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Entrepreneurs told to 'burn the ships' page 2
Business Sense column

Date published: 1/13/2013

By Bill Freehling

continued

McCommons and his business partner, Mark Doherty, practiced what they preached, quitting their jobs as teachers and coaches at Colonial Forge High School in the mid-2000s to start Foundation Companies, which buys, sells and rents residential and commercial properties, as well as MacDoc Realty. They have experienced a lot of success with real estate amid a housing market that has been less than stellar, to say the least.

McCommons made some other points this past week that should prove useful to entrepreneurs. He advised the audience to know what they are working for, to delegate tasks when the type of work is not a good use of their own time, and to work extremely hard but carve out uninterrupted blocks of time for fun and family.

Those interested in reading more from McCommons now have an easy way to do so. He recently started a blog on real estate investing at jeremymccommons.com. One of the posts is about burning the ships.

Staff reporter Bill Freehling writes this biweekly column on business, personal finance and investing. He can be reached at 540/374-5405 or
Email: bfreehling@freelancestar.com.


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