May 17, 2022
The 5-year survival rate of small businesses is 45%. This means that, on average, half the companies will fail in their first five years. The main reason for this high failure rate? Not having enough money!
When working with new business owners, one of the first things our guest Rocky Lalvani looks for is any limiting beliefs around money. How have they learned to think about money in their life, and what do they believe today? We can uncover so much from our past experiences. Yet, some business owners never explore their current financial mindset, which could be holding them back from making more progress in business or achieving financial freedom.
Rocky began his quest for the American Dream with $25. He immigrated to the United States when he was two years old, and his parents were in their 40s. Rocky knows firsthand what it looks like to build a wealthy lifestyle out of nothing through saving, investing, and spending wisely.
Rocky serves as Chief Profitability Advisor for business owners, where he teaches his clients how to ensure they get paid and make profit a priority!
He hosts two podcasts, The Profit Answer Man, where he helps people become more profitable. And another one called Richer Souls focuses on how to create the life of your dreams once you've made your money.
Rocky loves to share his journey and inspire others to achieve their dreams even faster. Visit, Profit Comes First and learn how putting profit first can make a difference in your business.
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You can learn more about this episode at: https://go2.money/profit