NBP52: The Baseline of a Business to Succeed with Rick Chisholm

  In today's episode we talk about turning your business around and hopefully double your profits within 12 months and shave off time needed to get there. To achieve these outcomes there is a minimum baseline level of knowledge you must learn in business to succeed. The vast majority of entrepreneurs do not have enough information on how to identify what should be done if your business is not succeeding the way you would like it to be. What is it that you actually want to achieve as an entrepreneur? An example of an area of business that is underrated is the benefits of implementing a "zero tolerance to errors" using particular but simplistic (and costless) communication strategies in your business. Sloppy communication can send businesses broke. TOPICS DISCUSSED IN THIS PODCAST EPISODE: Profits and cash/cash flow To be able to do what you want-when you want it and making money without your business depending on you The entrepreneurial journey How to truly run a business The 'trough' of sorrow The benefits of entrepreneurs maintaining a healthy and fit lifestyle. Dealing with lawyers, accountants and supposed experts every time you have a problem costs money. Learn enough about law and the basics of business so that you don't throw money down the drain, especially with lawyers. RICK CHISHOLM SAID: Learn enough about how to run a business before you start running one. The number one rule in business is, you must show up. Passion for me is getting results helping people become successful. HEAR MORE ABOUT RICK CHISHOLM: Rick Chisholm made history when he single-handedly changed the professional Audio-Visual Industry by breaking all the rules and capitalized over 50% market share in Australia with very little capital, no partners, mergers or lenders and set up the first franchise operation of its kind. Rick has founded 7 Companies and more than 30 businesses such as Innovest, Al Machine, Lightsounds, LSW, Light Emotion et al with revenue in excess of $300 million and having employed more than 1,000 staff over the last 35 years. Rick is known as the Start-Up and SME Guru and is an Author of a number of books including Business Success for Life. Unlike many mentors, he actually walks the talk and has a number of businesses under management in such areas as Automation, Events management, Importing, Distribution, Retailing and E-commerce. His BIG passion is Business Education Empowering Business Owners through knowledge and skills. Whilst Rick has experienced great success, he has also endured many failures. Rick has faced and overcome the exact same challenges you are facing now. FAVOURITE QUOTE TO SHARE WITH THE WORLD "Formal education will make you a living; self-education will make you a fortune." -Jim Rohn ONE BOOK YOU SHOULD READ Personal MBA by Josh Kaufman CONNECT WITH RICK CHISHOLM Facebook Facebook Business Page LinkedIn Youtube Website: https://www.innovestme.com/au Website: http://www.macquariebusinessconsulting.com/au Website: www.rickchisholm.com Website: https://lightsounds.com/au Website: http://industrygear.com/au Business Ownership Practitioner Certification Course (BOPC), 3 days Testimonial on BOPC TV Appearance Email E-learning: https://elearning.innovestsme.com.au https://elearning.innovestsme.com.au/course-online-team-training-platform​ Innovest Legal: https://www.facebook.com/Innovest-Legal-431333860619813 https://www.linkedin.com/company/innovest-legal​ CONNECT WITH SASHKA Facebook Instagram Pinterest Twitter LinkedIn Want to be a guest on the podcast? Apply to be featured on the No Name Brand Podcast here. SUBSCRIBE ON    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thesashkaregina.substack.com