How To Risk Everything To Buy A Business, Grow It and Make It A Great Place To Work - Winning with Mike McCormick, President of World Floor Coverings

In this episode, Gordon Sheppard interviews Mike McCormick, the president of World Floor Coverings, who shares his inspiring journey from employee to business owner.Mike discusses his early experiences in the flooring industry, the challenges he faced while acquiring the family-owned business, and the importance of having a supportive network.He emphasizes the significance of confidence, persistence, and strategic planning in achieving his goals, highlighting how he transformed the company over the past five years, expanding its footprint and staff significantly.Mike reflects on the emotional rollercoaster of making the acquisition, the relationships he built with the previous owners, and the ongoing support from his family and friends. He also shares insights into the operational aspects of running a successful business, including the importance of maintaining a positive company culture and fostering growth among his employees.The conversation concludes with Mike offering advice to aspiring entrepreneurs about taking calculated risks and pursuing their passions while ensuring they have a solid support system in place.Key Insights from Mike:"I wanted to challenge myself and I was ready for that next step.""You have to surround yourself with great people who support you."Executive Wins - https://executivewins.comNewsletter - https://executivewins.com/newsletterExecutive Wins Workshop - https://executivewins.com/workshopsLinkedIn - https://www.linkedin.com/in/gordonsheppard/