In this episode, Jim Oliver and Mike Michalowicz discuss:

• How losing everything Mike had was the impetus that made him begin researching what makes entrepreneurs successful. 
• How to avoid the trap that business owners face of living crisis to crisis.
• Mike’s latest book, Fix This Next, and other resources that he provides for entrepreneurs.

 

Key Takeaways:

• Profit First is the pay yourself first principle applied to business.
• Don't do the work - delegate the work.
• The biggest challenge a business owner has is knowing what their biggest challenge is. 

 

“I'm not saying entrepreneurship isn't hard work, but it is successful when you do smart work.”         - Mike Michalowicz

 

About Mike Michalowicz: Mike Michalowicz is the entrepreneur behind three multimillion-dollar companies and is the author of Profit First, Clockwork, The Pumpkin Plan, and his newest book, Fix This Next. Mike is a former small business columnist for The Wall Street Journal and regularly travels the globe as an entrepreneurial advocate.

 

Book References:

Fix This Next by Mike Michalowicz

Profit First by Mike Michalowicz

 

Connect with Mike Michalowicz:

Instagram: Mike Michalowicz

Facebook: Mike Michalowicz

Website: Fix This Next & MikeMichaolwicz.com

 

Connect with Jim Oliver:

Facebook: CreateTailwind & Jim Oliver

Website: CreateTailwind.com

YouTube: Create Tailwind

LinkedIn: Jim Oliver