From Poverty to Prosperity – Thrive in a Global Pandemic w/ Mike Michalowicz

Imagine you lost it all … Mike, Author of Fix This Next, lost everything and bounced back. Today he’ll tell you exactly how you can too…

When you look at a successful entrepreneur, all you see are the WINS. You don’t see the failure, the struggle, the pain, and how they took those experiences and learned from them. This global crisis we face as entrepreneurs is just that – a moment to learn, to grow, and to become creative.

By his 35th birthday, Mike had founded and sold two companies – one to private equity and another to a Fortune 500. 

But those are just peak moments from decades of entrepreneurial struggles.

During that time, Mike repeatedly fell victim to his own arrogance and ignorance. 

In addition to those successes, he has also: lost his house once, lost his entire fortune twice, launched ten failed businesses, and experienced years of depression. 

For nearly two decades Mike lived a life of “entrepreneurial poverty” – where he was broke financially, emotionally, and physically.

He became a business author with a clear mission: Eradicate entrepreneurial poverty.

Today Mike is an entrepreneur, business owner, and author of Profit First, Clockwork, Surge, The Pumpkin Plan, and his newest release Fix This Next.

On this episode of the Rock Your Money, Rock Your Life podcast, Mike and I discuss how he went from multimillionaire to broke, the fundamental principles behind a healthy and thriving business, and how Mike’s book, Fix This Next, will aid you in your journey to success.

What You’ll Learn from this Episode:

  • Why you will never succeed if you don’t learn to self promote
  • Epic hiring hacks to use when expanding your business
  • How you can make your business THRIVE during this pandemic 
  • And much more!

“Sell the tell. Trust peoples wallets, not their words”

Topics Covered:

00:00 – Intro to Mike

01:30 – The entrepreneurs’ entrepreneur 

04:33 – Fix This Next

06:14 – The successful entrepreneur

07:55 – Sell it before you make it – promote, promote, promote!

10:20 – Building & selling – the Enron scandal

14:00 – Your money blueprint

15:54 – Hiring hacks 

22:32 – Connect with Mike

23:28 – Mike’s ideal client

Key Takeaways

“I thought pump and dump was the solution to success, but then I realized, no, it’s longevity. It’s being in it for the long game. It’s all the small elements that accumulate.”  – Mike Michalowicz

“Fear is an excellent tool. It’s a motivator. But at a certain point, that fear has to turn into confidence.” – Mike Michalowicz

“If you really know [your product] is better than the competition, you have a damned responsibility to sell, regardless of your fear. Care for your customer if your offering is better.” – Mike Michalowicz

“What’s the one thing your business needs from you now. Not all the things you can do, the one thing that you must do.” – Mike Michalowicz

“Sell the tell. Trust peoples wallets, not their words.” – Mike Michalowicz

“A couple million dollars in revenue is not a couple million dollars in your pocket.” Mike Michalowicz

Connect with Mike Michalowicz:

 

Connect with Rock Thomas:

 

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You must subscribe on Apple Podcasts and post a review to be entered into the weekly drawing. When you email us a screenshot of your review on iTunes, you’ll be entered to win. 

BONUS: Forward to a friend and ask them to email us their screenshot  and you’ll get 3 entries (just make sure they mention your name!). Weekly winners will be announced on upcoming episodes prior to the $10,000 Grand Prize Drawing on Jan 1st 2021.

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