Knock on at least 20 doors every month to win business and promote your efforts. It keeps you humble. Humility is key in this business.

 

Mike Hainsworth of Fort Myers is a financial consultant focused on preserving wealth for his clients through the application of proven strategies to avoid losses and minimize taxes.

With an international background ranging from Dubai to Fort Myers, Mike Hainsworth has been serving his clients since 1995. After obtaining a Bachelor’s Degree in Business Administration and Management from Murray State University and a Masters in Business Administration and Management at the University of Alabama, Mr. Hainsworth worked as a defense contractor and field advisor for the PATRIOT missile system in Germany, Riyadh, and Jeddah.

In 2012 he registered an advisory company, Hainsworth Health Advisory in Fort Myers, where he was the President and CEO. In less than four years, he developed an extensive CPA, attorney, and client referral network, tailored tax, estate and financial plans for his clients, conducted educational seminars and managed $72 million of assets catering to a high net worth client.

Currently, Mr. Hainsworth is working for Abacus Financial Consultants in Dubai, focusing on American expat retirement planning. His skill set includes multi-generational wealth transfer, 529 plans, irrevocable life insurance trusts, high net worth insurance, AB trusts, and survivorship planning, and long-term care and assisted living planning.

Where did the idea for your company come from?

It derived from the need to give clients independent advice.

What does your typical day look like and how do you make it productive?

I make a top 10 list every evening of the next days activities. I address the most difficult issues first. I work a defined number of hours each day. Otherwise, the tasks and responsibilities simply expand to an undefined and expanding workday. I have an idea. I discuss it with clients and/or mentors. If the idea is welcomed and approved, I execute immediately. No delay.

What’s one trend that excites you?

Investor involvement in their retirement planning.

What is one habit of yours that makes you more productive as an entrepreneur?

70% is simply hard work. 20% is creativity. The last 10% is the dogfight in the free enterprise system. I like to win.

What advice would you give your younger self?

Listen to my older self.

Tell us something that’s true that almost nobody agrees with you on.

Limit the number of clients you serve.

As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?

Knock on at least 20 doors every month to win business and promote your efforts. It keeps you humble. Humility is key in this business.

What is one strategy that has helped you grow your business?

Detailed planning and execution.

What is one failure you had as an entrepreneur, and how did you overcome it?

Joining a large corporate brokerage firm was a mistake. I went independent.

What is the best $100 you recently spent? What and why?

I send my Mom $500 every month to do whatever she wants with it. It’s play money for her. I can never repay her adequately for raising my brother and me.

What is one piece of software or a web service that helps you be productive?

Foxit software, Facebook, and Google keep me connected and educated.

What is the one book that you recommend our community should read and why?

Good to Great – James Collins It spells out why good companies triumph and why others do not.

Connect:

https://www.mikehainsworthftmyers.com/

https://mikehainsworthfortmyers.contently.com/

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