-: That's the character part of it that any entrepreneur
has to have.
You have to be persistent and you've got to work very hard,
longer hours than most all of your friends out on boats
and having fun, ski trips they're having.
Not to say that fun isn't part of it.
You can't eliminate it from your life and so you do it
pretty well when you do it, but you have to work
extremely hard to get a small business like this going.
There is a lotta key components that need to be considered
and that is, you really need to at least educate yourself
a bit on the business side of it, going back to school
to do that, finding great mentors with a lot of experience
is key to it.
Never start a business unless you've done
an extensive business plan.
Think through it all, the sales part if it, bring in
the experts you need to write a business plan
that you can believe in and that others can believe in.
You really need in that business plan, to have a budget
that I didn't have when I started my first one.
It was seat of the pants.
I used credit cards and all that to do that.
Don't do that.
If I had to do it over again I think working for somebody
in the business would be a good idea, for at least
a year or two.
An MBA would be excellent.
Without that it's very, very difficult.
You need people involved that are savvy in business
and know accounting and financing and all those
kinds of things.
And then, it's more complex than that.
You've got marketing and sales and just simply
putting together good systems on the engineering side.
You've gotta take care of that obviously.
That has to be done right, so you can't do it all.
Nobody is good at all of it.
I thought I was gonna be and I wasn't.
It took me a lotta years of hard effort to learn
a lot about how to do this properly and even then
I knew that I had to hire experts.
So, don't think you can do it all.