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| Silver Stories:
Scott Talley |
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About Scott
"The world is too diverse to see
out one window." Those were the words
of television personality Bryant Gumbel, leaving
his job on the "Today Show" which
inspired Scott Talley to pursue his dream:
owning his own business. His fire for excellence
has burned his entire life. Talley says, "I
grew up with this mean old Catholic priest
and I vowed when I was a little kid I was
going to become a better priest than him."
After spending years building a career with
the Better Business Bureau, Talley launched
his own business, publishing telephone directories
for the BBB. Succeeding with own business
has prompted Talley to broaden into other
ventures, such as owning his own restaurant
and bed-and-breakfast inn in the Texas Hill
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Scott Talley's Silver Story |
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What
happens when you’re working for
an employer, you see a way of…building
the better mousetrap, yet, you don’t
have the means to orchestrate your
great idea? Do you just shrug your
shoulders and let the idea fade away
to nothing? Or do you risk your livelihood,
comfort and professional identity
and forge ahead…on your own?
In Houston, Texas, Scott Talley started
Consumer Guide, Inc., some six and
a half years ago. A yellow page directory
exclusively for members of the Better
Business Bureau, it was his better
mousetrap.
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Scott's
Blog
Now
a half dozen years into his entrepreneurial
journey, Scott has charted and is steering
his business in a new and more economic
direction...but, not without peril.
You'll follow Scott's journey as he
attempts to reinvent his business dynamic
and you'll learn the ways and means
of business diversification.
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Friday, September 15, 2006--Funding
Your Venture
I’ve always been a bit of a control
freak, so, when I started my business,
I wanted to try to find a way to provide
the necessary capital to maintain control
of the operations. That’s not always
possible and I’m not even sure
it’s always the smartest way. In
hindsight, we might have been able to
go a little faster had we had some capital
at some different times in our business,
but today, it’s six years later,
we have about a seven and a half million
dollar company and I own one hundred
percent of it and I don’t have
to share the profits with any partners.
On the other hand, if that’s not
available to you, there’s certainly
not anything wrong with raising capital
through SBA loans or through private
investors or through friends and family.
That can get a little dangerous, but,
it’s doable.
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