Some Advice After 30 Years of Running a Business
Thirty years ago today was the first day in business for a tiny company, WeatherData, Inc., that I founded August 31, 1981. The chances of a startup company making it to the 30-year mark are far less than 1%. So, I thought our readers might like to know some of the principles of our success. Never start a company until you have a well-defined goal about which you are both passionate and competent to execute. · 100% of the entrepreneurs I have known say creating and running a business is harder than they expected. I know I expected it to be hard but I, too, found it to be extraordinarily difficult, especially since mine was 24/7. There is no way I could have stuck it out unless I was passionate about my goal of saving lives and property.
As a business owner, “the highs are very high and the lows are very low and there are many more of the latter.” · Every entrepreneur to whom I have given this advice has late...