Kevin SimpsonCPA Web Books · Founder at CPA Web Books

Hire Mike Michalowicz To Speak At Your Event

19 Apr 2013 · 1 min

Watch on YouTube

0:54

In this brief interview segment, speaker A introduces Mike Michalowicz as the founder of Obsidian Launch, a firm that helps businesses become niche industry leaders. Speaker B shares several entrepreneurial concepts: the importance of being the top choice for consumers, the newly coined term “moach” – a hybrid mentor who combines the best traits of a mentor, competitor, or coach and stays closely involved; an anecdote about a New Jersey farmer who grew a half‑ton pumpkin, illustrating that the farmer’s method was only 5% different from others, which B links to the “5% differentiator” that wildly successful entrepreneurs employ. B emphasizes bootstrapping as a discipline that forces strong business foundations, and discusses the psychological power of exclusivity and scarcity, using the “shrimp bowl effect” to show how limited availability heightens desire. The conversation underscores actionable mindsets for entrepreneurs seeking market dominance.

Mike Michalis is the founder of Obsidian Launch, a company that partners with businesses to make them niche industry leaders.
All the winnings go to the number one guy. There's nothing that goes to the losers. You gotta be first or you're done. At least that's what I thought. The best isn't the best in the world. It's the best in the consumer's vision of the world. I think you should look for a moach. This is a word I just termed in my head, but a moach is where you take the best parts of a mentor. Someone that's in the industry, maybe a competitor, a coach, often isn't from your industry, but they'll be with you every step of the way. If you just look for a mentor, they're going to help philanthropically, but they have other things to do too. I read a newspaper.
And on the.
Backside was a story and it says, new Jersey farmer grows half ton pumpkin in there. The journalist interviewed the farmer and said, how do you grow such an extraordinary pumpkin? And his first words were, it's only 5% different than what the other guys do. Which coincidentally, is the 5% of things that wildly, colossally successful entrepreneurs do. Freaking bootstrap. Because it forces discipline. It means you have to form a good, strong, solid business on the few pennies you have. There's a beh tendency going on here. It's called the power of exclusivity or limitation. When something is exclusive, it becomes more desirous. You'll probably believe the shrimp bowl effect I'm about to share. The shrimp goes away like this. There's always one left. Because if you eat that one, you're a pig, right? There's always that one left. Something is limited in its availability. We consume it and desire it more.
You know, a sale has to be summed up very.
Strongly in the last 30 seconds. And they had their opportunity. Sam.