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Breakaway Wealth helps inspire, motivate and equip unconventional business owners, investors and wealth builders to break out from the herd and build wealth on our own terms. Through insightful conversations around infinite banking, investing, funding and unconventional deal-making, we'll unlock the secrets to abundance, spot overlooked opportunities and make quantum leaps forward - building wealth faster than most dream possible.

May 19, 2020

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