Proudly Unemployable - The Solopreneur Hour Podcast with Michael O'Neal

   

109: Pay Yourself First, with Mike Michalowicz

mikemProfitability is the lifeline of your business as a solopreneur. Without profits, you really don’t have much of a business. And many of us have little financial education so we don’t know how to generate sustainable profits.

To resolve that issue for us is our guest for episode 109, Mike Michalowicz. Having built and sold two multi-million dollar business early in his career, Mike is a man we can all learn from. In this episode we talk comedy, finances and the joys of being a scrappy solopreneur.

More About This Show

Throughout his career, Mike has almost always been an entrepreneur or solopreneur. However, he did hold two jobs in the past. He was so unemployable at that point that even though he stayed on as an employee after Robert Half International bought his company, he was fired from his role one year later!

Following his natural inclinations as a solopreneur, Mike has explored a variety of media outlets. He created a TV show pilot, hosted news segments on MSNBC and also shared the stage as a keynote speaker with such notables as Guy Kawaski and Michael Gerber.

You'll also discover things like:

  • Exploiting your inner savant and how it’ll help you find your niche.
  • Why business plans don’t work.
  • His thoughts on how to get started in business with little or no money.
  • Why your lack of money in the early stages of your business is actually a GOOD thing.
  • His technique to becoming more profitable and how to apply it.
  • Why he doesn’t mind when people copy him.

Originally I connected with Mike after I stumbled upon his web site, the copy was so cheeky and funny that I reached out to him; I wanted to know if he had written it himself. Indeed he had and after having him on the show, it was clear the copy merely reflects who Mike is as a person. It’s what we like to call brand consistency and it’s one of the keys to his success.

If you enjoyed hearing Mike on this show, send us a Tweet or leave a comment below about your favorite takeaway: maybe you scrapped your business plan or set up your bank accounts. We want to hear from you!


Episode Resources

Mike's web site
Mike on Twitter
Mike on Facebook
Mike's latest book: Profit Up
Solopreneur Hour Ad Survey
E-Myth Revisited
Life Alert commercial
Mike's first book: The Toilet Paper Entrepreneur
Building a BulletProof  Financial System
Art of the Start

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Feedback on the Podcast

If you have any suggestions for upcoming shows or a question for an upcoming episode, leave a comment below.

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8 Responses to 109: Pay Yourself First, with Mike Michalowicz

  1. lucrecer May 12, 2014 at 6:18 pm #

    Awesome show. I always enjoy hearing what Mike has to say. His books are killer!

  2. Josh May 21, 2014 at 12:19 pm #

    I listen to about 75% of your podcasts, Michael. This has to be in the top 5% in terms of solid takeaways. I completely changed the way I looked at my revenue and expense flows and it has made my life so much easier. Thank you!!!

  3. David Ralph May 24, 2014 at 8:15 pm #

    Ive got behind on the shows, and came back to find that Mr Michalowicz was a guest. What a cool guy he is. You know that this conversation is exactly the same as you would get in a bar sinking a few beers with him. When you can find that part of yourself that is so naturally you, you then forget that you are working. You are so playing to your strengths that its just like breathing, but WOW so powerful. And the two of you have hit this sweet spot so perfectly that you cannot fail to be impressed with the effortless professionalism that you both show not just here, but in everything you do. We trail in your wake, as you consistently show us what can be achieved if you are only willing to do “Your Thang!” and be true to your beliefs.

  4. lfaux May 29, 2014 at 5:55 pm #

    I remember checking out his website from one of your previous episodes. He seems like a cool dude.

Trackbacks/Pingbacks

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  3. 131: Making a Memorable Brand & Putting Profit First with Mike Michalowicz | The Solopreneur Hour Podcast - Killer Podcasts with the best and brightest - July 4, 2014

    […] why is he someone we should listen to? As we discussed on his first visit to the show, he has successfully built and sold previous businesses. And then he lost it all. As […]

  4. 109: Pay Yourself First, with Mike Michalowicz ... - August 12, 2014

    […] Paying Yourself First: http://t.co/CY2IONhe6L #financial #books #profit #planning #leadership #entrepreneur  […]

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