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, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
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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, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
Boring Businesses Make the Most Money | Ep. 47 | Start It or Scrap It Podcast
Start It or Scrap It
1 hour 3 minutes
1 month ago
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 entrepreneurs find profit in the “unsexy” corners of business. They also dive into the rise of AI in small business — from a 60-year-old carpenter catching hate online to the blurred lines between creativity, automation, and copyright. Topics include: - How...
Start It or Scrap It
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, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
