“The definition of insanity is doing the same thing over and over again and expecting a different result.” – Albert Einstein
Again?…Really?…
Why does this keep happening so often?…
I’m trying to work…I have so much to do…
If I have to do this again tonight I’m gonna go crazy…
I can’t change another diaper….
How does this little guy go so much?…
He hardly eats anything at all…
Ahhh, the nightly routine with a baby; disrupted sleep, dirty diapers, crying, screaming, If you have kids, you know the drill.
Our first son; hat a gift! It sure makes life different. That’s an understatement, especially, when you have a start up in your house. Oh wait, we have two start ups in our house!
Yes, you heard me correctly. We have two businesses and an infant in the house.
Last time I shared about some of the missteps we had starting our first business. Remember? We jumped in the fire a bit before we were ready and got burned. Remember that business? The one that didn’t make any money? The one my wife, a friend, and I started with visions of grandeur to become rulers of the market on a three-seated throne? That’s the one. The one we started with minimal planning.
Well, I guess we are slow learners or, we are quick learners and simply brilliant. Maybe a little of both; you decide.
So, here we are trudging along with this business, a couple years in now. No money being made. No salaries being paid, a baby, a house, and a stack of bills. Sound like the perfect time to add start up number two right?
Okay, so we did learn a lot from the mistakes of business #1 (not when to say when, however).
The new business was researched properly and experienced business advisors were sought. I’ not saying everything was done perfectly, but a lot of time and effort was put in before the business actually started. I only helped a bit in the beginning because I was running the dead horse. My wife, Kerry, did most the work.
The second business began to grow and quickly left our house for its own leased space. Actually, it continued to move about every year to keep up with its growth the first few years. As a matter of fact, over fifteen years later and business#2 is still up and running successfully.
What was different? Well, lots of things. For the sake of brevity, I will stick to the topic. I can sum it up in two simple words. DUE DILLIGENCE.
Research was done (lots of it), forecasts were made, prototypes were built, suppliers contacted, designers procured, laws studied, sales channels sought, markets studies, etc. And, so much more but you get the idea. All the necessary things were done to verify there was a viable business to be created. All the things that help lead to a well informed go or go no decision. Now, it just needed proper execution.
That’s for another day. The point of this article is share how to the proper steps were taken before jumping into the fire, again. We learned from previous mistakes and took action; action, action, and more action. That is how I became the main operator of startup#1 while my wife focused on startup#2.
Stay tuned and learn about some of the growing (and shrinking) pains of Go-Go Babyz and how we had to jump in the fire again…..and again…and, okay, you get the idea.
And, would you believe that I eventually became the main operator of this one too? After I got tired og dragging around a dead horse that is. Guess I’m a glutton for punishment.
Talk Soon,
Kevin W – @LEAP272
Owner-Operator
