Episode 85
E85 - Preparation for Long-Term Commercial Real Estate Investing Success with Shane Melanson
Mike is the creator of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. He is the creator of Clockwork, a powerful method to make any business run on automatic. And his latest, arguably most impactful discovery, is Fix This Next. In Fix This Next, Mike details the strategy businesses can use to determine what to do, in what order, to ensure healthy, fast, permanent growth (and avoid debilitating distractions). Today, Mike leads two new multi-million-dollar ventures, as he tests his latest business research for his books.
In this episode, Tyler and Mike’s discussion focused on the “getting to give” mindset, Michael's mission of eradicating entrepreneurial poverty, and other entrepreneurial nuggets of wisdom. They discussed what makes a sustainable businesses successful, what’s fundamentally wrong with many non-profits, the difference between being broke and poor, the identity of entrepreneurial poverty, and defining shareholders and business stewards.
Other topics included the “positivity or death” mindset, refraining from a comparative state, the first key to building confidence, Mike’s practice of writing notes to his future self to mitigate personal lows and highs, the two elements of Mike’s writing process, creating a group of mentors you want to be around and more!
Connect with Mike:
Website: https://mikemichalowicz.com/
Twitter: https://twitter.com/MikeMichalowicz
Facebook: https://www.facebook.com/MikeMichalowiczFanPage/
Instagram: https://www.instagram.com/mikemichalowicz/
The following books were mentioned in the show:
Rejection Proof, by Jia Jang
One Red Paper Clip, by Kyle MacDonald
Indistractable, by Nir Ayal and Julie Li
Marketing Made Simple, by Don Miller
Apply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.
This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.