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Start It or Scrap It

Start It or Scrap It

Written by: Michael Terkanian and Mr. Gummi
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About this listen

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!

© 2026 Start It or Scrap It
Economics Leadership Management & Leadership Marketing Marketing & Sales
Episodes
  • Business Truths Students NEED to Hear (LIVE at Neumann Goretti High School!)
    Feb 5 2026

    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 President Timothy Cairy to come in and not only record an episode but also teach students how a podcast is actually made: from setup, to lighting, to marketing, to the conversation itself.

    During this event, we answered tough questions about:

    - how to start a business at any age
    - what entrepreneurship is REALLY like
    - how to build discipline and avoid burnout
    - why most startups fail
    - how to pick the right business ideas
    - leadership, mindset, patience, and risk-taking
    - what we both wish we knew at 17

    A HUGE thank you to the people who made this live episode possible:

    Timothy Cairy
    Carter Karpinski
    Nikki Kane
    The staff/alumni/student body who attended our event at Saints Neumann Goretti High School

    Your hospitality, energy, and engagement made this one of the most meaningful episodes we’ve ever recorded.

    🎙 About the Show
    Start It or Scrap It is hosted by Mike Terkanian and Gummi Sig. Every week we break down real business problems, startup challenges, leadership lessons, and what it actually takes to build something from scratch. If you're a student, employee, or aspiring entrepreneur trying to figure out where to start: this episode is for you.

    Follow Start It or Scrap It for weekly insights:
    Instagram → https://instagram.com/startitorscrapit
    TikTok → https://tiktok.com/@start.it.or.scrap.it
    X → https://x.com/StartItScrapIt
    LinkedIn → https://www.linkedin.com/in/startitorscrapit/

    Alternative Titles
    Business Truths Students NEED to Hear (Live at Neumann Goretti!)
    We Recorded a LIVE Episode at a High School — Here’s What Happened
    Real Entrepreneurship Advice for Students (Live Audience Episode!)
    The Business Lessons I Wish I Learned at 17 | LIVE Podcast Event
    Students Ask the TOUGHEST Business Questions (Live Episode!)

    #entrepreneurship #businessadvice #students #leadership #startupmindset #neumanngoretti #startitorscrapit #businessowners #motivation #podcastlive

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    1 hr and 5 mins
  • Do NOT Form an LLC Until You Watch This (2026 Update)
    Jan 29 2026

    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 new businesses every year.

    We cover:
    - When you should start an LLC
    - When you absolutely should NOT
    - How to avoid predatory filing services
    - What structure protects you legally
    - What structure saves you money on taxes
    - The REAL timeline for going from “idea” to “legal business”

    If you’re about to start a business in 2026, this episode will save you time, money, and headaches.

    Follow Start It or Scrap It for weekly insights:
    Instagram → https://instagram.com/startitorscrapit
    TikTok → https://tiktok.com/@start.it.or.scrap.it
    X → https://x.com/StartItScrapIt
    LinkedIn → https://www.linkedin.com/in/startitorscrapit/

    Alternate Titles
    2️⃣ “LLC vs S-Corp: The TRUTH Entrepreneurs Need in 2026”
    3️⃣ “Forming an LLC in 2026? Here’s What They Don’t Tell You”
    4️⃣ “Stop Wasting Money on LLC Filings! (Do This Instead)”
    5️⃣ “New Entrepreneurs Make This LLC Mistake Every Time”
    6️⃣ “LLC Setup 2026: What Actually Matters (and What Doesn’t)”
    7️⃣ “LLC in 2026: Should You File Now or Wait?”
    8️⃣ “The Biggest LLC Scam New Business Owners Fall For”
    9️⃣ “LLC vs DBA vs S-Corp: Which One Should You Pick?”
    🔟 “This Will Save You Thousands When Starting a Business”

    #llc #smallbusiness #businessstartup #entrepreneurship #businesslaw #startitorscrapit #legaladvice #businessideas #taxes #2026

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    1 hr and 2 mins
  • You’re Trusting the Wrong Thing in Your Business (And It’s Costing You Money)
    Jan 22 2026

    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 actually drives results.

    We talk about:
    Why ad platforms don’t tell you the full story
    The difference between tools and strategy
    Why throwing money at ads doesn’t fix broken businesses
    How founders misread “data” and miss the real problem
    What you should be paying attention to instead

    If your ads “aren’t working,” this episode will probably make you uncomfortable — and that’s the point.

    Follow Start It or Scrap It for weekly insights:
    Instagram → https://instagram.com/startitorscrapit
    TikTok → https://tiktok.com/@start.it.or.scrap.it
    X → https://x.com/StartItScrapIt
    LinkedIn → https://www.linkedin.com/in/startitorscrapit/

    Alternate Titles
    Why Most Business Owners Trust the Wrong Metrics
    The Biggest Mistake Small Businesses Make With Marketing
    This Is Why Your Ads Aren’t Working

    #Entrepreneurship
    #SmallBusiness
    #Marketing
    #BusinessStrategy
    #Startups
    #FounderAdvice
    #StartItOrScrapIt

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    1 hr and 4 mins
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