The Journey To Hell And Back Led Him Out $1.7 Million In Debt And Unlocked Massive Wealth | Anik Singal
Play episode · 1 hr 5 min

In this episode of the Millionaire Mindcast, we have a stellar guest, Anik Singal who shares tips and insights on how to get back from failures, how to build an amazing culture within the organization, how to bring new perfect team members, and the good thing about failures!

Anik Singal is the Founder and CEO of Lurn, Inc. He has trained over 300,000 entrepreneurs all over the World and recognized as one of the World's Top Entrepreneurship coaches. His mission is to empower more than 1,000,000 Entrepreneurs through his new Lurn Nation platform.

The BusinessWeek recognized him in the Top 3 of the Best U.S. Entrepreneurs Under 25. He’s an Inc500 CEO, listed 2-times among the Fastest Growing Companies in America. Anik is also incredibly passionate about giving back for nearly two decades. Planning to scale his mission globally, all through his non-profit organization, For All Our Good.  

Anik came from a family of doctors with no background in entrepreneurship. He was supposed to be in a medical field but felt like it was not a good thing for him, hence, switched to business school and pursued in business. 

But just like any other entrepreneurs, Anik experiences ups and downs. On the third time around, he still manages to stand-up with over a million in debts. Closing off all his offices, and reducing his 96 members down to 6.

Patience is a virtue. This time, Anik figured out things on himself and on his business. He knows this is part of the process of being an entrepreneur. Therefore, he strives hard to start again and pay all his debts. How did he do it?

Basically, Anik feels bored in the system but he injected people that enjoyed it and mold an amazing team. He serves as a consultant in his own company. Teaching his team members hard and helping them grow. Besides, Anik let his team members grow intellectually and figured out things by themselves. He wanted to empower each team member separately. Right or wrong doesn’t matter to him. He is all about the end results.

 Through building a great culture, creates a collaborative and conducive environment for growth. As a result, doubling his company this year. But with all his achievements, he wouldn’t want to call it ‘lucky’ because he puts in all the hard work for this!

Some Questions I Ask:

  • Where did your entrepreneurial journey begin at the early stages? (02:19)
  • How did you handle those times of boredom and how did you manage to get to that next level? (16:19)
  • What are some of the core values and characteristics that you have to see in your candidates to ensure they feel aligned with the core values and skill sets that are needed for your brand?  (30:13)
  • What is wealth meant to Anik? (41:09)
  • What’s kind of your portfolio in building and protecting the wealth that you’ve created? (47:310)

In This Episode, You Will Learn:

  • Failure as part of the process of being an entrepreneur (02:46)
  • Key lessons that Anik have learned during his down moments (09:32)
  • Hard truths about entrepreneurs (17:23)
  • How to find people and the right team members (20:50)
  • Leadership by Absence – what’s this concept all about (23:02)
  • The Quiet: The Culture Index (30:46)
  • Deductive person versus Inductive person (32:43)
  • The real purpose of Tax Code (49:19)


  • “Entrepreneurship’s not about risk, it’s not about gang slinging at all, it’s more about being strategic than anything in your life.”
  • “I am a consultant in my company and I’m not an employee in my company.”
  • “What’s wrong with losing a few thousand bucks back to back on five ideas and on the sixth one you make multi-millions?”
  • “It’s not about the money, it’s about the impact that can make.”

Connect with Anik Singal on: 


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And a couple of years back, this family bought it and they renovate the whole thing and turn it into, one of the dorms they turned into a bed and breakfast. And then the rest of it, they turned to haunted houses. There's a zombie house, a clown house, and it's these old creepy buildings from the early 1900s. And anyway, it's insane. So we go every year. This year we took two of our friends, Rachel Peterson and her husband, Paul, and they came with us, which was really, really fun. So anyway, on the trip down, Rachel asked me, says, "What are your favorite books you're reading right now?" Everyone time someone asks me that question about books, I always freeze, because there's so many. I'm obsessed with books. I have more books than anybody I know. And I buy them every day and tons more. And I don't read most of the books, I listen to most with audio. But I buy the physical book too, because I like having physical books. Anyway, all sorts of turmoil. I sat there like a deer in headlights thinking. I kept thinking and thinking and I realized right now ... And it's tough, because you know how it is, different seasons of your life there's different books and all those kinds of things. So anyway, I'm in a season of my life I'm actually really excited for. I'm preparing, not really, I'm mentally thinking about my next book. I think I told you guys before, my next book. I bought the domain So the book's going to be called Bootstrapped, and it's going to be the ClickFunnels story, how we did it. It's going to be different, because all my other books have been how-to books, right? How to get traffic, how to build a funnel, how to write copy, things like that. But this book's not going to be how-to, this is the story of it. And so I've been obsessed, listening to books about companies and people telling their story about how they built the company. 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18 min
The Mike Dillard Show
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58 min
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