The Tour de Profit - Jake A Carlson MBA/JD

Rich Allen is a nationally renowned speaker whose primary mission and purpose are focused on one single objective – to help business owners engage and activate the power of their team. He is author of The Ultimate Business Tune Up: A Simple Yet Powerful Business Model That Will Transform the Lives of Small Business Owners. During his 30+ years in the industry, he has gathered knowledge and expertise that allows him to inform business leaders on how to energize their team and transform their business into one that is profitable, sustainable, and driven by radically-engaged team members in a way that’s as easy as riding a bike.

Top Takeaways: The Tour de Profit with Rich Allen

The answer is NOT to work harder
Learning business is a never-ending experience
To change where I was at, I had to make a bold decision
Sometimes we get stuck because we are too afraid to make bold decisions
Sometimes when climbing the ladder (of success) you need to lean your ladder against a different building
How is your business like a bike?
Too many businesses rely on leadership for thinking and employees for labor- but employees have great ideas
Kaizen- a Japanese word for continuous improvement
We got buy-in from top by keeping strong metrics and showing our impact
The first time we hit all 5 metrics in a given month, we drew a name from a hat and I gave them my car
Speak to something that is meaningful to them (your team)
From that moment, the team knew they could do anything
Give the team a feeling of ownership in the success and profit of the company
When employees win, companies win
Profit sharing even works in service-based businesses
As a business you owner, you want 80% of a big number, not 100% of a small number
The business owner will attract employees that align with their passion
Align your profit-sharing program with your performance assessment process
When we ride together, we can go faster