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.
Jake Carlson | Podcaster | Speaker | Leadership Mentor
The Tour de Profit
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
Listen to the Audio
Jake Carlson | Podcaster | Speaker | Leadership Mentor
The Tour de Profit
Subscribe to the podcast – Never Miss an Episode
Learning From Leaders:
Current Book: The Bezos Letters: 14 Principles to Grow Your Business Like Amazon by Steve Anderson
Leadership Superpower: Inspirational
Motivational Mantra:
[shareable cite=”Rich Allen”]Don’t let dollars delay destiny[/shareable]
Book Most Often Gifted: The Road Less Stupid by Keith J. Cunningham
Additional Items Mentioned
Rich’s website and *special* offer: Tourdeprofit.com/MLP
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
