The 7 Hats

🎙️ What if profit isn't cash, and growth is just a house of cards?

Mike Straza has worn every C-suite hat in the book: CEO, CFO, COO. He learned the hard way that most "profitable" businesses are one invoice away from disaster. This episode strips away the startup gloss and reveals the hard truths behind real sustainability.

Whether you're bootstrapping, scaling, or sitting on a financial time bomb, Mike will shift how you think about money, systems, and sanity.

🎩 Summary

This isn’t another hustle sermon. It’s a masterclass in operational clarity and entrepreneurial grace.

Mike Straza built, scaled, and exited multiple companies. He also hit the wall. He ran two businesses at once, sacrificed his health, and learned that financial illusions don’t pay the bills or preserve your peace. We explore what happens when your P&L looks strong but your bank account says otherwise. When you're hiring for growth but bleeding from the backend. When you’re so busy being the business, you forget to build one.
Mike unpacks why cash flow is not the same as profit, why you should never scale without a margin, and how grace, not grind, is often the founder’s secret weapon.

🎩 Hats Covered

• 🎩 1: The Soul
• 🎩 4: The Entrepreneur
• 🎩 5: The Investor

💡 Key Takeaways

• 🎩 4: Scaling without systems just means scaling chaos
• 🎩 5: Profit on paper means nothing if you can’t make payroll
• 🎩 1: Grace is strategy when you’re your own harshest critic
• 🎩 5: Growth should follow margin, not drive it
• 🎩 1: Self-worth cannot be measured by headcount or hustle
• 🎩 4: Success is not about being needed. It’s about being replaceable

👤 Guest Bio

Mike Straza is a veteran operator and fractional executive who has built, scaled, and sold companies across multiple industries. From running operations for family firms to launching two startups at the same time (not recommended), Mike now consults with founders to help them build resilient, margin-rich businesses. He is obsessed with sustainable growth and allergic to financial illusions.

⏱️ Timestamps

00:02 – Childhood roots and early entrepreneurial spark
00:10 – Launching two startups at once: chaos and clarity
00:18 – The ego trap of doing it all yourself
00:26 – When profit isn’t cash: the cashflow crisis
00:35 – Founder burnout and the unraveling of health
00:42 – Making payroll, managing stress, and avoiding VC traps
00:50 – Hiring for sales versus staying stuck as founder-led
01:00 – Why grace, not grind, is what founders actually need
01:10 – Philanthropy, giving back, and sustainable contribution
01:20 – Who Mike had to stop being to become who he is

✅ Actionables

• Track your actual cash, not just your profit margin
• Do not scale if your margin cannot handle it
• If you're still the main salesperson, fix that now
• Start saving before the storm, not during it
• Practice grace. Your inner critic is not a strategy

🔥 Quotes

“Profit doesn’t pay the bills. Cash does.”
“Success without sanity isn’t success. It’s just survival.”
“Growth is addictive. Margin is freedom.”
“No one’s coming to applaud you for missing payroll.”
“You care more about your failure than anyone else does. So give yourself a break.”

🔗 Links

Mike Straza on LinkedIn
Straza Consulting

If you're chasing growth without a margin plan, you’re not building a business. You’re building a trap. Let Mike show you the way out.

🎩 Subscribe, share, and let’s keep growing together.

What is The 7 Hats?

Welcome to a realm where audacity, innovation, and bold dreams reign supreme!

Entrepreneurs, that daring 1%, who dare to dream bigger, do more, and believe beyond the norm. They're the ones who hunger for a chance to leave a lasting IMPACT on the world and touch lives around them. But the quest to make a mark often throws up a tough question - how to find the perfect equilibrium between personal growth and enterprise development? Here's where "The 7 Hats" steps in.

"The 7 Hats" is your weekly shot of inspiration, designed to help you, the passionate entrepreneur, master the art of balancing seven crucial spheres of life. It is an exciting journey that promises to lead you to the IMPACT you're yearning for and the satisfaction you perhaps didn't even realize you were missing.

Yuval Selik, your guide on this journey, is a battle-hardened entrepreneur himself with a track record of creating two successful ventures in the buzzing arenas of CPG and Tech. He's tasted the bitter pill of failure, survived the crushing pressure, and emerged triumphant. He's been in the exhausting rat race, felt the burnout, hit rock bottom, and then found his way to the top again. His tale is a testament to resilience and reinvention.

"The 7 Hats" is an exhilarating blend of enlightening interviews, special co-hosts, and soul-stirring solo shows, all guaranteed to leave you with priceless nuggets of wisdom that you simply cannot afford to miss.

We're going to navigate this thrilling voyage together, and along the way, we'll redefine what it means to be successful, and above all, fulfilled.
So what are you waiting for? Smash that subscribe button and prepare to transform your life with "The 7 Hats". Join us in this adventure, and let's make an IMPACT together!