From the category archives:

Business Owners' Stories

Busi­ness plan saves the day

BusinessSuperHeroIn the fall of 1996, our graphic design com­pany took a hit from the explo­sion of inex­pen­sive desk­top pub­lish­ing soft­ware. It seemed that every company’s switch­board oper­a­tor was knock­ing out newslet­ters and brochures while never miss­ing a call. No one appeared to care about dou­ble spaces after peri­ods or saw a dif­fer­ence between inches and true quote marks.

At the same time, our city rede­vel­op­ment agency was look­ing to develop tourism. They needed accom­mo­da­tions for the flood of tourists sure to head this way.

Oppor­tu­nity was knock­ing or maybe, rear­ing its ugly head? I talked it over with my hus­band. “This is too hard. We need new com­put­ers. We need new clients. Let’s apply for rede­vel­op­ment funds to open a bed and break­fast,” I said. [Read More]

{ 0 comments }

My Worst New Busi­ness Experience

fired-cartoonI was work­ing at a small start-​up com­pany that had got­ten some sub­stan­tial mil­i­tary con­tracts. My first mis­take was approach­ing one of its orig­i­nal investors for some cap­i­tal to open my own new busi­ness. He looked at my busi­ness plan and was very impressed with its thor­ough­ness and pos­si­bil­i­ties. He did invest the amount I was look­ing for and promptly men­tioned to my boss that I needed a raise because I was plan­ning on leav­ing the company.

I was a depart­ment head with six peo­ple work­ing with me. Because my clerk over­heard a cou­ple of phone calls, she went to my boss and com­plained. I want to tell you that I didn’t get to where I was in my career by slack­ing on the job, so my job per­for­mance or atten­tion to the depart­ment was never jeop­ar­dized by my phone calls. There must have been some other agenda in play there, but the phone calls were my sec­ond mistake.

They laid me off before I was fully pre­pared to go ahead with my busi­ness. I was imme­di­ately escorted to my desk to put my per­sonal items in a box and then out the door. I was plan­ning on keep­ing my job for another three months while my new busi­ness got on its feet which would have allowed the new ven­ture funds to go much farther.

Tip:

In start­ing your busi­ness and work­ing your day job, do not under any cir­cum­stance tell any­one, any­one, at work about what you are doing. You just never know in what fash­ion the knive in your back will appear. You would also be smart to keep your day job and new busi­ness ven­ture separate.

Larry

Do you have a worst busi­ness expe­ri­ence to share with other new busi­ness own­ers? Click here to email your story to us, along with a pic­ture if you want to include one. Sto­ries we deem suit­able for our audi­ence, we will be pub­lished here. You may include one link to your website.

{ 2 comments }