Mike Michalowicz
speaker
1,537 appearances
2 recordings
1 series
first heard Feb 2026
last heard 20 Feb
Mike Michalowicz’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.
Appearances
Everyone for themselves.
And that's absurd.
We instead carve the turkey so everyone can get a piece of turkey on their plate.
Well, the same thing is with our business.
If you have one serving tray of cash and you tell your business, whatever needs it next, we need to hire, we need computer technology, fight for it, they will consume the whole turkey and the rest of the business will starve to death.
So what we're doing in the system is we're setting up plates for every guest at the business table, which we have all these different accounts for.
We carve it up and that way everyone, the entire business is fed and healthy.
It's owner's comp and it's not.
Yeah.
So profit is a reward for taking the risk of starting a business.
Here's the scary statistics.
Only 17% of the population will ever take the risk of starting and operating a business.
And only 20% will do it successfully for at least five years.
So that means 20% times 17%, which is roughly 3%.
Only 3% of the world population will ever run a successful business.
97% of the population is looking to work for a successful business.
Our job as entrepreneurs is to be a creator of jobs.
And the profit account is a reward, is a thank you for taking on this risk that only 3% of the people ever pull off.
So just like if you invest in private stock, I have, or public stock, I own some Ford stock.
Ford sends out distribution check, profit distribution.
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