May 19, 2014
In 1994 Mike Searls excitedly started a company with expectations of greatness. He had a professional business plan and grand ideas and was a hard worker.
Within four years he had nearly lost it all. he was out of money and owed 7-figures to dozens of creditors. His credit cards were maxed out, he had cashed in his retirement accounts and had to sell his house. He was faced with law suits, foreclosure and mounting debt..
Three separate attorneys advised him to “shut it down and go get a real job at a local suitcase factory.”
He was driving a smoking Ford Taurus held together with duct tape and cardboard for a window. The owner of the parking lot where his office was located asked him to remove my car because it was an embarrassment.
That’s the day it all changed.
Hear his story today.
I tried front-loading my business…hiring ahead of the curve…getting more space than I needed and thinking I would grow into it. It created a bad situation that almost caused me to lose it all more than once.”
When he sold his company, Mike had one sheet of duties and worked about 4 hours per day.
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