Power User Spotlight: Information and Research is Essential
by JimD, Former Moderator
- Created: November 12, 2010, 11:11 am
a 23 year career primarily focused on restaurant and retail development
throughout the United States,
Tony Ozelis started his own small business, Location Island.
Location Island is a web-based educational magazine that helps small business
owners learn about commercial real estate development. Tony is continually
learning and feels that the more information and research you have the better
off you will be.
interviewed Tony, also known as LocationIsland
in the Community, for some insight into owning and running a small business.
did you start your business?
It all started a few years back when I
started writing a book. It was a guide for the small business owner with some
best practices from larger organizations. I felt larger organizations had an
unfair advantage over small business owners. Many small business owners are a
one-man-show trying to balance and do everything. The learning curve can be
steep, whereas larger businesses hired people with specialties. Small business
owners need a crash course of everything and I was a least starting to develop
When I actually started my business, it
was out of necessity. I had lost my job and being over 50, I had to do
something. I turned my book into what is now my website. I have then been
adding to it ever since.
are some resources that you have found the most useful for building your small
I do a lot of research. Many of my friends
consider my business my life-long thesis. If you walk into my office on a regular day, I
have two laptops and an iPad out.
thing that I was surprised to find when I was starting was government websites.
These had much more relevant information that I expected. Specific websites
that I found very helpful were IRS.gov, Census.gov, Energy.gov, and Business.gov. I figured that I am already paying for
these resources with my taxes and I should be taking advantage of them.
Not only did the websites give me a lot of
good information, but also I have actually called some of these departments. I
have talked with people and they gave me exactly what I was looking for. I
challenge people to find better resources.
you had a great career mentor? How do you suggest finding one?
I have been lucky enough to have three
great mentors throughout my career. Finding them is probably the most difficult
part. I worked for a larger business and was able to meet people and start
relationships, but lifelong small business owners have it much more difficult.
Small business owners need to go out and search out a mentor. Some of the best
places would be SCORE, Business.gov community, or other social media sites like
Mentors are all about sharing knowledge,
experience, and ideas. Therefore, you need to find someone who you feel is compatible.
After you know where to look, finding a great mentor should be too difficult.
your opinion, what is one thing all small business owners should know?
Small business owners need to know their
customers. Customers are always changing. If you assume you know your
customers, chances are you are probably wrong. There is no formula of figuring
your customers out, but if there were, it would create the opportunity to miss
is your greatest accomplishment?
My business. I love being able to help
people. I have been teaching what I do for a long time and I have been able to help
many people. My website pulls together many resources from all over. I have
experts writing blogs, compiled data, and resources from across the web. I put
a lot of myself into my business and I take it personally. I love what I am
Date Registered: May 10, 2009
Total Messages Posted: 38
Total Kudos Received: 99
Except when specifically noted, any views or
opinions expressed on the Business.gov Community forums, blogs or
member-contributed resources are those of the individual contributors. The
views and posted comments do not necessarily reflect those of the Business Gateway
Program Office, the U.S. Small Business
Administration, partner agencies, or the Federal government. Information on the
Business.gov Community site is provided as a service to the Internet community,
and does not constitute legal advice. Business.gov aims to provide quality and
accurate information, but we make no claims, promises or guarantees about the
accuracy, completeness, or adequacy of the information contained in or linked
to by Business.gov. Since laws and regulations change frequently, nothing
provided herein should be used as a substitute for the advice of an attorney
Top Rated Articles
About This Blog
News and happenings in the SBA Community