Today, the entrepreneurs aren't satisfied just to raise their families. So they know what to do to leverage money. But the single biggest reason why they aren't successful in business is they don't understand the work effort. They don't know how much work it takes. Business ownership is encouraged in Eastern cultures, but it is not glamorized.
Children often grow up watching their parents struggle to keep the family business afloat.
It was such memories that made Ruby Caffrey, Tom's wife and president of SMF Systems Corp., resist the idea of hanging out her own shingle. We didn't suffer. We got by, but it wasn't easy for him. Tom Caffrey, who grew up in the projects of New Jersey, also had no intentions of running a business. The son of an Irish-American military officer and a Japanese immigrant mother, Tom came to California to work for a software business, one he reluctantly took control of.