GPS For Entrepreneurs Navigating & Rerouting the Journey.

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Presentation transcript:

GPS For Entrepreneurs Navigating & 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 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: $30,000 Down Payment: $6,000 Monthly Rents: $1,000 Monthly Expenses: $500 (Estimate) Monthly Mortgage: $180 Monthly Cashflow (Profit): $320

Rerouting: Real Estate Investing Round 2

Rerouting: Black Rhino Consulting Started IT/Small Business Consulting Firm Began my 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

Free Book Giveaway First person to say how old my daughter is gets a free copy Also available for $13 on Amazon

Thank You!