1 / 24

GPS For Entrepreneurs Navigating & Rerouting the Journey

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.

hank
Download Presentation

GPS For Entrepreneurs Navigating & Rerouting the Journey

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. GPS For EntrepreneursNavigating & Rerouting the Journey

  2. The Transformation

  3. 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?

  4. Who Am I?

  5. Choose Your Starting Point

  6. Choose Destination • “Option” to retire within 15 years • Lifestyle Design & Financial Freedom • With starting point and destination, draw initial planned route

  7. Initial Map: Navigate to Stock Market • Graduated from college • Got a “Professional Job” @ Paychex • Began investing in stock market

  8. 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

  9. Rerouting: Real Estate Investing

  10. Failure & Fear • Didn’t purchase a duplex • Ariana was afraid • Several tough conversations • I spent $15,000 on real estate “training”

  11. Property Analysis: Duplex Purchase Price: $30,000Down Payment: $6,000Monthly Rents: $1,000Monthly Expenses: $500 (Estimate)Monthly Mortgage: $180Monthly Cashflow (Profit): $320

  12. Rerouting: Real Estate Investing Round 2

  13. Rerouting: Black Rhino Consulting • Started IT/Small Business Consulting Firm • Began my Master’s @ Naz • Continued Purchasing Real Estate

  14. Failure: Selling Black Rhino Consulting • Evaluated after 2 years • ROI on time and money • Made decision to sell • Real estate bubble burst

  15. Rerouting: Wine & Liquor Store

  16. 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

  17. Rerouting: Online Marketing/Coaching • New focus: help others achieve success • Another stream of income

  18. Looking Back: A Recap

  19. Lessons Learned • Understand your “Why” • Talk to your significant other. • Understand it takes hard work and dedication. • Business and goal planning are essential. • Systematizing and outsourcing are essential for growth. • Continue learning and networking. • Start today. • Failure will happen. Prepare, accept and overcome.

  20. Next Steps For Us • Sylvester Enterprises: Continue acquiring property • Warsaw Wine & Spirits: Grow inventory & revenue, expand • Entreprenewlyweds: Continue coaching and developing informational products/courses

  21. Notes, Summary & More Information www.entreprenewlyweds.com/naz

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

  23. Thank You! tom@tom-sylvester.com

More Related