Discuss about the Tony Denny for Entrepreneurship, Ethics and Good Society.
The world needs creative entrepreneurs who come with ways of surviving and earning a fortune, Anthony Denny is that kind of a person (Lechner, 2014). The business world is full of advantages and risks. A business guy must face the two sides in one way or another. There is no point where a successful entrepreneur can lie and say that he/she has never undergone financial crisis at one point. The important part is how one makes decisions when there are a financial crisis, and there are high-profit margins. The decision made during those two periods determine the future of the business. Poor decisions can lead to massive losses and failure of the business, and that’s where most people are lying. In business, there is the need for advice and support. One can’t fully depend on self. Other people have been in the field before, and since experience is a teacher, they know more and have a lot to teach. If an upcoming entrepreneur fails to heed the advice, the rate of failure is always higher than the rate of success. However, passion towards the dream is the important point. People should do business in which they are passionate about, if it is car dealership like Tony, then follow the field. Anthony Denny is in simple terms a successful entrepreneur, and everyone should copy the skills and characters.
He was born and raised in Poland where he graduated with a horticulture degree from college. In his background, the parents were not serious entrepreneurs as he is now. They wanted what other parents always want, read and get employed. However, their son had a very different perspective on life and had to follow his dreams because he discovered he was not meant to be in the gardens forever. It shows that he was passionate from childhood. A fresh graduate is leaving certifications and starting a business in a small room where he didn’t know if it will succeed or not was a greater way to show he does not only dream but does what he dreams.
Anthony started by selling second-hand cars and land division. He did this business for some years then later went to the US to start importing cars to Europe. In the early 90’s that’s when he founded the company AAA (Wagner, 2017). He started a dream and followed it to the end. At the time of starting the company, he was alone with one employee and later the company developed to a point it employs over 3000 employees. A company that started by selling one second-hand vehicle to date sells over 50,000 vehicles a given financial period. The main company center was in Prague but as years progressed they grew, and other branches were laid in other parts of Europe. There are over 40 branches of the AAA Company. There have been a lot of achievements and ranks since the start. They were ranked among best Czech companies with over 1300000 clients. Other achievements were being among the biggest companies in the Czech Republic.
An entrepreneur is the one who finds a gap in the market, fills the gap by providing the product or the services and is always ready to incur any risks in case of any (Shirokova, 2016). Tony fits that description. He had a degree, but that did not hold him from filling the gap he saw in Europe. He was a guy with no experience but left the path to employment and pursued a risky business. He understood that ideas were first even before capital. The guy is as ready for anything to make sure that the business was there to stay and expand within the shortest time possible to be multimillionaire company. In such moments, support is always limited since people view some ideas like his as stupid, this shows he was strong enough to come to the world and market his product and try his best. In case of challenges experienced in a startup company, he never gave the vision and the passion he had towards cars. He is a risk taker who believes in what he does best.
Based on the type of entrepreneurs, Tony is a trading entrepreneur. He finds a gap in the market, rushes find the product to fill that gap and satisfy the clients. The gap here is the needs of cheap cars in Europe for those who didn’t afford new. He imported and then did a resell. That’s trade.
One of the talent well illustrated in his life is the ability to believe in himself. The guy started a company from the dust with nothing. He had just a university degree for that matter. He was able to concentrate in his dreams and never listened to what others said since the talks revolved around failure.
He was a risk taker. A graduate is a young youth who is hungry to be employed to get money, to be independence, this was not his case. Tony dream was big, starting a car industry which could have gone in the wrong could have led to losses. Taking the stem of ignoring employment and venturing into business was also a risky decision.
Anthony is a critical and creative person. At a young age, Anthony checked and found a gap in the market that no other person had discovered. That was highly creative. He did stop at this point, went ahead and tried to establish contacts in other countries like the US. He saw a chance of getting a car at a lower cost and transporting them to Europe and earn a living from the deal. He understood that in business, there is the need of networks which helps in times of losses and also when it comes to business advice.
Shortcomings in life are mandatory (Parker, 2017). He did not have a very smooth life though he made a multimillionaire company. Tony at one point faced death threats by the Russia mafias because of selling second cars in their territories. They wanted business collaboration in which their main interest was to control the business. Tony took a dangerous but a lifesaving path and refused the deal, and they just walked away from the premises.
Since losses are a must in business, he and the company once suffered a financial crisis. The financial year led to losses since the business was bad. Some of the company branches were shut down but later reopened, but it was under different management. Anthony decided to take the company to initial public offering (IPO) and wash his hands from the company management. They did wait for two months before getting a company to accept their deal. However, he never sold all the shares; he still has 23% of the shares.
Tony has got some temperaments that have become part of his life. One of them is the ability to be humble no matter the wealth. The guy was born in the humble background where he did not access the millions of money that he owns. After earning a fortune, that humility did not change; he continues to visit his old place at the coast. At one point he said that he values character more compared to wealth. He preferred his old home at the coast because people at the place valued character more than money and that’s why he loved the place. That showed how much he loved being humble considering his worth.
