Philosophy
Michalowicz has lectured at US and international universities, keynoted corporate gatherings, authored books, published articles for national periodicals, and made national television and radio appearances as an expert discussing entrepreneurial concepts and approaches he terms as a "Toilet-Paper Entrepreneur". This name is derived from the following analogy paraphrased from Michalowicz's book:
Have you ever been in the bathroom only to realize there are a mere three sheets of toilet paper left...but somehow, often with the help of the trashcan remnants, manage to make it work? This is how a Toilet Paper Entrepreneur runs their business... they make do with what they have, pull "miracles" out of the trash and make more and more with less and less.
The Toilet Paper Entrepreneur philosophy is based on the notion that not only can one start a business with fewer resources, but that having fewer resources can actually work to your benefit . For example, having fewer resources can force the business to address an issue in highly innovative ways versus simply spending money blindly to solve it.
Michalowicz's writing and interview style is blunt honesty, speckled with humor. In an interview with Inc. magazine, Michalowicz was asked, "How to balance work and family life". His response was:
- "You don't. And the fact that you are asking this before you have even put in your first five years with a new business, means that you probably are not cut out to be an entrepreneur."
Read more about this topic: Mike Michalowicz
Famous quotes containing the word philosophy:
“The result of civilization, at the Sandwich Islands and elsewhere, is found productive to the civilizers, destructive to the civilizees. It is said to be compensation—a very philosophical word; but it appears to be very much on the principle of the old game, “You lose, I win”: good philosophy for the winner.”
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“The Emmet’s Inch and Eagle’s Mile
Make Lame Philosophy to smile.”
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