#44. Author and Entrepreneur Mike Michalowitz – Eradicating Entrepreneurial Poverty

In this episode, Darren Reinke chats with business author Mike Michalowitz. Mike discusses his entrepreneurial, how he went bankrupt after starting and selling multiple successful companies, how he found his calling of eradicating entrepreneurial poverty, and why psychological ownership is the key to getting the most out of your people.

Mike is the author of seven business books published by Penguin Random House, including Get Different, Profit First and Clockwork, and is the former host of the "Business Rescue" segment for MSNBC's Your Business.

Show Notes:

• Finding your greater why [1:26]
• How Mike’s greater why became eradicating entrepreneurial poverty [3:14]
• How Mike goes about living out his calling [5:33]
• How Mike infuses his purpose within the executives and leaders he helps [7:47]
• The key component most companies miss that costs them high levels of employee engagement [12:26]
• Why psychological ownership is the most important determinant of an individual’s success within their role [15:18]
• Techniques to improve psychological ownership within your organization [18:58]
• Mike’s new book and why he wrote it [21:28]

Links:

• Clockwork.life
• mikemotorbike.com