Nov 20, 2020
Personal brands are a lot like golfers — they lie about their score. Today we recap the key takeaways from our conversation with successful entrepreneur and business fixer Mike Michalowicz, who highlights that your high score, whether it’s your revenue or follower count, is nowhere near as important as your profit. As we open this episode, host Rory Vaden reflects on the fallacy of top-line thinking, emphasizing Mike’s point that your profit margin indicates how healthy your business is. On the topic of building healthy businesses, we explore the difference between income and equity value before diving into why companies with high equity aren’t dependent on their founders. Our final takeaway, we focus on the biggest challenges that entrepreneurs face and how you can develop systems to both identify and then solve your business problems. A profound episode for anyone interested in scaling their business, tune in for more of our top insights from our discussion with Mike Michalowicz.