This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/03/20/entrepreneur-with-street-smarts-not-learned-in-business-school/
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by Ron Coury, author of “Tenacity: A Vegas Businessman Survives Brooklyn, the Marines, Corruption and Cancer to Achieve the American Dream: A True Life Story“
If I had to give myself a title or occupation description after four decades of business activity in Las Vegas, I’d call myself an observational entrepreneur, a “niche finder.” With nearly every venture I’ve undertaken, I identified a niche in which we could do things better than they were currently being done. This mindset was easy to execute in a young, growing town like Las Vegas. In the 1970s and ’80s, visionaries willing to go for it found Las Vegas to be a prime setting for fulfilling their entrepreneurial aspirations.
When you can demonstrate a need in any area of industry, your job is to find a cure, believe you can implement it, raise the money to do so, form the team, and make it happen: a new business is born.
Generally, I took up to a year establishing a new venture, running it hands-on, day-to-day, and setting the standards for excellence, before preparing to move on. Moving on means freeing up your time to find
the next challenge, which can only happen if you select the right management team to fill your shoes when you aren’t there. If the company could generate the revenues and profits set under my direct management, the right manager would take over the operation, doing no worse and hopefully better with the foundation I’d established.
How to develop a stick-to-it attitude if what you encounter is initial defeat but you still believe you are right.
In life there are sheep and there are shepherds. The sheep follow the herd, accepting what is determined for them and often find slaughter or a shearing as a result. A shepherd decides the direction and guides his/her fu… Read More
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