Wed, 19 May 2021
Have you ever heard the saying that "you will know it when you see it?" If you were to ask me how I can tell who will make it as an entrepreneur, that is probably the answer that I would receive. Sometimes you know what you know.
In the case of our guest today, Anna Collins, this is a young lady who will make it as an entrepreneur if she chooses to be one. How do I know this? It is all about looking at the actions that she has already taken and realizing that people who are not serious about an enterprise do not do what she has.
Anna loves horses, and she is determined to have her own business teaching others to ride and training. That sentence is not unique to Anna. You could make the same statement about many people who love horses and want to turn it into a full-time living. However, you could find countless people who have given up on that dream because they didn't have a farm or facilities or because there was too much liability. None of this has stopped Anna.
In high school, Anna is already teaching people to ride and training horses, and she is doing it on another family's farm and in their facilities. I could not interview them about why they allow Anna to do this, but I think it is highly likely that they saw the same drive and dedication in Anna that I did, and they wanted to help her achieve her dream. So, even though Anna did not have a proper facility, she did not allow that to stop her, and she is underway.
Putting other people's children on horseback and teaching them to ride is filled with potential liability. This is the type of issue in which you would expect a parent to step in and slow a high school student down to keep them from getting themselves or the property owners into hot water in a business like this. However, as I interviewed Anna, she had the correct answer to everything regarding civil liability. She is knowledgeable about business structures, waivers, insurance, etc. It is the fact that she has done the research, learned all about the business, and made the arrangements to shield everyone from liability that shows show clearly how devoted she is.
People who are just talking don't go to the headache of learning what an LLC is. They don't scour the internet, finding the correct liability waiver for their particular business, but Anna did.