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Jim Dolan, Founder, The Dolan Company: Give Your Kid Entrepreneurs an Early Start!

Jim Dolan, Founder, The Dolan Company: Give Your Kid Entrepreneurs an Early Start!

Jim Dolan, founder and CEO of The Dolan Company, started his entrepreneurial life early, having had an epiphany as a young lad. He had bought firecrackers for 25 cents in the summer and had some leftovers come Christmas time. He was about to do the normal thing boys do and set them off, when a friend said he’d pay $1. With a 300% profit locked in, an entrepreneur was born.

Other founders had similar experiences growing up. Howard Tullman was a professional magician by age 8. One of the Groupon co-founders set up a company to sell rugs while in college.

Maybe there is something here? The summer job mowing lawns or the early lemonade stand by the side of the road may be a stepping stone to greatness. It led to big things for Jim, and in this video interview, he makes some great points:

  • It may appear that public companies can at times rest on their laurels, but Jim is adamant that is false. You have to keep growing. It is a never-ending process.
  • Jim’s company is an expression of who he is – it is a calling, not a temporary thing where he has an exit point. He specifically acknowledges that he has different goals from his investors. Before taking someone’s money, he is upfront that he’s in it for the long haul, because he knows investors always have a time horizon, a due date when they want to sell and move on.
  • The quality of great entrepreneurs is restless curiosity, and its opposite is not cynicism. Cynics have filters, and Jim doesn’t discount both qualities playing together simultaneously.

Enjoy!


About Robert Jordan

Robert Jordan has been launching and growing companies and helping other entrepreneurs do the same for the past 20 years. He has authored book and audio series including How They Did It: Billion Dollar Insights from the Heart of America (RedFlash Press), featuring 45 leading company founders who've created $63 billion in value from scratch, and How They Did It Nightingale-Conant audio program . His startup, Online Access, the first Internet-coverage magazine, landed on the Inc. 500 list of fastest growing companies. His newest endeavors are RedFlash, a strategy execution team, and The Association of Interim Executives, which champions interim management as its own global specialty. You can also find Robert on Google+ and Twitter. View all posts by Robert Jordan

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