Mitch Russo and Daryl Urbanski shared their experiences and insights on being entrepreneur, business growth, and overcoming obstacles. Mitch emphasized the importance of personal development, maintaining a beginner's mindset, and prioritizing business growth. Daryl discussed the value of taking an objective approach to business, pursuing financial success and legacy, and seeking motivation from personal experiences. Both Daryl and Mitch emphasized the importance of perseverance, instinct, and self-reflection in achieving success.
Here are the reasons why you should listen to the full interview:
- Discover how Mitch Russo started his software business arm-in-arm with his greatest mentor, Jay Abraham, and the significant role this partnership played in his eventual entrepreneurial success.
- Understand the value of mentorship and continual learning, illustrated by Russo's relationship with Jay Abraham, and by his love for books like Atlas Shrugged.
- Learn how to leverage a 'beginner's mindset' in your entrepreneurial journey, from Russo's insight on preparedness before delving into entrepreneurship.
Resources
- The Success System That Never Fails by William Clement Stone
- You Too Can Be Prosperous by Robert Russell
- Atlas Shrugged by Ayn Rand
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Interview Highlights
Business success being entrepreneur
- Daryl Urbanski interviews Mitch Russo, a successful entrepreneur with a background in business and technology.
- Mitch Russo shares his experiences building and selling a software firm, and his current work in virtual organization consulting.
- Daryl Urbanski: Reflects on mentors and upbringing, expressing gratitude for shaping him as a person.
- Daryl Urbanski credits mentors and modest beginnings for his business success, sharing stories of his journey.
Being Entrepreneur, self-belief, and perseverance
- Mitch Russo shares his experience as a teenage rock lead guitar player and entrepreneur.
- Mitch Russo and his sister made a decision to never be poor after their parents divorced.
- Mitch Russo shares his journey from electrical engineering to real estate investing and being entrepreneur, emphasizing the importance of self-belief and taking opportunities.
- Mitch Russo's confidence and determination allowed him to overcome obstacles and pursue his passions, highlighting the value of perseverance and belief in oneself.
Prioritizing time and effort for success, with quotes from Gary Vander Chuck and William Clement Stone
- Daryl Urbanski emphasizes the importance of inspired dissatisfaction in achieving success
- Mitch Russo agrees with Gary Vander Chuck's advice to work on a business for half a day
- Mitch Russo and Daryl Urbanski discuss the importance of prioritizing work over leisure time to achieve success.
- Mitch Russo and Daryl Urbanski emphasize the need to focus on growing areas of life and being entrepreneur.
Being Entrepreneur, marketing, and success
- Mitch Russo predicted that lawyers would use computers directly in their offices, not just in the back office.
- The American Business Association tried to discredit TimeSlips software, demanding $46,000 for certification.
- Mitch Russo shares a story of how he was motivated to succeed after a condescending remark from a wealthy and successful salesman.
- Russo waited 10 years and pulled up in front of the man's building in a brand new BMW before giving him a big hug and closure.
Money, success, and being entrepreneur with insights from a multi-millionaire
- Daryl Urbanski shares their personal journey of overcoming limiting beliefs and achieving success.
- Mitch Russo adds that money can bring happiness up to a certain point, but it's not the only factor.
- Mitch Russo and Daryl Urbanski discuss the importance of surrounding yourself with the right people and setting benchmarks for success.
- Mitch Russo advises listeners to take action and make phone calls to sell their business, rather than relying solely on reading books or praying.
- Mitch Russo emphasizes the importance of having a beginner's mindset when starting something new.
- Mitch Russo encourages listeners to use their gift of beginner's mindset quickly before being assimilated into the industry.
Overcoming limitations of the unconscious mind for wealth and success
- "Read negative reviews of competitors' books to identify gaps."
- "Read negative reviews of other books in your space before publishing."
- Mitch Russo recommends "You Two Can Be Prosperous" by Robert Russell, a book that helped him overcome limitations of his unconscious mind to achieve wealth and success.
- Daryl Urbanski joins the conversation, agreeing that the book is foundational for developing a wealth mindset and overcoming limitations to achieve success.
Networking and seeking advice from successful people
- Daryl Urbanski shares personal experience of isolation and seeking connections through technology and imagination.
- Daryl Urbanski emphasizes the importance of tapping into the mindset of successful people, such as Dale Carnegie, to change one's life.
- Mitch Russo shares advice with a new software being entrepreneur.
Personal development, business success, and motivation
- Mitch Russo and Daryl Urbanski emphasize the importance of adding value to others.
- Daryl Urbanski and Mitch Russo recommend "Atlas Shrugged" by Ayn Rand, a book that has life, business, and spiritual lessons.
- Mitch Russo's interest in the book was piqued by references to it during the 2008 stock market crash.
Common mistakes being entrepreneur make, including lack of preparation and poor communication
- Being entrepreneur often make the mistake of "ready, fire, aim," failing to prepare before launching their business.
- Mitch Russo advises entrepreneurs to be prepared to work for nothing until their concept is proven, and to have enough money in the bank to fund their venture.
- Mitch Russo coaches on how to effectively communicate one's business in 45 seconds.
- Russo's method involves using the "how-what-we do" framework to keep listeners engaged.
Simplicity in business, personal growth, and overcoming challenges of being entrepreneur
- Daryl Urbanski and Mitch Russo discuss the importance of clear communication in business, citing Barney zyk as an influence.
- Daryl Urbanski emphasizes the simplicity of successful businesses, likening it to martial arts, where beginners focus on basic techniques.
- Daryl Urbanski and Mitch Russo share a story about a mentor named Joel Weinstein who helped them navigate a difficult work situation.
Being Entrepreneur, goal-setting, and surrounding oneself with successful people
- Daryl Urbanski and Mitch Russo discuss the importance of imposing one's will and sticking to a plan, rather than reacting to external forces.
- Daryl and Mitch emphasize the need to persevere and be pig headed in pursuit of one's goals, despite external obstacles and opinions.
- Mitch Russo emphasizes the importance of surrounding oneself with experts in different fields.
- Russo believes that getting to know successful people is crucial for personal growth and success.
Coaching businesses, avoiding common mistakes, and free report offer
- Mitch Russo is building a program to train coaches to get rich.
- Mitch Russo offers a free report, "Five Critical Errors," to help coaches build a sustainable business without spending more hours.
- Russo's course, "Coaching System Architect," provides practical techniques for building a credible, substantial business based on sound methods.
Providing value, coaching, and personal growth
- Daryl Urbanski and Mitch Russo discuss providing value to others through coaching and consulting.
- Daryl Urbanski thanks listener and invites them to share their challenges to help them overcome obstacles to success.