Chasing the American Dream with Tiger Safarov

Chasing the American Dream with Tiger Safarov - RD PodcastTiger Safarov is a firm believer in the American Dream. After coming to the United States when he was twenty years old—with the plan to earn enough money to buy a BMW and move back to his home country of Russia—Tiger was thrilled to learn that starting his own business in the U.S. was as easy as filing the paperwork and opening a bank account. Knowing firsthand how difficult it was to start a business in Russia, he jumped at the chance to start a company here.

Now the founder of Zen Supplies, an inventory management platform for dental supplies, Tiger has realized his own American Dream. In this episode, he shares his entrepreneurial journey, as well as why he sees being an immigrant as a huge advantage.

Key Quotes:

  • “People talk about the American Dream—it’s truly alive because you can still start a business with a bank account … you can start a business without having a business.”
  • “I said, ‘What if I start my own company?’ and the professor said, ‘Don’t even think about it, it’s the dumbest idea I’ve ever heard.’ In two days, I had my own company.”
  • “School was not easy for me, and I wanted to prove that I’m good at something.”
  • “A key take-home for listeners is that sometimes things won’t be as opportunistic—the economy, local markets, staffing issues, patient issues—and being a little scrappy, being willing to do what other people aren’t willing to do is the upper hand.”
  • “There are two types of entrepreneurs: there are ones that are trying to pull out of their rear end an idea and do something about it, and there are other entrepreneurs that are trying to scratch their own itch—and I believe in the second one.”

Featured on the Show:

subscribe-with-itunes-buttonStitcher-Subscribe-Button

Why Profit Should Come First with Mike Michalowicz

Why Profit Should Come First with Mike Michalowicz- RD Podcast

By the time he was thirty-five years old, Mike Michalowicz had founded and sold two multi-million dollar companies. Then, after becoming an angel investor, he lost his entire fortune and started all over again. Driven to find better ways to grow healthier, stronger companies – he created innovative strategies to help businesses thrive.

The author of various impactful business books, including Profit First, The Toilet Paper Entrepreneur, The Pumpkin Plan, and Surge, Mike carries with him a powerful message that can transform the way we run our practices. In this episode, he explains why traditional accounting hurts businesses and shares insight into his profit-first system that will help turn reactionary choices into sound business decisions.

Key Quotes:

  • The fundamental formula for accounting—sales minus expense equals profit—is crushing businesses because profit is not the first consideration.
  • If you really care about your clients, you’ll really focus on profitability, so that you’re not selling unnecessary things, and you’re not just selling to survive. You’re selling resources that people truly need and caring for them.
  • In our business, if we simply wait to see where and when there’s money, we’re in this binge mentality.
  • If we intentionally restrict our money supply available to run our businesses, then we are forced to run frugal operations, as we should – helping our businesses grow faster and stronger than ever.
  • As money starts accumulating in our profit reserve, it becomes tempting to borrow that money. You’ve got to remove the temptation of borrowing from it by getting it out of sight and out of mind.
  • Instead of using a system that makes us change who we are, use a system that works with who we are naturally.
  • If you’re really serious about being profitable, then set up a new checking account. It’s going to be your profit account.

Featured on the Show:

subscribe-with-itunes-buttonStitcher-Subscribe-Button