Wed, 7 April 2021
INTRODUCING ISAIAH HOPKINS:
I have a lot of favorite businesses that I profile on the Off-Farm Income Podcast, and the business we will profile today is quickly becoming my favorite for FFA students.
I have talked many times over the years about how I think the development of a lawn care business in the FFA can lead a student to unbelievable entrepreneurial success. I have gone as far as to say that in the same way that the dry cleaning business was called the "future millionaire-maker" back in the 1980s and 1990s, I think the lawn care business takes its place as the "future millionaire-maker" of today. Well, over time I have come to learn that there is an even more basic first step to this business, but it is a very important one. That is the repair and maintenance of small engines.
In today's episode, I am interviewing Isaiah Hopkins. Isaiah has a vision for a future of business endeavors. He is a junior in high school, and he is just getting started recognizing the possibilities by fixing up broken-down motorcycles and lawn equipment and then reselling them at a profit. This is a natural lead-in to the lawn care business because small engine repair and a mechanical aptitude are so important there. Also, the ability to find old equipment, sometimes for free, fix it up, and use it to make money with the best definition of "bootstrapping" I have ever heard!
As Isaiah gets more experience with his business, record keeping, and insuring a profit he is expanding into lawn care. He sees this as the conduit that can help him make the money that will allow him to go into other entrepreneurial ventures like rental houses and storage units. I believe he has an excellent plan, and the only thing that can stop him will be if he changes his mind!
Direct download: OFI_1039__Building_Towards_An_Entrepreneurial_Future_One_Engine_At_A_Time___FFA_SAE_Edition___Isaiah_Hopkins___Tunstall_High_School_FFA.mp3
Category:FFA -- posted at: 12:30am MST