Start It or Scrap It
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. Gummi, a dynamic marketing expert with a flair for turning dreams into reality, as they dive into the wild world of Reddit. Each week, they uncover unique ideas, dissect ambitious plans, and give honest, actionable advice. Whether you're looking to fine-tune your business pitch, pivot a passion project, or find the courage to scrap what’s not working, this duo has you covered.
Laugh, learn, and get inspired—because every great idea deserves a moment in the spotlight (or a reality check).
Ready to Start It or Scrap It? Tune in now!
Episodes
56 episodes
Business Truths Students NEED to Hear (LIVE at Neumann Goretti High School!)
This is a special one.For the first time ever, Start It or Scrap It was recorded LIVE in front of a full student, alumni, and faculty audience at Saints Neumann Goretti High School in South Philadelphia.We were invited by School...
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Episode 56
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1:05:16
Do NOT Form an LLC Until You Watch This (2026 Update)
FORM YOUR LLC in 2026 — the smart way, not the expensive way.In episode 55 of our show, Mike & Gummi break down the real differences between LLCs, S-Corps, DBAs, and C-Corps — and how to avoid the costly filing mistakes that destroy...
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Episode 55
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1:01:48
You’re Trusting the Wrong Thing in Your Business (And It’s Costing You Money)
Most business owners think their problem is marketing. It’s not.In this episode of Start It or Scrap It, we break down why founders trust the wrong signals — platforms, tools, dashboards, and agencies — instead of focusing on what actua...
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Episode 54
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1:03:32
The Real Way Founders Will Scale in 2026 (Buy Back Your Time!)
Most founders don’t fail because their idea is bad —they fail because they try to do everything themselves.In episode 53 of Start It or Scrap It, we break down what it really means to buy back your time — and why delegation, hiring,...
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Episode 53
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1:12:20
You Need a Contract — Here’s Why Most Business Owners Get Burned | Ep. 52 | Start It or Scrap It Podcast
Most business owners don’t think they need a contract…until something goes wrong.In Episode 52 of Start It or Scrap It, Mike and Gummi break down why contracts aren’t about being “formal” or “corporate” — they’re about clarity, prot...
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Episode 52
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1:02:50
The Tech You Actually Need to Run a Business | Ep. 51 | Start It or Scrap It Podcast
Most small business owners waste thousands of dollars a year on tools they don’t need.In Episode 51 of Start It or Scrap It, Mike and Gummi break down how to build the right tech stack for your business — one that actually supports your...
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Episode 51
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1:03:54
How to Profit from Gaming (The Business Most People Miss) | Ep. 50 | Start It or Scrap It Podcast
Everyone wants to “make money in gaming”… but most people chase the wrong business.In Episode 50 of Start It or Scrap It, Mike and Gummi break down why the real profit in gaming isn’t streaming, esports, or selling gear — it’s offering ...
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Episode 50
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1:03:47
Before You Start a Business… Watch This First | Ep. 49 | Start It or Scrap It Podcast
Most people think entrepreneurship is: Start a business → get customers → make money → get rich.But that’s not the real story.In Episode 49, Mike & Gummi break down the actual realities of starting and running a business — t...
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Episode 49
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1:06:34
How to Deal with Rude Customers (Without Losing Your Mind) | Ep. 48 | Start It or Scrap It Podcast
Every business owner has dealt with that customer — the one who emails angrily on a Friday, demands instant responses, or expects Amazon-level service from a small team.In this episode, Mike & Gummi dive into how to set boundaries, ...
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Episode 48
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1:02:34
Boring Businesses Make the Most Money | Ep. 47 | Start It or Scrap It Podcast
Why do the most boring businesses quietly make the most money? In this episode, Mike Terkanian and Gummi Sigurdarson break down why laundromats, pest control, and even septic tank companies can outperform flashier startups — and how real entrep...
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Episode 47
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1:03:39
How Good Is This Idea? 💡You Don’t Need to Reinvent the Wheel | Ep. 46 | Start It or Scrap It Podcast
In this episode of Start It or Scrap It, Mike and Gummi dive into how to know if your business idea is actually good — and why most entrepreneurs overthink originality.💡 Topics we cover:- Why you don’t need a “brand new” idea to...
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Episode 46
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1:07:13
Why You’re Always Busy (But Not Productive)⏰ | Ep. 45 | Start It or Scrap It Podcast
⏰ Are you busy all day but still not getting anywhere? You might be stuck in time sinks — the hidden traps that drain your focus, energy, and momentum.In this episode of Start It or Scrap It, Mike and Gummi go beyond to break down the r...
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Episode 45
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1:05:08
What Golf Teaches You About Leadership, Patience & Winning ⛳ | Ep. 44 | Start It or Scrap It Podcast
Golf isn’t just a game — it’s a playbook for business success.In this episode of Start It or Scrap It, Mike and Gummi tee off on the parallels between golf and entrepreneurship — and why mastering patience, focus, and adaptability on th...
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Episode 44
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1:04:09
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 acquisiti...
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Episode 43
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1:29:45
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 ...
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Episode 42
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1:30:26
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 ...
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Episode 41
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1:24:49
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...
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Episode 40
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1:38:29
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 l...
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Episode 39
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1:07:36
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 tak...
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Episode 38
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1:31:22
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 e...
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Episode 37
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1:35:58
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:
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Episode 36
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1:33:22
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...
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Episode 35
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1:34:12
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:...
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Episode 34
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1:32:21
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 ...
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Episode 33
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1:37:28
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 Linked...
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Episode 32
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1:43:57
