Our CEO class traveled to Effingham to visit Charlie Ring and Paris Van Dyke at Effingham Axe Throwing. This duo are alumni of the Effingham and Clay County CEO programs. What a cool experience to see how their CEO journey led them to purchasing a business of their own! They shared valuable insights about business acquisition and what it really takes to buy and run an existing business.
Key takeaways:
💰 The 7-year rule: If you can't make your investment back in 7 years, it's not a good investment.
📱 Social media is essential for attracting and retaining customers.
🎯 Be ready to roll with the punches - entrepreneurship requires flexibility and problem-solving when things don't go as planned.
💵 Minimize spending until you have steady cash flow to reinvest in growth.
After learning about the business side, we got hands-on experience throwing axes - and Charlie showed us some impressive throwing techniques with his specialized tools!
Thank you, Charlie Ring and Paris Van Dyke, for the lessons and the experience! Effingham Axe Throwing
19Dec
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