In this episode, Christina Martini and Michael Dermer discuss:
- The foundation days of The Lonely Entrepreneur.
- The power of perspective on your success.
- Important skills to develop as an entrepreneur.
- What Michael would tell his younger self.
- The journey and the story is everything.
- Being an entrepreneur is not a job, it’s an identity.
- Emotional intelligence is incredibly important to develop.
- Everybody needs a release.
“Think about the premise of being an entrepreneur. The premise of being an entrepreneur is that you’re going to do something new and unique, and you’re not going to have capital, and you’re not going to have resources. So what that means is you have to go about it a different way, and that becomes a skill.” — Michael Dermer
About Michael Dermer: Michael Dermer is an entrepreneur, speaker, lawyer and founder/author of The Lonely Entrepreneur. Michael is considered the founder of not only a company, but an industry – rewarding individuals for healthy behavior. Michael left a promising law career to start IncentOne, the first company to provide rewards for healthy behavior. At the time, rewards in healthcare were not only non-existent – they were offensive. He was told over and over “we will never reward people for things they should be doing to be healthy.”
After bootstrapping for a decade, his company received a large private equity investment on October 15, 2008. They had arrived. It should have been a time for celebration. Then the financial crisis hit. Ten years were gone in ten days. Bankrupt customers. Investment gone. Credit dead. Family dollars at risk. Angry investors. Family relationships on the brink. It would take two years of working 24 hours a day to save what took ten years to build. The perfect storm.
It was doomed. Or was it? Today, health rewards are everywhere, he sold IncentOne to industry innovator Welltok and his company is credited with creating the health rewards industry. What resulted was not only a business success, but the discovery of a unique method on how to thrive under the pressure, chaos and burden of being the entrepreneur. The Lonely Entrepreneur was born.
Connect with Michael Dermer:
Facebook: The Lonely Entrepreneur
YouTube: The Lonely Entrepreneur
Connect with Christina Martini:
LinkedIn: Christina Martini
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.