Business Ideas: 3 Business Lessons From Truett Cathy

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Personal Finance Company . *** Newest Video: www.evancarmichael.com *** Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! Today we're going to look at how a young entrepreneur who had difficulty keeping up in class and didn't believe in himself changed his life and became one of the wealthiest men in North America. this is the story of S. Truett Cathy from Chick-fil-A and the top 3 lessons that you can learn from his success. "I realized I could do anything if I wanted it badly enough.' - S. Truett Cathy To learn more check out my list of Truett Cathy articles at: www.evancarmichael.com or community.telustalksbusiness.com Action Item #1: Lead from the Front After a particularly rough year in 1974 where inflation rates rose unexpectedly, Chick-fil-A was hit hard in the pocketbook. They had to spend more money on advertising to attract people into the restaurants. Not wanting his operators to lose their shirts, Cathy decided that he would cover the unexpected increase in costs. He took the hit so they wouldn't have to. According to Cathy: "I didn't take a salary that year because I didn't want our employees to take pay cuts. I struggled with this but I was determined not to lose sleep over it...Too many CEOs are leaving sinking ships. They should be the last ones to leave the company. If some people are losing money, everyone should lose money, not just the stockholders." Action Item #2: Build a Culture Cathy doesn't believe that businesses should be open seven ...

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