A true story. A graduate from a prestigious Business College applied to the General Manager of a top manufacturer in London for a job. Full of himself after graduating with honours, the young man started to throw around his credentials to the savvy manager of the company.
"Do you want to start at the top and work your way to the bottom, or the other way round?" said the GM.
Reminds me of another true story. A not-too-shy teenager in Australia once pursued a visiting American millionaire businessman to tell him he had a wonderful idea for a new business.
"Can you please give me some money for a start-up?" asked the lad.
"How much?" replied the American.
"One million dollars."
The businessman reached into his pocket and found a pair of shoelaces. He gave them to the young man.
"Here’s the equivalent of $1 million. Sell them for a profit, then buy something with the money and continue to make profits each time you sell. Eventually, you’ll have enough money to start your business. Good luck."
A good lesson for anybody in small business. Never think of an inverted pyramid when building a business. Start with a small success, not a big failure. Don’t over-invest, avoid over-stocking and learn how to build a database of loyal customers.
This is my first post. If you’d like to know more about the way I think and perhaps how I can help you build your business read some of my posts on www.ezinearticles.com under the authorship of Lloyd Masel.