Michael faced the perfect storm when the financial crisis of 2008 nearly destroyed in a matter of days the business he built for ten years. His journey led to a successful sale, a reputation as an industry pioneer, the discovery of The Lonely Entrepreneur and his mission to help entrepreneurs worldwide.
In this episode, Michael Dermer reveals how the “perfect storm” he faced in his business led to the discovery of The Lonely Entrepreneur. Michael watched the business he built over ten years – the first to provide financial rewards for healthy behavior – almost get destroyed in ten days by the financial crisis of 2008. And he discusses how his ability to change perspective was the difference between success and failure. Michael’s story includes:
- details how he left a prestigious law firm to make the entrepreneurial leap
- what it was like to see the business he built over ten years nearly collapse in a week
- the two years of twenty-hour days it would take to save his business
- how his change in perspective led to the successful sale of his business
“The universal problem is the struggle. The real aha moment for me was it wasn’t a different spreadsheet or a business plan. It was my change of perspective that was the key. And that’s what led me to The Lonely Entrepreneur.”
Watch Michael’s Story
About The Lonely Entrepreneur
The Lonely Entrepreneur Podcast series – called Perspectives – help entrepreneurs with the one issue we all face – the struggle – by changing our perspective on the business and personal issues we all face. We share parts of The Lonely Entrepreneur methodology, crazy stories from our journey and interviews with well-known entrepreneurs about how they have succeeded in the face of their own struggles. Passion and grit is not enough – and it is our goal at The Lonely Entrepreneur to provide perspectives to help each of us become better entrepreneurs each day. We believe that the difference between success and failure is your perspective. We hope to help the community of startups, entrepreneurs, small business, venture capital, angels, investors, incubators, accelerators and universities unlock the entrepreneurial spirit.
TAGS: struggle, entrepreneur. startup, lonely, investor, stress, succeed, business, learn, venture, angel, perspective, innovation, solopreneur, success, failure, management, funding, growth, passion, grit