The best advice I ever received came from my father-in-law. He was a typical southern business owner of his time. He always wore a suite, tie and usually a hat.
Working in his garden on a hot summer evening, he made a concession. The suit coat was left in the house, but hoe in his hand he still wore a white shirt and tie. I was had just started by career and confessed how difficult it was to live on a budget. Without looking up Mr. Reed said, “Yes, I know. I tried it once and decided the only thing to do was to make more money than I was spending.”
Mr. Reed was the founder of the Tennessee Book Company, which in his mid-sixties he sold to the Ingram Corporation. Ingram went on to build an empire as a software distributor. On another occasion, I recall my father-in-law remarking that he was lucky not to have gone into business for himself before age forty because if he had he likely would have failed. Looking back on my own career, I understand now what he meant by that. When it comes to business, you are a lot smarter at forty.
Best post series-- originally posted 2013
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Coming Later This Year
A New Mark Rollins Adventure
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