725: Michael Stein | Choosing Your Lane and Knowing Your Worth

We talk a lot about adding value to others, but Michael Stein learned that, in the process, you need to remember to leverage value for yourself.
Michael is an entrepreneur, actor, writer, director, producer, and stand-up comedian who has acted and worked with multiple Academy Award-winning actors, filmmakers, producers, and fortune 500 leaders. He is the Host of the Long Shot Leaders Podcast, which tells the story of underdogs who have found success. Today, we’re going to dive into his story, how he broke into the industry, how he lost it all, and how he got it all back and helps others do the same.
Tune in to the episode for inspiration around niching down by choosing your lane, and the opportunities that can come when you know your worth.

Things you will learn in this episode:
[00:01 - 07:29] Opening Segment 

I introduce today’s guest, Michael Stein

Michael gives a bit of his background 

Son to an entrepreneur 

Business-minded upbringing 

Growing up around celebrities 

Michael’s first venture into business

Going from stand-up to show business 

Losing everything and shifting gears to get it back

[07:30 - 17:12] Pick a Problem and Choose Your Lane

Michael talks about his journey into personal development 

Some mistakes take repetition to understand 

How Michael got back up after hitting rock bottom

Compared to his dad’s experience 

Maintaining business momentum by niching down 

The advantages of early adoption 

Keep yourself open to the next channel

Get into the game with a game solver

Figuring out what lane to pick 

Build out a website and raise money

Start making one sale at a time 

[17:13 - 24:55] Michael Stein on Building Your Network

Michael talks about how networking in retrospect

Feeling like your giving something to people 

The importance of self-worth 

How insecurity kept Michael from asking for things 

Let go of grudges 

Who you know or what you know?

The what get’s you in the door to the who 

How the “who” led to Michael finding his worth through personal development

Probability will show itself - just make the right decisions

[24:56 - 35:46] Closing Segment  

“Prime the pump” 

Knowing when to pivot from something that doesn’t work 

Have your goals and limits set in advance

Weigh out the pros and cons

ThE RaNDoM RoUnD

How to connect with Michael

Links below 

Final words 

 
Tweetable Quotes: 
“I got to see all kinds of industries once I put myself out there… Meeting as many people as I could, that really just blew things open for me to start my film career.” - Michael Stein

“If you want to start something, the internet is not new, but branding something - you can be in your own lane.” - Michael Stein 

“Everyone has a chance for this shit. It’s just time, plus effort, plus choices, and consistency. Probability will show itself.” - Michael Stein 

Resources Mentioned: 

The Longshot Leaders Podcast

Rich Dad Poor Dad

 
Want to connect with Michael? You can find him on Instagram, Twitter, and Facebook. Check out https://longshotleaders.com/ - ordinary people, finding extraordinary success.

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