Today, our guest, Mike Agugliaro, shares his journey from owning an electrical business to scaling it to $32 million in under 10 years with our host, Bob. He highlights the importance of becoming the leader you need to be before reaching your goals and stresses that while AI can enhance knowledge, it can’t replace strong leadership and strategy.

Mike also discusses his successful exit from the business in 2017, where he built a company that operated for five years without him. He emphasizes the value of creating systems that allow businesses to run independently and advises entrepreneurs to set clear financial goals when planning an exit.

Looking ahead, Mike predicts that the next wave of wealth creation will occur between 2026 and 2030, despite the economic challenges. He encourages entrepreneurs to double down on strategic actions, avoid the "wealth trap" of overextending in real estate, and focus on creating balanced businesses.

Episode Highlights:

• 00:00 Welcome to The Wealthy Entrepreneur Podcast
• 04:32 Mike Aguilera's Early Life and Business Struggles
• 10:33 Building a Successful Electrical Contracting Business
• 15:04 Transition to Coaching and CEO Warrior
• 19:22 Founding Food Dog Group
• 28:45 Challenges and Opportunities in the Current Economic Climate
• 31:05 The Trap of Wealth and Personal Development

About the Guest:
Mike Agugliaro's journey from a 15-year-old living on his own to building a $32 million home services empire is a testament to his resilience and mindset shift. He transformed a small electrical business into a powerhouse with 200 employees and 34,000 customers. After exiting his company, Mike founded CEO Warrior, coaching over 1,000 business owners to scale beyond 8 figures. Now, he leads an organization helping business owners scale, master life, and build wealth with elite products, specialized training, and strategic guidance. Mike’s mission is to impact 120 million people globally, proving that no matter where you start, you can rewrite your story.

Connect with Mike:

• Website: https://mikeagugliaro.com/
• LinkedIn: https://www.linkedin.com/in/mikeagugliaro
• Facebook: https://www.facebook.com/mikeagugliaro/
• Instagram: https://www.instagram.com/agugliaromike/?hl=en

Resources:

• Visit The Wealthy Entrepreneur Website: https://www.wealthyentrepreneur.co/ 
• Download The Wealthy Entrepreneur (digital book) for FREE: https://profitsimple.ca/wealthy-entrepreneur

• Like our Facebook Page at https://www.facebook.com/wealthyentrepreneurofficial

• Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

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Let’s continue to work on becoming a Wealthy Entrepreneur!