In this episode, Israel and Shad interview Mike French, a serial entrepreneur, about his experiences starting businesses. Mike shares his perspective on failure and the importance of learning from mistakes. He discusses the various businesses he has started, including a burger shop, a mechanical company, a sheet metal fabrication company, a heavy equipment rental company, and a helicopter rental business. Mike emphasizes the importance of loving your product and constantly improving it. He also talks about the need to surround yourself with talented individuals and the value of being vertically integrated in business. In this conversation, Mike French and Shad Phillips discuss the importance of focusing on building a great product rather than just chasing money. They emphasize the need to be passionate about what you do and to love the process of building a business. Mike shares his experience of starting multiple businesses and the importance of taking calculated risks. They also discuss the value of mentors and continuous learning, as well as the significance of choosing the right partners and being willing to walk away from deals that don't align with your values. Overall, the conversation highlights the importance of perseverance, problem-solving, and learning from failures.
