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
Most business owners do not think about insurance until they need it. By then it is almost always too late.
In Episode 79 of Start It or Scrap It, we sit down with Rick Millham Jr. CIC, owner of Millham Companies Inc in Doylestown, PA, a second-generation insurance agency with 35 years in property and casualty insurance. Rick reads every policy. All 300 to 400 pages. He is the kind of advisor who catches the ...
Most small business owners do not know what they need to open a business bank account. Most of them are also at the wrong bank when they need to borrow money. And most of them have no idea that a video with 117 views can generate more business than one with 5.7 million.
Episode 78 of Start It or Scrap It covers all of that and more with Kevin Dolton, a 39-year banker and relationship banking manager at First ...
Your employees are not your friends. Traditional marketing is outperforming digital for a lot of businesses right now. And most people quit right before they hit success.
Episode 77 of Start It or Scrap It is a live question episode, just Mike and Gummi taking real questions from the audience in real time. No script. No guest. Just honest practical answers to the questions founders and operators are actually ...
Is college worth it? Are Ivy League schools actually about the network? And how do you avoid overpaying for an education that may not get your kid where they want to go?
In Episode 76 of Start It or Scrap It, we sit down with Jay London, the College Advice Guy and Independent Educational Consultant, for an honest and practical conversation about one of the most expensive decisions a family will ever mak...
How do you build a business that actually lasts? According to this week's guest, it comes down to one thing: someone has to fully own it, breathe life into it every single day, and hold the standard relentlessly.
In Episode 75 of Start It or Scrap It, we sit down with Phil de Paul, a serial entrepreneur and home services franchise operator on Long Island, NY running both 1-Tom Plumber and United Water R...
How do you get your first 10 paying customers? What does it actually take
to recover from burnout without quitting? And when you're ready to sell —
what do buyers really look for?
In Episode 74 of Start It or Scrap It, we sit down with Alex Booth —
owner of Get CSM, a customer success manager staffing firm, and
Huckleberry Consulting — to break down the re...
AI isn’t coming…
It’s already here.
In this episode of Start It or Scrap It, we break down real-world ways AI is changing how businesses operate, including how it can replace hours (or even hires) when used correctly.
We get into:
- How AI saved hundreds (if not thousands) of hours
- Why businesses are using AI instead of hiring
- The risks of using AI incorrectly (an...
Signing a commercial lease seems simple…
Until the hidden costs start showing up.
In this episode of Start It or Scrap It, we break down what most business owners don’t realize until it’s too late:
👉 Rent is just the beginning.
We get into:
- Hidden costs inside commercial leases
- What “triple net” actually means
- Why repairs and maintenance can ...
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 entrepreneurship.
We get into:
The difference between a business and a self-created job
Why most solopreneurs get stuck
How to build systems that run ...
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 businesses you can start immediately
How to use AI to find the right business for YOU
Why niche markets are more powerful than you think
Real examples of...
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.
We get into:
- Non-competes vs non-solicitation (and what they actually protect)
- Why employees leave and take others with them
- How private equity dea...
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:
- Where people are thinking about business the wrong way
- Opportunities hiding in plain sight
- The gap between ideas and execution
- Real-world insights from actual...
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 actually heading over the next few years.
We also get into:
- How VR and AR could reshape everyday life
- A niche VR business idea and how to monetize it
- Why most p...
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 your first customers
• the difference between working IN your business vs ON your business
• why business partnerships fail (and how to avoid it)
• how to struc...
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:
• What to do when someone copies your product
• When comparisons and demonstrations may fall under fair use
• Why specialized legal advice matters in business<...
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.
From risk tolerance and opportunity recognition to how founders evaluate decisions, the conversation breaks down why entrepreneurs often approach problems, careers, and life in w...
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 your growth ceiling
• How to validate startup ideas before building them
If your business feels stuck, your hiring strategy might be the reason.
Alt Titles
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 hiring, delegation, leadership psychology, and the hard truth every entrepreneur eventually learns:
“If you can’t let go of control, you&rs...
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
- The difference between borrowing money vs giving equity
- Why even well-tested ideas can fail
If you’re building something and waiting for ce...
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 hiring
- Why founders burn out trying to do everything themselves
- The mental roller coaster of building without a playbook
- Why racing to the bottom on price...
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