Small Business Today Magazine OCT 2015 TEXAS SECURITY SHREDDING | Page 12

COVER STORY have always been very important. They had to work on projects with me as they grew older. I took them to work with me. If I needed an extra hand for driving a shred truck, I’d ask my son or my husband to help. My daughter would help around the office.” 1. If you’re going into business for yourself, make sure you understand the economics and the markets. Understand the company, the type of business you want to own, what your market share is; and understand your competitors. Through Patricia’s gifted abilities in staying attuned with current business trends and developing harmonious relationships, Texas Security Shredding will continue its consistent growth, all the while staying in the pink. A perfect example of Patricia staying in harmony is how she cares about understanding the needs of the new, millennial workforce and makes a point in asking her children their opinion. She explained, “What the Millennials want is not what you and I wanted. They really focus more on living life every single day; living in the moment. They may be right.” With Patricia’s continued leadership, both as President and CEO of Texas Security Shredding, and as a creative force for good with Shred for Komen, the beat goes on! 2. Have all the appropriate corporate government documents in place, particularly if you have a partnership with somebody else. Have it signed and agreed, especially who’s going to run the company and how’s it going to be managed. Without that, you’re doomed for failure. Photo by Gwen Juarez. 3. Owning your own business is the only way that you can build wealth. You’re never going to be wealthy working for someone else. I always liked the latitude of being able to take care of my children when they needed to be taken care of and not feel bad about it. Even though I work long hours managing my business, they always were able to understand that too. By my example, I’m hoping both of my children will start their own businesses. 4. Personal money financed me. But today it’s harder to get money than it’s ever been before. Having a good line of credit well before you will need it is always a good idea. W [