Start It or Scrap It

Start It or Scrap It

By Michael Terkanian and Mr. GummiBusinessEntrepreneurshipTechnologyMarketing
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Start It or Scrap It episodes

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

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    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  
    20:17 – Interesting App Idea
    27:40 – Managing screen time & digital addiction (dopamine scores?)  
    34:55 – The guys provide idea feedback
    42:02 – Hardest First Steps in Starting a Business
    45:10 – Common legal & compliance mistakes to avoid  
    52:00 – Real audience questions and lessons learned
    56:12 – Legal formalities to know about when starting your small business
    01:10:11 – How to structure a business presentation
    01:19:30 – What business should you start in 2025?
    01:33:30 – The guys wrap up the show!

    🙌 Join the community:  
    IG → https://instagram.com/startitorscrapit
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    LinkedIn → https://www.linkedin.com/in/startitorscrapit/
    ✅ Full episodes on Spotify, Apple, and all major podcast platforms.

    📣 Have an idea you want us to review? Drop it in the comments!

    1 hr 35 min
  • Starting a Business? Watch This Before You Sign Anything! | Ep. 29 | Start It or Scrap It Podcast

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    🚀 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
    45:00 - What we’re struggling with right now (honest chat)
    55:00 - Real advice for early entrepreneurs

    💡 What you’ll learn:
    ✔️ Spotting red flags in ‘too good to be true’ offers  
    ✔️ Why so many startups fail and how to bounce back  
    ✔️ How to test ideas before you waste time and money  
    ✔️ Building a business that doesn’t depend on you doing all the work  

    🎙️ Listen to the full episode and share your thoughts in the comments!

    👉 Subscribe for real business talk every week.

    🔗 Connect with us:
    IG → https://instagram.com/startitorscrapit
    TikTok → https://tiktok.com/@start.it.or.scrap.it
    X → https://x.com/StartItScrapIt
    LinkedIn → https://www.linkedin.com/in/startitorscrapit/

    #Startup #Entrepreneurship #BusinessAdvice #SmallBusiness #Podcast #RedditStories

    1 hr 11 min
  • How Real Networking Builds Million-Dollar Deals (Not Clickbait!) | Ep. 28 | Start It or Scrap It

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    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 – Creative ways to build connections
    18:00 – When NOT to work with someone
    23:15 – How bad partnerships destroy wealth
    30:00 – Should you go into business with friends or family?
    38:00 – Stories of partnerships gone wrong
    45:00 – Real talk: when to get a lawyer involved
    50:00 – Tips for young entrepreneurs & parents
    55:00 – Teaching kids smart money habits
    01:07:15 – Outro
     
    📢 Subscribe for raw startup advice!
    IG → https://instagram.com/startitorscrapit
    TikTok → https://tiktok.com/@start.it.or.scrap.it
    X → https://x.com/StartItScrapIt
    LinkedIn → https://www.linkedin.com/in/startitorscrapit/

    #BusinessGrowth #business #money #podcast #Investing #StartupAdvice #Relationships #EntrepreneurLife #startitorscrapit

    1 hr 8 min
  • The Harsh Truth About Startups No One Tells You | Ep. 27 | Start It or Scrap It Podcast

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    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 pitch: Solve problems worth solving
    21:06 – Kid entrepreneurship: $80K sneaker empire at 15!
    39:43 – Exclusive event app: Michelin chef dinners?
    56:00 – Finding a mentor: Free vs. paid advice
    1:09:24 – Quick landing pages: Wix or bust?
    1:21:32 – Burned-out founder: 7 years, no wins—now what?
    1:36:20 – Outro

    📢 Subscribe for raw startup advice!
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    #startitorscrapit #startupideas #redditbusiness #impostersyndrome #foundersyndrome #kidentrepreneur #mentorship #landingpage #entrepreneurship

    1 hr 37 min
  • How This One Networking Insight Changed Everything for Us | Ep. 26 | Start It or Scrap It Podcast

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    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 culture is more important than technical talent
    * The hidden cost of bad hires and bad clients
    * Tactical sales psychology that closes more deals

