Columbus Entrepreneurs' Podcast

023: Michael Erath, Smart Directions

Informações:

Synopsis

On today’s episode, Michael Erath joins Kevin to talk about his story. Michael shares the ups and downs of his entrepreneurial ventures in the family business, and how he took ownership of his time and business to find entrepreneurial freedom. He now works actively as an EOS implementer, and is releasing his book Rise, on August 29th.   Key Takeaways: [:47] Michael grew up as second generation in a family manufacturing business, where they manufactured hardwood veneers. His dad was on the sales side of the business, and after he graduated college, Michael moved to Roanoke and became the manager of operations. Michael talks about the ups and downs during his time, particularly how they were affected by the recession, and moving all the ownership from his mom’s estate to his name. [5:17] Michael had to work with lenders and banks to orderly liquidate the business. They avoided bankruptcy and Michael kept his credit in tact. At the same time this was going on with the family business, he found out that his busin