George Foreman III may be the son of the two-time world heavyweight champion and Olympic gold medalist, but it's the business lessons he's carried forward from family more than anything.

Today, George feels passion for both boxing and business, with foresight and fortune of an entrepreneur. In this episode, we get a lesson in discipline and putting your ego aside.

Watch the full episode on YouTube

George "Monk" Foreman III says that it was always weird watching his dad on TV, but the fight game didn't get in the way of family life, as his dad gave his kids all the attention they needed and more.

George's own boxing career saw him go 16-0 as a heavyweight, with 15 knockouts. Managed by his father, he spent training time learning how to grind and never give up, dragging vehicles and performing functional fitness movements such as digging and chopping wood. This not only gave George Foreman III his endurance and strength for the ring, but taught him determination and perseverance for his entrepreneurial journey, too.

George Foreman III has always been driven by a passion for boxing in business, ever since his father's instruction to run the combat element of his own training space.

In 2014, George opened EverybodyFights. He'd done his research. Boston was number one city in the nation for percentage of the population with a gym membership. It was also number three in terms of average price paid per membership. Looking into break even points, George's findings meant that his vision and business plan for a boxing gym made total sense.

EverybodyFights has opened five new locations since 2014. New York, Boston, Kentucky, Chicago, and Philadelphia in 2019. Visit everybodyfights.com and unleash your inner fighter.

Episode Highlights

• Learn ways to ensure that nothing or nobody can push you as hard as you're willing to push yourself.
• How to avoid imitation over authenticity in any entrepreneurial venture. Make your decisions based on the belief that your vision is going to work out.
• Give your brain the opportunity to be creative enough so you can execute your vision, regardless of your situation.
• Why doing your research on the competition is important before any business venture, even to the point of where George Foreman III physically ran to and toured every location in Boston to see what he was up against.
• The importance of real estate insight before you even think about what you'd like to do in the building itself.
• Hear the reasons why you're supposed to quit. Why nobody else does what's needed with an innovative venture, and what you need to get through it.
• The best way to market and why it's about authenticity and not just advertising to any particular cultural division, nationality, gender or age group. Make it real.

Join Matthew Januszek in conversation with George Foreman III…