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What would it take to create your own power tribe that could generate multiple streams of revenue year after year? On today's podcast, John Livesay brings on Mitch Russo, a CEO Advisor to several companies, the Cofounder of Timeslips Corporation, and the author of Power Tribes: How Certification Can Explode Your Business. Mitch builds certification programs for companies who want alternate sales channels, new revenue streams, and understand the value of creating a powerful culture in their workforce and external teams. Don't miss this episode for a delightful conversation on how you can build profitable certification programs that could mobilize your best clients to become raving fans and make your business explode. Plus, stay tuned till the end for a free gift from Mitch!
What would it take to create your own power tribe that could generate multiple streams of revenue year after year? On today's podcast, John Livesay brings on Mitch Russo, a CEO Advisor to several companies, the Cofounder of Timeslips Corporation, and the author of Power Tribes: How Certification Can Explode Your Business. Mitch builds certification programs for companies who want alternate sales channels, new revenue streams, and understand the value of creating a powerful culture in their workforce and external teams. Don't miss this episode for a delightful conversation on how you can build profitable certification programs that could mobilize your best clients to become raving fans and make your business explode. Plus, stay tuned till the end for a free gift from Mitch! Love the show? Subscribe, rate, review, and share! Here's How » Join The Successful Pitch community today: JohnLivesay.com John Livesay Facebook John Livesay Twitter John Livesay LinkedIn John Livesay YouTube
Success doesn't happen overnight. The journey to success is a long process of working through each step of failure, motivation, and inspiration. It is through this process that you grow and strengthen your beliefs and become more confident in every decision that you make. In this episode, the one and only Mitch Russo joins us to talk about what it means to be an entrepreneur, how building a real company is like, and how business owners can achieve their business goals. Make sure that you tune in to this podcast to learn the greatest business wisdom from Mitch firsthand! About Our Guest: Mitch Russo co-founded Timeslips Corporation, the largest time-tracking software company in the world. When Timeslips Corp. was sold to Sage, he served as its Chief Operating Officer. He was also a pioneer, and later the President and CEO, of the virtual organization Business Breakthroughs International, together with Chet Holmes and Tony Robbins. Mitch is the author of the bestselling books, “The Invisible Organization,” and “Power Tribes – How Certification Can Explode Your Business.” In 2017, he launched the SaaS platform, The Results Breakthrough Network. Today, Mitch hosts the Your First Thousand Clients Podcast, where he discovers the secrets of successful business owners. For more insights, you can reach Mitch and set up a call with him for free on his website. Resources The Success System That Never Fails by William Clement Stone You Too Can Be Prosperous by Robert Russell Atlas Shrugged by Ayn Rand Becoming an Entrepreneur and Finding Success Mitch's Story He was a lead guitar player in a rock band in high school, where his initial motive was to meet girls. He volunteered to book their band for their gigs. Shortly, they started making over $500 a night—that was in 1970. This experience taught him how it's like to be an entrepreneur. When his parents divorced during his teens, they struggled with their finances. He and his sister decided that they will not remain poor. He studied electrical engineering and worked with pioneers in the computer industry. There, he didn't just learn how to build and design circuits; Mitch also learned how the industry leaders thought. He realized that the rest of the engineering jobs is more related to paperwork. He then started investing in real estate and building small portfolios of properties. Having a Sharp Eye for Opportunity to Reach Success You can be anything you want to be as long as you are willing to work. When you see an opportunity, you have to go for it confidently. There were a lot of starting software companies when Mitch started his, but he and his partner believed in what they're doing. "Comfort is the enemy of success." Overcoming the Greatest Challenges in Business When he started Timeslips Corporation, they priced the program at $99—which almost took its credibility away because it was so cheap. The American Business Association tried to discredit their product because it was not ABA certified. Together with his clients, they fought ABA and spread the word about Timeslips. 18 months later, the ABA convention invited Mitch as a keynote speaker. The Biggest Motivation to Success The three words that he had in his mind after a rejection from wanting to transition into sales became his motivation: "I'll show you." Entrepreneurs have to be careful of self-talk because it can either bring you up or down. Your belief and your determination to be successful is what will serve you towards it. Money is a measuring stick. Without the desire to pursue it, you're not going to want it. Advice for Struggling Entrepreneurs If you have a struggling business, there is no excuse, what you need to do is to sell. If you're in a slump, the best thing to do is to get testimonials from happy clients. A video or audio has more credibility than printed words. If you're starting, keep in mind that you have the gift of the beginner's mindset. The Wealth Mindset Wealth does not come to people unless they're in that mindset. You have to overcome the limitations of your unconscious mind. Your mentors don't have to be live people—they could be programs or authors. Don't be afraid to introduce yourself to people. Consequently, you have to make yourself valuable to that person. The Greatest Mistakes Entrepreneurs Make Starting unprepared Demanding before proving their concept Not knowing the market You have to learn how to sell yourself and what you're doing. If you have 45 seconds to tell people what you do, you only need to write down seven words to convey your message. The first three words should be “You know how…,” and the next four words are, “What we do is…” Failures and Turning Points When he was working as a field applications engineer for a software chip vendor, his boss was upset when he found out that Mitch was Jewish. While contemplating whether he should quit, he went to a mentor in the industry who advised him not to let them take his job away from him. “It comes back to having a mentor. It comes back to that fork in the road that changes your life and making the right decision as hard as it might be.” Instrumental Habits to Success Learning from others and the way they solve problems. You can't be an expert at everything. Get to know as many successful people as possible and connect with them. Final Notes Mitch is building a program to train coaches on how to get rich, which is called the Coaching Systems Architect. The report in the program contains the Five Critical Areas Most Coaching Businesses Make. P.S. Do you already have a successful business, meaning you're up, running, and paying your bills with some profit left over? Are you interested in growing your business, automating/streamlining things, and staying one step ahead of your competition? Do you want to achieve your goals, get more things done in less time, and double your sales? Sign up for our 21-Day Double Your Sales Challenge.
In this episode, I'm joined by Mitch Russo, co-founder of Timeslips Corporation and co-creator of Business Breakthroughs International with Chet Holmes and Tony Robbins. Mitch shares his experience running virtual organizations with a peek inside his 2013 bestseller The Invisible Organization which is one of my personal favorites while getting me pretty pumped about his new book Power Tribes.
Mitch is located in Marlborough Massachusetts, and is a serial entrepreneur, award winning landscape photographer, host of the Your First Thousand Clients podcast, author of the Amazon bestseller The Invisible Organization, former CEO of Tony Robbins and Chet Holmes Business Breakthroughs International, founder of the Timeslips Corporation, real estate developer and 2 time Inc. Magazine Entrepreneur of the Year nominee who has amassed a life of experiences and insight in the world of business. --- Support this podcast: https://anchor.fm/the4pos/support
Master Business Strategist and Podcaster http://mitchrusso.com/about-mitch-russo/ Mitch Russo co-founded Timeslips Corporation, the largest time tracking software company in the world. He pioneered the virtual organization with Chet Holmes and Tony Robbins, co-creating Business Breakthroughs International, with nearly 300 people and about $25M in sales. In 2013 he wrote the bestseller, “The Invisible Organization,” a guide for fully virtual organizations. In 1985, Mitch co-founded Timeslips Corp, which grew to become the largest time tracking Software Company in the world. In 1994, Timeslips Corp was sold to Sage. Mitch later joined Chet Holmes & Tony Robbins to create Business Breakthroughs, Int’l, a company serving thousands of businesses a year with coaching, consulting and training services. Mitch was the President and CEO. After the untimely death of Chet, Mitch left Business Breakthroughs to help others build their business as a consultant specializing in building certified consulting and coaching organizations, working with call centers with large volume lead flow, and helping coaching organizations scale which he does today. In 2015, Mitch published “The Invisible Organization” which is the CEO’s guide to building fully virtual organization.
