Quote:
Originally Posted by berettafan
number one thing lacking is discipline on the part of the owner. typically you see a guy who's great at wrenching and wants the entire bill for himself but has no idea how to actually run a shop and manage other people.
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A LOT of truth here in my experience. I was great at producing the product, but not good at running the company. Early on I realized I wasn’t a businessman, I was just a man running a business. I eventually found a good office manager and was lucky to have an important vendor who saw my success as key to theirs. Things were great for 15 years, then they started getting greedy. Caught my manager embezzling and after she was gone discovered the vendor was grossly padding his invoices (with her collusion). I took over running the company and hired someone to do the work. I was pretty good at it by then, but I was miserable sitting there crunching numbers and dealing with employees while my replacement did all the creative work.