Herman: John L. Herman Jr., Author

Herman School of Business

Ideas need Action

You want to lose weight. You want to get in better physical shape. You want to cook your favorite meal. You want to plan a trip. All of these ideas you have require action. And you know that. The minute the idea pops into your head you realize you have to do something before any of those ideas become reality. Yet when people have a business idea, or an idea to make money, they wonder why it doesn’t just happen.

A man pulls into a McDonald’s Drive-In lane to get lunch. He is sitting behind an old pick-up truck loaded with trash and heading for the local dump. As the man glares through the windshield it hits him that everybody has junk to get rid of. He needs extra income for his family. The next week he spends ten thousand dollars on a used truck and starts 1-800-GOT JUNK. There are no national players in this field. He becomes the one. Because he took action, and didn’t just keep sitting there waiting for money to fall out of the sky. Today 1-800-GOT JUNK has franchises all over America and hundreds more overseas, and the founder of the company never went to college and just turned 36 years old.

Back when I was 33 years old I saw a Snap-On tool truck pulling into a car dealership to sell tools to mechanics and I parlayed that into Auto-Guard Auto Products which had similar trucks selling 150 different compounds, cleaners, solvents, waxes, and products that all car dealers needed including rust-proofing and undercoating. And while my idea worked…we collapsed from undercapitalization…a common cause of business failure. But rather than just quit when I went broke…I thought of another idea and just kept going forward…in other words, I didn’t just think of what to do, I was willing to take action to make things happen.

Comments

A couple of weeks ago I read a book on procrastination. Just starting my own company I have to deal with it everyday. Because it is so much easer to do what I am used to then to get out of my comfort zone and start growing. And what if I fail? What will others say or even worth what will they think?
Your blog and book is of great help in winning.

Herman Says: The true entrepreneur learns to care more about doing what they believe is right, rather than worry about what others think. Keep moving forward Oliver!

Written by Oliver Pospisil on 22 January 2008

add a comment






Welcome

After 30+ years in business, I’ve decided that it’s time to share my hard knocks knowledge. Having worked in almost 200 bankruptcy cases and many other kinds of business failure situations, I have awarded myself a Ph.D. from what I refer to as the Herman School of Business. In this blog, you’ll read about starting a business, running a business, and, if the situation calls for it, selling a business; about being a business success and not a business failure. Welcome …

Categories

Archive of All Entries (318)

Recommended Books

Blogroll

Resources

Subscribe to the Herman School of Business

Subscribe by Email

Subscribe to the RSS Feed