In an age of technology, mobile phones and social media marketing campaigns, entrepreneur Bettina Hein says that business owners creating a California LLC would do well to remember the business advice of their grandparents.
Whether it's mining coal in the 1930s or producing web marketing videos in 2010, Hein writes in Mass High Tech that the old adages about starting at the bottom, being patient and not fixing what isn't broken still apply to entrepreneurship.
She remembers her grandfather, a coal miner during the Great Depression, who told her even the toughest jobs were opportunities.
"He taught me that knowledge and data are the entrepreneur's weapon of choice," Hein says. "Soak it up where you can get it and don’t be too proud to do the dirty work while you're accumulating it."
She also knows that her grandmother, who ran a pharmacy, recognized the value of building a team in the workplace. Every day her grandmother would share a bottle of champagne with the employees after closing time.
More people in their retirement are looking at entrepreneurship as a second career. Older entrepreneurs have a competitive advantage in their life experience and extensive networks of contacts, according to U.S. News & World Report.
Tags : az, c corp, ca, llc, lp, ny, operations, s corp, small business management, tx
Posted: Sep 16th, 2010