Navigating Hard Choices and Growth in Starting a Podcast

📅 The Daily Talk Show has committed to 10 years of episodes.

💬 They often discuss topics unrelated to current events for a bit of escapism.

👥 The hosts reflect on the decisions and challenges they faced in the last three years of their podcast journey.

👥 The decision to create a company was driven by the aspiration to produce original content and earn income through client work.

✈️ During their trip, the hosts interviewed influential figures and planned the structure of their business without even having a website.

🏢 After returning, they transformed their office space into the headquarters of their production company and started working on projects for clients.

📺 The creators decided to film every episode of their show five days a week.

💰 They hired Mason as a full-time employee and focused on client video work to generate income.

🌟 They attempted to secure advertising for the podcast by creating hype and offering sponsorship opportunities.

💼 In 2019, the hosts faced financial challenges with their podcast due to zero revenue from sponsorships.

🎥 They decided to create vlogs in Los Angeles, hoping it would pay for itself, but it didn't.

💰 With little income and debts to pay, they had to borrow money from their parents to keep the business afloat.

📅 In early 2020, the business faced challenges due to the pandemic and had to outsource work and focus on remote podcasting.

💼 The business received government support called job keeper, which provided financial assistance to pay employees.

💰 The business had to invest in a remote setup and navigate cash flow issues while operating during uncertain times.

🎙️ The team expanded their podcast offerings and collaborated with other creators to create new shows.

🗒️ The podcast started before lockdown with the addition of Tony as a co-host.

💼 Jess joined as the general manager and handled podcast production and sales.

📽️ The focus shifted to video production as it proved to be more profitable than podcast advertising.

💼 The speaker made a difficult decision to make someone's role redundant in order to focus on core competencies.

🤝 The speaker prioritized clear communication and the best outcome for all parties involved.

💡 The speaker emphasized the importance of creating a successful foundation and security in order to celebrate and support others.