Summary
In this episode of the Making Billions podcast, host Ryan Miller engages with Michael Fillios, our founder and CEO of IT Ally, exploring Michael’s unique entrepreneurial journey from accounting to technology leadership, and ultimately, to founding his own company. Michael shares insights from his 30-year career that saw him transition from accounting with Ernst & Young to significant roles in technology and finance, including a pivotal move into ERP implementation. This shift marked the beginning of Michael’s blend of business and technology expertise, eventually leading him to entrepreneurial ventures, including IT Ally.
Michael’s story is a testament to the non-linear paths entrepreneurship can take, illustrating the impact of diverse experiences in shaping a successful business. He discusses the evolution of IT Ally, highlighting its focus on assisting small to medium-sized businesses and private equity firms to leverage technology for strategic advantage. Michael also touches on the challenges and misconceptions of entrepreneurship, such as the myth of going it alone, the importance of work-life balance, and the nuanced role of funding in business success.
Moreover, Michael emphasizes the significance of continuous learning, adaptability, and the cultivation of a learning organization to stay innovative in the rapidly changing tech landscape. He shares his motivations for writing two books, “Tech Debt” and “Tech Equity,” aiming to equip business owners with the knowledge to harness technology effectively. These books are part of Michael’s broader legacy and thought leadership efforts, underscoring his commitment to contributing to the business community and setting a foundation for future generations.
As Michael looks to the future, he outlines his vision for IT Ally’s growth and his personal focus on legacy and thought leadership. His advice to aspiring entrepreneurs—believing in oneself, being open to feedback, embracing risk, and maintaining resilience—reflects his seasoned perspective on building a successful enterprise. This podcast episode not only sheds light on Michael’s entrepreneurial journey and IT Ally’s mission but also offers valuable lessons and inspiration for entrepreneurs at any stage of their journey.
