What are the major factors that have contributed to your success?
I have a willingness to try anything. My centerpiece project so far has been the purchase of about 350 acres adjoining a state park where I grew up. I wanted to conserve as much of that as I could. It was unzoned, and very desirable, so we could have done anything. I bought it, stripped off development rights and donated them, and conserved about 250 acres of it. I am waiting to make my money back on it, and if this cap and trade carbon stuff goes through we should make some good money on it.
It's a leap of faith. And, the tax benefits were great, too. That was about a half-million dollar investment, give or take. A lot of people would have done something more safe, but I don't regret having done that. I do regret that we didn't move the property along faster and buy more land, because the natural gas is much harder to get now. So, I am successful because of taking the risk, taking a leap of faith. I had a model I was pioneering, a social entrepreneurial model that I am out there pioneering by myself, and it's had some comforts and some real discomforts, but it can work.
Also, keeping a positive attitude when things just aren't going the way I want them to and I think, "What the heck am I doing?" Keeping a positive attitude and waiting for things to work out, as well as having a lot of irons in the fire. I keep a lot of doors open so that if one closes another can open. That's very important for success, constantly creating opportunities.
I've been lucky. All the work I've had has been through word of mouth: "I heard you did this for Joe and I definitely need you." So, it's been fantastic. An incredibly enriching experience, I wouldn't trade it for anything.
What major obstacles and pitfalls have you had to overcome?
It's been tough since about last October, with the economy as it is. We've had 1000-lawyer firms in our state that just vaporized, because their clients stopped calling and their work dried up.
So, drumming up business is a challenge. And, always doing a good job, keeping clients happy. That's job number one. It's hard to know sometimes, but I've been keeping them happy for five years and three months now. With all kinds of businesses going belly up, and people with wonderful jobs losing them and unable to find another, I figure if I can survive this I can survive anything.
What advice do you have for new entrepreneurs or those considering becoming entrepreneurs?
Number one is do what you know, don't try something because it looks good. Do something you know well and stick to it. Don't give up easily, keep a positive attitude. If you find yourself working 18 hours a day there's nothing wrong with that, because you can be doing that for two weeks straight and then you'll have a week to yourself to keep things going smoothly. You'll work like a dog but you get tremendous opportunities. You'll get the chance to make investments you could never make working for someone else. And, you have time for your family, time to have fun and attend to your own personal enjoyment and needs.
What advice do you have for entrepreneurs who are struggling to achieve success?
Have a clear vision and a good business plan and know how to follow through. Follow through on everything. You have to be able to implement, to deliver. Sitting around with great ideas and a phone and a laptop is not going to make anything happen. If someone is struggling but just not making it happen, I'm not sure they're doing the right thing. A good idea will work, but you have to follow through.
I had a friend who was passionate about environmental protection, but he could not work in a structured environment. He just couldn't follow through on everything. So, now he's making a decent living teaching German and enjoying it.
For more inspiring stories, check out the other profiles in Bright Hub's Collection of Interviews and Biographies of Successful Entrepreneurs.