$100 Entrepreneurial Challenge Update:
This week we made the burritos, collected orders and delivered
them. I am now preparing my final
financials as well as the presentation and paper that are due in the coming
weeks.
Acton
Hero Summary: Erick Slabaugh
After joining his father’s company, Mr. Slabaugh worked his
way up in the company and eventually became the CEO. He sees himself as a second-generation
entrepreneur. The ownership of that company came when he bought out one of the
initial investors, and then bought more equity as time went on.
Though he acknowledges his years of many hours of hard work,
he does feel luck has played a role in his success.
Mr. Slabaugh was afraid to ask a lot of questions when he was
younger. But he admits that the older he
has gotten, the more mentors he has. He
is not afraid to ask the questions anymore and has learned that this is just
smart business practice.
After investing in another business, Mr. Slabaugh learned some
pretty valuable lessons, like that his own business would have been well
blessed had he invested in his own work. Instead, he just took a great blow as
the other investment failed. Other painful experiences and lessons came when he
had to downsize his company.
Mr. Slabaugh says that having and maintaining values through
difficult times is what helps those experiences eventually become rewarding.
No comments:
Post a Comment