.
🎙️ Start It or Scrap It is available on YouTube, Spotify, Apple Podcasts, and all major platforms.
📱Follow us for weekly clips and updates:
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#JobSearch #CareerAdvice #LinkedInTips #GetHired2025 #StartItOrScrapIt
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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 business ideas don’t need funding—they need better execution
🔍 We also break down 5 Reddit business posts and explain what worked and what didn’t.
🎥 Watch now and level up your startup game.
📲 Follow us:
IG → https://instagram.com/startitorscrapit
TikTok → https://tiktok.com/@start.it.or.scrap.it
X → https://x.com/StartItScrapIt
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✅ Full episodes on Spotify, Apple, and all major podcast platforms.
#Startups #BusinessTips #NDA #Entrepreneurship #ServiceBusiness #Trademark
From the publisher's feed
Start It or Scrap It is the ultimate brainstorming session you didn’t know you needed! Join Mike Terkanian, a seasoned business attorney with a knack for spotting potential pitfalls, and Mr.…
Ready to Start It or Scrap It? Tune in now!