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11 Entrepreneurs Who’ve Defied the Odds

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Heading into 2020, I was enthralled to have been recognized as one of the world’s top five women fashion influencers and eagerly anticipated the launch of my BOLDTV series, featuring inaugural guest and New York Fashion Week creator Fern Mallis.

Fast forward to May 2020, and like millions of others around the world, I’ve transitioned to conducting business online. That’s meant interviewing prominent subjects remotely rather than in BOLD’s NYC studios before readying the shows for online visibility.



But there are so many entrepreneurs who have risen to the current challenge and found ways to keep their established brand or product in place, and in some cases soar even higher.

In no particular order of preference, here are 11 such individuals, each of whom has typified that determination to beat the odds in the face of an unimaginable obstacle.

Ashton Henry, Founder/CEO, Ashton Henry Financial

In a recent conversation, Henry told me he considers the pandemic both “a gift and a curse.” Before, his business relied on meetings and social interactions by a nationwide team of agents. But in recent weeks, he has taken a tactical approach by focusing on solutions, expanding his company’s reach with online webinars and meetings, consequently recording the largest growth in its history over the last four weeks.


Sergio Mariscal, Automobile Expert/Journalist

Mexican entrepreneur Mariscal has built a business around the auto industry, including test-driving cars and filming them for his weekly TV show. However, since television productions have shut down, funding has taken a hit. To adapt, he has had to turn to innovative ways to remain the authority in the auto-journalism world, such as repurposing older episodes of his show, conducting Zoom interviews for his audience and investing in new production equipment for his podcast.


Related: How 1 Franchise Company President Makes Better, Faster Decisions During Uncertain Times

Brian Armstrong, Co-Founder/CEO, Coinbase

In March of this year, as signs of an economic recession began to flourish, the San Francisco-based crypto exchange company witnessed a sudden surge of traffic, at one point processing more than $2 billion in volume in a span of 24 hours. Armstrong has stated that the reliability and scalability of systems are crucial in a volatile economy, underscoring how robust internal processes and engineering systems are the need of the hour.

Huy Nguyen, Founder/Owner, AMS ColdPro and Cargo Crew

Nguyen’s advice to any struggling business is to always to have a positive mindset. In his own words in a recent interview with Entrepreneur, he was hopeful that, “One day we will look back at 2020 and tell ourselves: If we made it through that, we could make it through anything.”


David Zhao, Managing Partner, NXT Group

Among NXT’s properties is the Mongolian restaurant chain Chubby Cattle, which has opted to move with the times by ordering the temporary closure of in-house dining. The business transformed its operations strategically across its locations in Philadelphia, Denver, Dallas and Las Vegas, now offering hot-pot delivery options in line with government-issued stay-at-home directives.

Ernesto Gaita, Co-Founder/Creative Director, Neighbourhood Creative

With current consumer behavior projected to affect business for everyone in the long-term, the company — led by Gaita — formed Brand without Border, offering essentials tools to startups and entrepreneurs, and launched a podcast to embed positivity among startups.


Mark Neilson, Regional Manager, American Income Life Insurace Co.

During the pandemic, it became uncertain how the San Francisco-based firm would adapt to virtual selling. The transition wasn’t 100 percent smooth, as the team had to initially work a whopping 12-15 hours a day. But that early commitment paid off, as Neilson’s agency recorded April as its most productive month ever, with more than $1 million in gross sales.

Chase Campbell, Founder/CEO, Size Up Apparel

The retail shutdown took an immediate toll on Campbell’s brick-and-mortar stores, which is why, in an interview, he shared that ecommerce is going to be even more crucial in the age of social distancing. “If it wasn’t for our ecommerce platform,” he says, “we would be in an unmanageable situation until we are allowed to reopen.”

Karishhma Mago, Founder/CEO, Facilius Inc. and Digital Nod

With people staying home, higher internet traffic has translated to more business for digital-age entrepreneurs like Mago. Specializing in augmenting online brand presence, Mago took the crisis as an opportunity to launch an affiliate program for agencies, slashing margins but enabling multi-fold growth to them and, in turn, to Facilius. The agency, based in Michigan, has seen revenues skyrocket, with the company cashing in more in April than all of Q1 combined.

