 Mike Michalowicz believes that the entrepreneur's secret is believing in oneself; the notion of the "great concept" is secondary to venture capitalists.
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Do you have any business ideas you don't know what do with? Mike Michalowicz's advice might be what you're looking for. On Monday at 7 p.m. in Devlin 010, the Boston College Entrepreneur Society hosted Michalowicz who spoke about the nature of entrepreneurship and his experiences as an entrepreneur.
Michalowicz, a graduate of Virginia Tech, is 36 years old and has owned three companies. He started his first company at 25 and eventually sold it for hundreds of thousands. His second company sold for over $2.5 million a couple of years ago. He started his third company - Obsidian Launch - about a year ago. According to the company's Web site, Obsidian "invests in first-time entrepreneurs and their business concepts" and works "exclusively with first-time entrepreneurs and collegiate entrepreneurs who are passionate about their businesses, launching "entrepreneurial businesses into industry leaders." Michalowicz has helped start four other businesses in the past couple of months.
The most important point in Michalowicz's lecture was understanding that "you believe what you achieve."
"Whether you think you can or think you can't, you're right. This is the entrepreneur's secret," he said.
Many people want to be millionaires or have expensive cars - they want to live the "good life." Getting there, however, is obviously the hard part. One very important part of getting there is believing that you will eventually get there.
To prove this, Michalowicz took $50 from his wallet and offered it to anybody in the audience. After moments of silence and repeated encouragement from Michalowicz, one audience member made a move. This, Michalowicz said, illustrates the difference between those who knew and said they wanted the $50 and those who didn't say they wanted it.
"So many people have limiting beliefs. I can't do it. I don't have enough time. I'm too lazy. It can't be that easy. It's a trick. No one gives away money," he said.
Paul Simister, Your Profit Coach
posted 11/10/07 @ 2:57 AM EST
I like the comment about the €50 dollar.
I've sat in seminars where similar things happen. We just sit there thinking that there must be some trick until some brave soul takes the money. (Continued…)