Episode 806: How to design your business to run itself, with Mike Michalowicz
Our special encore guest today is Mike Michalowicz. He is the author of \u201cProfit First,\u201d \u201cSurge,\u201d \u201cThe Pumpkin Plan,\u201d and his newest release, \u201cClockwork: Design your business to run itself.\u201d By his 35th birthday, Mike had founded and sold two companies - one to private equity and another to a Fortune 500. Today, he is running his third multi-million dollar venture, Profit First Professionals. Now...you may remember Mike and the wisdom he shared during Episode 361. If you haven\u2019t listened to, studied, and applied all he shared during his first interview...I highly encourage you to add Episode 361 to your list of vital priorities.
What you'll learn about in this episode:- The story behind why Mike wrote his latest book, \u201cClockwork\u201d
- The four elements that make up every business
- Why business owners must support all decision-making from their employees when it comes to delegation
- The one thing that entrepreneurs don\u2019t do, but is the most important thing to do
- Why we need to change the reward mechanism from following instructions to achieving outcomes
- Why Mike believes that success comes in stages
- Why it\u2019s critical to identify your queen bee role
- The reason most organizations don\u2019t know the critical function that it should depend on
- Why it\u2019s vital to know the one thing that differentiates you from everyone else
- Why you need to declare a four-week vacation away from your business
- Website: www.mikemichalowicz.com
- Book: "Clockwork"