$10+ Million in Annual Revenue – Rich Schefren, Strategic Profits
03/05/20 • 53 min
Today, we are joined by Rich Schefren, the Founder and President of Strategic Profits, a company that has surpassed $10 million in annual revenue. In this episode, we delve into an important principle that Rich embodies: different is always better than better. Listen in as Rich shares his experiences and strategies for creating lasting value and making a positive impact on the lives of others.
About Rich Schefren:
Rich Schefren, Founder and President of Strategic Profits, is a highly regarded figure known as the “guru to the gurus.” With a track record of adding over 15 billion dollars in revenue for his clients, he has established himself as a trusted authority in the business world. Rich’s expertise has been featured in renowned media outlets such as The Wall Street Journal, Newsweek, ABC, NBC, FOX, MSNBC, and The Discovery Channel. From turning around his family’s struggling clothing business to creating a thriving hypnosis center and leveraging his marketing prowess in the online world, Rich’s entrepreneurial journey is a testament to his ability to drive results and share his knowledge with aspiring entrepreneurs.
Drawing on his extensive experience and passion for empowering entrepreneurs, Rich has authored several books, such as “Internet Business Manifesto,” “A Dent in the Universe,” and “Reality Check: Desires, Beliefs and What ‘Value’ Really Means to Your Prospects.” Through these works, he shares invaluable wisdom on personal growth, unleashing individual strengths, and effectively communicating value to target markets.
Browse our curated collection of Business Books for more enriching reads.
In this episode, Steve, Mary, Richard, and Rich discuss:
- Different is always better than better
- Benefits of combining the past with the future
- Leave people better off than when you found them
- That which is most personal is most general
Connect with Rich:
- Twitter: @richschefren
- Instagram: @therealrichschefren
- Website:https://strategicprofits.com
- YouTube: youtube.com/user/richschefren
- LinkedIn: https://www.linkedin.com/in/rich-schefren-4945471/
Follow Beyond 8 Figures:
- Website: Beyond8Figures.com
- Twitter: @beyond8figures
- Facebook: Beyond 8 Figures
- Instagram:@b8fpodcast
Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
Today, we are joined by Rich Schefren, the Founder and President of Strategic Profits, a company that has surpassed $10 million in annual revenue. In this episode, we delve into an important principle that Rich embodies: different is always better than better. Listen in as Rich shares his experiences and strategies for creating lasting value and making a positive impact on the lives of others.
About Rich Schefren:
Rich Schefren, Founder and President of Strategic Profits, is a highly regarded figure known as the “guru to the gurus.” With a track record of adding over 15 billion dollars in revenue for his clients, he has established himself as a trusted authority in the business world. Rich’s expertise has been featured in renowned media outlets such as The Wall Street Journal, Newsweek, ABC, NBC, FOX, MSNBC, and The Discovery Channel. From turning around his family’s struggling clothing business to creating a thriving hypnosis center and leveraging his marketing prowess in the online world, Rich’s entrepreneurial journey is a testament to his ability to drive results and share his knowledge with aspiring entrepreneurs.
Drawing on his extensive experience and passion for empowering entrepreneurs, Rich has authored several books, such as “Internet Business Manifesto,” “A Dent in the Universe,” and “Reality Check: Desires, Beliefs and What ‘Value’ Really Means to Your Prospects.” Through these works, he shares invaluable wisdom on personal growth, unleashing individual strengths, and effectively communicating value to target markets.
Browse our curated collection of Business Books for more enriching reads.
In this episode, Steve, Mary, Richard, and Rich discuss:
- Different is always better than better
- Benefits of combining the past with the future
- Leave people better off than when you found them
- That which is most personal is most general
Connect with Rich:
- Twitter: @richschefren
- Instagram: @therealrichschefren
- Website:https://strategicprofits.com
- YouTube: youtube.com/user/richschefren
- LinkedIn: https://www.linkedin.com/in/rich-schefren-4945471/
Follow Beyond 8 Figures:
- Website: Beyond8Figures.com
- Twitter: @beyond8figures
- Facebook: Beyond 8 Figures
- Instagram:@b8fpodcast
Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
Previous Episode
$10+ Million in Annual Revenue – Rod Khleif, Lifetime Cash Flow Podcast
$10+ Million in Annual Revenue – Rod Khleif, Lifetime Cash Flow Podcast
Rod Khleif, Director of Lifetime Cash Flow Podcast, with Annual Revenue of $10M+
Rod Khleif is a multiple business owner and philanthropist who is passionate about entrepreneurship and giving back. As one of the country’s top business, real estate, and peak performance luminaries, Rod has owned over 2,000 homes and apartment buildings, building over 22 businesses in his 40 year career, several which have been worth tens of millions of dollars.
Focus on cash flow. @RodKhleif
Soaring from humble beginnings as a young, impoverished Dutch immigrant to incredible success, Rod’s experience involves both remarkable triumphs and spectacular failures, which he affectionately calls “Seminars”. He explains the mindset required to recover from losing $50 million in the crash of 2008 to the success he enjoys today. Rod can speak to the psychology of success, mindset for taking action, and any business or real estate topic in great depth, contributing firsthand knowledge and skills to the discussion.
