Podcast #205: Entrepreneurial Poverty & Why Average Law Firms Lose, with Mike Michalowicz

In this episode with Mike Michalowicz, we talk about some of the main concepts from a few of his books, including the idea of “entrepreneurial poverty” and why most average companies lose.

Mike Michalowicz

Mike Michalowicz Headshot

By his 35th birthday, Mike Michalowicz had founded and sold two multi-million dollar companies. Confident that he had the formula to success, he became an angel investor…and proceeded to lose his entire fortune.

Then he started all over again, driven to find better ways to grow healthy, strong companies. Among other innovative strategies, Mike created the “Profit First Formula”, a way for businesses to ensure profitability from their very next deposit forward.

Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over expert; is a popular keynote speaker on innovative entrepreneurial topics; and is the author of Profit First, Surge, The Pumpkin Plan and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.”

You can follow Mike on Twitter and LinkedIn.

Thanks to Gusto, Podium, and Casetext for sponsoring this episode!

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Transcript

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