The climb of a business entrepreneur expert : Sean Evans: Sean Evans grew up visiting his family cattle ranch every Thanksgiving. That same ranch is now the location of his family winery. The values and closeness of Sean’s early Thanksgivings with family translated to the founding of My Wine Society. The community life that was important to Sean’s upbringing is noticeable in many of the social features of the My Wine Society app. Sean’s creativity and ability to connect with people extends into the MWS Loyalty Club, a monthly subscription box that sends members wine and gifts in a themed box every month. Read additional info at Sean Evans.
Q: When you were starting out, was there ever a time you doubted it would work? If so, how did you handle that? The partners and I were skeptical of our own idea for a wine drinking social media platform. At the beginning of MyWineSociety’s inception there was a lingering doubt if it would be a great idea to develop. Luckily, MWS is faring well! It was our passion and love for wine that pushed MWS to the level it’s at today. How did you get your first customer? My Wine Society’s first customers came from wine conventions. When we launched the My Wine Society wine subscriptions we found an even larger base of customers to grow our business with.
Q: We are sure you aren’t done. How are you going to shake things up next? A: We have some long-term collaborations brewing in the healthcare industry and medical supply industry that I think are going to impact accessibility and also do good for the environment at the same time. Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life? Thinking of getting this tattooed on my body, it’s more of a poem than a quote… it basically reminds me to never play the part of the victim and always control my own destiny: “It matters not how strait the gate, how charged with punishments the scroll, for I am the master of my fate, I am the captain of my soul.”
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Sean Evans Carlsbad, California or the upsurge of a serial entrepreneur leader: So what does it mean to bring on an individual or family investor in lieu of going the traditional VC route? These individuals often wish to stay in the venture investment game, but desire more transparency to underlying investments than the traditional venture investing experience provides. They also want the ability to cherry-pick the best deals. In addition, they want to avoid paying the typical “2 and 20” — a deal structure that requires investors to pay a 2 percent annual fee (some as high as 3 percent) to the VC firm on top of the 20 percent return on investment. This is why we’re seeing more of the mega-wealthy groups in the region move away from only investing in private equity funds to increasingly working with their family offices to find the right types of direct investments that fit their long-term wealth-generation strategies.
Entrepreneurship is the process of starting a new business venture. This may entail starting a company or working as an independent professional. Entrepreneurship is the process of designing, launching and running a new business. It involves innovation, taking risks and making decisions that are not guaranteed to succeed. The future of entrepreneurship is bright. Entrepreneurship is a booming industry and it’s not going to stop any time soon. There are many opportunities for entrepreneurs to succeed, especially in emerging markets. Entrepreneurs should be willing to take risks and work hard if they want to turn their ideas into a reality. Entrepreneurship is an economic engine that drives innovation, economic growth, and employment across the globe.
Entrepreneurs have always been at the forefront of innovation and technology, from Henry Ford who invented the assembly line to Steve Jobs who invented Apple Computers. Today, entrepreneurship continues to be an important force in business and society in emerging markets like Africa, where entrepreneurship is being promoted as a way for Africans to create jobs for themselves and improve their lives through innovation and technology. Entrepreneurship is a very broad topic. It can be about starting a new business, expanding an existing one, or even venturing into uncharted territories. Entrepreneurship is about taking risks and building something from the ground up. The future of entrepreneurship is bright because there are so many opportunities around the world for entrepreneurs to explore. One of the most exciting opportunities that have emerged in recent years are emerging markets such as India, China, and Brazil. These countries have seen a rapid growth in their economies because they are less developed than Western countries and therefore offer more opportunities for entrepreneurs to make large profits by exploiting these markets with innovative products or services that meet unmet needs.
The pressure definitely is on choosing the right place. Incorporating in a wrong jurisdiction with unsuitable policies can cost you severe consequences and a waste of resources. That’s why thorough planning and research is a must (or at least the right consultation from the real professionals). Corporate giants do this all the time. Apple, Samsung, Google, Berkshire Hathaway, they all have established offshore companies as their subsidiaries in many countries all over the world. Making use of favorable policies while still complying with them, these giants legally reduced their payable taxes by a significant amount.
Sean Evans California or the ascent of a entrepreneur expert: Don’t forget you’re the leader! So behave as such. Remember all the things that did not suit the boss from the previous job and do not do it! Be an example, a role model for others and make yourself enjoyable. Although sometimes you will have to make decisions that will not please everyone or maybe even employees will disappoint you, opt for a professional attitude and not a severe one. Talk to them calmly and patiently and explain to them what the problems are and what solutions you have. It builds, therefore, a very good relationship with all the staff, to be appreciated and rewarded as such, on a personal level. Once you make the decision to open your own business you will need to invest a great deal of time and energy in its development, so it is very important that you enjoy what you do and find satisfaction in the activity you carry out.