Welcome back to the Sprint to Profit podcast. Today we’re talking with Mike Michalowicz, author of some great books about business:
He has also been a part of a reality TV show called Bailout where he traded a contestant’s Mercedes Benz for an ice cream truck. Today we’re going to talk about his thoughts on Amazon businesses, his 30-day challenge for you, his thoughts on sales versus profit, and some topics covered in his books.
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Talking Points:
Resources/Links:
Mike Michalowics’ website: https://mikemichalowicz.com/
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4
The Toilet Paper Entrepreneur: The Tell-it-Like-it-is Guide to Cleaning Up in Business, Even if You Are at the End of Your Roll, by Mike Michalowicz: https://www.amazon.com/s?k=Toilet+Paper+Entrepreneur&i=digital-text&ref=nb_sb_noss_2
The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field, by Mike Michalowicz: https://www.amazon.com/Pumpkin-Plan-Strategy-Remarkable-Business-ebook/dp/B0064VPS24/ref=sr_1_1?crid=1G7WZPW6NQGTJ&dchild=1&keywords=pumpkin+plan&qid=1590523826&s=digital-text&sprefix=Pumpkin+Plan%2Cdigital-text%2C264&sr=1-1
Surge: Time the Marketplace, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna, by Mike Michalowicz: https://www.amazon.com/Surge-Mike-Michalowicz-audiobook/dp/B01EQQ89F6/ref=sr_1_1?dchild=1&keywords=Surge&qid=1590523864&s=digital-text&sr=1-1
Clockwork: Design Your Business to Run Itself, by Mike Michalowicz: https://www.amazon.com/Clockwork-Mike-Michalowicz-audiobook/dp/B07G1K7CMG/ref=sr_1_1?dchild=1&keywords=Clockwork&qid=1590523908&s=audible&sr=1-1
Our Website: https://www.goteamreal.com/
Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/
Quotes:
03:12 – “It’s more of this, kind of, western mindset of like, “We gotta grind it out and hustle and work all the time.’ But the problem is, it doesn’t give our business independence.” – Mike Michalowicz
03:35 – “An entrepreneur is someone who choreographs the resources, the people around them to achieve an outcome.” – Mike Michalowicz
03:55 – “The four-week vacation is the ultimate test that your business [can] run without you and that’s what we want.” – Mike Michalowicz
14:06 – “Regardless of how we define success, everyone has all the elements of life going on. We don’t know their full story so we have something to learn from everybody.” – Mike Michalowicz
14:44 – “The biggest mythology in the world is top-line thinking.” – Mike Michalowicz
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