This morning at the local Chamber of Commerce meeting, Mike Zislis, owner of Manhattan Beach Brewing Company, Shade Hotel, and Rockin'Fish restaurant spoke about his entrepreneurial experience. Here are my take aways: He always gives away half of the ownership in his companies to his investors who put up all the cash. He never buys out his investors -- he wants them to continue to be owners so they will be rich happy advocates of his business. He sells them on new ideas and they trust him because he makes them rich so they are happy to reinvest with him. He never uses banks, only friends, family, and rich happy investors. He does business plans adn is prepared to do a "dog and pony" show to sell his idea. He is not afraid to get his hands dirty if that's what it takes. Don't lie. Be consistent.
There's more...what do you think?
What You Can Do Today to Encourage Your Flourishing Creative Enterprise
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