Jeff Sekinger, CEO, 0 Percent

Sekinger’s 0percent.com started a partnership program that saw clients offer consulting services such as insurance and credit repair for free using the company’s existing team and marketing materials. The partners do business with their clients via a designated link and are paid a residual income. His clients have profited greatly from this partnership, which has become a lifeline for them and their families in these trying times.

Stephen Liao, President, SL Holdings Inc.

Millions of people are jobless and struggling financially at the moment. That is where Stephen Liao’s SL Holdings Inc. comes in. His offerings are growing increasingly popular, with people availing themselves of his consulting services to gain substantial knowledge on all things credit. Liao’s recommendation is that businesses explore different digital avenues, including varied social media platforms like Onlyfans and TikTok, where his earnings are clocking six-to-seven figures monthly.

Related: 5 Tips for Recognizing a Meaningful Business Opportunity When You See It

Hopefully, these examples offer some encouragement and guidance, and best of luck to everyone keeping their businesses, brands and aspirations alive.

Related:
11 Entrepreneurs Who’ve Defied the Odds
Free Webinar | May 27: How to Increase Sales and Find New Customers While Working From Home
4 Ideas for Actually Pivoting Your Business Right Now

Copyright 2020 Entrepreneur.com Inc., All rights reserved




This article originally appeared on entrepreneur.com



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TML announce launch of new residential Lumi products

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Steve Griffiths TML





A new, Lumi-branded, residential product has been launched by The Mortgage Lender, following a rise in demand from borrowers who have been financially impacted by the pandemic.

TML say that the range is available up to 75% loan to value, across four Lumi categories and caters for customers with defaults, CCJs, and mortgage arrears. It also offers enhanced credit criteria for unsecured arrears, bankruptcy and payday loans when compared to TML’s core range.

Lumi products are available for employed, self-employed and complex income applicants. The minimum loan is £25,001 and the maximum loan is £1m with rates starting at 4.98% for a two-year fix and 5.29% for a five-year fix at 70% loan to value.

Steve Griffiths, The Mortgage Lender sales and product director, said: “Now more than ever lenders need to have criteria that caters for a wide range of customer circumstances and recognise that the last 12 months has been financially difficult for many people.

“Our Lumi range, which is available through specialist distributors, takes a pragmatic approach to the real-world experience many of our broker partners are presented with when they are sourcing a mortgage for their clients.

“It offers fair rates combined with a flexible approach to underwriting that provides a stepping-stone for home-movers or those remortgaging and, in some cases, credit repair.”

Doug Hall, 3mc director, adds: “We are seeing increasing numbers of customers whose financial situation has been impacted by the Coronavirus pandemic who need products that are appropriate for their circumstances now.

“Through sharing our knowledge and challenges with lenders, like TML, the specialist lending sector is proving it can meet those needs in a responsible way. The launch of Lumi is great news for brokers and customers. It shows lenders are listening and able to respond to the market, improving customer choice and competition.”

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how to boost a bad credit rating

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HOLLAND, Mich. — Your credit score is just a number, but it can make a difference in your ability to get a loan, house, or even a job ,and after a tough year for finances, now is an important time to pay attention to your score.

“You need to have options, and you need to be able to have access, and all of that boils right back down to your credit score,” says Bree Austin-Roberts, a credit expert and founder of Lakeshore Credit Management and Repair Services in Holland. “I think it was a reality check for a lot of people to saying, ‘Hey, it’s time for me to start thinking about my financial situation.’”

Bree’s story is similar to so many of her clients. A few years ago, before she founded her credit repair business, she and her family were evicted from their apartment. Searching for a house and facing homelessness, Bree noticed a similar roadblock everywhere she looked.

“The credit became a problem,” she said. “It always boiled back down to the credit.”

Bree buckled down on payments and in no time had raised her credit score enough to move her family into a home and start up her business. Now helping others achieve the same success, Bree says a few simple adjustments can make a big difference. Her first call was to the three major credit bureaus to check the accuracy of her score.

“Like 80 percent of people in the United States have something that’s inaccurate on their credit report, but a lot of people don’t know because they don’t monitor their credit.”

So start by checking with TransUnion, Equifax and Experian on the accuracy of your score.

If you’re having a tough time making payments this year on bills or installment loans (which Bree says you should always have at least one of), try contacting your creditors to see if they can delay payments or work out some sort of payment plan that works for you.

