If you listen to the news for only ten minutes a day, more than likely you will hear something said about our troubled economy. The housing market is down even though interest rates are low. There is a 7.5 unemployment rate for the whole country with states like California, Mississippi, Illinois and Nevada with unemployment rates over 9 percent. Although some would look at this current state of affairs and retreat, settling for any job they could find, Ed Slinin would see opportunity.
Eddie Slinin is the entrepreneurial who started Corporate Transit Group in 1982 with one car and all of the qualities it takes to create a successful business. Sure, times are tough right now. But sulking about your situation is not going to make it better. It may be time to take the lead from Eduard Slinin and consider starting up your own business.
Starting a business means taking a risk. Over half of small businesses go belly up within the first five years. This is not supposed to scare you, but it should make you think long and hard about whether or not you are ready to take this path. Although there is no guaranteed formula for running a successful business, there are common characteristics that successful entrepreneurs possess.
Drive and Determination
Ed Slinin Corporate Transit Group would not be one of the leading transportation services today if it wasn’t for the determination Edward Slinin possesses. Starting your own business takes a lot of time and energy. If you are not committing one hundred percent to your company, your chance of succeeding decrease. You need to have the determination to see your business through the tough situations.
Organization is essential to forming a stable business, and this means keeping things organized from day one. If you keep saying you will get to it later, chances are you never will. Your office will turn into a sea of mail, receipts, files, and other important documents. Think about what kind of organizational system you plan on using. If you are keeping this digital, do you plan on having back up hard copies or hard drives. Where will they be? How will they be labeled? Organization is not just for your own benefit. A clean and neat office or store will give your customers or clients confidence in your business. Ed Slinin believes it does not matter how you stay organized, only that you stay organized.
Of course the ultimate goal of owning a business is to become financially secure by offering a quality product or service. Your profits can be part of the equation, but they cannot be the entire equation. Customer service needs to always be the cornerstone of your business, no matter how big you get. Ed Slinin always has his customers’ best interests in mind back when he was a one car operation and continues to as a leader in the industry.
If you have the determination, organization, and customer centered business philosophy, you may be the next big thing in small business.
For more information on Ed Slinin, click here.