Most Americans are familiar with the life of our first President, George Washington. However, what many do not know is that Washington was also a successful entrepreneur. In addition to his military and political careers, he was one of the nation’s most successful businessmen. In honor of what would be Washington’s 284th birthday, here are three lessons we can learn from our country’s first great leader.
#1 Benefits of Investing in Civil Growth
George Washington understood the importance of investing in civil projects that would benefit the economy as a whole. In 1785, Washington helped found the Potomac Company which aimed to expand trade along the Potomac River.
#2 Success of Diversified Business Ventures
Washington knew the importance of diversifying. He not only operated a farm at Mount Vernon, he also opened a whiskey distillery in the 1790s. How can you use range and variance in your own business practices?
#3 Growth Through Change
George Washington was not afraid to make a change. When Washington realized that his popular tobacco crop was not yielding the profits it should have been, he was willing to move on to other crops that could offer more profit, such as wheat. If something isn’t quite working for your business, it may be time to try a different approach.
While Washington’s military and political successes have overshadowed his entrepreneurship in the chapters of history, many historians believe it was his shrewd business tactics that made him so successful in other areas in life.
Our trained team at ActionCOACH can provide you with the tools and strategies to strengthen your business.
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