Phil Holland has been an entrepreneur throughout his adult life. His businesses have included building "spec" houses, the manufacture of automatic doughnut machinery, designing and building apartment complexes, restaurant franchising, doughnut retailing and the development and management of shopping centers.
In 1970 he founded Yum Yum Donut Shops, Inc. with just one shop and 5000 dollars which went on to be the largest chain of privately owned donut shops in the United States. He sold his interest in Yum Yum in 1989.
Starting after the Los Angeles Rodney King riots in 1992, Mr. Holland began conducting a free night course in Compton, California to encourage people to start new businesses. The course was designed to help entrepreneurs avoid the common mistakes many entrepreneurs make when starting out. With this beginning, a 501(c)(3) non-profit organization was formed, My Own Business, Inc. (MOBI). The goal was to help foster successful entrepreneurs worldwide.
During his conversation with eClips, Holland discusses his fascinating personal adventure in entrepreneurship and also discusses his decision to create My Own Business, Inc.
To hear comments from Phil Holland, listen to his interview in eClips.
To hear a sample, listen to Phil's comments on entrepreneurs and cash flow below: