The Entrepreneurship Journey with Mike McFall.
Mike shares his tips and advice for starting and growing a small business, based on his over 23 years of entrepreneurship experience and co-founding Biggby Coffee.
Michael J. McFall is the Co-Founder and Co-CEO of Biggby Coffee – a fast-growing $200-million-dollar coffee franchise with 300+ locations across the Midwest – and the author of “Grind: A No-BS Approach to Take Your Business from Concept to Cash Flow”.
Mike also teaches the “Finding Your Vision” class at the University of Michigan Center for Entrepreneurship.
If Mike’s business philosophy can be distilled down to its essence, it would be this: Be brave. Be humble. Be thoughtful. Be aware of others. And be yourself.
Mike lives in Ann Arbor, Michigan.
The Entrepreneurship Journey with Mike McFall:
- Mike shares his journey at Biggby Coffee. Mike began his journey with Biggby Coffee as a minimum-wage barista at the original store in East Lansing in 1996. Over the span of 23 years, with business partner Bob Fish, he has helped create one of the great specialty coffee brands in America.
- When did you know you wanted to be your own boss? Who were early entrepreneurial influences?
- Why are you a business owner? What does it provide you?
- Why did you write the book “Grind” and who is it for?
- Due Diligence (“I want people to do hundreds of hours of due diligence.”) – How do you know when you have done enough due diligence?
- What do you mean by “doing due diligence on yourself”?
- What is the best advertisement money can’t buy?
- Navigating The Great Resignation. Please explain how investing in employees can boost retention, and share the key ways to attract and retain top talent in your small business.
- What are some of the characteristics of successful franchise small business owners.
More about the book: Grind: A No-BS Approach to Take Your Business from Concept to Cash Flow
2020 Bronze Axiom Award Winner: Entrepreneurship / Small Business
A Nuts and Bolts of Building a Successful, Self-Sustaining Company.
In Grind, Michael J. McFall, co-CEO of BIGGBY® COFFEE, will help you identify the common sense strategies needed to turn your start-up idea into a positive-cash flow business. Dispensing with the notion that potential business owners require a formal education, he outlines several fundamental areas of importance, keying in on hustle, self-evaluation, and commitment.
Having risen from a minimum-wage barista to build a company with over 250 stores in 9 states, McFall writes with the authority of hard-fought achievement. In addition to his calls for ”personal due diligence,” he goes into detail about crucial business drivers, speaking from his personal and professional experience and including examples of hits and misses along the way.
McFall avoids sophisticated descriptions of processes and theories, retaining a down-to-earth approachability throughout the book. Filled with anecdotes, ideas, and calls to action, Grind provides the insight and expertise aspiring business owners require to reach profitability.
[Source: Amazon]
Episode Host: Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business.
Resources:
Books mentioned in this episode:
[We receive commissions for purchases made through these links (more info)].
- Grind: A No-bullsh*t Approach to Take Your Business from Concept to Cash Flow by Michael J McFall
- The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
- Multipliers, Revised and Updated: How the Best Leaders Make Everyone Smarter by Liz Wiseman
- Mindset: The New Psychology of Success by Carol S. Dweck
Other Resources:
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