Many entrepreneurs have asked my client Rick Chisholm, how he has created multiple million dollar plus businesses from scratch so we decided to put on this event to reveal the common denominators that have underpinned nearly all of them. The takeaways from this event will 100% help you on your journey to business success.
Rick has launched dozens of businesses in different industry categories that started from zero that turned into multi million dollar annual revenue businesses, including one that grew from Zero to 20 million annual revenue in 5 years! Rick has done this without VCs, merging, bringing in partners from scratch and without borrowing to the hilt and its most likely you can too.
Engaged participants will walk away with tools, resources and strategies to work towards increasing your revenue and improving your bottom line so you too can scale to new heights.
Rick has invited Andrew Lomas Director and Founder of Creative Folks to be his guest and tell his story of success as well as his transition from corporate to successful entreprenuer.
Date: Tuesday 11th July 2019 from 6 pm
Location: WeWork – 64 York Street – Sydney, NSW 2000
Rick Chisholm – the elite serial Entrepreneur has generated direct sales revenues in excess of 300 million in his own companies across 14 industries, Author of “Business Success for Life”, “The Successful Start-Up”, “Success in Leadership and Influence”, “Developing your Business Acumen”, and many other publications, founder of Innovest SME, thought leader in LEAN start-up, bootstrapping and alternative business models.
If you’re ever going to get business advice from anyone, you’d want to make sure it’s from someone who has succeeded in business several times over, right? Better still, you need to ask someone who as failed in business a few time too! So, this is a little bit about me and what I’ve been up to over the last 35 years:
When I started my first business as a DJ in Sydney I was full of energy and enthusiasm (like most of us in business!) and life looked good! I was making money, I was in demand and I was loving it! What more could I ask for! But soon enough, I came up against the 3 biggest obstacles that most sole operators and small business owners face: Time Money People
I was trapped by my own business, working 100-hour weeks, living on breadcrumbs and had zero social life. In so many ways I was worse off than having a job. But that was 35 years ago. And since then I’ve learnt a trick or two. I worked out how to bridge that gap from lifetime-jail-term-business to scalable- saleable-real-business in all my 30+ businesses in the following 35 years.
My experience spans across many different industries including Retail, Wholesale, Importing, Manufacturing, Installations, Hospitality, Franchising, Rental, e-commerce and Training. If there was anyone that has tried and tested small to medium business, it’s me! I also have joint ventures in AI, an events company, an automation Tech company a legal firm and a Financial Advisor company.
A few years ago, my businesses were turning just under $20mil per year and were the market leaders in their niche. We had 67 staff at the time and things were progressing well. And then, the GFC hit. Bricks and mortar retail was hit by online businesses and our importing was hit by eBay, Amazon, Alibaba and factories drop-shipping from China directly. Discretionary spending plummeted and the future of the businesses looked bleak. After a gruelling few years, we managed to pull our businesses back out of difficulty.
Not only did the businesses recover, we became significantly more profitable than we were before the GFC. Scoring a whopping $750k turnaround in profitability over a 4-year period, things finally looked up again. The dark circles under my eyes eventually weren’t as dark and my stress levels resembled normality (this stuff is not magic, I still am in business you know). So there you have it. If there’s anyone out there who understands the struggles of business ups and downs, staff challenges, cashflow droughts and how to invent and re-invent your business, it would be me!
Andrew Lomas – Founder of Creative Folks – a leading technical consulting business that helps brands with marketing products, creation and distribution of content and well as protecting their important digital assets.
Andrew started working for Apple in the late 80’s and helped transform major creative agencies in Sydney from paper and pen into digital powerhouses. A role in national product management at Nikon allowed him to establish their digital products as the leader in the market and changed the way newspapers, magazines and catalogues are produced. Growing his consulting business from a start-up to a $5 million a year business and eventually selling it to a national IT company, he has put his skills and experience into founding Creative Folks in 2001 where he has revolutionised the way publishers produce, manage and distribute their content saving millions of dollars in costs.
Andrew and his team are now helping brands and communications teams adopt best practices for scale and driving operational efficiencies with a focus on data and systems interconnectivity to build composable enterprises. The likelihood of business failure due to consumer shift is almost 50%. If you don’t have a composable enterprise, then you’re not adapting as fast as your competitors, you’ve already lost, you just don’t know it yet. In this session Andrew will describe what you need to do in order to keep ahead of your competitorS. The skills, certain of the technologies and processes Andrew has implemented in these businesses is transferable to most businesses. Hear his amazing journey and transition from corporate to successful entrepreneur.
About the Venue: WeWork 64 York Street
WeWork is the platform for creators. We provide beautiful workspace, an inspiring community, and meaningful business services to tens of thousands of members around the world. From startups and freelancers to small businesses and large corporations, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 3500 employees.