My Personal Story

My Personal Story

I have truly lived a “blessed’ life. From starting my 1st business in the mid to late

70’s. I got married, started a family, tried to figure out who I was and what I

would be in the future. I found out I was not as smart as I thought I was. I realized

I needed to improve as a husband, father and businessperson. My 1st business

failed regarding generating enough income for my family. I went to work for

Corporate America and quickly succeeded but felt I needed to be on my own

again. So, I risked everything again and started a new business in the early 80’s, I

went to 6 banks to finance my vision and received the same response…NO! I

finally found a Bank that believed in me and my vision for the company. The

Company grew very quickly. But I recalled something my dad told me years

before. He said “Mike, more businesses fail when business is good rather than

bad.” My dad was right! My increase in inventory, receivables and employee

headcount was killing my cash flow. I needed answers, I needed to be educated! I

went back to school, I educated myself in the areas of Industrial Distribution and

developed Processes and Tools for my business. I developed a great Team of

people who worked very hard for me and it was time for me to invest in them.

We all became very successful! I started several other companies in the mid 90’s. I

was on top until my wife of 30 years passed away from cancer. I found out I could

not do my job anymore and decided to sell my business to my kids and a couple

of key employees. I thought retirement would be pretty cool in my early 50’s, I

would golf every day! That only lasted a few weeks!

I took a “temporary” job as President-CEO of a Cooperative; it was a Buying-

Marketing Group of independently owned safety equipment distributors in North

America. As a result, my new boss was really 60+ distributors. What I thought was

“temporary” ended up lasting 17 years! I really enjoyed working with all the

owners, I learned a great deal from them and they would probably say they learned

from me. I developed, coached and mentored a great team, I know it is the best

of people I have ever been exposed to, as a team we grew the business from $60

MM to $300 MM + and I retired again! But again, that did not last long!

I wanted to do more! I have a great deal of passion and drive to help others

succeed and prosper. Over the past 10 + years, I quit playing golf and got active in

my Church and a handful of local Charities that I believe in and to use my God

given time, gifts and talents to help them achieve their own God given mission’s.

I realized that I needed to start my “last company” The name is Encouraging the

Entrepreneurial Spirit. I am now a Career Ownership Coach / Career Transition

Coach with The Entrepreneur Source!

My 40 + years of business experience, my personal passion and drive to make

others successful is my goal and The Entrepreneur Source will continue to provide

me the tools and processes to help YOU achieve your INCOME-LIFESTYLE-

WEALTH-EQUITY goals.

My offer to you is a no cost, no pressure, safe environment to explore your future!

Contact Me:

Mike Smeaton

Alternative Career Coach

Schedule A Call With Me

Email- [email protected]

Website- https://msmeaton.esourcecoach.com

Joseph Young

CEO Young Security, Inc.

2 年

Mike, This is a fascinating and inspirational story to which I can relate in many ways. I'm local to you and would appreciate the opportunity to connect with you.

回复
Dan Burnham

Partner Sales Director - Auto, Retail & Consumer Goods at Salesforce

3 年

Mike, your curious nature, collaborative energy, and laugh are the 3 things I think of years after we worked together. Best wishes my friend! Cheers.

回复
Jennifer Murphy

President and CEO at NetPlus Alliance

3 年

Congratulations Mike, an amazing story!

回复
Bill Carli

Retired. Yet still busy. Been working very hard to balance time between my company, beach days,lots of, golf, riding my Harley, travel, occasional day drinking, hanging with friends and live-in grandkids. Lots of fun

3 年

Wonderful story Mike! I can relate as I "retired" on Thursday 12/31 and launched my new company on Monday January 4. I do love golf and play a lot, but I'm way too young to not keep working. Anyone who works with you will benefit greatly from your expertise! Have fun!

回复
Dimetry Loren

Vice Chairperson of the Board and Chief Strategy Officer

3 年

What a wonderful share...thank you Mike!

回复

要查看或添加评论,请登录

社区洞察

其他会员也浏览了