Today’s episode is a special one! In episode 198 of Journey to $100 Million, Erik talks about a VERY special entrepreneur: his father, Larry Olson – and today is his birthday!
Erik’s father, Larry, was an entrepreneur for years after his service in the Air Force. Once he retired from the Air Force, Larry found a franchise that he bought into and then opened a video store by the name of West Coast Video that Erik worked at while in high school.
Larry eventually opened up a second store and needed help with all the inventory he had bought for the opening. Erik decided to help and took on the job of matching up the loads of VCR boxes with the actual videos (as we know back in the day they were separated in the store to prevent shoplifting.)
This was a very big task and every day Erik would get some friends together and go line up the boxes one by one and start matching them together. It took weeks to get this finished, but it ended up being a lot of fun for Erik and taught him a lot about hard work and meeting deadlines.
Larry would work until 11 PM at the store and then arrange the accounting books until sometimes as late as 2 am. He did everything for these video stores. It was a lot of hard work, but Larry persevered and always succeeded! Seeing all his father had done, Erik was shown what hard work really looked like and he learned a really big lesson about entrepreneurialism early on: you have to find people to trust and just let them do their job so you can focus on other parts of the business!
“I’m really proud of you Dad. It’s your birthday so I wanted to give you a special shoutout. Larry Paul Olson – Happy Birthday! I love you”