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Rick: Congratulations Lee on your new Blog. I look forward to many spirited conversations. Best RegardsRick

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Wednesday, September 16th 2009

10:25 PM

Use your capital wisely

Over the 50 plus years I’ve been in business I have finally settled myself down and have started to use patience.  Using patience is extremely difficult because entrepreneurs tend to be impatient.  They want to do it now.  They want results now.  They want to do a project and get onto the next one.  Well I’ve been there and done that and in this economy I’m learning that being patient is what is being called for now.  Don’t rush out and make big mistakes.  Financing is not that available if your project goes up in flames.  Use your capital wisely; think everything through to the end.  Put a realistic budget on it and extend your deadlines to give you enough time (patience) to understand how successful your project will be and if it is timely for today.

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