Three big ideas to grow your small business

Episode 88: Interview with Mitch Bolnick

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About Mitch Bolnick:

Mitch was born and raised in Skokie, Illinois, a Northern suburb of Chicago. Upon graduating with an MBA in 1985 Mitch was hired by GTE Network Systems in Chicago, Illinois as a financial analyst supporting their Information Technology department. Mitch worked for several successor companies over a period just short of 20 years, the final of which was Lucent Technologies.

In 2004 Mitch parted ways with Lucent Technologies and embarked on an analysis of business opportunities, developing several business plans in the process. The effort eventually led to the purchase of BCD Low Voltage Systems. Along with his partner, Mitch ran BCD until 2013 when it was decided to sell the business. After several months of transition Mitch parted the combined company on August 1, 2013.

3 big ideas discussed in this episode:

  • 80% of small businesses fail within the first 5 years
  • We need a paradigm shift in start-up/small business development
  • It’s about building structure

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