Business Lessons

There are many things you need to have your own successful business.

Yes, but avoid potholes.

Money is a good start.

You also need enthusiasm, your own and that of your friends and relatives.

You’ll need optimism, and perseverance for when things get tough.

 

I’ve been blessed in that my family had all these things, and more.  I’m going to touch upon little things here and there that you’ll also need to think about, that aren’t normally covered.  In our case, many of these things were mistakes.

We can learn a lot from the mistakes of others, but for some reason, most business people don’t like to admit them.  They think it makes them look weak.

Since I’m more of a teacher than a business person, I don’t mind.  Here’s the mistake.

Remote working locations.

Not remote as in someone telecommuting from their home.  No, this remote has to do with how our offices were set up, or not set up as the case may be.

As a young growing manufacturing company, we occupied rental units.  Each rental unit was about 1000 square feet (about 100 square meters).  Each rental unit had a front door, a back door, a bathroom, a garage door in back, and some office space in front.

Our little business grew, and we started in one rental unit.  The next year we needed two units.  Over the next few years we needed four units, and a few years after that we had five unit.s

Here’s the problem.  Only a few people could work in the office space of the first unit.  As we hired more people we had to put them in offices in some of the other units.

It’s taken me twenty years to figure this out, but the further away people were from everyone else, the more likely it was for them to “go rogue” and do something harmful to the company.  It was also more likely that they would goof off and try to get away with being lazy.  We put lots of other measures in place to catch them, but the fundamental truth was this.

We were spread too thin.  Many people like being secluded, closing their door, and doing what they want to do at the expense of the company, their coworkers, and the customers.

So, next company I start, everyone works in the same space, whether they like it or not.

Everyone watches everyone else, because we are all in this together, whether they like it or not.

I hope this helps you, too, you budding entrepreneur.

Good luck.

 

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