Are You Stuck? Fall in Love with Your Business Again – Mike Searls [RR 808]
Recorded Live at the 2022 Transformers Summit with Mike Searls, President of ThiN AiR Brand, a toy company. Mike is a serial entrepreneur and he brings his passion for reinvigorating businesses to this episode. His secret? Find out what works and do more of that, find out what doesn’t work and stop doing that, the faster you can do that, the faster you grow.
Mike Searls, President at THiN AiR Brand
Show Notes:
- 95% of companies never make it to 1 million dollars.
- When business owners are unable to change or unwilling to change, they tend to stagnate, hit that glass ceiling, and they can’t grow
- In business, your job is to find out what works and do more of that, find out what doesn’t work and stop doing that, the faster you can do that, the faster you grow.
- Money makes you more of what you already are. So if you’re a good operator, money can be great, but if you’re not a good operator, money will make you an even worse operator
- Most businesses have plenty of lead flow, but they don’t have enough conversion
- Find a problem, solve it, create a system around it, and then delegate it
- Your goal in life as a business owner is to create systems and find people who are better than you
- EOS (Entrepreneurial Operating System)- best results and buy in are from the employees
- What do you want your life to look like? What do you want to accomplish? What do you want to build?
- A lot of entrepreneurs feel like they’re not successful or not achieving their total dreams. They’re not in their passion job. You don’t have to love the industry you’re in to have passion for it, it develops over time. If you love building something and you love winning, you’re in a great industry to do that.
- Take the time to execute, and determine what you want to build, the love will come back
- If you’re finding yourself in a rut, you’re just unable to get to that next level. Fix yourself and get your self-esteem back (health, family etc).
- Start with your service, make sure you’re offering world-class service. Then go to your sales, making sure you’re selling it well so that you’re getting more business. Third, work on your marketing, feed that marketing funnel, and then fourth, work on your operations.
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About the author, Carm Capriotto, AAP
Carm is the founder and host of the Remarkable Results Radio Podcast and the pioneer of automotive aftermarket podcasts. Carm calls on his years of experience in the aftermarket to bring engaging stories from his guests.
Listen to raw, unfiltered, honest, and sincere stories that include insights, trends, best practices, and expertise. Each interview brings an opportunity to learn one new thing through the stories of personal achievement. Many podcast guests tell their story of transformation from working in their business to working on it.
As host of over 1,000 episodes, Carm uses his enthusiasm and passion for the aftermarket especially the service sector to take his listeners on a journey showcasing successful service professionals’ paths to Remarkable Results. He also enjoys interviews with aftermarket industry thought leaders who bring their industry perspectives to his listener.
Follow the podcast on your favorite podcast listening app and always listen to learn just one thing!