From Bankruptcy to becoming the FAIL Coach

Scott Mulvaney — Thu, 30 Apr 2020 11:00:00 +0000

Have Your Learned To Succeed Through Failure? Today We Chat With The FAIL Coach Himself, Miha Matlievski:

One business coach has forged his approach to helping entrepreneurs and business executives by using a monumental personal failure and eventual redemption to help get others where they need to go to find their personal success and fulfillment.

At just 18 years old, Miha Matlievski, a Slovenian high school dropout, dreamed of becoming a successful entrepreneur. And he pursued it with a passion, putting in 12 years of hard work that resulted in four successful businesses and a personal net worth of $15M.

But in December 2009, an unexpected call from his bank, which had decided to foreclose on his real estate investments, brought his world crashing down around him. That one negative event instigated an avalanche of ruin for him and his businesses, resulting in his four, once-successful companies going bankrupt.

QUOTE: Try not to become a man of success, but rather try to become a man of value. ~ Albert Einstein

Top 3 Hot Point Takeaways:

Burnout Awareness
The Power of Systems
The Importance of Life Balance

Today’s Resource Links from the Podcast:

Website: www.fail.coach

Website FrameWork4Freedom program: www.framework4freedom.com

Facebook: https://www.facebook.com/matlievski.miha

Facebook page: https://www.facebook.com/FailCoach

Twitter: https://twitter.com/fail_coach

Instagram: https://www.instagram.com/failcoach/

LinkedIn: https://www.linkedin.com/in/mihamatlievski/

Watch us on YouTube:

Timestamped Show Notes:

00:30 – Introduction

10:00 – What you’re building is a cascading effect of negative results because you can only go so long that way and then you’re going to burn out. You’re going to reach a point where referring to your website, “I was literally ready to throw myself over the balcony”. I mean, that’s a pretty strong statement!

20:00 – The thing was, why all that happened to me, I was that crazy, winging it type of entrepreneur and not laying down any foundations. When I talk about those times, I always reference the Three Little Pigs story, and all my businesses were that first house made out of straws. When the first wind of crisis blew in, bam, it was a domino effect. Because of that, I went through depression, anxiety, darkness, suicide attempts, and so on. Until I had the aha moment and I was able to figure out that I had to take ownership of every mistake that I did in the past that led me to that failure. Then, I could start working on my personal goals and business development.

30:00 – What I see with my clients is often, I see bigger things for them than what they can see. But that’s because I was there where they weren’t yet. So it’s much easier to see and to set big goals, because, for me, eight figures, nine figures, etc, I was there. I know how to do that, I can do it again. That’s the difference.

40:00 – I was actually very stupid with my money, spending it like crazy because I could just keep making more at the time.

50:00 – You are that momentum builder and you must create a system that can then move forward. If it relies on you 24-7, 365 days a year, then that’s not scalable. You can’t create the momentum to create a movement that can go around the world. You can’t, you simply and physically can’t. So I’m not expecting me to be the one who saves the world from failure. I just want to help. More people are talking about failure, yes, but they’re still brushing it off too casually. This subject is very important.

53:00 – Final Words

Our Final Words of the Show:

I’m guessing a majority of your audience is entrepreneurs or future entrepreneurs. So I’ll say this, the number one thing that you need as an entrepreneur is a healthy relationship with failure. That’s one thing that you will be faced with a lot and you need to know how to deal with it. The second thing that’s super, super important, is that you must build a foundation, and always go back to the foundation when you want to go to the next step. It’s just like building a house. You start with a foundation, you don’t start with the second floor. Then when you say, oh, now I want to make my house larger, you can always go back and make sure that your foundation(s) are in place for that bigger house. This same point goes for your business. I know it’s boring, I know. It feels like oh, I don’t need this. It’s so, so, so important, especially if you want to have a sustainable, long-term, and profitable business.

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115: Nearly Bankrupt Twice, Ghostwriting, and Legal Nurse Businesses

Scott Mulvaney — Mon, 02 Oct 2017 14:00:00 +0000

2x Bankruptcy Recovery, Ghostwriting, and the world of Legal Nurse Businesses:

Pat Iyer understands financial struggles. She went from near bankruptcy (twice) to becoming a millionaire. She shares her inspiring story with others. She is a nurse entrepreneur who successfully sold her legal nurse consulting business and is now a ghostwriter, coaching, and author.

You’re going through this world once, there’s no return trip. ~ Pat Iyer

On This Episode You Will Hear:

[spp-timestamp time=”00:30″] Intro of Patricia Iyer after meeting and speaking at MAPCON.
[spp-timestamp time=”24:00″] Benefits of Ghostwriting.
[spp-timestamp time=”46:15″] Final Words

[spp-tweet tweet=”You’re going through this world once, there’s no return trip. @patiyer “]

Links and Resources:

People Mentioned:

Final Words:

Pat encourages us to look at what we really want to do. This is especially important if you’re looking at building a business or expanding one.

Do your research but don’t be held back by fear. There will be times that you stumble, we all have stumbled, we all make mistakes. It makes us stronger people. She would rather you take a risk and do something that you really want to do rather than be held back and have regrets.

Regrets will destroy your will, they’ll destroy your mood, they’ll destroy your happiness. You’re going through this world once, there’s no return trip. Do what you need to do for your own happiness, satisfaction, and financial security in this lifetime.

Action Steps:

Please Submit an iTunes Show Rating & Review, we need more reviews to increase our ranking and appearance. We love 5 Stars!
Join THE FUEL TANK our community on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Be sure to check out our Resources and a reminder to “Keep Living The Fired Up Epic Life everyone!” #LIVETHEFUEL

The post 115: Nearly Bankrupt Twice, Ghostwriting, and Legal Nurse Businesses appeared first on LIVETHEFUEL.

Bankruptcy – LIVETHEFUEL