The narrative is consistent. Every high school teacher, parent, and politician regurgitates the same advice to every student. Get a higher education. I remember seeing this chart on the wall of one of my high school classrooms showing the average lifetime earnings of different education levels: There are two major flaws with this type of rhetoric. 1. My statistics II teacher once said, “Numbers don’t lie, but statistics do.” The classic example is of a factory consisting of 21 employees, and they create an ad for a job opening. 20 of the 21 employees are regular factory workers all making $20,000 per year. The other employee is an executiveRead More →
Location. Location. Location. Sometimes isn’t everything. So what is more important than location? Demand. But being near the University, the demand was there. Unfortunately, the time I had the store fell directly in the 2007-2009 recession that made everyone’s pocketbook tighten up. My biggest competitor now was the free computers at the library for all students. I knew I had to diversify my income streams. I networked with a local electronic liquidator and made a distribution agreement for the machines and equipment that he had coming in. Large corporations that upgraded all their computers paid him to come pick them up to dispose of them. I am in the wrongRead More →
I always felt that the odds were stacked against me. I was continuing to just scrape by to pay rent, utilities, and an employee or two. Having no parental help wasn’t even the chip that I had on my shoulder. The lack of people believing in me wasn’t what held me back, it is what drove me. I had little contact with either of my parents during this time of my life, and it lasted a few years. I wasn’t fully aware of where my mother was, and my father cared more about my athletic career than whether I would succeed in life. I went severalRead More →
I wanted it. And this is the video that sparked it all. I can remember where I was when I watched and heard the most motivational speech of all time.
My parents split. This happened at a much more convenient time for me than my sister. She was only 15, and I had just moved out of my parents home and would never return. At 18, I had just signed a baseball scholarship at a local university and knew that I was now a man and totally on my own. My computer repair knowledge only grew. I decided to create a business. First, I needed more customers than just friends and family. I visited every single computer repair shop in the metro area and landed a small contract with a local computer repairRead More →
10-11 years old We moved. No more golf course. My cushy $500 per year salary goes up in smoke. Back to square one. Luckily, this was just the beginning. As any good child would, I hated cleaning and chores. So like any good entrepreneur, I seized an opportunity to capture a profit. After creating a price list of what I would be willing to do chores for (I know, spoiled brat), I presented them to my mom. $5 to vacuum, $3 to dust, $1 per clean window. She was not pleased. Other kids wanted to help out with the chores, she said. Where are these kids? I neverRead More →
What does a 9 year old truly understand about business? My father dresses up. He wakes up at 5:45AM every morning and disappears to make magic happen. T.V. tells me that business owners are rich. They wear suits and sit in big conference rooms telling his peons to do his bidding. A modern-day feudal system. As a kid, I wasn’t interested in the glamour, the cars, or the other material rewards. I found myself mesmerized with the process. Creating and arranging something from nothing in such a fashion that information, money, products, services, and transactions flow through an assembly line of processes. Structure intrigued me. My dadRead More →
And so begins the saga. Welcome to Striding Studios. Hope you are ready to go on this journey with me. Check in regularly for some brain food as we unravel what it means to be born an entrepreneur. I am convinced that true entrepreneurs can not be made. But don’t confuse my words to mean that success is unattainable to anyone. Just as the explorers of the 15th century took to the seas, entrepreneurs explore uncharted territory to invent, improve, or create. “Reinventing a better mousetrap” was the finish line in the 90’s, but a new golden egg dances in the dreams of the new-age entrepreneur. Trailblazing a new spaceRead More →