243. AMMA — Success Without Safety Nets: The Entrepreneurial Journey

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Management, Business, Marketing, Entrepreneurship

5.0 • 538 Ratings

🗓️ 5 March 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a world where success is far from guaranteed, how do you navigate the path of uncertainty toward your goals? In this thought-provoking episode of The Game Changing Attorney Podcast, Michael and Jessica Mogill delve into the raw truths of business ownership and the mindset required to succeed. Join us as we explore: How to guarantee you’ll never achieve your goals Why the most valuable lessons are learned through experience and failure The key difference between ambition and commitment ---- Show Notes: 06:05 – The brutal truth: Business is the hardest thing you will ever do. I try to discourage people from entrepreneurship because they watch a lot of Shark Tank and they think that they're all going to make millions of dollars. The reality of it is that the majority of them will never do that 07:30 – Risk vs. reward: If you look at the statistics, there's a greater chance that you won't succeed than there's the chance that you will succeed — especially if you have aspirational goals. 11:00 – Everyone’s replaceable: There are 8 billion people on this planet. By the way, whoever you believe was a rock star, you may find another one who's even better — and you probably will, because your standards change and evolve. There are graveyards full of ‘irreplaceable’ people. 18:01 – Commitment’s silent sacrifices: The results that you see from the people you admire is work that's done in the shadows. That's work that you don't see on social media. 19:23 – B*tch or beast: The majority of businesses do not grow to seven figures or eight figures. You want to know why that is? Because the majority of people are not willing to do what it takes. You’ve got to decide which one you are: b*tch or beast? I don't know what else to tell you. Not everyone is built for this. ---- Links & Resources Joe Rogan Podcast Huberman Lab Podcast Shark Tank TikTok Fugazi Crisp Coach Netflix ---- Listening to this episode but want to watch it? Check it out on Spotify. Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #113 Kevin O’Leary – The Entrepreneurial Journey: Inside the Mind of Mr. Wonderful #158 Alex Hormozi – The Power of Humility in Achieving Entrepreneurial Success #230 AMMA – How to Achieve Bigger Goals

Transcript

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0:00.0	The majority of businesses do not grow to seven figures or eight figures.
0:05.5	You want to know why that is?
0:06.8	Because the majority of people are not willing to do what it takes.
0:09.7	And I don't know what to tell you because the ones that do succeed,
0:12.4	they don't go in with a fucking contingency plan.
0:25.8	I'm Michael Logel, founder and CEO of Crisp, the nation's number one law from growth company.
0:28.5	I've built my business through practice, not theory.
0:33.9	Crisp started with just $500 to my name and has grown to over eight figures in revenue over the last few years,
0:38.2	earning a spot on the Inc 500 list of the fastest growing private companies in America.
0:42.2	Our approach has been to take everything we've learned about generating massive growth within our own organization and help the country's most ambitious and committed in law firm owners
0:46.2	do the same for theirs. In each episode of this podcast, I sit down with innovative market
0:50.6	leaders from the legal industry and beyond to learn from those who thrive
0:54.2	in the face of adversity, challenge the status quo, and define what it means to be a true
0:58.5	game changer.
0:59.8	This is Jessica, head of coaching strategy at Chris, and today we're flipping the script
1:04.4	for another special edition episode to get Michael's take on, how to guarantee you'll never
1:09.2	achieve your goals, why the most valuable
1:11.6	lessons are learned through experience and failure, and the key difference between ambition
1:16.5	and commitment.
1:18.3	Generally, ambition is something where it's like, you know, I'd really like to lose 10 pounds.
1:22.7	Commitment is, I'm going to be, like, you start tracking when you're eating, you start
1:27.2	making sure you take all the junk food out of your house, you commit to certain exercise targets, you're doing all the work. Everything else is ambition.
	...

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