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Richard Stanley and
Joe Wasserman tried to quit. They came separately to Great Barrington to relax,
retire and, perhaps, fiddle around real estate and whatever caught their fancy.
They met while attending a town meeting, and as entrepreneurs will do, they
talked about their dreams for improving Great Barrington's historic business
district.
Now you see what
became of their first meeting. Richard and Joe couldn't retire, and no one
should have a goal to retire. Sure, you want to change. Sure, you need a new
challenge. Oddly, the AARP brags about being the biggest association in the
world and about being the largest advocacy group in Washington. However, when
people who don't work claim to have the biggest voice, something's very
wrong.
All but one of us
at SMALL BUSINESS SCHOOL are baby boomers. Then we have one 23-year-old. No one
here thinks about retiring. It's not good for people not to have work. And it's
not good for the country for our most experienced individuals to leave the work
force. The great thing about working for yourself is that no one can make you
quit. We have studied a number of way- past -retirement-age entrepreneurs.
We've learned a lot from them and from Richard and Joe. But I think the
greatest lesson is they are all smart enough not to retire.
Topic for Discussion: Does success in
business have anything to do with age?
POSSIBLE ANSWERS: No. Members of the over-
sixty crowd who start businesses in fields related to their life experience
have a very high success rate.
For
example, Bob Dole worked in the federal government for decades. Now he
has a law practice and he advises those who do business with the
government.
Joe
has always built public spaces and Richard had dealt with hundreds of real
estate deals while in the hair salon business. Even though neither had ever
owned a movie theater, they see themselves more as developers than theater
owners.
You think about
it.
TOPIC FOR
DISCUSSION: Why did Richard and Joe join forces to build the Triplex?
POSSIBLE
ANSWERS: Because retirement is not what it is cracked up to be. They were
both bored. Michael Novak in his book Business As A Calling; Work and the
Examined Life says, "The after-taste of affluence is boredom." Also, both
Richard and Joe are visionaries. They could look at the fire damaged building
and visualize what could be. They knew that parking would be available at night
and that access to the back lot could be created. The town needed something to
bring the nightlife back. They saw a need and filled it.
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