I am quite obviously a child of the 80’s. Movies like Karate Kid, Dirty Dancing, and Goonies were favorites of my sisters and I. Other movies from the 80’s, including those below, have proven today to influence my practices and beliefs as a business owner. Read on for 80’s movies to learn from…
Ghostbusters – After helping the New York City Public Library with a scary pest, Egon, Ray and Venkman invest their hearts and life savings into their new business. While I disagree with pouring your life savings into a new business, I do agree with pouring your heart and life into it. Does this mean I would sleep in an old fire hall to be close to my business? No. Absolutely not. But it’s great to have and show your passion.
As a side note, when setting up a business, it is crucially important to consider whether the products and services you are offering are a passing fad. For instance, the Ghostbusters put themselves out of business by wiping out (for the most part) the entire paranormal population. You certainly don’t want to wind up with 50 years of inventory for a product nobody will want (or need) in a year and a half. For this reason, developing a comprehensive business plan during your start-up phase is STRONGLY recommended.
Back to the Future Part II – As a grown up, Marty gets caught participating in a scheme against his employer. Much like the monitoring capabilities our clients and competitors have by way of social media, Marty’s employer caught him in the act.
Don’t give in to any temptations to participate in shady deals. In the end you probably will get caught , and it could cost you everything you have.
Back to the Future Part II also brings up the important point of Get Rich Quick schemes. Marty bought a book telling the winners of every sporting event for the past 50 years. He intended to go back to his present day and get rich by betting on all the winners. As he later saw with Biff, money can drastically skew the way people act, as well as change the environment for an entire population. I certainly can’t say that I wouldn’t place a few wagers if I knew what the winner would be, but I CAN say I take extreme caution (and usually delete) when a Get Rich Scheme winds up in my inbox. I’m sure you’ve heard the saying – “If it sounds too good to be true, it probably is.”
Cocktail – Brian Flanagan, played by a young Tom Cruise, has aspirations of starting a franchise of bars to be located in local shopping malls. Despite his lack of experience in the business world, Brian uses his knowledge of his family business to realize his business goals.
Just because you don’t have your MBA or 15 years experience on Wall Street doesn’t mean you’re not cut out for success. Learn all you can from hands-on experience and pick the rest up from reading and research.
All the above characters shared one common trait: they didn’t allow anybody to tell them they couldn’t do what they wanted to do. Follow their lead and pursue your dreams. Even if you fail you will never have the regret of not having tried.
Kim Sutton is the Managing Partner and Chief Everything Officer of The Sutton Companies, including Sutton Strategic Solutions and Sutton Creative Studios. She is a graduate of The School of the Art Institute of Chicago where she earned her Bachelor’s Degree in Interior Architecture.
An avid reader and passionate learner, Kim is constantly researching, studying and developing business improvement strategies. When it comes to client work, Kim especially enjoys helping her clients develop innovative marketing strategies and sales funnels, particularly when they are using Infusionsoft to automate all the heavy lifting. To find out how you can further develop your company’s marketing and automation strategies schedule a 1-hour Business Boost Strategy Session by clicking here.
In her free-time, Kim cherishes the time she gets to spend with her husband, Dave (her business partner), and five children. She also enjoys reading, knitting, writing and playing video games.
Get a copy of Kim’s FREE guide, “10 Top Tools for Small Businesses” by clicking here.