It is Never too Late to Become a Successful Entrepreneur
Andrea N. Browne recently wrote a story for Kiplingers titled “5 Midlife Millionaires”
In this article she reminds how it is never too late to pursue your dream of an Entrepreneurial Adventure and how no two adventures are alike.
Did you know that Martha Stewart didn’t hit it big until her late 30′s early 40′s? After working on Wall Street for 7 years she took time off to restore the family’s 19th Century Farmhouse. She started a catering business that she ran out of her home in 1976. Over the next decade her client base grew to include high-profile corporations and celebrities and she hit her first million. At age 41 she published her first book. Stewart became a billionaire in 2004 — albeit briefly — while in prison serving time for obstruction. In 2010, she was named one of Forbes‘ World’s Most Powerful Women. Today, her empire includes online and print media (over 70 books, four Web sites and four magazine titles), a daytime-television talk show and multiple home-goods product lines distributed by mass retailers, such as Home Depot and Target.
Her Advice to midlife entrepreneurs: “Maintain the brand and the quality of everything the brand produces.”
Did you know that Wally Amos (Entrepreneur and founder, Famous Amos) started out in the mail room of the William Morris Agency in New York in 1961. He worked his way up the ranks and became a successful talent agent representing some of the top name talent of the time. However, he became bored and knew there was something more out there.
With some coaxing from clients, who had enjoyed his cookies over the years, and loans from friends, he opened his first cookie store in Los Angeles in 1975, just before his 40th birthday. By the late 1970s and into the early 1980s, Famous Amos was achieving sales of as much as $12 million annually. His cookies became a household name, sold in upscale department stores such as Bloomingdale’s.
Unfortunately in Wally Amos’ case the business side was not his best side. He wouldn’t seek out help from those that knew the areas where he was lacking. By 1985, the company was having such money trouble that Amos had to start selling off his stock — eventually losing control of the business he built by 1988.
His Advice to midlife entrepreneurs: “The biggest mistake an entrepreneur can make is to let their ego get overblown, because of a little taste of success.”
While Martha Stewart went on to become a household name, despite her time in prison, Wally Amos let his ego get in the way of long term success. TLC Virtual Assistants knows that the road to success is not always an easy one, which is why we are here. TLC Virtual Assistants knows that start up Entrepreneurs need more than just a “Girl Friday”, they need an Entrepreneurs’ Complete Success Solution to provide enhancement to their existing coaching or mentoring, or to help them see the bigger picture of the entrepreneurial tasks they know they need to perform.
Contact us today to see how we can assist you TODAY!