Management, Leadership, and Ethics

Don Rodgers, business entrepreneur and owner of BusinessLinc and Trinity Wine & Liquors, gave a very energetic presentation on management, leadership, and ethics in business.  He believes a true entrepreneur is one who is willing to take 100% risks demonstrating aggressiveness and courage.  The character of any entrepreneur should always be respectful and courteous, friendliness, and should operate and conduct business the right way with no underhand business dealings. 

Don owns BusinessLinc, which is a company that helps other companies sell their business.  He also works with the individual(s) interested in purchasing a pre-existing business by assisting them in preparing a business portfolio for funding.  He maintains three things you must have access to as an entrepreneur:  Commercial Banker, Attorney, and CPA-Certified Public Accountant.  An entrepreneur must first see themselves in business and be able to visualize themselves doing the type of work they are pursuing; Mr. Rodger’s saying is, “if you can’t see yourself doing it, don’t do it!” and if you have a spouse, and you present your idea to them, if it is not received, “don’t do it” go another direction.

In the event as an entrepreneur you decide to buy a pre-existing business which offers the advantage of immediate cash flow, existing staff, and an opportunity to build rather than create, there are several things you should do before sealing a deal:  Gain an overview of the business; Review the business’ financials thoroughly; Visit the establishment and owner; Write out a letter of intent to purchase; and after all requirement have been satisfied begin the contract  and due diligence process.  When requesting funding, be sure to have letter of request, resume (1page), personal financial statement, business plan (2 years out), copy of contract, and previous tax returns.

In closing, Don Rodgers says there is no such thing as “LUCK”, always be prepared to meet an opportunity.

For further information about Don Rodgers and his Business Brokerage Firm, "Business Linc"please visit their website at  http://www.businesslincllc.com/