A candid conversation about business failure, lessons learned, and new business ventures.
As an out-of-work magazine art director in the recession of the 1990’s, Michael started a small creative design boutique. Over the next 20 years he grew the business into a national strategic marketing firm with a major strategic investor and presence in 12 cities and 6 countries. But the recession of 2008 hit the business very hard and in 2009 Michael shut it down.
After a period of soul searching he slowly moved back into starting businesses but this time with a very different mindset. He founded SimpleMind to help complex business simplify their communications and he co-founded Same Page Partners which uses visual tools and facilitation techniques to demystify complex issues and help teams make better decisions.
Michael shared with us lessons learned during the growth and ultimate failure of his business, including:
- the importance of slowing things down and creating space – and the metaphor of “putting in the ice cubes first”;
- his experience of clients in his new businesses seeking more informal and relationship-based connection and advice;
- learning to say “no” and the powerful impact that can have.
You can find out more about Michael’s businesses and contact him by email at firstname.lastname@example.org, or by looking him up on his website, www.simplemind.com.
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This is episode 7.