Webster defines an entrepreneur as, “one who organizes, manages, and assumes the risk of a business or enterprise.” Most all dealers and many boat builders have the entrepreneurial spirit. They are in business because they love it and don’t want to work for someone else.
One of my older brothers was a classic entrepreneur, starting at a young age. In high school, Jim worked at a gas station for spending money and soon bought his first car out of his earnings. After fixing it up a bit he then sold it for a profit and bought another car. He kept doing this all through school, buying and selling cars and each time, making a profit and trading up the year and model of the car.
Taking a big risk
After getting out of the Navy, he bounced around between several jobs but didn’t like working for someone else. So he finally bought a run-down Lincoln Mercury dealership “on a shoestring,” as they say. Over the next thirty years his business grew, he became incredibly successful, and made a ton of money as an entrepreneurial car dealer. … [ READ MORE of this article and comment ]
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