Posts Tagged ‘entrepreneur’

Commerce & Patriotism - words of wisdom from George Washington

Tuesday, July 6th, 2010

We have just celebrated a Glorious Fourth, the anniversary of the founding of our country. We celebrated with hot dogs, S’mores, chips, lemonade and beer, maybe even a few veggies to assuage our guilt. We joined friends for games, good company, good food, and fabulous fireworks. It was a great party weekend, with firecrackers going off well into the night.

As an old-fashioned American patriot who finds it difficult to sing the Star Spangled Banner without choking up, I also celebrate by contemplating the founding of this country, the incredibly difficult and bloody struggle of our War for Independence, and the courage and wisdom of our founding fathers as they laid out a form of government.

Perhaps the greatest of the founding fathers was George Washington. So I took some time today to look up some of his words to share with my readers. First, on the subject of commerce, he had this to say, from a letter to Benjamin Harrison on October 10, 1784:

“A people… who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.”

To me, this speaks to the spirit of entrepreneurship. With energy and an environment that encourages commerce, a person can do great things. And in this country, we have!

On trade, he said this in his Farewell Address, September 19, 1796:

“Harmony, liberal intercourse with all Nations, are recommended by policy, humanity and interest. But even our Commercial policy should hold an equal and impartial hand: neither seeking nor granting exclusive favours or preferences; consulting the natural course of things; diffusing and diversifying by gentle means the streams of Commerce, but forcing nothing; establishing with Powers so disposed; in order to give trade a stable course.”

Sound like a recommendation for a stable economy - regulation by “gentle means”, “forcing nothing”. Words of wisdom for Washington D.C.? Especially now as the pendulum is swinging from too little regulation to way too much?

In a letter to the Marquis de Lafayette, dated June 19, 1788, he said this:

“I hope, some day or another, we shall become a storehouse and granary for the world.”

We have. Let’s not lose it!

Let me close with a couple more quotes from our first, and one of our greatest Presidents, George Washington, a man I greatly admire.

From his Annual Message, December 1793:

“If we desire to secure peace, one of the most powerful instruments of our rising prosperity, it must be known, that we are at all times ready for War.”

One more from his Farewell Address, September 19, 1796, words about Patriotism:

“Citizens by birth or choice of a common country, that country has a right to concentrate your affections. The name of American, which belongs to you, in your national capacity, must always exalt the just pride of Patriotism, more than any appellation derived from local discriminations.”

Amen. Happy Birthday, America!

Closing the store, but not the business

Wednesday, June 3rd, 2009

Read a great article in the Wall Street Journal yesterday, in their “small business” section. It is entitled “Entrepreneurs Pack Up and Go Home”. It describes the recent trend of small businesses abandoning their “brick and mortar” locations and moving their businesses into their homes. The move is usually triggered by a big drop in business and the inability to renegotiate leases.

The main point of the article, of great interest to me as a business consultant, is that the move can be done, but requires many adjustments and some careful planning. Among other considerations, it is critical to check zoning laws in your neighborhood regarding any restrictions on operating a home-based business. One company mentioned in the article, a dancewear business, was really screwed by the local zoning board. Zoning laws vary widely, so don’t assume. Check it out.

Beyond zoning considerations, moving a business home changes the marketing dynamics. You can’t put a “sale” sign in the window any more to generate additional traffic. Marketing and advertising on the web is “doable”, but certainly different from advertising a brick and mortar store. Another area demanding careful thought and preparation.

Bottom line is that there is more to moving your business home than saving the monthly lease money. Like most business changes, some preparation in advance will help ensure that the move goes smoothly and that your business survives.

Interested in reading the article? Press here.

Considering the move home for your business? Already completed the move? Please share your thoughts and experiences!