The Savvy Wallet Podcast

EP. 166 - £1M Entrepreneur: How Anyone Can Build a £1M+ Online Business ft. Michael Berhane


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In this episode we have Michael Berhane, a software engineer and founder of POCIT a career platform for the underrepresented in tech.


In this episode we discuss:

- How he scaled POCIT to 7 figures but then had to PIVOT the business

- Dealing with anxiety whilst growing the business

- How being a CEO is like being a parent

- Wealth building strategy to retire early

- Biggest surprises of 7 years of entrepreneurship

- How you're losing to people you're better than

- Impact AI will have in the next 5 years and more


Connect with Michael:

Instagram: https://www.instagram.com/michaelberhane_

Techish Podcast: https://www.youtube.com/@techishpod



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TIMESTAMPS

0:00 - Savvy Wallet Ad

0:18 - Preview

1:27 - Intro

2:03 - Meet Entrepreneur Michael Berhane

3:34 - Growing up in North West London

9:37 - How my life experiences shaped me

13:03 - Why I started POCIT

16:46 - Tide Ad

18:10 - How I made me first $100 with my business

21:06 - Why Entrepreneurs should build an audience first!

28:37 - The book that made me quit my job

31:24 - Key Challenges in building my business

37:18 - Founder should share their business with their employees!

38:40 - Pro’s and cons of having a team

42:57 - We generated 7 figures but then how to pivot our business

47:23 - Vision for my business

50:34 - Biggest surprises from 7 years of entrepreneurship

52:55 - Habits, skills that enabled my business to flourish

57:13 - Biggest adversity as an entrepreneur

1:05:00 - Ingredients of a successful entrepreneur

1:09:25 - My building wealth strategy

1:13:34 - Cons of my wealth building strategy

1:18:08 - The plan to retire early!

1:20:45 - Investing startups

1:23:45 - Why I invested in Tressly Co- Founder, Antoinette

1:27:26 - What impact will AI have on the next 5 years

1:32:42 - Final words

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