Empowering Entrepreneurs Diverse Perspectives and Networking: Lessons for Entrepreneurs
On this episode of Empowering Entrepreneurs, Glenn and Julie invite special guest Michael Hsu to share his journey as a successful entrepreneur. Michael emphasizes the importance of learning from successful individuals who have already navigated similar paths and the value of networking and building connections.
Michael reflects on his initial foray into accounting, which was initially driven by his mother's persuasion, only to realize it wasn't the right path for him. However, he persevered, starting his first business as a CFO company.
The discussion delves into Michael's transition from a sole entrepreneur to building a business that involves employing others and establishing systems and processes. He emphasizes the importance of expanding one's network and being known by others, highlighting the crucial role networking plays in an entrepreneur's success.
Throughout the episode, Michael shares personal anecdotes and stories that influenced his mindset, such as his dream of building a school for children who dislike traditional education. He believes education is a powerful tool to escape poverty and aims to create a school that helps people upscale themselves and change their mindset.
The conversation also touches upon the challenges of entrepreneurship, the importance of support communities, and the need for encouragement for aspiring entrepreneurs.
He shares his philosophy, encapsulated by a bracelet with the phrase "remember you will die," which serves as a daily reminder to live life to the fullest and pursue one's goals.
Michael's journey exemplifies the resilience and determination required to succeed as an entrepreneur.
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Empowering Moments
00:07 Entrepreneur Michael Sue teaches financial literacy.
05:59 "I was tricked into accounting, but passionate."
10:05 Desire for money, then passion for success.
12:26 Entrepreneurs have a different perspective on life. Their stress is driven by personal goals rather than outside expectations. They often feel misunderstood and lack a community to share their ideas. Measure X Hack aims to provide that community.
14:09 Dreamed of building school for reluctant students.
18:51 Quit job, started outsourcing bookkeeping, thirst for learning.
20:57 Rapid changes in industry, diverse perspectives important.
26:47 Entrepreneurship is difficult, but support is available.
29:45 Encouragement for hesitant entrepreneurs - resources available.
33:34 Believing, lists, money, progress, small wins, success.
38:25 Creating a lasting legacy in entrepreneurship.
41:26 Plenty of lessons learned from past experiences.
43:47 No wrong answer, take chances, learn from failure.
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