“Directly related to the pandemic, a lot of lenders are being very lenient,” said Bree.

In addition to making all your monthly credit card payments on time when you can, Bree says it also matters how often you use your credit card, and on what. She says most repair experts will recommend you keep your card usage below 30 percent, but Bree recommends a lower limit for her clients.

“When you’re in the building process, you want to keep it 10 percent or below,” she said. “If you’re planning on making a major purchase in like 30 to 60 days, you probably want to keep your credit card balances between 1 and 3 percent.”

Other tips include becoming an authorized user on a loved one’s credit card. If they have good credit, spending responsibly on their account could help boost your score faster. Just have them ask their bank or credit union about adding you as an authorized user.

You can also open a secured card on your own. A secured credit card is essentially a prepaid card that ensures you don’t miss payments.

And remember: no credit doesn’t mean good credit. Lenders want to see you can responsibly handle debt.

“Having something to report is positive, but it’s the amount that reports that shows your credit worthiness,” said Bree.

What it boils down to, Bree says, is having good habits and sticking to them. Building or rebuilding credit is a marathon, not a sprint, and Bree says patience is key.

“I was never always a credit expert. It was trial and error,” she said. “I have been there before, and it doesn’t take much to end up right back there again if you’re not budgeting well–if you’re not being credit conscious.”

You can reach Bree at [email protected] or on her website or her Facebook and use the hashtags #lakeshoreCredit and #CreditQueen to join the conversation with her.

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Adam Reich On His Journey From A Bodybuilder To Building His Own Empire And Making People Financially Independent

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Adam Reich

Adam Reich was born on December 17th, 1985, and brought up in Long Island, New York. Gym and fitness lover, Adam Reich, founder of True Credit Repair, Passive Profits Ecom Automation, ReinventU wellness center, and Health Supplements didn’t always have it all. He found a great deal of success in bodybuilding competitions when he was young. He was falling short of turning professional and thus, in the time that he had, he built a late online personal training business with over 100 subscription-based clients. In 2014, Adam Reich was blessed with twin daughters and a few months later, he had to go take up a job for the New York City department of corrections on Rikers Island. He worked 16 hours a day for 5 years straight surrounded by a bunch of violent people. It was an unsafe job. Adam Reich got fed up and decided to invest all the little money he had onto himself. He worked hard and invested all of his time to finally have something of his own and he did, not just one but multiple companies with 7 figure turnovers.

Adam believes that the success he has had by far is because of the client relations and the results and satisfaction that he and his company have given over time. He believes that he should treat his clients exactly how he would expect to be treated as a customer himself. The reason behind investing in a credit repair agency was because Adam Reich first paid to have his credit repaired by the same parent company and 4 months later his credit soared from 550 to 740 and that opened a plethora of financial opportunities for himself. All of his companies are driven by customer satisfaction. He has learned that he must never over-promise to make a sale. He provides a service to his clients that he is proud of but sometimes he tends to over-deliver but he has learned from his past mistakes. Adam Reich believes that delivering a product is important but what’s more important is building a brand along with a reputation as this would help him and his company in the longer run.

Since Adam Reich realized his worth was more than that 9 to 5 job, within 6 months, he left the prior job to invest in himself, moved to Boca with his family, and built a beautiful life in South Florida. It has been great for Adam since then as he has been able to increase his salary tenfold and all the credit goes to his determination and hard work. He also worked towards making it easier for his clients to change their financial situation by providing them with abundant opportunities. That’s all that Adam has always wanted, to help others better their situations. He has had the time to experience a 9-5 job and knows how it feels to miss important events and not being able to spend time with family because of lack of financial freedom which is why he has built this empire so that nobody else has to go through what he went through.

Adam Reich has always kept his priorities straight and his clients are everything to his brand. He goes out and about for them and relates with each individual. He believes in the saying, “show me your friends and I’ll show you you’re future” and that’s why he surrounds himself with the right people always. Since he moved down to South Florida from New York, he has made sure to keep the right people beside him who give him the motivation he strived for. Adam Reich even met his fellow investors at that time and is friends with them. These are the people he used to look up to and hoped to become like them one day. To the colleagues in his industry, Adam Reich wants to mention that people should focus their energy more on customer service. Building results and winning client’s trust is very important to go far ahead in this business.

 

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