It’s Simply Life

Episode 98: Entrepreneurship simplified with Mike Michalowicz

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In this episode, Lisa speaks with former small business columnist for The Wall Street Journal and business makeover specialist on MSNBC, and popular main stage keynote speaker on innovative entrepreneurial topics; Mike Michalowicz.

Mike is the creator of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. He is the creator of Clockwork, a powerful method to make any business run on automatic. And his latest, arguably most impactful discovery, is Fix This Next. In Fix This Next, Mike details the strategy businesses can use to determine what to do, in what order, to ensure healthy, fast, permanent growth (and avoid debilitating distractions).

 

Key Takeaways

 

  • The ultimate contribution to our economy as an entrepreneur is not to do the work but to be the provider of the jobs
  • You are not just an entrepreneur, you are a shareholder in your small business. You are taking on a risk in order to hopefully gain rewards
  • The most common fear that prevents businesses from growing is thinking “I can’t afford it” meaning, hiring contractors/employees to help scale the business
  • The four D’s of running a business: doing to deciding to delegating to designing outcomes
  • What is your business’ “Queen Bee Role”? - the most important element

    • Where to find Mike: 

    https://mikemichalowicz.com/

     

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    It’s Simply LifeBy Lisa Williams
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