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Why Most Entrepreneurs Never Make It (And What Winners Do Differently) - Michael Oakes

Paul Galushkin Episode 41

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Why do 9 out of 10 businesses fail? Business coach Michael Oakes breaks down the fundamentals every entrepreneur needs to master.

Michael went from coaching college basketball to becoming one of the first employees at FedEx in 1973, then built a career helping entrepreneurs avoid the mistakes that sink most businesses. In this episode, he shares the mindset, discipline, and fundamentals that separate long-term winners from the 70% of businesses that shut down within five years.

We cover everything from why practicing business fundamentals is like Steph Curry's daily drills, to Warren Buffett's secret weapon (his ability to say no), to why Blockbuster and Kodak collapsed while Netflix and Tesla thrived. Michael also shares his powerful "reverse visualization" framework inspired by Jack Nicklaus, his personal formula for success, and his honest take on how AI will reshape business and create new opportunities.

Whether you're starting a business, scaling one, or just trying to find your purpose, this conversation will change how you think about success.


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