    ⏱ Timestamps:
    00:00 – Intro
    07:00 – What makes a business actually investable  
    11:20 – AI startup bubble: will it pop?  
    15:45 – Building vs. buying: what we look for  
    18:40 – Bad hires and toxic culture  
    24:00 – Sales mindset: ask better questions  
    30:30 – Our business buying philosophy  
    36:00 – Deep dive: What we loved/what gave us pause  
    42:15 – Culture fit: aligning values with performance  
    48:40 – How we stress-test a pitch before buying  
    55:05 – Negotiation tactics: structuring a deal  
    01:02:20 – Lessons from failure
    01:10:55 – Why we passed on a seemingly great AI idea  
    01:18:30 – Your toughest purchases 
    01:34:43 – Final takeaways

    📲 Want more no-fluff startup insights?
    Follow us everywhere:
    IG → [https://instagram.com/startitorscrapit](https://instagram.com/startitorscrapit)
    TikTok → [https://tiktok.com/@start.it.or.scrap.it](https://tiktok.com/@start.it.or.scrap.it)
    X → [https://x.com/StartItScrapIt]
    LinkedIn → [https://www.linkedin.com/in/startitorscrapit/](https://www.linkedin.com/in/startitorscrapit/)

    #BusinessPodcast #Startups #StartupPitch #SalesTips #AIStartups #SmallBusiness #TeamBuilding #EntrepreneurLife #StartItOrScrapIt

    1 hr 37 min
  • Hiring Nightmares & Entrepreneurship Tips | Ep. 25 | Start It or Scrap It Podcast

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    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 gone wrong
    00:09:04 – Work mindset evolution: gig economy impact
    00:28:08 – IRS-friendly expense tracking strategies
    00:49:02 – E-commerce challenges for late 30s couples
    00:57:02 – The truth behind influencer entrepreneurship hype
    01:24:02 – Should you quit after 3.5 years?  

    📢 Follow us for more real talk on business:
    🔹 Instagram: https://instagram.com/startitorscrapit
    🔹 TikTok: https://tiktok.com/@start.it.or.scrap.it
    🔹 X: https://x.com/StartItScrapIt
    🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/

    #startitorscrapit #entrepreneurtruths #hiringstruggles #ecommerceinsights #expensetips #businessresilience #quitdecision #founderjourney #2025business

    1 hr 39 min
  • How Toxic Employees Kill Culture, Chick-fil-A & Leadership | Ep. 24 | Start It or Scrap It Podcast

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    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
    00:00 – Intro & Weather banter
    01:11 – Amazon Fresh, Chick-fil-A & building intentional culture
    06:15 – Why one bad hire will destroy your business
    10:16 – $0.26 that built a brand loyalist
    13:00 – Customers don’t leave companies, they leave cultures
    19:40 – Firing customers vs. protecting your team
    23:00 – What should a startup CEO do every single day
    26:30 – Selling before MVP: non-negotiables for startup founders
    30:00 – PayPal Mafia, the power of networking, and social capital
    37:00 – Don’t quit your day job (yet): the real emotional toll of startups
    44:00 – Why most first businesses fail (and how it made us better)
    54:00 – Revenue hides your bad habits—until it doesn’t
    1:00:00 – The AI gold rush & historical cycles of innovation
    1:07:00 – Messaging mistakes on startup websites
    1:15:00 – Sales is service: why features don’t sell, but problems do

    📢 Follow us for more real talk on business:
    🔹 Instagram: https://instagram.com/startitorscrapit
    🔹 TikTok: https://tiktok.com/@start.it.or.scrap.it
    🔹 X: https://x.com/StartItScrapIt
    🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/

    #startitorscrapit #startupculture #leadership #entrepreneurtruths #chickfila #badhires #ceoadvice #startuptips #marketing #customerservice #founderlife #paypalmob #mvpadvice

    1 hr 30 min
  • Gamifying SaaS, Smart Tax Moves & Working w/ Family | Ep. 23 | Start It or Scrap It Podcast

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    Welcome back to Start It or Scrap It! In this episode, we dig into the real stories behind LLC missteps, underused tax strategies, gamifying SaaS products, and why working with your kids could be your smartest business move. Whether you're launching a startup or scaling a company, you need to hear this.

