Episode 197: Leveraging Your Strengths with Derelle Roshell

23 Apr 2018 · 41 min
Episode

23 Apr 2018 · 41 min

0:00

The episode opens with a sponsor message for Abby Connect, followed by light‑hearted banter about weather preferences. Hosts Mike Michalowicz and Kelsey Ayers introduce the show, share a humorous "cookie" analogy that illustrates the Profit First principle of hiding profit to avoid temptation, and thank their corporate partners and community listeners. The main interview features 21‑year‑old entrepreneur Darrell Rochelle, who recounts his upbringing, early desire to be his own boss, and how a school‑based entrepreneurship program (Launch Chattanooga/Co‑Starters) gave him the tools and seed money to launch multiple ventures. He explains how he built a security company by leveraging his Boy Scout/Police Explorer network, hiring younger, community‑connected guards, and positioning the service as a niche that resonates with event‑goers. He also describes relaunching a chocolate brand through private‑labeling with a local chocolatier, using taste‑testing and branding rather than building a factory. Darrell shares his TEDx experience, the mindset shift from an “impoverished” narrative, and offers advice to young entrepreneurs: embrace age as an advantage, take risks, and stay constantly “in the know.” The hosts answer a listener question about how to categorize education and personal‑expense purchases within the Profit First accounting system, clarifying operating versus owner‑comp accounts. The episode ends with typical podcast sign‑offs, sponsor reminders, and a playful wrap‑up.

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