Published April 26, 2008 07:23 pm -
Fort Gibson businessman compares business to chess: It’s all about strategy
By Cathy Spaulding
Phoenix Staff Writer
FORT GIBSON — Ryker Young credits risk-taking, diligence and persistence for his successful journey from a Fort Gibson farm, to the crest of the technology boom, to luxury homes in Hawaii, Idaho and Arizona — and back home again.
Young is founder, chief executive officer and president of Lone Oak Ventures, a Fort Gibson company that deals in luxury real estate, oil and gas development and local commercial development. The 4-year-old company also owns Y Bar Rental and Keith True Value Hardware in Fort Gibson.
The 1982 Fort Gibson High School graduate will share secrets to his multi-faceted success during the Greater Muskogee Area Chamber of Commerce CEO Breakfast Wednesday morning.
Chamber President Sue Harris said Young will be a good speaker because “he is a very successful businessman who has done things the right way.”
To Young, that meant working hard and working smart.
“The Book of Proverbs is one of the best books on being successful in business,” he said, adding that the book in the Bible talks about getting wise counsel.
He said success comes from “the diligence of making good decisions.”
“I took time to make good decisions,” he said. “Over the last 20 years, the days of taking a job and being in there for 40 years is not the way markets have handled themselves. If you are going to go on the fast track, it has to be by taking chances, being decisive. This is not checkers, it’s chess.”
Young said chess involves strategy.
He also compared success to knowing when to walk through the door.
“Too many times, we don’t get out of our chairs and see if the door is open,” he said.
On the other hand, he said, “If the door is locked, it’s locked for a reason. Leave it and move on.”
Success also comes by seeking help from the right people, he said.
“It is defining your mentors and partners,” he said. “It is reaching out and asking a lot of questions. I like to say that I listen to what my gut says, but I want it to be validated.”