Key Entrepreneurial Advice
At 12:23 in
21 year old BUILT a 3 million dollar company
What happens here
Stanley emphasizes that Garrett and his sister have been operating equipment since they were 12, giving them years of practical experience. Garrett's advice to young entrepreneurs wanting to build a business includes: 1) Roughly define your goals. 2) Don't be afraid of hard work, including long hours and weekends. 3) Make connections and network with industry leaders ('meet people who are way past us'). 4) Always do what you say you're going to do. 5) Never lose a customer. 6) Know your numbers and understand profitability beyond just revenue. He stresses the importance of handling tough situations (like equipment damage or employee issues) calmly and proactively, viewing them as learning opportunities rather than setbacks. His motto: 'When you have a problem, run towards it, don't run away from it.'
Goal: Provide practical advice and philosophical insights for aspiring entrepreneurs.
Tools and materials
- Financial Tracking — Monitoring income, expenses, and profit margins
- Networking — Building relationships and learning from others in the industry