The Financial Side of Speaking with Mike Michalowicz
The Speaker Lab Podcast
The Speaker Lab
4.8 • 575 Ratings
🗓️ 10 September 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
One of the most challenging aspects of being a speaker is avoiding the feast or famine financial rollercoaster.
Our guest today has advice on how to leave the rollercoaster ride at the amusement park, and keep your bank balance on an even keel. Mike Michalowicz first joined us on episode 119 and today he's back to talk about the financial side of speaking.
Mike is an entrepreneur, well-known keynote speaker and best-selling author who has written several books including Profit First and his latest, Clockwork. His strategies have had a big impact on my life and on this edition of The Speaker Lab you'll get a taste of why. Join us for episode 254 with Mike Michalowicz.
THE FINER DETAILS OF THIS SHOW:
- What is "the drip"?
- How does he approach quarterly tax estimates?
- What are we actually taxed on?
- How much should you reserve off your fees for tax liabilities?
- Can you own your content and have someone else deliver it?
- How he has specialized his Profit First content for different verticals.
- When does it become about the product and not the speaker?
- How do you know what size business is appropriate for you?
- And so much more!
EPISODE RESOURCES
- Mike Michalowicz's website
- The Entrepreneurship Elevated Podcast
- Clockwork, by Mike Michalowicz
- Profit First, by Mike Michalowicz
- Mike Michalowicz on Twitter
- Episode 119 of The Speaker Lab
- The Speaker Lab on YouTube
- Get Free Speaker Resources
- Book a Call with The Speaker Lab
- Calculate Your Speaking Fee
- Join The Speaker Lab Community on Facebook
- Subscribe on Apple Podcasts
- Subscribe on Spotify
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Transcript
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| 0:00.0 | Hey, friend, are you looking for ways to book more paid speaking gigs? |
| 0:03.7 | Well, of course you are. |
| 0:04.4 | Maybe you're just starting out as a speaker. You're trying to figure out what to prioritize in order to get booked and paid as quickly as possible. Listen, if that's you, I want you to join us for a free live training where you're going to learn how to create the number one marketing asset that you need to consistently book more paid gigs. This is a tool that one speaker on our team used to book over $36,000 in paid gigs before he even had a website. |
| 0:27.2 | This training is free. |
| 0:28.1 | It's live and we offered a few times a week so you can find a time that works best for you. |
| 0:32.5 | All you got to do is head over to thespeakerlab.com slash get booked. |
| 0:36.3 | That's all one word. |
| 0:37.2 | Thespeakelab.com slash get booked. That's all one word, the speakerlap.com slash get booked |
| 0:39.3 | and register right now. We look forward to seeing you on the live training. |
| 0:49.5 | Hey, what's up? My friend, Graham Baldwin here. Welcome back to the speaker lab podcast. We've got a |
| 0:53.0 | great episode for you today. Excited that you're joining us. Today, we're having a return repeat guest, Mr. Mike McCallowitz. I'm going to be chatting with him about a couple of his books that I think you're really going to enjoy that have had huge, huge impact for me and my business. We're going to talk about his book, profit first. We're going to talk about the financial aspects of things that you need to be thinking through as a speaker. |
| 1:13.2 | And then we're also going to be talking about his most recent book, Clockwork, which has also had a big impact on me. So a lot of great stuff from Mike today. I think you're really going to enjoy. You're really going to benefit from. Also, if you enjoy this, you want to hear more of this and you want to learn more about just what it is to be a speaker, how to deliver great talks, and make sure you stop by and check out our new YouTube channel. So we've had several videos that have been posted there now. Oftentimes we're sharing several different speech breakdowns where we're taking some of the more popular speeches and presentations, speakers that you've heard of that you're familiar with. We have taken some of their best talks and given our reaction to them, showing things that worked, why they worked, and how you can apply their ideas and tactics and strategies to your next presentation and talks. |
| 1:53.0 | So make sure you check that out by going over to YouTube.com slash the speaker lab, YouTube.com slash the speaker lab, or just go there and search for the |
| 2:01.7 | speaker lab. You'll find plenty of videos that you can consume and dive into. Now, let's get to this |
| 2:08.0 | conversation with Mike McAllews. I will give you a parental guidance warning. He uses a little |
| 2:13.8 | bit of language here and there. So we just, FYI, if you got kids around, just know that's coming. All right. Let's get right into it. Here we go. Enjoy. Hey, it's our friends. Graham Baldwin here. Welcome back to the Speak of Lab podcast. Today, joined by my buddy Mike McCallowitz. It's just a great name to say. It's just fun to say. It's fun to say. And so good to have you here back with us. You were with us back in episode 119. Back with us again today. Give us a quick nutshell. How's Mike? Lamb? It's going to be back here, my brother. And yeah, I'm doing well. I'm working on another book that's the life of a speaker author. That's going to come out in April. So that's what I'm doing |
| 2:51.4 | right now. So what I believe are your two most recent books, Profit First and Clockwork, are the two most recent ones, correct? That's right. And so I want to talk about both of those. I went through Profit First actually a couple years ago when it came out. Cool. Oh, look at that. You got it. I got it. People can't see it, but I'm holding it up. I got it. Very good book. So one of the things that a lot of speakers struggle with is like, |
| 3:09.3 | hey, they're amazing on stage. They suck at running a business. I got it. People can't see it, but I'm holding it up. I got it. Very good book. So one of the things |
| 3:07.8 | that a lot of speakers struggle with is like, hey, they're amazing on stage. They suck at running |
| 3:11.3 | a business. Right. And the scene's operations part. And the other part of speaking that makes |
| 3:16.4 | it a challenge is it's very feast or famine and that you may make bank in September and |
| 3:21.9 | December you may have nothing. And so September has to make it to |
... |
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