The 2012 Presidential campaign has
been all about jobs and the economic effect of small business. More than half the jobs in the country come
from small businesses. The high unemployment the county has suffered for four
years stems from uncertainty owners have with the future. Taxes, regulations, health care, capital
availability and consumer reluctance to spend has stalled the national economy.
A deeper dive into what all those
words actually mean to us should be educational.
A business is an organization engaged in the trade of goods, services,
or both to consumers. Only 44% of
businesses survive past the fourth year in business. The people that own businesses are often
referred to as entrepreneurs. An
entrepreneur is a person who accepts risk and starts a business where none
existed.
After 40 years of working for
companies in the retail sector, I was let go in a change of culture for a large
company. Unlike owners of a business,
large corporations are often operated by management teams. I was desired by the
previous management teams, but not the last one. Despite the ADEA laws
protecting employees over 40 from age discrimination, in reality employees work
at the pleasure of management.
In 1964 Peter Drucker defined
entrepreneurs as one who searches for change and then responds to it and exploits the opportunities. I may not have
searched for change, but after six months of rejection by the finest companies
in the country in a job search, I considered business ownership. Franchising is the practice of using another
firm’s successful business model and I needed to be in the 44% that succeed.
If the economic and political
climate was bad for small businesses was it wise to start one? Which of the thousands of franchises made
sense? How would the costs be financed?
Should it be a sole proprietorship, partnership, or limited liability
corporation? Where should it be started, as we had last lived in Pensacola and
were now staying with our daughter’s family (who has our three grandchildren)?
The wisdom of business ownership
stems from understanding who owns everything.
The wisdom of business ownership comes from knowing who has all the
answers to every question. The wisdom of
business ownership is being surrendered to the will of God, but that follows
figuring out what it is. I had
transferable skills and education for many things and could live anywhere but
there was only one answer.
I love market research so I can
find facts about business opportunities, but this process required asking and listening. Despite owning (or having mortgages on) three
houses in Florida we resided in a room next to our grandchildren in Leesburg
Florida. Searching for a temporary
church home we discovered The Father’s House on a week the Senior Pastor was
traveling but God chose to deliver his answer that day.
All questions were answered when
answers were needed, all funds were provided when funds were needed, the choice
of a franchise was authentically clear, and the decision to form a corporation
named DOW Senior Care Inc. occurred. We
agreed to keep living in the room next to our grandchildren and provide our
services as a ministry to those without funds, being profitable from those that
could pay.
Reluctant entrepreneur perhaps,
but my wife and I are employed by that corporation (2 jobs produced) and make
up the management team. We are a
personalized eldercare referral service for seniors and their families in an
area of the country that has four times the average number of seniors. We are working to get Mitt Romney elected because
as a business owner he gets it. God owns
our business and we are stewards. 10% of GROSS sales go to charity. We are now in training with the franchise
folks. The future is bright.