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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.

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GPS For Entrepreneurs Navigating & Rerouting the Journey

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  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

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