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017: Mike Michalowicz discusses Profit First

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When? This feed was archived on November 10, 2016 03:08 (7+ y ago). Last successful fetch was on October 10, 2016 23:28 (7+ y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

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Manage episode 75121222 series 67749
Content provided by Chris Samples. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Samples or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Mike founded and sold two multi-million dollar companies. He also managed to lose it all. Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the “Profit First Formula”, a way for businesses to ensure profitability from their very next deposit forward.

Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of three books including Profit First, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”

In this episode, you’ll learn:

- How important living your purpose is to your happiness

- Money is fluid like water if not properly managed

- How dangerous comparison can be to your success

- Why Sam Walton "blew it"

- How liquid courage pushed Mike over the entrepreneurial edge

- How fear both pushes us and paralyzes entrepreneurs

- The combination of fear, confidence, courage, aspiration and purpose to succeed

- Beware of the comfort zone

- The pitfalls of a large runway

- How pumpkin farmers can help us understand entrepreneurship

- How Steve Job's phobia massively improved Apple products

- How uniqueness, repeated demand from top clients, and systemization triad creates the perfect colossal pumpkin seed

- How Mike lost all of his fortune

- The genesis and formula of Profit First

- The importance of master mind groups (peer groups)

- How teaching helps us to master a topic

- The genius behind working less

For all the valuable resources discussed in this episode, go to the show notes at http://thejourneyofsuccess.com/tjos017/

  continue reading

65 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on November 10, 2016 03:08 (7+ y ago). Last successful fetch was on October 10, 2016 23:28 (7+ y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 75121222 series 67749
Content provided by Chris Samples. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Samples or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Mike founded and sold two multi-million dollar companies. He also managed to lose it all. Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the “Profit First Formula”, a way for businesses to ensure profitability from their very next deposit forward.

Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of three books including Profit First, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”

In this episode, you’ll learn:

- How important living your purpose is to your happiness

- Money is fluid like water if not properly managed

- How dangerous comparison can be to your success

- Why Sam Walton "blew it"

- How liquid courage pushed Mike over the entrepreneurial edge

- How fear both pushes us and paralyzes entrepreneurs

- The combination of fear, confidence, courage, aspiration and purpose to succeed

- Beware of the comfort zone

- The pitfalls of a large runway

- How pumpkin farmers can help us understand entrepreneurship

- How Steve Job's phobia massively improved Apple products

- How uniqueness, repeated demand from top clients, and systemization triad creates the perfect colossal pumpkin seed

- How Mike lost all of his fortune

- The genesis and formula of Profit First

- The importance of master mind groups (peer groups)

- How teaching helps us to master a topic

- The genius behind working less

For all the valuable resources discussed in this episode, go to the show notes at http://thejourneyofsuccess.com/tjos017/

  continue reading

65 episodes

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