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Inside LaunchStreet

This innovation podcast will resonate with those that recognize that being more innovative is their ticket to being indispensable and for leaders of all levels under pressure to build a culture of innovation. A blend of insightful interviews, audience questions, spotlights, and an occasional rant, your host Tamara Ghandour brings a fresh perspective to innovation. As the author of Innovation Is Everybody's Business and the creator of the Innovation Quotient Edge assessment, Tamara makes innovation accessible to all of us in this conversational style podcast.
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Oct 17, 2017

Mike Arce is the host of the top fitness business video podcast, “The GSD Show.” He is also the founder and CEO of Loud Rumor, a 7-figure advertising agency for small businesses in the fitness and wellness space, like Orange Theory. Mike stopped by Inside LaunchStreet to talk about the skills you need to achieve success, the power of systems to unleash great people and innovation, and what it means to GSD daily.

 

Key Takeaways:

[1:20] How did MIke’s love of martial arts lead him to become a fitness trainer and enter the fitness marketing space? Mike parallels fitness to successful businesses.

[3:12] Mike’s business coaches have all told him that he’s their number one student.  Mike’s ability to put things in motion has earned him this title. Success hinges on learning and executing!

[4:50] Tamara shares that often people think that learning is the execution. Listen in to find out where the balance is between learning and execution.

[7:19] Mike explains what his agency, Loud Rumor is about and chimes in on what it took for them to achieve a great culture. He shares his struggles about looking inward to improve his leadership skills.

[10:39] Mike believes that the greatest skill a good leader possesses is knowing that you are never a great leader! Mike and Tamara both share a personal experience about leadership. Tamara reminds us that leadership comes at all levels.

[13:09] Get introduced to the “entraemployee” mindset. Success happens when everyone operates under the mindset that we all own our company. This mindset creates job security and prevents people from looking for a greener side.

[14:50] How do you foster the sense of ownership and create the “entraemployee”?

Tamara stresses the importance of making your own situation “greener.”

[17:13] Mike wholeheartedly believes that systems make a really great business and great people work within a great system. When there is more organization and clarity, people are happier coming to work. Greater confidence and satisfaction follow.

[20:25] What is the best way to figure out systems? Tamara believes that structure allows for innovation because you have the baseline stuff taken care of. It gives you a framework to walk through the process.

[25:26] Listen in to find out what GSD stands for. You don’t move forward by getting shit started.

[26:44] Mike shares his strategies for getting shit done.

[29:24] Tamara questions Mike about the impact our health plays in business performance. Mike answers the question by saying, “the health of the airplane is the most important part of the entire trip.” Sometimes, we forget that our bodies are the airplane.

[33:14] Mike’s advice to entrepreneurs that are attempting to scale a smart business in a crowded industry is to dive all the way in! The most successful way to learn a foreign language, is to move there. The most successful way to break into an industry is to learn to talk the language by attending conferences, reading books, surrounding yourself with people already in the industry and to have mentors.

[35:14] Mike’s favorite movie series is ROCKY. When ROCKY had to prepare for a fight, he did nothing but prepare for the fight. He did whatever it took to get the job done.  

[36:54] Connect with Mike on Facebook, LinkedIn, Instagram, and at  

mikearce.live

 

If you are ready to:

■ get buy-in from key decision makers on your next big idea

■ be a high-impact, high-value member that ignites change

■ foster a culture of innovation where everyone on your team is bringing innovative ideas that tackle challenges and seize opportunities...

Join us on LaunchStreet — gotolaunchstreet.com

 

Mentioned in This Episode:

Mike’s agency

Youragencycoach.com

Leaders Eat Last: Why Some Teams Pull Together and Others Don’t, by Simon Sinek

Start With Why: How Great Leaders Inspire Everyone to Take Action, by Simon Sinek

Hug Your Haters: How to Embrace Complaints and Keep Your Customers, by Jay Baer

Customer Satisfaction is Worthless, Loyalty is Priceless: How to Make Customers Love You, Keep Them Coming Back and Tell Everyone They Know, by Jeffrey Gitomer

The E Myth: Why Most Small Businesses Don't Work and What to Do About It, by Michael Gerber

Scaling Up: How a Few Companies Make It...and Why the Rest Don't, by Verne Harnish

 

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