Date post: | 11-Jan-2016 |
Category: |
Documents |
Upload: | cornelius-grant |
View: | 215 times |
Download: | 0 times |
GPS For EntrepreneursNavigating & Rerouting the Journey
The Transformation
Who Are You?
• What is your name?• Why do you want to be an entrepreneur?• Have you started a business yet?• What is your biggest fear/challenge with
entrepreneurship?
Who Am I?
Choose Your Starting Point
Choose Destination
• “Option” to retire within 15 years• Lifestyle Design & Financial
Freedom• With starting point and
destination, draw initial planned route
Initial Map: Navigate to Stock Market
• Graduated from college• Got a “Professional Job” @
Paychex• Began investing in stock market
Failure
• Even after hundreds of hours of reading and studying the market, I lost money
• Realized that I would not be able to retire within 15 years
Rerouting: Real Estate Investing
Failure & Fear
• Didn’t purchase a duplex
• Ariana was afraid• Several tough
conversations• I spent $15,000 on
real estate “training”
Property Analysis: Duplex
Purchase Price: $30,000Down Payment: $6,000Monthly Rents: $1,000Monthly Expenses: $500 (Estimate)Monthly Mortgage: $180Monthly Cashflow (Profit): $320
Rerouting: Real Estate Investing Round 2
Rerouting: Black Rhino Consulting
• Started IT/Small Business Consulting Firm
• Began my Master’s @ Naz• Continued Purchasing Real
Estate
Failure: Selling Black Rhino Consulting
• Evaluated after 2 years• ROI on time and
money • Made decision to sell• Real estate bubble
burst
Rerouting: Wine & Liquor Store
Pause: A Much Needed Break
• Just like any long trip, sometimes need to take a break
• In 2013, we decided to take a break and enjoy life
• Spent time with family and optimizing our businesses
Rerouting: Online Marketing/Coaching
• New focus: help others achieve success
• Another stream of income
Looking Back: A Recap
Lessons Learned
1. Understand your “Why”2. Talk to your significant other.3. Understand it takes hard work and dedication.4. Business and goal planning are essential.5. Systematizing and outsourcing are essential for
growth.6. Continue learning and networking.7. Start today.8. Failure will happen. Prepare, accept and overcome.
Next Steps For Us
• Sylvester Enterprises: Continue acquiring property
• Warsaw Wine & Spirits: Grow inventory & revenue, expand
• Entreprenewlyweds: Continue coaching and developing informational products/courses
Notes, Summary & More Information
www.entreprenewlyweds.com/naz
Free Book Giveaway
• First person to say how old my daughter is gets a free copy
• Also available for $13 on Amazon