Rich Moyer is a PGA Professional turned Serial Entrepreneur who started his first company at 25. Since then he has owned, operated, exited and acquired companies and is currently franchising one across the country.

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Guest Resources

Rich’s LinkedIn – Connect with Rich on LinkedIn

HoppinBrandsFranchising.com – Join one of the fastest-growing taprooms on the market!

3 Value Bombs

1) While these purposes may vary among individuals, pursuing money is merely a means of keeping track, not the ultimate goal.

2) It is crucial to create an environment where employees are comfortable with making mistakes and learning from them.

3) Taking action is necessary for leaving Corporate America or starting a business. Instead of just reading books or contemplating how to do it, planning and going for it is essential.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Failure is your Trampoline to Success with Rich Moyer

[1:14] – Rich shares something he believes about becoming successful that most people disagree with.

He believes every entrepreneur has a deeper purpose that motivates them and gives them a reason to wake up every morning. While these purposes may vary among individuals, pursuing money is merely a means of keeping track, not the ultimate goal.

[2:16] – Rich discusses why perspective is so vital to your daily motivation.

Rich’s life perspective changed significantly when he experienced the loss of his brother at age seven. This event made him realize the value of waking up daily in his bed, surrounded by loved ones.
Witnessing his brother’s unwavering positivity during his hospital stay taught him invaluable lessons about appreciating life.
This perspective now motivates him to help and inspire others while maintaining a positive outlook, even on challenging days.

[5:21] – How has failure helped you succeed?

Failure has been the key to Rich’s success and will continue to be. He firmly believes that if you are not failing, you are not learning, and without learning, growth is impossible. Both as an individual and in business, embracing failure is essential.
It is crucial to create an environment where employees are comfortable with making mistakes and learning from them.
Failing acts as a springboard to success, and overcoming the fear of failure opens up abundant opportunities for personal and professional growth.

[7:03] – Rich talks about how he gives his team ownership of their positions.

By granting ownership in his employees’ respective positions he empowers them to try unconventional ideas and take risks.
Rich encourages experimentation and views minimal failures as opportunities for learning and growth.

[9:38] – A timeout to thank our sponsors!

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[13:02] – Rich talks about how you can establish this foundation.

While it is essential to learn the intricacies of the business and wear multiple hats initially, building a sturdy foundation enables steady growth and minimizes setbacks.
Even though unforeseen challenges may arise, focusing on creating a robust foundation and a compatible team sets the stage for scaling and expansion.

[14:00] – What is one thing you see over and over again that people do wrong when it comes to building a foundation?

Taking extra time in the beginning to focus on the company’s structure and foundation is essential.
Having a clear vision of where you want to be and building the foundation backwards from those goals can establish a more robust structure for your company.

[16:00] – Why would someone choose the franchise route?

Many individuals entering the franchise industry have extensive experience in Corporate America or have sold a business and seek to avoid starting from scratch.
Hoppin initially operated as a corporate-owned business, focusing on a smaller regional location. However, as they grew, they recognized the opportunity to franchise nationwide.
Franchising allows people across the country to leave corporate jobs or start their own businesses while enjoying the freedom of ownership.

[17:44] – Rich’s key takeaway.

If you want to leave Corporate America or start your own business, taking action is crucial. Instead of just reading books or contemplating how to do it, start planning and go for it!

[18:33] – Rich’s call to action.

Rich’s LinkedIn – Connect with Rich on LinkedIn!
Hoppin Brands Franchising – Join one of the fastest-growing taprooms on the market!

[20:37] – Thank you to our Sponsors!

HubSpot: HubSpot’s AI- powered tools are changing the way you create content and communicate with your customers! Find out more about how to use AI to grow your business at HubSpot.com/artificial-intelligence!
Factor: America’s #1 Ready-To-Eat Meal Kit delivered straight to your door! Head to FactorMeals.com/eofire50 and use the code eofire50 to get 50% off!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Failure Is Your Trampoline to Success with Rich Moyer

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3 Value Bombs

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Show Notes

Killer Resources!

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