Michael Dermer, Founder of The Lonely Entrepreneur | Entrepreneurial Lessons From A Category Creator

Success Story with Scott D. Clary

Success Story Media

Business, Careers, Self-improvement, Education, Entrepreneurship

4.6 • 1.9K Ratings

🗓️ 31 March 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael is an entrepreneur, speaker, lawyer and founder/author of The Lonely Entrepreneur. Michael is considered the founder of not only a company, but an industry – rewarding individuals for healthy behavior. Michael left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior. At the time, rewards in healthcare were not only non-existent – they were offensive. He was told over and over “we will never reward people for things they should be doing to be healthy.” After bootstrapping for a decade, his company received a large private equity investment on October 15, 2008. Then the financial crisis hit. Ten years were gone in ten days. Bankrupt customers. Investment gone. Credit dead. Family dollars at risk. Angry investors. Family relationships on the brink. It would take two years of working 24 hours a day to save what took ten years to build. The perfect storm. It was doomed. Or was it? Today, health rewards are everywhere, he sold IncentOne to industry innovator Welltok and his company is credited with creating the health rewards industry. What resulted was not only a business success, but the discovery of a unique method on how to thrive under the pressure, chaos and burden of being the entrepreneur. The Lonely Entrepreneur was born. Show Links https://twitter.com/michaelgdermer https://lonelyentrepreneur.com/ Book Links (Aff) The Lonely Entrepreneur - https://amzn.to/39vlpfg Show Sponsor (25% Off Code: SUCCESS) https://getmr.com/ Talking Points 00:00 - Michael Dermer, Founder of The Lonely Entrepreneur 00:55 - Career pivot, from law to founder. 04:27 - Early retirement… what’s next? 06:18 - Early entrepreneurial lessons. 12:13 - Thinking like an entrepreneur. 15:35 - How to get your first few customers. 19:27 - Four traits of successful entrepreneurs. Learn more about your ad choices. Visit podcastchoices.com/adchoices Our Sponsors: * Check out Factor: http://factor75.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	One of the most important staples in me being able to maintain energy levels, to look
0:06.1	good, to feel good, to show up with the clear head, clear thoughts, be able to jump on
0:11.5	podcasts, jump on calls, pitch to investors, whatever it is, is my diet.
0:16.3	My diet is always dialed in and it always has been, and it's always been a huge part
0:20.7	of my life.
0:21.7	This is why I've partnered up with Factor.
0:23.3	They are one of my favorite meal delivery services.
0:28.1	They give you chef-crafted meals without any prep or cleanup.
0:32.7	These are chef-prepared, diet-ish and approved, ready to eat meals delivered straight to
0:38.0	your door.
0:39.0	You save time, you eat well, and you stay on track.
0:42.0	And they have tons of different kinds of diets that they cater to.
0:46.4	Protein plus, calorie smart keto, that's usually what I do during the week.
0:50.2	Vegan and vegetarian, chef's choice, whatever it is, they have dialed in incredible meals
0:56.0	for your specific diet, with food that tastes phenomenal.
0:59.4	No wasted time, getting groceries, no pain, incredibly high grocery delivery fees for
1:05.4	same-day service, you prep ahead of time, you get high-quality ingredients, deliver
1:09.8	to your door every single week.
1:11.8	If you are as busy as I am, this is an absolute staple and it is a must-have.
1:16.6	And if you've never tried Factor before, please give them a shot.
1:20.4	One less thing to think about without having to sacrifice.
1:23.8	If you put together a special offer for all listeners, go to FactorMeals.com-SuccessPod50
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