Now is a great time to start a business. It has never been easier.

And yet, it’s also a horrible time to start a business.

For two reasons:

First, only one in five businesses make it to their five-year anniversary.

Second, every month more businesses shut down then start up.

Those that don’t shut down, survive — but they don’t exactly thrive! About 80% of businesses never break six figures, and half of them generate under $25,000 per year in revenues.

Rich has been teaching educators, C-level executives, and small business owners around the world for 25 years. He has changed the lives of tens of thousands of people, improving their teaching and presentation skills and showing them how to be more effective at their jobs. Rich also spreads his knowledge through best-selling education books, including “Impact Teaching,” “TrainSmart,” and “Green Light Classrooms.”

His roster of clients includes Price Waterhouse Coopers, Dupont, AT&T, the New Zealand Defense Force, General Motors, KiwiBank, L’Oreal, IBM, and Porsche.

Nevertheless, Rich’s biggest passion remains helping small businesses achieve prosperity — and that’s exactly what we’re going to be talking about today!

If you run a small business, chances are it’s not 100% the fine-tuned profit-generating machine you would like it to be. In this podcast interview, you will find tons of actionable insights that will help you diagnose and solve your business challenges — so you can enjoy more clients and bigger profits down the road.

Check it out!

Here’s what you will learn:

[00:15] Introducing Rich

[03:58] How Rich found his mission of helping small businesses

[06:00] Here’s why small businesses are failing, according to Rich

[07:43] How Rich moves a business from surviving to thriving

[19:05] How to recognize when a failing business hits rock bottom

[22:02] The biggest business transformations Rich has seen

[25:08] Rich’s advice for hiring people who would make the best fit for your team

[27:30] The first, critical things Rich does with each new client

[30:41] How to work with Rich and his company

[34:04] Other places you can find Rich

Resources from Rich:

Tour de Profit

Rich’s Website