Dave Lukas Chats with Scott Moorehead and Ryan McCarty
103: A Billion Dollar Company Built on a Culture of Good with Scott Moorehead and Ryan McCarty
This week we have a pair of Misfit Entrepreneurs in billion-dollar CEO Scott Morehead and former Pastor, Ryan McCarty. You may be thinking, why is Dave interviewing a CEO of a billion-dollar company and Pastor in the same show? Let me tell you. Scott and Ryan have teamed together to create an incredible organization called Culture of Good, based on the best-selling book they wrote together of the same name.
It all started when they partnered together to grow Scott’s company, the Cellular Connection, or TCC, which now is the largest Verizon Authorized retailer. Scott hired Ryan to help create a Culture of good and drive results. Over 6 years, they took the company from 190 stores and $137 million in annual revenue to 630 plus stores and over $830 million in revenue using the culture of good philosophies. Today, the company is a billion-dollar company with over 1000 stores and more than 3000 employees.
Scott and Ryan’s story and TCC have been featured in Forbes, INC, FOX Business, and countless other outlets.
I’ve asked them to come on and share it with you and teach everyone in Misfit Nation the principles of a Culture of Good.
TCC was started by Scott’s parents. He started working in one of the stores while in college. After college, he went to work at the head office and after a few years, he bought the business from his parents for a hefty price tag.
Scott never took any money out of the business and invested it back in to grow the business exponentially. The big challenge was creating a culture that could transcend across the country as the company grew. Everything was harder – communication, motivation, running the business, etc. He realized that he was really in the people business. Scott had to find a way create and keep the culture as the business scaled.
One day, he went to a church with a pastor that had tattoos and earrings, and a mow hawk. It was an incredible experience. The pastor was Ryan delivering a sermon about you “what equaling your why.” So, Scott took Ryan to lunch to talk more about the concept – and by the end of lunch Ryan was trying to talk Scott in hiring him.
*One lesson I took from the story is how important it is to be open for opportunity because it can come at any time.
Ryan, has been a pastor/minister and doing global missions for almost 20 years. But, as Ryan said, he never really fit into the normal stereotype of a pastor except for he had a goal of making the world a better place. He had no idea that Scott was in his audience that day. Once he went to lunch with Scott and they started talking – he just blurted out that they should work together. It just seemed right.
Scott didn’t hire Ryan right away. It took several months of conversations and even a bad accident where Scott was injured before Scott decide to move ahead.
At the 14 min mark, Ryan shares a great message about how he knew he had to work with Scott. He talks about comfort zones and faith and following your gut.
What is the philosophy of the Culture of Good?
Taking that from idea to reality are two different things. How do you actually implement this system? You have the 5 Promises for that – tell us about them…
At the 20-min mark, Scott and Ryan go into this in great detail. It is best to listen to what they say, but below are some selected notes.
All of them have to be carried out equally. The more good you do, the more business you get and the cycle goes ‘round and ‘round.
Examples of implementing each one:
What have you learned about the human spirit going through this journey together?
What other advice can you give for growing a great business?
Iphone or Android?
If you are an active person like me, you should be rewarded for it. As a husband, a father, and a business owner, I know how important it is to make sure you have the right life insurance in place to take care of your loved ones should something go wrong, but is too much to ask for the company selling me that insurance to take into account the fact that I love to run, swim, bike, hike, and just about anything else I can do to stay fit? – I don’t think so. And that is exactly what Health IQ does.
60% of Health IQ customers save up to 33% on their life insurance.
Even if you have a life insurance policy, it never hurts to shop. So, take a few minutes to see if you qualify, how much you can save and get your free quote today at www.HealthIQ.com/MisfitEntrepreneur
or mention the promo code ‘Misfit’ when you talk to a Health IQ agent.
Here’s to being rewarded for living a healthy life!
If you are looking to grow your impact, tribe, and reach on Instagram, you have got to check out Assistagram.
Assistagram is like your own personal, virtual assistant that’s hyper focused on your Instagram account, doing hundreds of thousands of little manual actions, 7 days a week. This is not a bot. You get a real team of people that work with you, know your goals, and craft a plan with you to ensure everything is being done to your standards.
They have a very special offer exclusively for Misfit Nation. They are giving a FREE month of their Engagement Service to you just to try out and see how much they can help you. In addition to that, they are also giving you a FREE Growth Hacking Guide.
Just go to www.MisfitEntrepreneur.com/Assistagram