The ONE Thing

243. Mike Michalowicz | Fix This Next


Listen Later

If you could only choose one of the needs of your business to meet, which would you choose?

Humans have a hierarchy of needs. It starts with psychological needs like water, food, and air. We have a need for safety — personal security, access to resources. We have a need for belonging, love, esteem, and at the very top, self-actualization. And just like humans have a hierarchy of needs, so too do our businesses. As humans, we’re instinctually wired to go for these things, and in the right order, but our businesses are not.

Mike Michalowicz, author of the best-selling book ""Profit First" and the upcoming book “Fix This Next,” talks about how you can adapt your business to focus on the things that matter most, and in the order that makes the most sense.

To learn more, and for the complete show notes, visit: the1thing.com/podcast.

In this episode, you will learn...

  • [04:35] What inspired Mike to write “Fix This Next”
  • [08:54] The 5 levels of business needs
  • [12:58] The recession response pattern
  • [22:31] The mindset that you need to adopt
  • [32:29] Our obligation to sell in this market
  • [36:05] How to figure out what to fix next
  • [37:48] Focusing on profit first
  • [42:43] How to implement the “Fix This Next” model effectively
  • [50:48] The 10-10-10 Method
  • [58:42] Block control

  • Links & Tools From This Episode

    • Learn more: mikemotorbike.com
    • Read: "Profit First"
    • Read: “Fix This Next
    • Twitter: @MikeMichalowicz
    • Facebook: MikeMichalowiczFanPage
    • Instagram: @mikemichalowicz

    • Mentioned in this episode:

      Factor 75

      Head to FactorMeals.com/one50 and use code one50 to get 50%

      off. That’s code one50 at FactorMeals.com/one50 to get 50% off!

      Factor 75

      ...more
      View all episodesView all episodes
      Download on the App Store

      The ONE ThingBy Keller Podcast Network

      • 4.8
      • 4.8
      • 4.8
      • 4.8
      • 4.8

      4.8

      1,084 ratings


      More shows like The ONE Thing

      View all
      Achieve Your Goals with Hal Elrod by Hal Elrod

      Achieve Your Goals with Hal Elrod

      1,330 Listeners

      Motivation with Brendon Burchard by Brendon Burchard

      Motivation with Brendon Burchard

      3,627 Listeners

      Real Estate Rockstars Podcast by Aaron Amuchastegui

      Real Estate Rockstars Podcast

      876 Listeners

      The Learning Leader Show With Ryan Hawk by Ryan Hawk

      The Learning Leader Show With Ryan Hawk

      1,291 Listeners

      The Tom Ferry Podcast Experience by Tom Ferry

      The Tom Ferry Podcast Experience

      1,124 Listeners

      It's a Good Life by Brian Buffini

      It's a Good Life

      2,510 Listeners

      THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

      THE ED MYLETT SHOW

      14,054 Listeners

      Keeping It Real Podcast • Secrets Of Top 1% REALTORS ® • Interviews With Real Estate Brokers & Agents by D.J. Paris

      Keeping It Real Podcast • Secrets Of Top 1% REALTORS ® • Interviews With Real Estate Brokers & Agents

      270 Listeners

      The Game with Alex Hormozi by Alex Hormozi

      The Game with Alex Hormozi

      4,384 Listeners

      Massive Agent Podcast by Dustin Brohm

      Massive Agent Podcast

      334 Listeners

      FranklinCovey On Leadership by FranklinCovey

      FranklinCovey On Leadership

      213 Listeners

      The Ninja Selling Podcast by Ninja Selling

      The Ninja Selling Podcast

      327 Listeners

      DarrenDaily On-Demand by Darren Hardy LLC

      DarrenDaily On-Demand

      1,736 Listeners

      Empire Building by Keller Podcast Network

      Empire Building

      423 Listeners

      The BetterLife Podcast by Brandon Turner and Cam Cathcart

      The BetterLife Podcast

      842 Listeners

      The Color of Money | Transformative Conversations for Wealth Building by Keller Podcast Network

      The Color of Money | Transformative Conversations for Wealth Building

      30 Listeners

      The Millionaire Real Estate Agent | The MREA Podcast by Keller Podcast Network

      The Millionaire Real Estate Agent | The MREA Podcast

      366 Listeners

      Think Like A CEO with Gary Keller & Jay Papasan by Keller Podcast Network

      Think Like A CEO with Gary Keller & Jay Papasan

      0 Listeners