Patrick Delehanty, an entrepreneur with businesses like Delco Holdings and Express Redi Mix, shares insights on problem-solving and business sustainability in an interview.
He emphasizes the importance of calculated risk-taking in business growth and navigating challenges.
Delehanty points out the misconception of overnight success in entrepreneurship and the need for patience and resilience.
He views failure as a learning opportunity and stresses the importance of adapting and moving forward.
Mentorship plays a significant role in Delehanty's journey, both seeking guidance himself and mentoring others.
An unconventional skill he values in business is pattern recognition for spotting opportunities and trends.
Delehanty highlights the significance of strategy, timing, and relationships in addition to having a great product for business success.
Consistent execution of fundamentals is underrated but crucial for long-term business success according to Delehanty.
He advises on when to expand a business, emphasizing the need for a sustainable core, a reliable team, and market demand.
Delegating tasks and working on the business, not just in it, was transformative in Delehanty's approach to scaling his businesses.