Entrepreneurship Founders

Rick C. Farr, PhD

Membership Information:

Member Status: Gold
Member Since: 1993

Employment:

Company: Retired
Location: Utah, United States

Expertise:

  • Business startup and growth, business management and strategies, and marketing

Biography:

Dr. Rick C. Farr is an entrepreneur who has "volunteered" part of his time and efforts in the capacity of Assistant Director to the Center for Entrepreneurship in the Marriott School of Management at Brigham Young University. He received his M.B.A. from the University of Southern California and both his B.S. in Economics and his Ph.D. in Business Education from Brigham Young University. Rick has also been an Entrepreneur-in-residence at UVSC. He serves on a number of non-profit and for-profit boards in Utah. He has been instrumental in establishing six new-to-market high tech companies with a present combined sales volume of over $150 million dollars. He has had extensive experience in both domestic and international business development, marketing, and sales. He has performed within a variety of corporate environments ranging from small start up companies to such large companies as Xerox Corporation and Avery Products Incorporated. Rick was one of the initial founders of the Utah Angles, a group of Independent Financial Angles supporting Utah Entrepreneurs.

Management Philosophy:
Hire good people. Assign responsibility. Delegate total authority. Stand back and let it happen.

Personal Philosophy:
Man and woman's basic purpose in life is to experience the joys, happiness, trials, and tribulations that come their way during this worldly journey, and to learn and grow from these experiences. Furthermore, as they make their way, they have the opport Unity to help others. Ninety percent of the fun and 10 percent of problems come from the getting of things-- 90% of the problems and 10% of the fun comes from the having of things.

Family Profile:
Two children.

Hobbies and Interests:
Motorcycling, Traveling and stamp collecting.

Favorite Book:
Zen and the Art of Motorcycle Maintenance

Favorite Movie:
Star Wars

Favorite Scripture:
D & C 122:7

Favorite Food:
All

Favorite Vacation Spot:
Almost anywhere we have not been, doing things we have not done before.