Orrin Woodward released results for the first year of the LIFE Business. Rarely will one find a business that doubles in its first year, but that's exactly what LIFE did. Moreover, the Team also had its best year for operationally, both offices under the leadership of Rob Hallstrand. It wasn't too many years ago, when Team was in a battle for its life. Rob, working with the PC leaders, cut the office staff in half, cut cost in all departments, and turned around the company. Nonetheless, it wasn't easy. Indeed, many said it was an impossible task; however, evidently for those on a mission to change the world, like the LIFE Founders, impossible isn't a word in their vocabulary. :)
Chris Brady, in the middle of the darkest times, said, "I would rather lose my money than lose my character." Accordingly, it's this type of character committment that has led to the impressive results for the LIFE founders. The future is bright for the LIFE Business because its leaders desire to fulfill their purpose more than they desire peace and affluence.
Here are the eight bullet points from Orrin's blog post.
1. The LIFE business surpassed 100% increase in subscriptions of the LIFE and LLR Series in under one year of business.
2. The LIFE business launched the Mental Fitness Challenge and sold thousands of 90-day challenges throughout North America.
3. The LIFE business paid out over $1,800,000 in end-of-year bonuses and free trips its first year.
4. The LIFE business paid out over 70% bonuses on its product volume points in its first year in business.
5. Rob Hallstrand,
Chief Operating Officer (COO) of TEAM and a LIFE founder, coordinated
operations for both companies, and combined sales blew past $50,000,000
(with LIFE leading the charge) from the Flint, Michigan based office.
Since Chris Brady
and I formed our first leadership training company in 1999, it is very
special to have accomplished the best sales and profits ever this past
year.
6. Team training produced its best
operating margins ever (of which 100% of profits flow back to field
trainers), as Mr. Hallstrand continued his dramatic turnaround of Team
operations. In fact, employee cost-per-profit-dollar has decreased over
six times in his three years as COO, leading to increased bonuses for
field trainers and office staff—a truly stunning performance.
7. Customers composed nearly 20% of total LIFE business subscriptions
in its first year. Considering new members have six months to learn how
to develop customers, this number will only grow as members complete
training. What other community building business hits 20% customer
subscriptions in its first year?
8. The LIFE business launched the Edge Series for youth and has added thousands of satisfied families in LIFE’s first year.
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