[Preview] The Unmistakable Creativity Hour | Keystone Books That Have Helped Shape Our Lives and Careers
The Unmistakable Creative Podcast
Srinivas Rao
4.8 • 1K Ratings
🗓️ 15 May 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
For this episode, Gareth and I respond to a listener submitted question as we reflect on two of the most noteworthy books that we've ever read: The Wealth of Nations by Adam Smith and Profit First by Mike Michalowicz. Deciding on these was no easy task, however these two books remain pivotal in both of our careers and, undoubtedly, countless others around the world. Hear our thoughts and opinions as well as a few words from Mike Michalowicz himself.
For access to the full episode, visit https://unmistakablecreative.com/backstage/
Here's our interview with Mike Michalowicz, author of Profit First.
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Transcript
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| 0:00.0 | So let's say you sell something for a hundred bucks. Your profit percentage is $30 or 30 percent. |
| 0:05.1 | You're going to take $30 right off the top of that hundred bucks and put it in your pocket |
| 0:10.2 | as profit. And the reason for that is if you don't feed yourself as an entrepreneur, |
| 0:16.5 | you will not sustain yourself, right? Your business will not be sustainable. And |
| 0:22.9 | you're doing everyone a disservice by not taking care of yourself first. And that's kind of the |
| 0:28.9 | method, the thought behind the book, which is funny because I always had a mentality as an |
| 0:36.8 | entrepreneur that I eat last. You know? Yeah. I eat last. We're going to catch the bison. |
| 0:43.1 | We're going to cook the bison. And the whole tribe has to eat. |
| 0:46.8 | Be the family. Yeah. It's like Simon Sinek's like leaders eat last. |
| 0:51.1 | Yeah. And there's something to be said about that thought, right? About that mentality. |
| 0:57.6 | Yeah. But at the same time, if you can't ensure that there's enough bison left over to feed you, |
| 1:03.8 | the whole tribe is going to die, bro. |
| 1:10.2 | I'm Sreeni Rao. And this is the unmistakable creative podcast where you get a window into the |
| 1:14.8 | stories and insights of the most innovative and creative minds who've started movements, |
| 1:19.1 | built driving businesses, written best selling books, and created an insanely interesting art. |
| 1:23.6 | For more, check out our 500 episode archive at unmistakablecreative.com. |
| 1:32.3 | Hey, everybody. Welcome back to the unmistakable creativity hour. You're here with Gareth and |
| 1:38.2 | Sreeni. What's going on, Gareth? I was your Thursday evening going, oh, you know, pretty good, |
| 1:43.0 | man. No complaints. How are you? Good. Although I couldn't start the episode with wine because I'm |
| 1:49.2 | at my parents' house. And the one night of the week where they request that I don't drink before |
| 1:53.8 | seven o'clock is I on Thursdays because they do a pooja. So they're like, after we're done with the |
| 1:58.0 | pooja, you can drink. So I have to start the episode sober. I don't know if that's going to take |
... |
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