Connect with us


What It Takes to Run One of the World’s Most Successful Luxury Brands

Michael Maddaloni is the CEO of the Michael Louis New York Brand (@michaellouisny), a luxury lifestyle brand that handcrafts premium leather accessories in New York. Michael also runs The Luxury Lifestyle Magazine (@luxurylifestylemagazine), one of the most influential social media companies that offer an array of services such as original content creation, advertising exposure, article features, and media campaigns. Staying on top of tasks as a CEO of two businesses is definitely challenging, to put it lightly, but Michael has a few secrets that help him run his ever-growing companies.

Too Much Control Is Wrong

It’s expected that every CEO will try to be in control of as many things as they possibly can be. However, Michael’s experience taught him that too much control is a bad thing. When he started the Michael Louis New York Brand, Michael tried to stay on top of even the tiniest details every day. However, he soon realized that such a management style would ultimately harm the company’s growth and development.

Then, Michael came up with a new strategy. He decided to let everyone on his team carry out their role; instead of meddling in other people’s tasks, he thought it would be wiser to instead oversee everything from afar. As a result, he had more free time to focus on developing new products and marketing strategies, and creating more ROI and effectiveness for his brand.

Unique Strategy for Hiring New Employees

When searching for new employees to join the team, companies often focus on education and previous experience. However, Michael found a strategy that helps him assess the new candidates more efficiently. Instead of focusing on their past, Michael tends to focus on the candidate’s future.

“We focus on their energy, their goals, and where they see themselves in the next five years,” Michael explains. Before offering anyone a position in his company, Michael assigns the potential candidates a special task to do. “We always have the new hire handle a few real-life business tasks within our company prior to offering a position.” So far, this strategy has worked well for Michael, and he knows that his employees are capable of handling any problem that may come their way.

Failure Is the Best Teacher

Michael points out that it is impossible to run a business without making mistakes or experiencing failure from time to time. Even seasoned entrepreneurs with highly successful businesses make the wrong calls, which have negative outcomes. For Michael, though, failure is a good thing, and it is the best possible teacher.

Failure is inevitable, especially when someone is running a business. As Michael points out, in order to become successful, one needs to take risks. And, of course, every risk comes with a great possibility for failure. In Michael’s opinion, the worst thing to do when experiencing any sort of failure is to give up. Instead, he advises all aspiring entrepreneurs to learn from their mistakes, change what they think is wrong, and try again.

“It takes failure to succeed,” Michael says. “Enjoy the process, stay curious, stay open-minded, and take every lesson as a blessing. With this mentality, everything will start to slowly shift over time.”

Final Thoughts

Being a CEO of one company is challenging. However, Michael Maddaloni manages to ensure constant growth and success for not just one, but two of his companies. Michael is passionate about helping others and enhancing their perspectives and beliefs on life. For more invaluable tips and motivation for success, make sure to follow Michael on Instagram.

Nicolas Bueno is a Columnist at Disrupt Magazine. Nicolas Bueno is also the Content Manager at HighKey Agency. With a background in public relations and his passion for business, he now shares exciting stories of entrepreneurs and how they’re succeeding in their fields!

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Entrepreneurship9 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship10 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance2 years ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship2 years ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship2 years ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship3 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.