Overview

The ink was barely dry on the contract when panic struck. After sinking his life savings into an underperforming company, Steve Scher found he had purchased a business with two unreliable employees, a culture rife with sabotage, no real systems for marketing and sales, and a shabby office located in one of San Francisco's roughest neighborhoods - the Tenderloin District! Determined to fulfill his entrepreneurial dream, Steve rebuilt his company from scratch. Overcoming virtually every roadblock possible, Steve grew the business into a $50 million company with 18 offices coast-to-coast and thousands of loyal employees. . After 14 years at the helm, Steve sold his company for 8 figures. Steve's business journey inspires entrepreneurs in the throes of running a demanding business as well as aspiring entrepreneurs looking to pursue their passion and live the American Dream. It's true - you CAN build and sell a successful business! Packed with creative solutions, this guide to business success includes: Steve's personal formula for entrepreneurial success - Low risk, low reward / High risk, high reward - and how this can radically transform your business Real-world tips to create a culture of agility and loyalty The pros and cons of growing organically vs. acquisitions How to make technology work for you - and your bottom line Inspiration to fight for your business every day! Tips to build out your business and maximize value How to implement a unique social-responsibility recruitment strategy: Hire military vets, reformed ex-offenders, and people with special needs A checklist to prepare your exit strategy, so you can get the highest sale price possible and experience true financial freedom! High Risk, High Reward is an inspirational story of entrepreneurialism - and your go-to reference guide for business success. Keep it on your bookshelf and refer to it often. Business advisor Steve Scher guides business owners to achieve ultimate success and financial freedom. An exceptionally successful entrepreneur, Steve led Acrobat Outsourcing to achieve annual revenues of $50 million. www.AcrobatAdvisors.com

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9781733448505

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About Steve Scher Steve is a business advisor for entrepreneurs, small business owners, franchise owners, and aspiring entrepreneurs. As a business mentor, professional speaker, and acclaimed author of High Risk, High Reward, Steve guides business owners to achieve ultimate success and financial freedom. An exceptionally successful entrepreneur, Steve previously served as CEO & Owner of Acrobat Outsourcing. Thinking he was buying a diamond in the rough in 2005, it turned out this tiny, under-performing staffing company offered 2 unreliable employees and no real systems for sales, marketing, or operations. During his 14 years as CEO, Steve worked hard to overcome many business challenges and all the curveballs that most entrepreneurs experience throughout their careers, including economic downturns. In the process, he honed his leadership skills, learned the true value of employees, and understood the importance of creating a great culture. Over the years, Steve forged his business into a leading temporary staffing company with 18 offices nationwide, hundreds of loyal employees, and $50 million in annual revenue. This temporary staffing solutions company specializes in hospitality, foodservice, convention, and related industries. The impressive customer list included Apple, DropBox, Fairmont, Google, Hyatt, and Marriott; elite university systems such as Stanford, UC Berkeley, UCLA, USC, and University of Texas; large hospital systems throughout the US; and concessionaires for major league sports teams and events including multiple Super Bowls and World Series. Steve followed his gut instinct to build a team and processes that could be scaled and replicated. While establishing coast-to-coast locations, he applied various strategies to build out the business. Eventually, he mastered a proprietary approach that delivers the best ROI in terms of efficiency, loyal employees, unified culture, and long-term profitability. In the early years of running Acrobat Outsourcing, Steve personally interviewed and hired employees to fulfill organizations' temporary and permanent job openings. At last count, his company hired in excess of 100,000 employees to staff tens of thousands of jobs. Consequently, he gained extraordinary insight into recruiting, hiring, firing, and selecting high-potential employees. In the process, Steve uncovered a hidden source of talent - people he calls Second Chancers. He actively sought out and hired people no one else would: military veterans, reformed ex-offenders, and people with special needs. Passionate about giving people a second chance, Steve guides business owners to hire Second Chancers by applying a strategic approach, taking a calculated risk, and leveraging win/win results within their community and industry. Eventually, Steve fulfilled the American dream of not just building a great business but also selling his business at maximum value. An ardent believer in entrepreneurialism, Steve teaches courses in entrepreneurialism at the University of California, Berkeley. He holds an AS degree in hotel and restaurant management and a BS degree in hospitality management. Steve was recognized as Small Business Owner of the Year by the City and County of San Francisco in 2012 and is the recipient of multiple other awards and recognitions including Employer of the Year from JobTrain. Steve enjoys spending time with his wife Elizabeth and their 5 kids. An avid sports fan, he often coaches kids' baseball and basketball teams. In his spare time, he loves to exercise, attend sporting events, and travel the world. Steve's life motto is: Make every experience you have with someone a positive experience.

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