Jun 23, 2020
The June series “Men & Money” is continuing with guest Shawn Hames, CEO of iDeal Floors. After graduating from high school, Shawn decided to take his future in his hands by working his way up the company business instead of going to college. He jumped in with both feet to start learning everything he could about the company from the ground up. Don’t think he was handed some cushy job as the owner’s son. He now appreciates that his dad never handed him anything and made him work for every dollar he earned.
In 2019, Shawn and his sister bought the company which has grown to include six locations while doing $13 million in annual revenue.
Today Shawn will share with us more about the lessons that he’s learned in business and finance.
In This Episode We Discuss:
- How Shawn learned work ethic and the value of money.
- The difference between revenue and profit.
- Why you need to acknowledge that you don’t know everything.
- The importance of self-education, finding mentors, and learning from those that know more than you.
- What to remember when trying to obtain a business loan.
- Why you and your partner need to be on the same team when it comes to your finances.
- How Shawn is teaching his own kids about finances.
You can check out Shawn’s business here: https://www.idealfloors.com/
If you’re interested in exploring options to get your finances in order: http://worth-winning.com/