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What Starbucks Can Teach Us About Building a Business That Lasts

by Tracey Hrica Mar 31, 2025 | Share

Coffee on desk

There’s a common myth in the world of entrepreneurship:

“If I just have the right idea, success will follow.”

It’s a comforting thought—but not quite the whole story.

The truth? Ideas alone aren’t what build strong, sustainable businesses.

Structure does.

Let me share a real-world example from someone who turned rejection into results—and changed how the world drinks coffee in the process.

The Story of Howard Schultz (and 217 Rejections)

Before Starbucks became the global brand it is today, Howard Schultz had a dream:
Bring high-quality, Italian-inspired coffee culture to the U.S.—something more than just a quick caffeine fix.

He believed in his idea so much that he pitched it to 242 investors.

Only 25 said yes.

That means 217 people told him “no.”

Most couldn’t see the vision. They didn’t think anyone would pay $4 for a cup of coffee.

Now, here’s what I love about this story:

Howard didn’t just keep repeating his pitch louder.

He pivoted with intention.

He started building the business behind the idea—investing in systems, processes, and the support he needed to bring his vision to life.

And it worked.

Starbucks became a household name not just because of good coffee—but because of solid business foundations.

The Lesson? Great Ideas Need Great Structure

I share this story because I see so many passionate, talented small business owners fall into the same trap:

They have a great product, a service they’re proud of, and loyal customers.

But behind the scenes? Things feel shaky:

  • Their books aren’t up to date
  • They’re guessing on taxes
  • They’re not sure if their business structure is helping or hurting them
  • And they feel like they’re one wrong move away from falling behind

It’s not a lack of effort—it’s a lack of structure.

The same kind of structure that took Starbucks from an idea to an empire.

What Structure Looks Like in a Small Business

You don’t need hundreds of investors or a global brand to set your business up for success.

You just need the right foundation:

1. Choose the Right Business Structure

Whether you’re a sole proprietor, LLC, or S Corporation, your business entity impacts how you’re taxed, how you pay yourself, and how protected you are.

Spoiler: the “default” structure isn’t always the best one. It’s worth revisiting as your business grows.

2. Track Income + Expenses Accurately

Messy books lead to messy decisions.

Clean, up-to-date bookkeeping helps you understand your cash flow, spot trends, and make smart moves—all year long. Not just at tax time.

3. Plan Ahead for Taxes

Tax planning isn’t a “later” thing.

If you’re only thinking about taxes in April, you’re likely leaving money on the table (and dealing with way more stress than necessary).
Estimated taxes, deductions, retirement strategies—it all adds up when done proactively.

4. Get Help When You Need It

Yes, you could do it all yourself.
But that’s not the same as doing it well—or doing it in a way that frees you up to grow, rest, or enjoy your business.

Hiring a bookkeeper, tax pro, or financial partner isn’t just an expense—it’s an investment in your peace of mind and long-term growth.

Tax Day Is Around the Corner—Are You Ready?

Right now, you might be:

  • Still waiting to file
  • Unsure what forms you need
  • Not even sure what your numbers look like

Or maybe you’ve filed, but you know you need a better system before next season rolls around.

Wherever you’re at, now’s the perfect time to pause and ask:

Is my business built to support me?

Because at the end of the day, your business should work for you—not the other way around.

Let’s Build Something Solid—Together

At Century Accounting, we help business owners like you build smart, sustainable foundations.

That means:

  • Organized bookkeeping
  • Year-round tax planning
  • Entity structure guidance
  • And no more guessing games during tax time

Whether you’re behind, overwhelmed, or ready to take things to the next level—we’re here to meet you where you are and help you move forward.

📩 Reach out and let’s talk.
Even one small change today can make next season so much easier.

Final Thought

You believe in your business.
Let’s build the structure to help it believe in you back.

Tracey
Century Accounting

About the Author

Tracey Hrica

Tracey co owns Century Accounting with her husband Ken. They have served small business owners in Maryland and beyond for the last 35 years.

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