Mike Michalowicz is the entrepreneur behind three multi-million dollar companies and is the author of Profit First, The Pumpkin Plan, and what BusinessWeek deemed the entrepreneur's cult classic, The Toilet Paper Entrepreneur. Mike is a former small business columnist for The Wall Street Journal and the former business makeover specialist on MSNBC. Today Mike travels the world as an entrepreneurial advocate speaking to groups just like ours. He is globally recognized as the guy who "challenges out dated business beliefs" and teaches us what to do about it.
In today's episode, Mike and I discuss the true definition of success. He discusses what is a wealthy life, as well as how to discover your passion and your purpose. We discuss why focusing on the top line, production and collections, is not most important. He discusses his revolutionary concept of taking profit first, and running your business, or your life on what's left. He also discusses the difference between cash in the bank and profits. Finally, Mike shares what dentists should focus on most to achieve true success.