$10.5M Exit- Timeslips Corporation
You’re listening to Your First Thousand Clients Podcast - Special Episode 0. Here’s where I explain what I’m doing and why you should be interested enough to download and listen to these episodes. This is Mitch Russo, and I’m speaking to you from the worldwide headquarters of Mindful Guidance, LLC in Marlborough Massachusetts. So with a name like Your First Thousand Clients, it’s probably not hard to figure out what this podcast is all about. It’s actually about people. It’s about success, and it’s also about experience and wisdom. The wisdom gained while on the path to building a solid business, figuring out how to make a profit and how to run a company. I chose the title and the goal of this podcast because by the time you reach around a thousand clients, you actually are a real business. So many of us have started a business, made a few bucks, left it in limbo and tried something else. And then some of us had started a business, worked like a dog to get it going, and about six months to a year later, we get lucky, if you know what I mean. And we witnessed the birth of something wonderful, and if you’ve already done this, you’ve reached a certain level of success you have become someone who has mastered something significant about life, about love, about spirit, and certainly about business. So in each episode, we will challenge out guest to untangle their past and pinpoint the moment when they had that one life-changing realization that led them become who they are today and exactly how they closed their first one thousand clients. It’s a show about strategy, about tactics, about hustle, about grit, about luck, and about determination. But this show is also about you. Are you struggling to hit that thousand client landmark? Do you wish sometimes you could easily access the exact steps to take from those who’ve already done it? That’s what this is all about. It’s about helping my listeners by extracting the wisdom that many entrepreneurs have acquired by getting to that magic milestone of one thousand clients. Yes, that’s mastery, and to me, mastery is wisdom applied to life. And since we all have a different story to tell, about what we have developed mastery in what we do, I decided to ask some pretty amazing people about how they happen to find themselves on top of their own world just for your benefit. In my own life, I dropped out of college and I wasn’t quite sure really what I was going to do. But at the age of 27, I had already bought several apartment buildings and started a software company. I get my first thousand clients about a year into my business, and the second and third thousand came months and then weeks later. That’s how it goes sometimes—you make that quantum leap, and then everything starts to get clear. You get focused and you become a better person as you can now see your future, clear as day. It seems as if I am not alone in these humble beginnings. Many of the amazing successful people you’ll hear from on the show never finished college, and some went down some pretty dark paths, before they too emerged by finding that spark which ignited their lives and allowed them to catch fire and blaze brightly. You’re going to love the stories, the lessons, and the wisdom imparted to you when we listen in as I extract the accelerators from their experience and give them to you. I’ve crafted a set of questions, a map actually, that helps me get my clients to articulate that wisdom so you can shortcut your own learning cycle. I know that if I had access to podcasts when I was starting out, I would have searched for one just like this, so I could learn as much as possible about success and life, so that I could have reached my first thousand clients more quickly than I did. So why should you listen to this show? Because it will be different for two reasons: First – because I’m kind of an example and I’ve done it several times in my own life, and; Second – There’s no better way to learn than ask others about their mistakes so we don’t have to repeat them. I want to share those magical, transformative moments with you and learn as much as I can, as well. By the way, I have access to some pretty amazing people. I work intimately with Tony Robbins as the CEO of one of his companies Business Breakthrough International. And besides Tony, who I promise to invite on the show, I travel the net circle of success and affluence for many years. If you’re curious about living a masterful life, about becoming more than you are today, about being a better person and living life as effortlessly as possible, then you’re in the right place. But remember: getting to your first thousand clients is the goal of the show, so you can move onward and upward from there. But wait, a minute—if this is episode 0, do I have to listen to them in order? Well, the answer is no. You can read a synopsis of every episode, see who is telling their story, and if you’re at all interested, come in for a listen. However, as you might expect, wisdom is kind of addictive, and I found that wisdom builds exponentially, so you never know when one single idea may spark an avalanche of creative thought and start your journey into a whole new and unique direction. Come visit the website where you can see all the episodes listed and subscribe to Your First Thousand Clients podcast with Mitch Russo on Apple iTunes, as well. Some of you who know me are familiar with my story, but for those who don’t, allow me a quick recap: I was born in Brooklyn, New York and I grew up loving with the Dodgers before they moved to California, then I had no choice but to try and like the Yankees. My dad hated the Yankees. Good things I moved to Boston at the age of 25, and I’ve been here ever since. I did spend 4 years in Dallas, Texas, when I sold my software company called Timeslips Corporation to Sage PLC, but I’ll get in to that later. So come for a listen. I know you’ll enjoy the conversation, and please be sure to like, share and subscribe if this resonates with you. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Your First Thousand Clients Community today: mitchrusso.com Mitch Russo LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices
Mitch Russo co-founded Timeslips Corporation, the largest time tracking software company in the world. He pioneered the virtual organization with Chet Holmes and Tony Robbins, co-creating Business Breakthroughs International, with nearly 300 people and about $25M in sales. In 2013 he wrote the bestseller, “The Invisible Organization,” a guide for fully virtual organizations. As an applications engineer right after college, Mitch noticed the sales reps were earning three times as much as he was. He asked his boss about going into sales and was told, “Great salesmen are born, not made.” Mitch thought, “I’ll show you,” and proceeded to build a $10 million company.
Mitch co-founded Timeslips Corporation, which grew to become the largest time tracking software company in the world. In 1994, Timeslips Corp was sold to Sage. While at Sage, Mitch went on to run all of Sage U.S. as Chief Operating Officer, a division with over 300 people. Later, Mitch joined Chet Holmes as President of Chet Holmes, Int’l. Soon thereafter Mitch and Chet, along with Tony Robbins, created Business Breakthroughs, Int’l, a company serving thousands of businesses a year with coaching, consulting and training services. Mitch was the President and CEO for 4 years. Today, Mitch help CEOs build their own Invisible Organization using the principles outlined in his powerful book.