Anthony is a born risk taker. If he took the risk of venturing into the unknown business environment, then the guy can risk and risk. Furthermore, the risk-taking didn’t end at that point; he even risked his life by not coming to terms with the Russians and the way other people fear these guys. That’s a temperament that he is deep inside him till the end.
Tony is a person who possesses almost all the EO qualities in entrepreneurship. He has got excellent managerial skills. He runs the AAA Company from scratch for years which led to a lot of achievements (Engelen, 2015). Not all people could have done all these by himself. The progress of the year when he was in leadership was evident. The company emerged in the list of the biggest companies in Czech, the number of customers rose from tens to hundreds of thousands. The Company coverage started as a small area, and after years the company had branches in most parts of Europe and all up and running. He eliminated many businesses in his regime to the point of being threatened to death. His managerial skills are to date exemplary.
The other EO qualities that are now common are the risk-taking, innovative and creative. As discussed earlier, he took risks from childhood to adulthood. During his management period, he was innovative and creative enough to know where large markets are located in Europe and where cars were bought at reselling price, taking to consideration even second-hand cars which are not easy to locate. He was creative enough to sell the company during a period there was a financial crisis because he knew he was unable to control the situation. He knew that it was a matter of time and all his hard work would have come to an end. He did not sell the company fully; he still had shares in the company so that he can make sure he stills has to influence in decision making to make sure the company lives to give services to its clients.
In business, motivation is required since there a lot of obstacles along the way that can make a person scramble (Denny, 2016). Tony understands this, and one of his motivational factors is that he knows he was destined for succeed. He is a person who believes in success only and not anything below success. In everything he does, he believes in positive outcomes. He explains that positive thoughts lead to positive outcomes while vice versa is true. He believes that if he did t from the start, there is nothing big that he cannot achieve. Tony suggests and believes that no person was conceived a failure in life.
Family to Denny is motivation. At some point, he says his two children and the wife are his strength and motivation. The family looks unto him; this motivates him to work and work extra hard to ensure they live in a life they deserve to and also see a father like a figure who does not only have wealth but also character.
One of the behaviors that surprised me in Tony’s character is the ability to make decisions that are risky and end up still reaping big. It is almost very hard for a graduate to leave and forget his/her certificate immediately after graduation and then get into unknown business has no hope of getting money soon after establishment. Some businesses may take time before even paying for the first time, but when they do so, they do pay handsomely. The car and land dealership was that kind of business. The risk-taking the character in Tony surprises me and should surprise and be adopted by all people in the business field (Covin, 2014).
From the story and history of Tony, there are a lot that are confirmed about entrepreneurship. One is that one has to decide and take a risk. To get into business and leave employment is a hard decision that only the strong can decide to make. Another theory confirmed by Tony life experience is that employment can never make one rich, self-employment is the only key to being rich. Entrepreneurship also needs networks to survive and being hard to a point where one needs to make very hard decisions which have a cost (Burns, 2017).
From tony experiences, it is evident that success in business is a process (Brouthers, 2014). No one will ever wake up one day and become a successful entrepreneur; there is the need for hard work, determination, and passion towards the business idea. There is also the need of acting towards the goals not just dreaming. To become successful, very serious decisions are made, an example is leaving a $100,000 job to venture into a business one is not sure if it will succeed or not.
Being an entrepreneur means one will at one point make decisions that can lead to mistakes (Brenkert, 2017). At one point, the company faced a financial crisis, that doesn’t mean all companies in this field faced the crisis. The reason behind it could have been a simple decision made in the past under Tony’s management. A mistake is a must happen scenario, what matters is the solution. Tony made a hard but right solution by selling the company but at the same time retaining some of the shares to at least control the company’s decision to ensure it follows the right track.
During the early days in his business, he got contacts from the US which is a form of networking. From that point that’s when the business started to grow rapidly. He used to get cars from the US to import them to Europe. If he had not established teamwork and networks, this could not have happened. The tool used in almost all business is networking, and Tony was not an exception. He believes teamwork make people go far. He is a friend to prominent people like Donald Trump and Tomas the owner of the Bata business. These are among the strongest networks in the world. With such kind of people, who were in the business field before, advice will be there and other support like a partnership (Anderson, 2015).
In conclusion, Anthony Denny is a successful world entrepreneur who raised from nothing to something valuable. Starting a Company from scratch was not a small deal. It needed determination, hard work and a lot of risks too. Passion towards something leads to unexpected success in life. Life is not about books only but also experience in the outside world. Tony is a great example to the youths who think of starting something, but they are in fear of failure. Obstacles are a must in life but should be countered with strong solutions. Networking and teamwork are the tools a business needs to survive for a very long period in the market.
References
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