#211 Miha Matlievski – The Fail Coach

Being a Fail coach with Miha Matlievski Miha Matlievski calls himself the Fail coach. Why? Firstly, because he learnt most of what he knows about running and scaling a business through failures. Also, after bouncing back from his negative reactions to his own failures, he realised failure happens when you push yourself outside of the comfort zone. Now, he still fails but has systems in place to recognise and bounce back from failures sooner. As a result, he believes having a good relationship with failure is the key element to succeeding faster. http://thenext100days.org/wp-content/uploads/2020/02/Why-the-fail-coach.mp4 The fail coach: how did you realise you could talk about failure as a business? When Miha was 17, he dropped out of high school. He started his entrepreneurial journey at 18 but he thought, because he was good at sales, he was a good entrepreneur. He never took the time to look at what makes a good, solid foundation. Where he was riding a good economic wave, he didn't actually understand business. He lived a luxurious life without really knowing what a good entrepreneur was. Then, suddenly the crisis came. His life looked like the house made from straw in the three little pigs story. The bank said his ventures would not be profitable and they were out! Miha owed lots of money, he got divorced and lost people he thought were friends. Unfortunately, Miha became depressed and suicidal. There was a turning point in Miha's thinking where he stopped blaming outside factors and took charge of his own actions - his own failures. http://thenext100days.org/wp-content/uploads/2020/02/Failure-jounrey.mp4 Miha used three and a half years to bounce back before he could take all those lessons from the failures to create a new start up. It was incredibly successful and he managed to pay a large portion of his past debts. As a result, he had the luxury of time, money and choice. He loved spending time being surrounded by entrepreneurs and decided helping others was so much more productive than creating yet another company. Why did your mindset change? http://thenext100days.org/wp-content/uploads/2020/02/What-changed.mp4 Looking back, Miha sees that no-one wanted to kill him. However, those threats were still made. Miha was young and fresh in the business world. So, these threats were taken seriously. What were the key lessons you learnt from bouncing back? The first foundation starts with you: the entrepreneur. Who are you? What do you want be and achieve? What are your passions? Mindfulness allows you to step away from the moment and turns off autopilot. Emotional intelligence. We use emotion where logic is needed and use logic where emotion is needed. Consequently, entrepreneurs must use emotional intelligence as a compass to balance yourself. Be grounded. Don't fear regret - push outside of your comfort zone and do it! The beauty of Miha is that he has authority to coach others. He has endured hard and dark times. Therefore, as a fail coach, he can truly empathise. Also, he offers hope because his presence shows you can get through dark times. http://thenext100days.org/wp-content/uploads/2020/02/What-are-the-questions-your-clients-ask.mp4 Most entrepreneurs are the creative type; we come up with crazy ideas, we see problems and we see solutions. However, we don't want to deal with the boring stuff. Nobody wants to go through making strong foundations. Entrepreneurs want to get running and forget the walking! Yet, the only right way to a sustainable business is to balance the two. Most have no systems in place so they rely on people, but then you are hostage to that person. There's little freedom. Miha - the fail coach - in your pocket Let's stop talking about business for a second. If you rarely cook and someone wants you to cook a risotto, you might grab a cooking book a tutorial. But, the most valuable act of learning is to find someone who can  an excellent ri...