056: 8-Figure Exit Strategies & Defending Your Wealth with Mike Brown

Mike Brown is an investor, entrepreneur and the founder of Unbreakable Wealth, a coaching program that aims to help entrepreneurs break through key challenges to hit their next levels of business and financial success.

After flying more than 70 combat missions for the U.S. Navy, Mike pivoted into the world of oil and gas in Texas, eventually founding and scaling a business to $34M in revenue with five employees before making an 8-figure exit.

In today’s episode, Mike shares his views on discipline and risk and how they play into a founder’s journey to scale and sell a business. You’ll also hear Mike talk about key changes he made to his mindset for different milestones in his entrepreneurial journey, how he balances the value between money and lifestyle, and what he’d do differently if he could do it all again.

Key Takeaways with Mike Brown

• What Mike believes is the most powerful wealth-building strategy.
• Why Mike believes it takes a different level of discipline to scale past 7-figures — and what that discipline entails.
• Mike's biggest mistake and what he would've done differently in his business ventures.
• Mike's 3-step action plan for reestablishing his relationship with money after becoming a multi-millionaire.
• The two big questions Mike had to answer after exiting his oil and gas company.
• Mike's answer for entrepreneurs who ask, "What if I lose my edge?"
• Weighing the effect of gradual progress vs. daily intensity.
• Why Mike doesn't believe in goal-setting — and what he does instead.
• Balancing maximizing revenue with lifestyle priorities and why Mike chose not to attempt to scale to 9-figures.
• The mindset shift from being an accumulator of wealth to being a defender of wealth.
• Why Mike doesn't believe hard work is the leading factor in success.
• Mike's experience with balancing internal happiness with external validation.
• The importance of accountability partners for financial decision-making.
• The overlap of mentalities between combat, endurance sports and business.

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