Never Too Young To Get The Business Rolling

Image source: autosphere.ca
Image source: autosphere.ca

Young people taking the helm of companies and leading to meteoric seem like a modern tale tied to the twenty-something tech moguls heading successful concept businesses that grow practically overnight. Such stories were virtually unheard of before the 1990s when the pace of business was slower. The success stories then, however, were no less impressive.

At the age of 18, Fred B. Barbara took the reins of his own trucking business and embarked on the direction of gradual and upward growth. Once comprising a single truck, the business under Barbara’s watch grew into a company into a multimillion-dollar enterprise over the course of two decades.

Barbara had experience on his side. Coming from a family that has been in the trucking business for at least two generations, he began his entrepreneurial journey working as a junior mechanic and as a driver in the family trucking business. Later starting his own business with only a single truck to his name, he quickly grew and diversified his holdings. By the time he sold the company in 1997, it had boasted of a fleet of 150 trucks. In that timeframe, he had also founded several successful companies in the sanitation and recycling.

Image source: forbes.com
Image source: forbes.com

Barbara’s success is due in part to his commitment to finding new opportunities for diversification and innovation and his commitment to employee welfare and excellence. He credits his employees with helping his business grow to that point; likewise, his employees were often more than eager to work even in adverse conditions. Innovation also led to key investments in new technology, which had allowed his recycling and shredding enterprise to stay competitive.

Barbara would soon find his true calling in investments. Today, he has made triple the amount from the sale of his business. In addition, he sits on the board of directors of several companies.

For more updates on Fred B. Barbara’s lines of expertise, visit this blog.