A So Totally Business Savvy first, I got to interview an amazing entrepreneur and good friend that I met via Twitter, Paul Tran, on how to own your own business. Paul is a serial entrepreneur that has made quite a name for himself in Southern California, as well as nationally. Starting off in retail, moving to the banking industry at Well’s Fargo, he finally decided to take the plunge and start his own business in an industry that he had no experience in (other than he was a consumer and knew what he liked) and totally crushed it.
In the interview I ask him about some of the pleasant surprises and the not-so-nice surprises that he faced, what he would do differently if he had the chance, and also how he managed to move from owning one business to several. He also shares some of his most influential books, and how passion is a key factor in starting and running your own business.
One thing that was very surprising was his mention that if he had to do it all over again he would have gone with a franchise. It is very hard to know how to own your own business when you first start out, and it’s great to have a model that is already proven to work. In essence, he says that the cost of the franchise can be much cheaper than the cost involved with proving a new concept.
If you want some great insights into how you can move from full-time corporate life to owning your own business, you won’t want to miss this interview. As always, if you have any feedback or comments, please leave me a voicemail message at 714-643-5301, I’d love to hear from you. Oh, and don’t forget to follow @DeanSoto and @PaulTTran on Twitter!