The Last Thing Founders Want to Deal With Is Turnover

October 30, 2017

7:15 am

When you’re starting out, founders where many hats, but a you start to grow, it’s important to bring on talent with the skills you need and start delegating. We talked with Chris Gronkowski, former NFL player turned entrepreneur and owner of the Ice Shaker and Everything Decorated, about his lessons learned.

Who are your heroes? 

My parents are my heroes. They raised five boys and did an amazing job. All five of their kids made it to the pros, four playing for the NFL. Now that I’m a father, I couldn’t imagine how hard it was to raise five oversized, energetic boys.

Best piece of business advice that helped shape who you are as an entrepreneur today, and why?

Take care of the people who work for you. It’s hard to find good workers, and the last thing you want to deal with is turnover. If you have a good employee, it’s worth it to pay them more than the going rate. Make sure you keep them around!

Biggest lessons learned in building your business?

My biggest mistake was thinking that I could do everything myself. I was afraid to hire others to take over certain roles in the business. I felt that no one could ever run every aspect of my business as well as I could. But this was preventing the company from growing since I was spending time in the books or on social media instead of finding new revenue streams.

What’s your best financial tip for entrepreneurs just getting started?

You don’t have to spend a lot of money to start a business. My wife and I started our first company for less than $1,000. If you have an idea, just make sure it’s a great one before you pump a lot of money into it. Start small and crawl before you run.

What should every entrepreneur be doing to build their business?

If you want to take your business to the next level, you have to build your network. By joining networking groups or clubs, you can share ideas and learn what other entrepreneurs are finding success in. At first, this was hard for me to understand because I always had the mentality that I could take on the world by myself. But having this mentality was actually preventing me from learning from others.

Read more interviews from founders at TechCo

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Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. YEC members generate billions of dollars in revenue and have created tens of thousands of jobs.

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