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How Harvard MBA Sold His Multi-Million-Dollar Business To Open Buzzy Farm

59 y.o. Daniel Price has always wanted to be an independent business owner. By age 25 he achieved this goal and became millionaire, managed different companies, but gave it all up. Today he is a CEO of beekeeping farm.

Photo: washingtonpost.com

Dan was born in Rockville, MD, in a family of entrepreneurs. His great-grandfather was a roadbuilder who always told that it’s “better to sell apples on the corner than work for The Man.” His grandfather sold whiskey and father ran an excavating firm in Washington.

If you have a real, burning desire, you should pursue the entrepreneurial path

The boy grew very ambitious and hard-working. He attended the University of Maryland and graduated in 1980 with an accounting degree. Dan has been into finances, business models and marketplace. But bees have always been his life passion.

I made conscious decisions in undergrad to pursue that life of trying to own and operate my own business,” Price says.

Photo: Sweetvahoney/Pinterest

He started working at accounting firm Arthur Andersen and immediately enrolled to Harvard Business School. Harvard would help to launch a business earlier and attract necessary capital.

Upon graduation Price partnered with two former coworkers to launch their own venture capital firm. They started from small investments to start-up companies, one of which was Discovery Channel and were highly successful.

The idea was to make some good for the world come out of this very special farm

But after a few years of working in the finance world, he felt out of place. Price says, “I wanted to be in the entrepreneur’s seat.” In 1991 Dan with his brother Tim launched  Send-A-Song Corporation, an interactive phone dialing company.

The brothers turned it into Price Interactive Inc. a few years later. The corporation included such companies as Contact Solutions, Helios HR and Xtone.

In order to raise capital Dan and Tim sold PriceInteractive in 2001. The deal was so successful that Dan could pursue his dream and bought the farm in Prince William County, Virginia, for $1 million in 2002.

If you have a real, burning desire, you should pursue the entrepreneurial path, I personally think it’s the most rewarding,” Price says.

Price turned his hobby of beekeeping to income-generating business. He says that bees are the most studied creatures on earth, second only to humans. “There’s something life-affirming and happy about those bees,” he adds.

Daniel Price on his farm. Photo: washingtonpost.com

At the age of 51 the businessman founded his nonprofit Sweet Virginia Foundation. The organization sells about 500 bottles of honey every year.

The entrepreneur says the foundation has sent around $100,000 to various charities, including Camp Sunshine in Maine. Children with life-threatening diseases and their families use the camp for recreation.

I haven’t followed a different career path but I know this one is very satisfying

Moreover, Price donates flowers from his farm to local senior citizens. Part of Sweet Virginia’s mission is to spread the knowledge about bees and nature. It has taught more than 10,000 local elementary schoolchildren about honey bees.

Last year Daniel acquired Brightstar Care. It is a home health care company that provides nurses and nursing assistants for the ill, elderly and those who need a little help.

Photo: gmu.edu

“The idea was to make some good for the world come out of this very special farm,” the former accountant said.

Price says he is glad and fortunate in the way things worked out for him.

“I haven’t lived another life or followed a different career path but I know this one is very satisfying,” he concludes.

Source:Washingtonpost, CNBC

Preview image: Washingtonpost, Pinterest

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