    ⏱ Timestamps
    00:00 – Intro
    01:00 – Real client horror stories: LLCs done wrong
    05:00 – What happens when you pocket cash as a contractor
    10:00 – Legal vs. practical consequences of breaking the corporate veil
    13:00 – The $60K tax bill that didn’t need to happen
    16:00 – Who every profitable business owner needs on their team
    20:00 – Why intergenerational entrepreneurship works
    30:00 – How to teach your kids entrepreneurship early
    35:00 – The tree company that started on the way to the bar
    41:00 – More SaaS ideas & startup Q&A
    58:00 – MVPs, Google Forms, and looking professional
    1:05:00 – Course-building AI tools and the future of EdTech
    1:19:00 – Best advice for 18-year-old developers: where to start

    📢 Follow us for more startup insights:
    🔹 Instagram: https://instagram.com/startitorscrapit
    🔹 TikTok: https://tiktok.com/@start.it.or.scrap.it
    🔹 X: https://x.com/StartItScrapIt
    🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/

    #startitorscrapit #entrepreneurship #smallbusiness #llc #businesstips #saas #gamification #edtech #taxstrategy #startupadvice #intergenerationalbusiness #mvp #businessstructure

    1 hr 39 min
  • What Really Makes You an Entrepreneur? | Ep. 22 | Start It or Scrap It Podcast

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    What makes someone an actual entrepreneur? In this episode, we go deep—from your first lemonade stand to the big global AI race. We also dissect product launches, investment trends, MVP timelines, and the psychology of management.

    🎧 Topics Covered:
    00:00 – Intro
    01:05 – China’s DeepSeek AI vs the West
    05:47 – Market panic and tech investor overreaction
    12:47 – Product soft launches & newsletter boosts
    19:13 – How tiny actions create massive impact
    27:11 – Gamification of fitness: Turning workouts into RPGs
    45:07 – MVP in 90 days with $10K: realistic or not?
    52:30 – Discovering new music through social platforms
    1:05:08 – Are your employees your friends?
    1:21:10 – Life lessons from first jobs to building empires

    🔔 Subscribe & turn on notifications!

    📢 Follow us for more startup insights:
    🔹 Instagram: https://instagram.com/startitorscrapit
    🔹 TikTok: https://tiktok.com/@start.it.or.scrap.it
    🔹 X: https://x.com/StartItScrapIt
    🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/

    #entrepreneurmindset #founderlife #startups #ai #gamification #businessadvice #lemonadestandvibes #startitorscrapit

    1 hr 39 min
  • How to Turn an Empty Field into Profit (w/ Joe Cover) | Ep. 21 | Start It or Scrap It Podcast

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    Welcome back to another installment of Start It or Scrap It! 

    📌 Don’t forget to like, comment, and subscribe – it helps more than you know!

    In this jam-packed episode, we cover everything from wild emergency stories to game-changing ideas like AI-powered store assistants and first responder kits. We also hear from a special surprise-guest, Joe Cover (an Online Reputational Manager from Digital One, LLC).

    Whether you’re thinking about turning your empty field into a profit machine or reimagining the grocery experience, this episode’s got something for you.

    ⏰ Timestamps
    00:00 – How to turn an empty field into a business
    00:49 – Wild fire rescue story: jumping from a second story window
    03:22 – Witnessing and helping after a car crash
    06:23 – Real-time iPhone crash detection & speaking to a stranger’s mom
    10:28 – Why people don’t help during emergencies
    13:31 – Emergency car kits: What to always keep with you
    16:23 – Turning a car kit into a business idea
    20:17 – Huge vending machines replacing locked store shelves
    23:55 – AI vs impulse buying in retail
    28:28 – Consumer psychology in grocery stores
    34:00 – Open-source social media? The challenges ahead
    44:32 – Dorm cleaning service: legit or long shot?
    51:02 – The baseball card grading dilemma – and a new solution
    1:01:20 – Card collecting stories and AI grading ideas
    1:15:01 – Empty field in California? Here's what you could grow
    1:24:00 – Organic farming and niche agriculture ideas

    📢 Follow us for more startup insights:
    🔹 Instagram: https://instagram.com/startitorscrapit
    🔹 TikTok: https://tiktok.com/@start.it.or.scrap.it
    🔹 X: https://x.com/StartItScrapIt
    🔹 LinkedIn: https://www.linkedin.com/in/startitorscrapit/

    #StartItOrScrapIt #Entrepreneurship #EmergencyPreparedness #RetailTech #AIinRetail #BaseballCards #GradingCards #BusinessIdeas #SmallBusiness #OrganicFarming #SocialMedia #OpenSourceTech #PodcastClips #StartupTalks

    1 hr 33 min

About Start It or Scrap It

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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.…