Our Changing World
Many years ago, when I was on the air in Chicago, I got a letter from a woman with a problem that must come to someone every day in a week in every town in the country. She wrote that she and her husband were thinking of going into the motel business in Florida, and she wanted my opinion on whether or not I thought the motel business was a good business to go into. She went on to say that her husband was retired and that they'd saved quite a bit of money through the years in addition to their home, which they'd completely paid for, and which would be worth quite a bundle in itself. Well, I thought about that letter for some time, and then I practically dictated a book to my secretary, and when I got through, I put it on my program, and then I mailed it to the lady who'd written to me. She and her husband had never been in business for themselves, so they didn't understand the first rule, and this is that there are no good or bad businesses, so to speak. They're only good and bad managers. One person will do just fine in a particular business, finally sell it and retire to his cabin cruiser in the Bahamas, and the man who bought it, even though it was a real moneymaker with nothing changed but the management, would fall flat on his face and wind up selling in desperation before bankruptcy. A lot of people seem to think that just because you're in business for yourself, you can sit back and spend your time counting and bailing all the money that comes flooding in. Such is not now, never was, and never will be the case. Running your own business takes thorough knowledge and experience and harder work than most would believe possible, particularly during the first five years or so. Good managers can make a success out of just about any business. Bad managers can wreck just about any business. The next thing I told this couple was to leave their savings right where they were and not to touch them with a 10-foot pole. They'd worked too hard and too long accumulating a pile to toss it away in a business they knew nothing about, and then I told them that if they were interested in the motel business in Florida, to go down there, pick the town they liked and would like to live in, and get a job running a motel for a year or so, even if they had to work for nothing. In a year, they'd know the motel business pretty well. They'd know its headaches and pitfalls and profits, and during that time, they could really study the motel business and know about such things as location, the size to build, the cost of building or buying, what kind of profits to expect on your investment. At the end of that time, if they still wanted to go into the business, fine. They'd know what they were in for. They'd know what was a good buy and what wasn't, and they'd still have their money and their nice home in case they decided their dream wasn't all it was cracked up to be. This is the way to go into business for yourself, and don't let some fast-talking Jasper with a fast line and a million cubic miles of blue sky talk you into anything until you've checked him, his proposal, and have the know-how to succeed. Running your own business can be a way to all of your dreams, if you go about it scientifically, but it can give you ulcers and make you a prime candidate for the Laughing Academy, if you don't. I'll be back with a word about this in just one minute. Don't ever believe the old wives' tale that opportunity knocks but once. Opportunity's knuckles are bleeding and raw to the bone from knocking every day of your life. You just have to be able to see it. And don't get excited about every little opportunity that comes along. Save your money and wait for the big one. As long as you're watching and waiting, you can just bet it'll come along, and then you'll be ready for it.
11 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de Our Changing World!