George McGehrin worked for Big 4 Consulting in NYC before getting recruited to a small startup in Miami, but it wasn’t long until he found himself unemployed.
Jump forward a few months, he started his own firm and found himself with more than 50 clients, all of which were in the same industry.
The 2008 economic crisis hit and George lost everything… Again.
This left him with two options – give up or learn from the failures and become even better.
Today, George is the Founder and President of The McGehrin Group, an avid entrepreneur, an Oxford graduate,an ultramarathon runner, and a true believer in “Make it happen, no matter what!”
In this episode of the Rock Your Money, Rock Your Life podcast, George and I discuss why he chose not to quit after failing multiple times, the reason he was so well prepared for the COVID-19 pandemic, and how he has the ability to pivot and adapt to any situation and always come out on top.
What You’ll Learn from this Episode:
- How failure is your best teacher and friend
- The biggest mistake you can make when choosing clients
- The power of your beliefs – if you believe it, you can achieve it
- And much more!
00:00 – Intro to George
01:10 – Peaks and valleys
05:30 – An Extreme Emotional Event
08:20 – The inner narrative of the entrepreneur
10:00 – From zero to hero back to zero BACK to hero
14:16 – Preparing for the storm
17:20 – Puppy love
19:45 – What is your identity
20:59 – The power of beliefs
22:20 – Energy
24:40 – Leaders keep on making decisions
26:00 – Pivot and adapt
29:00 – The nickel and dime deals
31:05 – Connect with George
“You need to dissect the bad. What did I learn? What can I do differently? What was my fault and what was not my fault?” – George McGehrin
“Don’t get sucked into one type of industry or one type of client.” – George McGehrin
“As a business owner, the larger deals are always easier than the nickel and dime, small thinker deals. If you have a choice between two tasks, like, the $80,000 deal or the $800 deal, even if it’s the best client you’ve ever had that gives you 800 bucks, go after the big one because eventually it’s the same amount of work.” – George McGehrin