Straight Talk About Small Business Success

Growth Mindset: Thinking Like An Entrepreneur with Mike Kehoe

Episode Summary

Mike Kehoe lost $280k in MRR when the banks shut down the industry vertical that he processed payments for and, later, another six figures in real estate with a con man. Despite all the difficulties, he’s able to get back on his feet and, after starting his real estate wholesale business, is earning over six figures in revenue monthly. Today, we speak with Mike about the important lessons he learned during the ups and downs of his career: finding the opportunities in failures, leveraging the skills of other people, and creating effective systems to succeed in business.

Episode Notes

[00:01 - 05:33] Opening Segment

• Welcoming Mike Kehoe to the show
• Mike talks about his background, learning from failures, and being inspired by other people’s experiences

[05:34 - 12:07] Success Through Systems

• Seeing himself as a visionary and connecting with integrators
  • Recognizing your weaknesses and hiring people that are better than you
• How Mike is utilizing EOS to accelerate business growth
  • See Traction by Gino Wickman
  • Structure and discipline are vital to stay on track
• There is value in getting a mentor or coach

[12:08 - 16:44] Finding the Best Partner and Team

• The key is to surround yourself with people who share the same values and mindset
• Culture fit always matters

[17:45 - 20:38] Closing Segment

• Mike’s advice to listeners on overcoming setbacks
  • There are always lessons to be learned from mistakes and failures
• Books recommended by Mike
  • Rich Dad Poor Dad by Robert T. Kiyosaki
  • A New Earth by Eckhart Tolle
  • Can’t Hurt Me by David Goggins
• Reach out to Mike!

Connect with Mike! Email him at mike@venture-stack.com and follow him on LinkedIn.

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Tweetable Quotes

“I hear inspirational stories from other people and use other's people's experiences to help me push through an experience that I might be in at the moment.” - Mike Kehoe

“Having a vision for yourself and for your company, if you don't have that, where are you going? What are you doing? No one's leading the ship.”  - Mike Kehoe

“​​I do believe that discipline is freedom, and being disciplined to have a system will, in the end, make you so much more successful.” - Mike Kehoe

“If they're not a culture fit,  even if they're really, really good at what they do, it's a no for us.”  - Mike Kehoe