Q & A: Winning Entrepreneur Gives Insight Into SuccessThe definition of entrepreneurship varies from person to person, experience to experience. A Forbes contributor recently coined it simply as “social problem solving” to longer definitions which all seem to embrace the entrepreneurial spirit of innovation, creativity and risk-taking which are all a part of the process of becoming a successful entrepreneur.
As this issue of the Greater Lansing Business Monthly surrounds “Entrepreneurial Winners,” I’ve taken a moment to interview Douglas J CEO Scott Weaver to share his thoughts on the theme and to provide insights from his entrepreneurial journey and inspire others to continue their path of entrepreneurship and business success.
As CEO of Douglas J, Weaver wears many hats from education, curriculum, marketing and operations and beyond, it’s a delicate balancing strategy necessary in leading the growing brand to winning.
Here’s more from our conversation:
CHUNIQ INPOWER: What is your personal definition of, “entrepreneurial winning?”
SCOTT WEAVER: The ability to create opportunities, not only for myself but for the teams that I work with and the communities in which we do it.
CI: As an entrepreneurial winner, what has been your most contributing factor to your success in your business ventures?
SW: Perseverance and commitment to the greater goal. The ability to remain focused and on target through both good times and challenging.
CI: In addition to Douglas J, what are your other business ventures?
SW: My very first business was washing the employees and guests cars from Douglas J while in high school in my parents’ driveway. I turned that into a lawn care business to help pay for my college education. I also started a company with some co-workers and friends called SMMJ to provide student housing for the students of the Douglas J institutes.
CI: What are three qualities new or aspiring entrepreneurs can develop to set a good foundation for “winning?”
SW: Have a goal and through perseverance and dedication being able to stick to that plan.
CI: How can seasoned entrepreneurs stay relevant or sharp into the changing demographic and psychographic of today’s consumers?
SW: I love to read, different business books and motivational books to find inspiration. I enjoy talking to our staff and students. I am fortunate to work with a young and progressive group.
CI: Although many speak of winning, losing can also happen while working toward success. How can one turn business losses into profitable wins?
SW: We make mistakes and have challenges every day, but not looking at them as a loss but rather an opportunity in which to learn from. Everyday entrepreneurs take risks to build their business. Some may work, others may not, but to continually learn and grow makes each move a step in the right direction.
CI: How important is it for entrepreneurs to build a strong team?
SW: It’s not even optional it’s a necessity! The team must be one that has trust and belief and shares the overall vision and mission of your organization. True entrepreneurs never work alone. There are internal and external teams, vendors, suppliers and in our case, guests and students who make Douglas J what it is, so it’s imperative that all of those components are happy and satisfied.
Douglas J is a regional company that runs spas, professional salons and high-end cosmetology institutes in Ann Arbor, East Lansing, Grand Rapids, Lansing, Okemos, Rochester Hills and Royal Oak, MI; as well as in Chicago, IL and Knoxville, TN. Learn more about Douglas J online at www.DouglasJ.com.
Editor’s note: This piece ran in the May 2013 Issue. It contains valuable information on entrepreneurship, in turn we found value in publishing it again.