John Schumann, Jr.; thoughts on entrepreneurship; loans; family

 August 7, 2023

Daddy and I talked about the newspaper, and the hat, and the salaries --- I was clarifying what I thought he had told me, which was that during the crash, at the end of the week, Granddad would put the money they had collected and put it in a hat, and everyone got a share.

Daddy said that a man from John's Island, Mr. Dobbs, was the son of the man who started Dobb's catering business, which catered to the airlines. This man was in his early 30's when the business became his and he grew it into one of the biggest catering businesses in the country. He sold it and then bought an auto dealership, which he and his nephews grew into a nationwide operation. 

This Dobbs (John?) said that the most important part of entrepreneurship was the start, meaning the start that his father had give him. Daddy said, "I got a start, and to some extent, Dad did." He wasn't sure how much Granddad's father was actually able to help him. He said, "We don't do things strictly on our own."

He said the beach paper he picks up had an ad from someone offering to help a person find the best loans. Daddy said, "The best loan is the one you don't take, although sometimes you might need one."

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