Insights from a Serial Entrepreneur About Scaling Your Business | Ep: 336 Rich Moyer

Rich Moyer is a dynamic serial entrepreneur, investor, and franchisor who is revolutionizing the business world with his flagship Franchise, Hoppin’. Rich’s journey embodies resilience and triumph from his early days as a Professional PGA Golfer to founding his first company at age 26, to earning $11.9 Million in just 3 years. As the driving force behind Hoppin’, he’s not just a business visionary but a mentor who has guided hundreds on the entrepreneurial path. Rich’s insights into scaling businesses and embracing failure for growth have positioned him as a sought-after expert. Beyond business, he’s on a mission to improve the world in entrepreneurship & business.

What business problem do you solve?

Many entrepreneurs face the challenge of effectively scaling their businesses while maintaining quality and profitability. In today’s podcast episode, we delve into the strategies and insights necessary to navigate the complexities of business growth, from overcoming initial hurdles to implementing scalable models for sustained success.

Small Business Answer Man’s Shownotes:

• In this episode, Gary welcomes Rich Moyer, a dynamic serial entrepreneur, investor, and franchisor of Hoppin.
• Rich starts by talking about the importance of taking action and learning from failure.
• He shares personal insights into early challenges, including hiring the right people and managing finances. 
• According to Rich, prioritizing employees and creating a culture of ownership within the organization is important. 
• He says, understanding employees’ personal goals and supporting them in achieving those goals is crucial. 
• According to Rich, sales are the heartbeat of any company.
• The importance of leadership, marketing, and cash flow for growth were also some of the topics that were discussed in detail.
• Rich asks the listeners to focus on taking one step at a time and doing the right thing consistently.
• Gary and Rich discuss the benefits of franchising, including proven business models and support systems for franchisees.
• Lastly, Rich discussed unique aspects of Hoppin’s franchise model, centralized digital marketing support, and creating a differentiated consumer experience.

Rich Moyer’s Small Business Tip:

Rich Moyer shares his perspective on growth and overcoming fears associated with scaling a business:

• Focus on taking action and addressing growth struggles.
• Don’t let fear hold you back from pursuing opportunities.
• Consistency and persistence are key to success in business.

Connect with Rich Moyer:

Website

Instagram

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