He could have declared bankruptcy, He paid back every dollar instead - Tim Duggal

<p>He owed more than a million dollars and was too ashamed to tell almost anyone. Today he runs a multi-million-dollar business.Tim Duggal built OzMobiles from a second bedroom in St Kilda, buying and selling second-hand phones out the front of his apartment building, into a multi-million-dollar phone trade-in business. But a few years ago he borrowed a million dollars, felt rich, and watched it nearly take everything. A bank manager told him he was in a death spiral. In this episode he&#39;s open about the debt, the isolation, the shame he had to drop to survive, and the chance meeting at a 70th birthday party that turned it around. Along the way he makes the case that the relationship you have with yourself is the one that decides how the business goes.</p><p>0:00 The bedroom hustle that became a multi-million-dollar business </p><p>3:41 The slightly dodgy phone trade he ran from his apartment stairs </p><p>6:14 A doctor dad, a lawyer brother, and him selling second-hand phones </p><p>20:00 &quot;I borrowed a million dollars and felt rich&quot; </p><p>22:16 Waking up owing $20,000 before getting out of bed</p><p>29:48 &quot;You&#39;re in a death spiral.&quot; What his bank manager told him</p><p>32:12 Why he refused to take the easy way out </p><p>35:01 The 70th birthday party meeting that changed everything</p><p>41:46 The leadership skill he learned at rock bottom: actually listening </p><p>55:03 The one relationship that decides all the others</p><p><em>This episode discusses debt, isolation and mental health. If it resonates, support is available in Australia through Lifeline on 13 11 14 or Beyond Blue at beyondblue.org.au</em>.</p><p>Connect with Tim over at https://www.linkedin.com/in/tim-duggal-a596b039/ </p><p>---------</p><p>See behind the scenes over at https://www.instagram.com/danmoussa_thirdwayadvisory/</p><p>Or Linked In - https://www.linkedin.com/in/daniel-moussa-thirdway/</p><p>And if you need help to find the hire that will completely change your business reach out over at https://www.thirdwayadvisory.com.au/</p><p>Hit follow wherever you&#39;re listening so you don&#39;t miss a single episode.<br></p>