Rod also founded the Tiny Hands Foundation, which has benefited more than 75,000 community children in need.
In this episode, Steve, Mary, Richard, and Rod discuss:
- His rags-to-riches-to-rags-to-riches story
- Living on the Compound
- He lost everything in 2008 – $50 Million
- Spectacular Failures: Seminars
- Due diligence checklist for multi-family unit
Best Advice I Ever Received:
From an old man in Denver that owned lots of free and clear apartments: To buy real estate and let other people pay if off. When free and clear it would equate to “buckets of money”
Best Advice I’d Give To Someone Who Wants To Build A $10m+ Business:
Create a business plan, do a SWOT analysis, learn everything you possibly could about that potential business and barriers to entry. Look for equity investors, execute on the plan and utilize the EOS system from the book Traction to run the business like a well oiled machine.
Connect with Rod:
- Twitter: @RodKhleif
- Website: http://Rodkhleif.com , https://rodsbootcamp.com , https://www.tinyhandsfoundation.org/
- Email: [email protected]
- Facebook: facebook.com/rodkhleifofficial
- LinkedIn: rodkhleif
- Instagram: Rod_Khleif
Follow Beyond 8 Figures:
- Website: Beyond8Figures.com
- Twitter: @beyond8figures
- Facebook: Beyond 8 Figures
- Instagram:@b8fpodcast
- Email:[email protected]
Search for:
Recent Episodes
- 8 Figures with Matthew Korban from protecting his house with a rifle in Lebanon to an award winning business
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Next Episode
$10M+ Annual Revenue – Annie Hyman Pratt, CEO | Executive Consultant Leading Edge Teams |The Coffee Bean & Tea Leaf Family
$10M+ Annual Revenue – Annie Hyman Pratt, CEO | Executive Consultant Leading Edge Teams |The Coffee Bean & Tea Leaf Family
$10M+ Annual Revenue – Annie Hyman Pratt, CEO | Executive Consultant Leading Edge Teams |The Coffee Bean & Tea Leaf Family
Business from Mom and Pops Stores to 70+ International Locations in 7 Years
Annie more than 10x’d her family business – The Coffee Bean and Tea Leaf – taking it from seven domestic “Mom & Pop Shops” to an International Brand of 70+ stores, all in seven years time. She then lead the company through a highly successful sale.
Annie spent the next two decades as a top-tier business consultant specializing in “rapid growth and change.” She has since worked with 50 plus entrepreneurial companies—in diverse industries—guiding them through virtually every challenge and and stage of growth imaginable.
Annie Hyman Pratt, is the master at developing leaders and teams that drive rapid growth and sustainable results – so Entrepreneurs can work on the strategic and visionary aspects of their business – and have the time, freedom, and impact they desire.
No other leadership or team development consultant comes close to Annie’s level and scope of experience. Her track record of success stems from her unique approach to business strategy, structure, systems, finance, and the “missing link” of human behavior that brings it all together.
Whatever challenges you may be facing in your business, Annie has likely seen it—and solved it.
In this episode, Steve, Mary, Richard, and Annie discuss:
- The Family work dynamic
- The Coffee Revolution was on in the 90’s
- Outmanned Locations Vs Family members
- Download Annie’s Free G (www.leadingedgeteams.com/beyond)
Key Takeaways:
- Hire a super competent leadership team
- Want to scale but you are stuck in the weeds?
- Focus of building Functions
Best Advice I Ever Received:
Judgement is an emotional reaction, which clouds your thinking, diverts your focus, and steals your energy. Gaining the skill and discipline to release judgements is the single most beneficial behavior to increase your success in business and in life. = What I learned at USM
Best Advice I’d Give To Someone Who Wants To Build A $10m+ Business:
You can’t be an “A Player” and run a 10MM business. At that point you MUST be an A+ Leader, because you will no longer be doing 95% of the task type work, and you will be leading, mentoring, structuring and cultivating a culture where people step up and do their best work
Connect with Annie:
Facebook: https://www.facebook.com/anniehymanpratt/
Twitter: https://twitter.com/AnnieHymanPratt
Instagram: https://www.instagram.com/anniehymanpratt/
YouTube: https://www.youtube.com/channel/UCdFmarmCnd8ePWNbLo5myWA
Linkedin: https://www.linkedin.com/in/anniehymanpratt/
Follow Beyond 8 Figures:
- Website: Beyond8Figures.com
- Twitter: @beyond8figures
- Facebook: Beyond 8 Figures
- Instagram:@b8fpodcast
- Email:[email protected]
Search for:
Recent Episodes
- 8 Figures with Matthew Korban from protecting his house with a rifle in Lebanon to an award winning business
August 25, 2020 - $321 Million Dollar Exit From Restaurant Delivery, Will Moore CEO of Moore Momentum
June 10, 2020 - $300M+ Houston Curtis, The Billion Dollar Hollywood Heist
May 27, 2020 - $100 Million Business | Marek Zmyslowski, Investing in Africa
May 5, 2020 - $10M+ | Mac Lackey Started, Scaled & Sold 6 Businesses and Raised Over $75 Million in Capital
April 28, 2020
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