Thomas Heath writes an excellent weekly column on D.C.-area small businesses for our sister publication, The Washington Post. But this week, we are going to have to take limited issue with his work. The column is about the recent burst...
"It’s been entirely self-funded. I used my 401(k). The lucky thing is I cashed out at the perfect time, before everything dropped! Yeah, it’s a risk, but I’m investing in myself. I believe in an idea. I knew I had...
"The economy has worked in my favor a little bit, because a lot of wholesalers in the past didn't want to work with someone as small as me. They had huge minimums--you had to order, let's say, $5000 of merchandise....
"Smallness works to advantage. With us, a client is considered a large fish in a small pond. So these accounts that we're competing with nationally, I think we have more of a personalized approach, and specifically they get attention from...
"I really like the fact that there are no limits on my success. But here comes a trade-off. There's no floor on possible failures, either. So it's kind of exhilarating. You're the master of your own domain, and if...
"I think small banks felt like they were doing the honorable thing [in not taking TARP money], and their customers applauded them for not going to the government trough. But there were also some very logical reasons not to do...
"It's nice to be able to know that if you screw up, it's your fault and no one else's, and if you succeed, it's all on you. How lucky are we that we get to do something that we love...
"It's a hard, dedicated life, and it's very easy to get burned out, but you have to love what you do. I love baking, and I love that people love what I bake, so there's so much gratification." Our guest...
"I think for a lot of people the entrepreneur thing always looks desirable, but it's not necessarily for everybody. I believe what people say about starting your own business, or being a writer: it's not something you should really do...
"The secret of our business is to be there when someone has a need." Our guest today is Andy Stern, president of Andy Stern's Office Furniture, a Washington, D.C. area office furniture dealer. He has watched his six decade-old family...
"...to me, as an entrepreneur, I wanted to know: 'Hey, the number could be infinity.' When you start your own business, the theoretical number is infinity, and it's totally in your control. So I felt that it was better giving...
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