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Columbus Entrepreneurs' Podcast is primarily for members of the Columbus, Ohio chapter of Entrepreneurs' Organization (EO). Our members include business owners with a majority ownership in companies with at least $1 million in revenue. The stories are inspiring and focus on core principles of EO, including speaking from experience instead of advice giving, building peer learning experiences, and focusing on the top and bottom 5% of our lives. EO is a global organization that offers many benefits and learning opportunities. If you would like to learn more about EO, please visit www.eonetwork.org.

Mar 21, 2017

Michelle Merkel’s entrepreneurial spirit was nurtured from a very young age. She would sell her crafts at schools, and eventually, stores. Her father taught her to chart stocks and invest in the market. By the time Michelle’s childhood finances reached $10K, she funded her own backpacking trip through Europe. She now pays it forward by instilling her children with a mindset for success, and supports them in their business ventures. Michelle joined EO to gain valuable insights from other business owners, to share with other like-minded entrepreneurs, and learn how to hire and maintain good employees.

 

Key Takeaways:

[:42] Michelle shares her “lifeline” — She learned the value of a dollar and how to chart stocks from her entrepreneurial kin. She attended DePaul University to prepare herself for her future financial planning business. She has three children with her husband Greg, who is also an entrepreneur.

[4:50] Michelle joined EO to find a like-minded, entrepreneurial community.

[6:19] Michelle encouraged her daughter, Brooke, to take a course from local business owners. The course ended with a Shark Tank, through which Brooke’s idea was funded. Rev1 Ventures selected Brooke’s idea to develop a mobile app for teens to organize and trade gift cards. Watch Brooke’s TEDx talk on youtube.

[11:09] Michelle knew from a young age she wanted to have her own money. She sold craft items in stores and saved enough money to go backpacking through Europe.

[12:48] Being an employer has its challenges. Michelle is interested in gaining valuable information from EO forums about hiring and maintaining good employees. She is also looking for insights on employer-employee relationships.

[14:53] Michelle wants to be a good role model, and create a legacy her children can be proud of.

[15:47] Michelle is working on defining commitments within her business.

 

Mentioned in This Episode:

Columbus Chapter of Entrepreneurs Organization

Rev1 Ventures

Brooke Yoakam TEDxColumbus