So tell me my friend, I ask everyone from 20 to 70, “what do you want to be when you grow up?” Over the years I’ve asked hundreds of people this basic question and to this day I’m still surprised by the answers.
A Police Officer I know in his 40’s is trying to leave the force and start a small business. A DJ turns Entrepreneur / Consultant after decades. A major radio conglomerate sales and marketing friend becomes an Entrepreneur at the age of 40, with wife and kids all wondering if he has totally lost his mind. A healthcare CEO leaves his successful career behind and becomes a printer. The examples are endless. Few Entrepreneurs I’ve meet ever started out actually wanting to have their own company. But here are the facts: Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002- 2010, www.sba.gov/advocacy/7540/42371. In 2010 there were 27.9 million small businesses, and 18,500 firms with 500 employees or more.
Mom, when I grow up I want to be a football player. No I want to be a NFL Hall Of Fame Player. No I want to be a TV Personality. No I want to be an Entrepreneur. That’s Fran Tarkenton – Minnesota Vikings Quarterback / Internationally Famous Businessman. He’s created several great companies throughout his years. Through one of his current companies, GoSmallBiz, he has become one of my Mentors and Business Resources.
So how do you go from being an employee to an employer? How do you become a Capitalist? How do you create and build your own company, your own revenue producing Enterprise? Of all the opportunities and options, where do you start? What do you do to get it all going and off the ground? Do you buy a Franchise or Partner with friends? Go it alone as a DBA sole proprietor, S corp, C corp, LLC? Do you start with your great idea or go with something others are doing? What do you do? Ug. Don M. Reid – DMRNET Business Solutions