“I think what we do need is something that gives us a degree of comfort in our lives, however we define that financially, and a degree of comfort in our lives time-wise. A business is meant to serve us, not the other way around.” – Mike Michalowicz
If you’re an entrepreneur working long hours and exhausting yourself to achieve the goals you’ve set for you and your business, this week’s episode is for you. Today, our Finding Brave guest shares his deep expertise on how you can design your business to run itself.
My guest Mike Michalowicz is the author of Profit First, Surge, The Pumpkin Plan, and his newest release is Clockwork. By his 35th birthday, Mike had founded and sold two companies – one to private equity and another to a Fortune 500. Today he is running his third multi-million dollar venture, Profit First Professionals.
Mike is a former small business columnist for The Wall Street Journal and the former business makeover specialist on MSNBC. Over the years, Mike has traveled the globe speaking with thousands of entrepreneurs, and is here today to share the best of what he has learned.
In this episode you’ll learn Mike’s framework for being able to step back from your business, without losing your purpose, along with tips for empowering the people you work with and what you can start doing right now to build a more successful and rewarding personal and professional life.
Highlights from this Episode:
- The overarching theme of Mike’s new book and who it is written for [3:12]
- His thoughts on how women work differently from men [4:47]
- Mike’s “4D Mix” and what we really should be focusing on in our businesses [10:26]
- Ways to start thinking like a true leader and tips for empowering your team [13:44]
- His concept of the “Queen Bee Role,” why it’s so important to our success, and how we can identify it [16:39]
- The one thing we need to be doing right now in our businesses [24:25]
For more information:
Mike’s Latest Book, Clockwork
His Previous Books
Kathy’s and Mike’s Forbes Interview, Why Business Plans Don’t Work And ‘Pivoting’ Is Nonsense
Mike’s Appearance on Best Work Best Life Podcast
Kathy’s Forbes Post, 5 Things I Wish I Knew Before Leaving Corporate Life And Starting My Own Business
“If you own a business or aspire to own a business, sales is the oxygen for it. If you don’t sell, stick a fork in you, you’re done.” (3:24)
“Too many entrepreneurs are so embedded in their business that every waking hour is devoted to working in it, or their mind is chugging away at it, and the only resource that is not replenishable in any form is time.” (3:48)
“A million dollars is an arbitrary number and I am adamant now that the right size business can and will find us.” (6:15)
“True delegating is the assignment not of tasks, which most people think it is, but it’s the assignment of outcomes.” (12:17)
“My promise to my customers is that I’m going to make very complex things very simple.” (23:22)
“Seek out your purpose and have your business be an amplification, a platform, for it.” (24:26)
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