There aren’t many times I am puzzled in my answers, but recently I had to stop and think about the response I had to give when someone asked me what I have learned in my business experience.
I want to take the time to pass on some valuable lessons that I have learned throughout my past @20 years in running a business.
1. Partnering in a business with family DOESN’T work.
2. Treat your helpers as you would want to be treated.
3. Owning my own business has freed a lot of time that is spent with my family. A job requires you to work at someone elses pace, and schedule.
4. Never let another person try to treat you like you are desperately needed as a contractor because those people are only after their bottom dollar, and not you in ANY respect.
5. Offer work, but don’t screw yourself waiting for someone to work.
6. The customer is NOT always right, but find appropriate ways of discussing matters.
7. If you don’t try to make a business succeed, then it won’t. If you are after the “Fast Buck”, then play the lottery because your customers, and reputation depend on patience.
8. Biggest thing I can convey is that if someone says they have a great job, and will be somewhere for as long as they want… ask them how long they have been with their longest position, and then ask them what their position is. 9 out of 10 will end up telling you that they are contractors, or they will claim something in the lines of being “Gods Gift To Humanity”. If they always have to be the “Boss” of something, then that person is never going to make it. You have to start at the bottom in order to get to the top.
9. When you get a commitment of schedule from someone make sure you understand all facts.
10. If you want more work from someone that is giving you work then make sure you are willing to help them get more work so that you can work as well.
Is there anything that you have learned that isn’t part of something that I have said? Let me know.
I have never been a vendor at the Ocean County Fair before this year. I have however been a patron of the fair. This year there doesn’t seem to be as many dedicated people in the tents. There are people that don’t show up for the whole day that ruin it for others. On top of that they also don’t help their companies image because they can’t dedicate the time that they should, but they leave their awnings, and table skirts up and leave very early in the afternoon. I guess all commission based bankers are the same. They do what they want, and who cares what anyone else wants.
There is a window company, water softener company, and a few other companies here. A good portion of the spaces are taken by Non-Profits. The Democrats, and the Republicans were so close it isn’t even funny. They should honestly try to get a bigger mix of businesses. I fully see how it works. People stop at my table to purchase, but then see a charity next to me. Most of the people detour, and go to the next table to do the charitable thing.
I understand this, and donate my time too. The fair committee just needs to rethink everything that they are doing. I have a business spot that I paid a pretty sizable sum for. I was surprised to find out that I have to close down, and open the tent flaps. This would be fine if the flaps were for each vendor. No… They are for 4-5 vendors. There should be someone that comes and opens, and closes them.
I also noticed that ride tickets cost a small fortune. I am understanding that some of the rides broke down. With this in consideration they should have reduced the price of the ride tickets.
When you drive down a main highway you don’t expect to see the same type of business within a rocks throw of another. Well I was out doing some service calls the other day, and I was on a stretch of road that must have had 5 stores with signs saying “We buy gold coins, and more.” With the economy as bad as it is I can only guess that this means that people are so desperate to get money that they will sell things that they can’t replace. I don’t have anything like that so I can’t be tempted. I am sure that these businesses are a little more honest than a few of those internet based gold buying places. Buy “REAL LOW” and sell it off “REAL HIGH.”
How many “Gold” places are around you? Have you noticed an increase in the amounts of those types of businesses?