Making Bank

A Journey Through Entrepreneurship with guest Mike McDerment #MakingBank S5E4

July 26, 2020

MAKING BANK is now a weekly YouTube TV show - iTunes Podcast uncovering the Mindset and Success Strategies of the Top 1% so You Can Amplify Your Life & Business.

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=== SUMMARY === 🚨🚨🚨

Co-founder and CEO of FreshBooksMike McDerment, joins us on this episode of the Making Bank podcast! Today, we discuss the path to entrepreneurship, growing your company, the importance of work culture and much more.  

After accidentally saving over an invoice, Mike developed an accounting software for the self-employed professionals from his parents’ basement. Since 2003, over 24 million people have used FreshBooks to expediate and simplify their billing process. FreshBooks offers a simple but powerful accounting software, that now ranks number two for accounting software in America. 

In this episode, we cover a variety of topics, such as the obscure and sometimes random path to becoming an entrepreneur. While many entrepreneurs begin at a young age with a passion for business, this route to success has only very recently come into mainstream career conversations. We speak on the effects of this, and how Mike learned to navigate the world of venture capital investors, scaling, and product design. He also covers his experience with transitioning to virtual work, as well as his free, short book, “Breaking the Time Barrier,” which has been read by over a quarter million people. He imparts a wealth of knowledge that any young start up or aspiring business owner needs to hear.    


Highlights from the episode include:  🚀🚀🚀


✔How childhood experiences indicated a future in being an entrepreneur  

✔The difficulties with scaling your team, product, and capital  

✔The importance of recognizing one’s knowledge and limitations to build a strong company 

✔A creative way on how to maintain a quality product while leaving room for experimentation  

✔The importance of fostering a heathy and effective work culture   

✔The transition to remote work  

How to properly evaluate one’s skillsets


And much more! -- 👉 Full Episode Details -


#MakingBank, #MikeMcDerment,, #josh, #felber, #entrepreneur, #MakingBankS5E4, #scaling, #culture, #remotework


🔥 = ABOUT Josh Felber = Free Success Mindset eBook 🔥

As a GOD Focused, High-Performance Dad, Family man and Serial Entrepreneur, I help others Master the 4 Pillars of an Integrated Life. FAITH, FAMILY, FITNESS & ENTREPRENEURSHIP..

A serial entrepreneur with 31+ years of starting and growing multiple multi-million dollar companies I’ve been Featured:

• 3x Inc 5000 Serial Entrepreneur
• 2x Emmy Award Winning Producer
• A contributor to articles on,, &
• 2x Best-Selling Author as a co-author with Steve Forbes & Brian Tracy
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• Keynote Speaker
• Host of Making Bank TV Show


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