Join us as we delve into the inspirational journey of Michael Malgiere, a towering figure in the flooring industry. His story starts at 19 when he opened a restaurant, and how the crisis of 9/11 led to a strategic pivot to starting a flooring business. Michaels unique ability to communicate in multiple languages set him apart in the business world. This ability was a key differentiator in his business, especially in dealing with non-English speaking workers in the industry.
Michaels story is not just about business strategies and success. It also encompasses the emotional grit required to handle rapid business growth and potential company-ending blows. One such instance was navigating the pricing gouge during the COVID-19 pandemic. This chapter of his life underscores the resilience required in times of loss and provides an intimate look into the adversity that came with the pandemic.
One significant aspect of Michaels life is the impact of family and upbringing on his success. His transition from a challenging neighborhood to the suburbs, and his successful business partnership form an integral part of his story. However, it was the tragic story of Charlie, a terminally ill colleague, that revealed the resilience required in times of loss.
This episode also brings to light the invaluable lessons from Michaels business journey the importance of patience, having the right people around you, and the pivotal role equity plays in a business. It is about dealing with loss in your business and the emotional strength required to keep going. In essence, success, according to Michael, is more than just monetary gainsits about the intangibles in life.
One remarkable incident in Michaels life was when a truck smashed into him and Charlie while they were on the highway. Michael had to make a difficult decision when the driver refused to pull over. This incident highlighted the importance of being malleable in business and going where the business takes you.
In conclusion, Michaels journey in business and life provides invaluable insights for budding entrepreneurs and established business owners alike. His story of resilience in the face of adversity and his ability to adapt and grow despite the challenges serves as an inspiration for all.
