Why you should embrace failure with Miha Matlievski
What an incredible story my next guest has!
I am joined by Miha Matlievski today, who talks about his business failure and how he rose from the ashes, even after losing absolutely everything in a very short space of time. We also discuss mindset and emotional intelligence, and how you absolutely must have these both in check, if you are to succeed as an entrepreneur.
[01:45] A quick history of Miha…. He built up 4 successful businesses and a personal net worth of over $15million. However, this all came crashing down in 2009 after a phone call from his bank. He very suddenly found himself with no businesses and debt of $5 million. However, despite such a huge blow and even thinking of suicide for a while, he kept on fighting, built up a new successful company and is now known as “The Fail Coach”.
[08:39] Miha realised that a big reason he lost everything so suddenly was because his businesses had no foundations, so when the crisis came, he had nothing to fall back on.
[11:30] Miha discusses how he bounced back from learning how to be present. Mindfulness and emotional intelligence played such a huge role in his resurrection.
[16:22] It’s only when you take full responsibility for your failings that you will begin to succeed and remember….nothing magical ever happens inside the comfort zone!
[23:22] We discuss the importance of emotional intelligence as an entrepreneurial business owner and why most entrepreneurs make it harder for themselves by not asking for help, when it’s usually right in front of us.
[27:57] What advice would Miha give to someone just starting out or looking to scale their existing business? Hint… be very careful of these so called “gurus”…
[37.18] If Miha could go back in time to give his younger self some advice, what would it be?
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