ALB Lecture

Adam Bell, Entrepreneur and owner of ALB Tech, came in to talk about starting small business in Richmond. He started out by giving us a brief biography of himself as an entrepreneur. As with the other lecturers that I have seen in this series, Bell talked a lot about making money at an early age. At fourteen, Bell began fixing computers. He later go into creating websites for local musicians and businesses. Finding that to be lucrative, he opened a computer shop, ALB Tech.

Bell drove home a few key points to starting a business. First, he talked about an entrepreneurs need to do it all themselves. Bell stressed that this was not the thing to do. Instead, he said that if you don't know how to do something, you should find someone who does and pay them to do it. He stressed that this was especially the case with aspects of a business that can get you into trouble, such as accounting and legal issues.

Bell also pointed out that, from his past experience, it seemed to be best to have a wide selection of useable products rather than a lot of a limited selection. He said the most successful businesses were Service and Product combination businesses, and that 90% of an entrepreneurs day is spent marketing and networking.

After leaving the lecture, my plans to start my own business took on a few variations. Despite the fact that Bell's business doesn't directly relate to my business idea, his advice helped me tweak a few aspects of my own future plans.


http://www.albtechrva.com/