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:
“A writer must always try to have a philosophy and he should also have a psychology and a philology and many other things. Without a philosophy and a psychology and all these various other things he is not really worthy of being called a writer. I agree with Kant and Schopenhauer and Plato and Spinoza and that is quite enough to be called a philosophy. But then of course a philosophy is not the same thing as a style.”
—Gertrude Stein (1874–1946)
“Nature in darkness groans
And men are bound to sullen contemplation in the night:
Restless they turn on beds of sorrow; in their inmost brain
Feeling the crushing wheels, they rise, they write the bitter words
Of stern philosophy & knead the bread of knowledge with tears & groans.”
—William Blake (1757–1827)
“What makes philosophy so tedious is not the profundity of philosophers, but their lack of art; they are like physicians who sought to cure a slight hyperacidity by prescribing a carload of burned oyster-shells.”
—H.L. (Henry Lewis)