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!
Start It or Scrap It
Gamifying SaaS, Smart Tax Moves & Working w/ Family | Ep. 23 | Start It or Scrap It Podcast
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
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