This week’s guest is Tim Meuchel. Tim is the creator, bestselling author, and podcast host of The 10 Factor.
Like so many successful entrepreneurs that you’ve heard me talk to here on the show, Tim failed his way to success. In 2008, he lost over $300,000 after resigning from a twelve-year corporate management career to pursue his side business full-time. His business grew exponentially, but one bad deal left Tim’s company almost bankrupt. Tapping into emergency funds, he fought back and restructured; resulting in a new profit producing model requiring less than 40% of the effort.
Tim then reverse engineered his process, validated it with top entrepreneurs, and created a 10-Month Roadmap – The 10 Factor, that he now uses as the success blueprint to help others engineer their business around their ideal lifestyle, all of this while he gives back extensively to support the fight against Prostate Cancer.
Where to Find Tim:
Check out his book and podcast via the 10 Factor website.
On Instagram @TimMeuchel
[3:00] minute: What was life like for you growing up and what were the beliefs around money and success that were instilled in you as a child?
[4:45] minute: Was entrepreneurship always in your mind or did it come about at some point?
[7:00] minute: There’s a comfort that comes with managing your own destiny that comes with entrepreneurship would you agree with that?
[8:30] minute: You leave a 12 year career to pursue your side business, tell me what that was and about the time when you almost lost it?
[14:30] minute: What was your headspace like at this time, were you able to stay positive while you sat down to figure this all out or did you get into any bad places with that?
[16:45] minute: What so often kills businesses is too much opportunity, which is not what you expect going in, and it sounds like that is a large part of what you do now is help entrepreneurs figure out what opportunities are the right ones?
[21:00] minute: What is that first step, how do you in a practical sense get clear on what to be focused on?
[25:30] minute: There are an abundance of coaches out there, how would you advise someone to evaluate the coaches out there and find the right one for them?
[27:00] minute: Who is the ideal client at the 10 Factor?
[30:00] minute: Switching gears, you give back a lot, specifically to the fight against prostate cancer. You have built this in to your life, can you talk about that?
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