If there is one thing it takes to succeed in small business, it's determination.
And Spencer Wood has a lot to show! His relentless pursuit of his goal led him to opening his own business, Tip Whip, LLC. The business runs successfully with seven volunteer drivers, giving FREE rides to students in the Orono area within a three mile radius of the heart of the University of Maine.
But financially, how is it possible? In Spencer's interview, he shares his strategies on how he leads his business to the next level. Check it out, and share your thoughts on running a successful business in the comments.
- Determination is essential in small business.
- Don't be afraid to ask any questions.
- If you don't know the answer, ask until you find the missing puzzle piece.
- Business doesn't have to be complicated if you are determined to make it work.
Spencer's Aha! moment sparked his idea! He saw that students needed rides around campus, and that responsible drivers could make tips. He took action, and pursued his goal.
Spencer made Tip Whip happen by entering business competitions and applying for grants, receiving family money, and reinvesting 20% tip money into business operations.
Do you have what it takes to pursue your ideas?
If you have the determination to pursue your ideas, your credit union will give you AWESOME financial advice, and will point you in the right direction! If you have big ideas, or lots of questions, they can help get you moving toward success. Sometimes, making the decision to pursue something won't happen until you dive in and take action!