Hosted by Armando Roman
Do you strive to cultivate a thriving organization with significant progress? Are you looking for a way to establish an elite business with substantial growth? If so, this episode with Michael Erath has the solution you need to create a successful enterprise with meaningful advancement. Discover how to develop a top-tier company that experiences significant expansion and fulfillment.
In this episode, Michael uncovers the ironies of the business coaching industry, shares his inspiring journey of building a better business after losing everything, and reveals the five obsessions to help entrepreneurial leaders achieve a meaningful return on life.
What You’ll Learn:
- The five obsessions for business greatness: Great People, Inspiring Purpose, Optimized Playbooks, Culture of Performance, and Growing Profits & Cash Flow.
- How to implement personalized approaches as a Sherpa-like guide to help catapult your business to the next level.
- How to achieve a meaningful return on life without compromising personal well-being and relationships.
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About the Guest
In the first 15 years of his career, Michael took over an $8M family manufacturing business which he grew to $45M in revenue with over 200 employees during his 15 years as President & CEO.
Being tied closely to the housing market and due to a significant betrayal from a business partner who eventually served prison time for embezzlement and fraud, during the financial collapse of 2009 Michael lost it all.
Late in 2010, Michael leveraged all that he had and started a new business. It was during the startup of his new business that Michael was introduced to the book Traction®. In Traction, Michael found many of the same tools he had implemented in the past, but this time as part of a more holistic system that filled in many of the missing gaps he experienced when he had tried the “do-it-yourself” route earlier in his career.
Shortly thereafter, Michael began implementing EOS® as the basic foundation in his new business. With EOS® as the foundation, Michael then used his past experience with other systems to plug the holes that exist in EOS®, layering on strategy and cash management tools from Scaling Up; recruiting and hiring A-Player playbooks from Topgrading; and other advanced business tools he had learned over his career and from his time in YPO. This customized approach allowed him to grow the business rapidly and in 2015 make the Inc. 5000. Running the business on a complete and custom-tailored system gave Michael the entrepreneurial freedom to eventually exit the business and focus on his true passion: Taking all that his entrepreneurial life has given him, sharing it openly and vulnerably, and in doing so giving it all back as a full-time business guide.
Since 2015, Michael has been a record holding Certified EOS Implementer®, a Certified Scaling Up Coach and a Certified Pinnacle Business Guide. As the only business guide in the US to have simultaneously held all three certifications, Michael shares from his vast knowledge as well as his more than 20 years of experience in the trenches of the entrepreneurial world to help his clients bring their dreams to reality. Rather than offering a one-size-fits-all solution, Michael guides them in implementing a customized, holistic operating system that can only be done by someone who has lived through it all.
In 2017 Michael wrote about his incredible journey from success, to collapse, to rebuilding based on lessons learned in what has now become an Amazon Best-Seller. His book, RISE: The Reincarnation of an Entrepreneur, is available in print and audio on Amazon.
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