From this video.
Erick
Slaubaugh was a ‘’reluctant entrepreneur’’ who joined his father’s company when
he was 19 years old right as the company was going through a very tough time.
Apparently he started from the bottom and worked his way up to become the CEO;
he had to earn his position and learn even though he and his father owned the
business.
I was very
moved by the memories Erick shares about his youth. He ‘’started with less’’
than his friends in a certain way. As a co-owner of the family business, he had
to work very hard and at the moment he couldn’t enjoy life as much as his
friends. He had to make sacrifices like working long hours, not going to
parties, and not earning big paychecks; today the tables have turned and his
friends say that ‘’he was lucky’’. He was not lucky, he just worked much harder
and now he enjoys the rewards.
Erick
mentions that en entrepreneur needs to have the courage to make hard decisions,
but let one’s moral values guide those decisions. A successful person must also
be humble enough to ask for help and find mentors.
Another
valuable piece of advice is not to invest in something just because is trendy
when we don’t understand it. He tells about how he invested in a venture during
the dotcom bubble because many people were making money off it, but that the
investment would have been much more successful if he had just invested it into
his own company.
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