The key to becoming a small business owner is not set in stone, and typically comes with a series of smart, risky decisions. Paul Sullivan notes in his article that the decisions were generally of an operational nature, rather than part of a great innovation. For these business owners, it was a way of propelling their company forward and their net worth up.
The article begins as follows:
“I’ve never made a bad decision,” said William Greenblatt, chairman of SterlingBackcheck, which does employment screening. “I’ve just had bad results.”
That confidence enabled Mr. Greenblatt, 58, to take the company, which he founded to administer lie-detector tests in 1975, when he was still a college student looking for extra money, to a global business with 3,900 employees.
“We’re going to do $500 million in revenue this year,” he said. “That’s a lot of work when you’re doing things at $8, $10, $12 a pop. It’s an enormous operation.”
Small-business owners are generally focused on the day to day, if not the minute by minute, to keep their enterprises moving forward.
Read the full article here: The Choices that Led Small Business Owners to Wealth – NY Times
Posted by Pooja Shivaprasad, Associate Editor, Wealth Strategies Journal