Why in the World Would You Build a Small Business!?
February 24, 2013 1 Comment
The ideacapitalist interviews… the ideacapitalist, family guy, entrepreneur and small business owner.
How did you become a small business owner, and why?
The simplest answer would be, no one would hire me. My first job out of school was working for my dad. Nine months later, my dad fired me. I knew it was coming. My dad ran the business out of the house. That morning my mom had made me my favorite breakfast, blueberry pancakes.
Thereafter, I have had successful stints with large and mid-size companies, but there’s only so much a person will do for money. I had reached my limit.
What do you love the most about running a small business?
Gainfully employing good people. Growing the business. Being more innovative and responsive than our larger competitors and winning.
What does owning a business allow you to do that most folks do not get to enjoy?
This question has the potential to be long on clichés, but the right answer is that I never have to think twice about getting out of bed in the morning.
What is your biggest challenge right now and how are you dealing with it?
Ok, now it’s time for a clichés. My favorite expression is from Alan Kay, “The best way to predict the future is to invent it.” In the software development (technology) business we are reminded of this expression daily. We have to constantly reinvent ourselves.
What has been your proudest moment as a small business owner?
I’m going to equate pride with reward and say my most rewarding moment was when an employee, I held in high regard, walked into my office, and stuck out his hand. We shook hands and I asked him, “What is this all about?” He said, “You promised me within five years, I would be making “x-amount” of dollars per year and I am. Thanks.”
My proudest moment was March 7, 2013 when we celebrated 25 years in business.
What have you not yet achieved that you would like to?
I’m not a “bucket list” kind of guy. Certainly I have revenue goals and long-term objectives for the business. Call it 20/20, annual twenty (20) percent growth in both revenue and profit. The real challenge is balancing the physical challenges with the mental challenges. Next year, I’m looking forward to both cross-country skiing and cycling around Crater Lake.
What is the best part of your day?
Getting out on my bike for an hour or two in the middle of a work day, and not getting run over.
What do you read?
I’m reading an amazing, gut-wrenching, inspirational story of personal struggle and entrepreneurship titled Born to Rise: A Story of Children and Teachers Reaching Their Highest Potential by Deborah Kenney
What has been your biggest mistake and how did you learn from it?
I’ve made many. I’m going to make many more. My biggest mistake would be not to learn from them.