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#25 -Profit-first business model and overcoming failure with Michael Hamoen
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In this episode, Steve and Michael Hamoen in a collaboration with Michael's Vintage Visionaries Podcast, explore the significance of a profit-first business model, the application of old school business values, and lessons from the HVAC space. They discuss overcoming business failure, pivoting to real estate, and mortgages. They also delve into post-pandemic client relationships, the power of community, selective networking, and collaboration in business growth. They highlight the value of mentorship and the role of technology in business expansion. (0:00) Importance of a Profit-First Business Model (1:13) Role of Old School Business Values in Podcasting and Business (3:16) Journey in the HVAC Space: Profit-First Lessons (6:16) Overcoming Business Failure: Opportunities in Real Estate and Mortgages (8:50) Post-Pandemic Client Relationship and Networking (10:34) The Power of Community and Selective Networking in Business Growth (12:20) Collaboration and Best Practices in Real Estate (15:29) The Value of Mentorship in Business Growth (18:52) Role of Mentors in Business Growth and Accountability (20:09) Role of Technology in Business and Podcasting Growth
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