051 | Maneesh Sethi Survived 4 Business Deaths and the Shark Tank Squad before the “Shocking” Success!

051 | Maneesh Sethi Survived 4 Business Deaths and the Shark Tank Squad before the “Shocking” Success!

Maneesh Sethi is the founder of Pavlok. The maker of hardware, software, and services that help people change their habits for good. The two flagship products are Pavlok and Shock Clock.

Do you have a few days every month where you worry and stress over whether your business will have enough money for the month? Whether payroll will be covered or any debt getting paid off?

This week’s guest, Maneesh Sethi, went through 4 near-business-death experiences. His fourth one is what led to his breakthrough, realizing that adjusting his terms with his suppliers would make a huge difference in his finances.

By swapping to 63 day net terms with his supplier and 60 day net terms with Amazon, he got rid of the days where there wasn’t enough money to pay the bills.

If you have a product based business and are continually struggling with a few days gap of cash flow problems, it’s time to sit down and have that tough conversation with your manufacturers, suppliers & distributors. In this episode Maneesh and I discuss how best to do that!

If you’re ready to stop stressing about your finances and ask for new terms from your manufacturers, suppliers, or distributors, this episode of Success Unfiltered is a MUST LISTEN!

Enjoy, and thank you for listening and tuning into Success Unfiltered!

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Special thanks goes out to Maneesh Sethi for taking the time to chat with Michelle. Be sure to join us next week for our next new episode!

P.S. Business Risks Can Be Foolish Sometimes. But NOT taking risks at all is just as short-sighted! If you want to get to the next level in your business, you’re going to have to put yourself out there. But you don’t have to bet the farm to score a win, either. Learn how to take risks in business the smart, savvy, and courageous way. Click HERE for my checklist, “The Calculated Risk Checklist: 3 Ways To Take Business Risks With CONFIDENCE.”

Here are a few key secrets we talked about in this episode:

• Michelle introduces Maneesh.
• Maneesh’s first NO occurred when he was just 12 years old.
• That big NO actually led Maneesh to write his very first book that turned into an international best seller.
• Positive reinforcement does not work for Maneesh, but he explains what does.
• 50% or so of people are motivated by NO, Maneesh is one of those people.
• One of Maneesh’s biggest NO’s occurred while he was working at his incubator.
• After several VC’s told Maneesh NO, he knew that in order to get his products out on the market, he’d have to sell them, rather than give them away. He shares the full story in this interview!
• A webinar led to over $30K in pre-orders.
• Maneesh shares how he was able to get so many people onto his webinar, and have such success.
• Pavlok, Maneesh’s company, experienced 4 business death situations, he shares the 4th, and what he thought was the final one.
• Negotiating his terms, led to real success for Maneesh and Pavlok.
• “Money is a story and that story is told each time a transaction takes place and that that story is a story of trust.” ~ Maneesh Sethi
• Understanding trust and building it, is what has led Maneesh to a fundamental breakthrough with his business.
• Maneesh’s most accomplished NO was his experience on the show Shark Tank. This is a GREAT story!
• Maneesh’s experience on Shark Tank led him to spend the next year and a half mastering his product.
• People have experienced 70 to 80 percent success from the Pavlok products.
• Inkwell investment company offered Maneesh $250K, but he turned them down. He explain why, in this episode!
• “Begin acting not like the one who needs money but the one who's offering the potential for you to win! This is the way that you have to communicate with investors.” ~ Maneesh Sethi
• Maneesh shares what he would tell his younger self.

Get more from Maneesh:

• Pavlock Pro Wristband - Smart Wearable
• Pavlock Shock Clock Wake Up Trainer
• Game Programming for Teens
• Web Design for Teens
• PHP for Teens
• 3D Game Programming for Teens

Connect with Maneesh:

• Facebook
• Twitter
• Instagram
• Pavlok

P.S.  Business Risks Can Be Foolish Sometimes. But NOT taking risks at all is just as short-sighted! If you want to get to the next level in your business, you’re going to have to put yourself out there. But you don’t have to bet the farm to score a win, either. Learn how to take risks in business the smart, savvy, and courageous way. Click HERE for my checklist, “The Calculated Risk Checklist: 3 Ways To Take Business Risks With CONFIDENCE.”

Music produced by Deejay-O  www.iamdeejayo.com