On Monday, February 5, 2024, the Daviess County CEO class had the unique opportunity to step into the world of Tee’d Off Golf, where they engaged in a valuable conversation with the owner, Ron Walden. Ron, a seasoned entrepreneur, shared insights and advice that left a lasting impact on the aspiring business leaders.
Ron began by emphasizing the inevitability of surprises in the business world. He stressed the importance of being adaptable and open to making adjustments when necessary. Drawing from his own experiences, he highlighted that in the dynamic landscape of entrepreneurship, flexibility is key to overcoming challenges.
The CEO class was encouraged to seek help when needed. Ron emphasized the significance of collaboration and learning from others. He shared that his journey into the golf business was made possible with the assistance of his son, showcasing the power of networking and support from those around you.
One of Ron's key pieces of advice was the importance of planning for the unexpected, akin to preparing for a rainy day. He urged the students to be proactive in anticipating challenges and having contingency plans in place. This foresight, according to Ron, is crucial for sustaining a business through unforeseen circumstances.
The CEO of Tee’d Off Golf also highlighted the vital role of leadership in supporting and empowering a team. Ron underlined that a good boss stands behind their employees, recognizing that the success of a business often hinges on the dedication and competence of its workforce.
Sharing his personal journey, Ron disclosed that although his childhood dream was to become a pilot, circumstances led him into the golf business. Despite initially lacking knowledge about golf simulators and running such a business, he invested time and effort into research, demonstrating the importance of continuous learning in entrepreneurship.
Addressing the students, Ron touched upon the significance of valuing professional relationships. He advised them to recognize the impact of their networks, emphasizing that who you know can often be as important as what you know in the business world.
Lastly, Ron advised caution when it comes to borrowing in business, advocating for borrowing only what is truly necessary. This financial prudence, he explained, ensures a stable foundation for the business without unnecessary financial burden.
As a gesture of gratitude, Ron allowed the class to experience Tee’d Off Golf firsthand, providing them with the opportunity to try out the golf simulators and take a swing at a few golf balls. The visit left the students inspired, equipped with practical insights and a newfound appreciation for the intricacies of running a successful business. Thank you Ron for your insights and hospitality.