Mike was born a Kiwi moving to Australia at the age of 17. For the next 10 years Mike moved around Australia, doing a wide range of jobs.
At the age of 28 Mike formally started in business – initially as a Second-hand dealer buying and selling anything of value. He successfully bootstrapped this business to 3 shops with a steady profit. However he was working 7 days a week, effectively 90 hours a week while earning much the same as his staff who were working 40 hours a week.
Disillusioned with how he had been encouraged to “work in his business”. Mike broke away from the “managing” mindset and became an Entrepreneur.
At the age of 34 he started and grew an Australia-wide short distance removal business – MiniMovers. This business topped $30M turnover with 500 staff.
In 2007 Mike exited the day to day of this business (still retaining full family ownership) and started educating himself. He completed a 3 year Masters in Entrepreneurship programme at MIT in Boston USA; he became a Commissioner on the Fair Pay Commission charged with setting the Minimum Wages in Australia; and he took up several Board positions.
The GFC hit his businesses hard. Since then he has globalised his interests. Today he has interests in 3 or 4 countries in a variety of different business ventures.
In his words – he has too many eggs in one basket – that basket may not be Transport but may be Australia.
From an offshoring perspective, in 2001 using oDesk (now UpWork) Mike O’Hagan started employing Filipinos. He used fulltime assistants, small marketing teams and regular specialised resources. As he developed and grew, he learned from his mistakes.
In 2010 his Australian business was affected by the GFC. It plunged into a +$1Million a year loss. Using Offshoring strategies – his own people, in his own space – trained and managed to his processes with his work culture – Mike turned the loss into a substantial profit – within a few months. He followed this up by using his Philippines team to build a new way to market to new customers and added new services to the business, which were possible due only to the lower costs.
Mike returned to Australia and shared this with other business owners. They didn’t “get it”. Until an informal group of 10 business friends asked Mike to show them the opportunities in Manila. During a rather disorganised week Mike showed his business friends the Offshoring Opportunities he was seeing and using. At the end of the week everyone raved about what they had learned – MikesManilaTours was born.
An innovative way to learn opportunities with what to and what NOT to do. Quickly followed by how to take it a step further to get leading edge results – all on a low budget.
Mike believes business models are rapidly changing. He’s seeing micro business owners living in remote places accessing top end low cost resources to run and develop their businesses.
High performance is no longer the mantra of big business. The cost and resource playing field is now level – with smaller businesses more adept at swift decision-making and change shining though.
Never in his 40 year business history has he ever seen as many business opportunities as there are now.
Mike is also a sought-after presenter for business events, where he shares his unique insights about improving Business Cashflow and Profits through a global approach. As his gift to the Business Entrepreneur Community, he covers his own travel and accommodation costs or broadcasts live via an online link from wherever he may be in the world.
Know this for sure …. You are learning firsthand from a practising Serial Entrepreneur and are certain to walk away from any meeting with, or presentation by, Mike O’Hagan with practical actions you can implement immediately to improve your business and cashflow.