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
71 episodes
How Mr. Beast Actually Succeeded (It’s Not What You Think)
If your business requires you 100% of the time…👉 Do you actually own a business… or did you just create a job for yourself?In this episode of Start It or Scrap It, we break down one of the most controversial truths in entreprene...
How To Start a Side Hustle With No Money (Real Ideas That Work)
What’s the best side hustle you can start with no money?In this episode of Start It or Scrap It, we break down real, practical side hustle ideas that don’t require capital — just execution.We get into:Service-based busin...
How To Protect Your Business When Employees Leave | Ep. 69 | Start It or Scrap It Podcast
What happens when employees leave… and start competing with you?In this episode of Start It or Scrap It, we break down a real-world scenario where a company gets split apart—and what it means for founders, employees, and growth....
The Business Ideas People Are Still Missing
Some of the best business opportunities don’t look obvious at first.In this episode of Start It or Scrap It, we break down ideas, assumptions, and patterns that most people either overlook or misunderstand.We get into:- Wher...
The Future of Virtual Reality + Business Ideas You’re Not Seeing Yet
What does the future of virtual reality actually look like?In this episode of Start It or Scrap It, we break down real business ideas, including a VR concept that might be more viable than you think, and where this technology is actuall...
Why Business Partnerships Fail (And How to Avoid It)
Starting a business is one thing…but building it the right way is something completely different.In this episode of Start It or Scrap It, we break down real questions from founders and entrepreneurs, including:• how to get y...
What To Do When Someone Copies Your Product
What happens when a competitor copies your product?For many entrepreneurs, it’s one of the most frustrating moments in business.In this episode of Start It or Scrap It, our hosts Mike Terkanian and Gummi Sigurdarson discuss:...
Why Entrepreneurs Think Differently Than Everyone Else
What makes entrepreneurs think differently from everyone else?In this episode of Start It or Scrap It, hosts Mike Terkanian and Gummi Sigurdarson explore the mindset that separates entrepreneurs from the average professional.Fro...
The Exact Hire That Changes Everything
Most founders hire based on urgency.Smart founders hire based on stage.In Episode 63 of Start It or Scrap It, we break down:• When to hire generalists• When specialists become necessary• Why hiring timing determines ...
Founder Syndrome: The #1 Reason Businesses Stop Growing
Most founders think their biggest problem is competition.It’s not. It’s control.In this episode, we break down Founder Syndrome — what it is, why it happens, and how it silently prevents businesses from scaling. We also talk about h...
You Can Do Everything Right... And Still Fail
Starting a business isn’t about certainty. It’s about judgment.In Episode 61 we break down:- Why market research isn’t a guarantee- How founders actually make decisions- Why marketing matters more than product early on- ...
Hire or Automate? The Mistake Founders Make Too Early
Most founders don’t fail because they lack ideas they fail because they make the wrong decisions too early.In Episode 60 of Start It or Scrap It, Mike Terkanian and Gummi Sigurdarson break down:- When you should automate instead of ...
Why Most Podcasts Fail (And What Founders Get Wrong)
Most podcasts don’t fail because of bad microphones, bad cameras, or bad editing.They fail because founders misunderstand branding, audience, and consistency.In Episode 59 of Start It or Scrap It, Mike Terkanian and Gummi Sigurd...
How to Become the First Call Your Clients Make
What if the goal wasn’t to close the deal today, but to become the person clients call for everything?In Episode 58 of Start It or Scrap It, we break down why long-term businesses win by prioritizing relationships over commissions, serv...
I Quit My Job… Now What? The Truth About Starting from Scratch
Quitting your job is one thing. Figuring out what comes next is another.In episode 57 of Start It or Scrap It, we talk through the reality that hits after you walk away from a steady paycheck and try to launch your first product. The un...
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...
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...
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...
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,...
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...
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...
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 ...
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...
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, ...
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...
