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Blog of Author and Consultant Rob Salkowitz
Thursday, September 01, 2011 7:19 AM

Small Business, Big Vision

Matthew and Adam Toren have some career advice for young people today: if you want a great job, start a great company. The Torens run YoungEntrepreneur.com, one of the Web's best sites for practical advice on starting, running, promoting and growing a business, aimed primarily at ambitious Millennials. Their first book, Kidpreneurs (which I reviewed at FastCompany.com), managed to distill business lessons into a concise, readable childrens book. Their latest is called Small Business, Big Vision (Wiley, 2011), and it weaves inspirational stories with hands-on guidance to motivate and educate the next generation of successful small business entrepreneurs.

Adam Toren recently sat for an interview to discuss the goals and purpose of their latest book.

What can readers expect to take away from Small Business, BIG Vision?

When we set out to write the book, it was important to us to provide entrepreneurial readers with the information they need most. We looked at the most common questions we hear from entrepreneurs – whether they’re just starting out or have been in business for a long time – and we provided answers in the book that are designed to really give the reader the advice and guidance they’re looking for. Small Business, BIG Vision answers questions like, “Do I need a business plan?” “Do I need outside financing, and how do I find it?” and “How do I know if it’s the right time to hire employees?” We also covered how to use social media to market your business, how to become a recognized expert in your field, and how to turn around a struggling business.

The book provides practical, useful advice on these topics and more, and then it backs up the advice with profiles of some of the most successful entrepreneurs out there. Each chapter has advice and lessons from self-made entrepreneurs who have been wherever the reader is now. It’s very relatable and timely.

 You and your brother, Matthew, have been entrepreneurs your whole lives. How did you get started?

 Our grandfather, Joe, was instrumental in getting us interested in business ownership. When we were in elementary school, he set us up selling these little glider airplanes called Dipper Dos at a local folk festival. We learned how to really wow the crowd with the tricks we could make the planes do, and we sold out quickly. It was a great feeling for a couple of 7 and 8 year old kids, and from there we were hooked.

 We were very fortunate to have the full support of our grandfather and our mother throughout our early ventures. They never told us we should just get jobs or pressured us to avoid the risks of entrepreneurship. They encouraged us to work hard and always do the right thing, and they always let us know they were behind us 100%. Having that kind of support ourselves is a major reason why we wrote the book Kidpreneurs. We want everyone to have the opportunity we had to succeed in whatever business they choose to start.

Given today’s economic climate, is this really a good time to start a business?

That’s a great question. Entrepreneurship comes with a certain amount of risk anyway, so isn’t it crazy to go into business with the added risk of facing uncertain economic times? We don’t think it’s crazy at all. In fact, we truly believe it’s the smartest move anyone can make. Read or watch any news about the economy, and you’ll eventually come across a story about the massive layoffs of the past few years and the fact that many people are taking a year or more to find work. And when they finally do land a job, many are settling for a position and pay far below that of the one they left.

Now, that’s risk. If my only option was to get a job, and I had no income during my search, life would be stressful and scary. No fun at all. On the other hand, with the time most people take to find a job, and the savings they use up in that time, I can think of 10 businesses I could start right now, and I guarantee I’d end up in a better position financially and mentally at the end of that timeframe. An economic climate like we’re in now is the perfect time to start a business.

 

 

From all of your experience, what are the most important entrepreneurial lessons that you can share with our readers?

 

Two things: 1.) Follow your passion, and 2.) never give up. In addition to our own experience, my brother and I have interviewed successful business owners from all over the world for our websites, and for Small Business, BIG Vision; and passion and perseverance are the two factors that stand out most clearly in the most successful entrepreneurs we’ve met.

If you’re passionate about what you’re doing, no obstacle is too big, and you never feel like you’re working. You’ll happily put in all the hours and effort that’s necessary to see your business thrive. Passion is the fuel that ignites your vision. And if you have #1, passion, #2 is easy – you’re much less likely to throw in the towel when challenges come up. We’ve never talked to a single successful entrepreneur who built his or her business without significant challenges, and having the perseverance to keep pushing toward their entrepreneurial vision is what made the greatest difference for them.

 

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Comments

 

Rohit Sharma said:

Agree on the lessons there. Nothing is more important than those two. But then, it is pretty important to chose an idea which possibly is easily marketable and solves a problem too.

September 19, 2011 12:24 PM
 

suvi said:

Agree with this Article this article tell us that if u have a small business it doesn't matter  but you should focus on the big vision.

September 15, 2012 4:44 AM

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About Rob

Rob Salkowitz is a writer and consultant specializing in social technology and next-generation workforce. He is the author of Generation Blend and co-author of Listening to the Future, and a principal in the Seattle-based communications firm MediaPlant.

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