A key factor in being a successful entrepreneur is having confidence in yourself. Anyone can have a great idea for a product, but for most people there is too much risk involved in starting a business from scratch. Luckily Sam Ovens is not most people. Taking his future in his hands, Sam Ovens quit his office job and set off on his own. With no investors or backers, Sam began thinking up ways to satisfy the constant consumer needs of Americans. Working in his parents garage, he began by creating several apps that completely flopped. He was frustrated by trying to figure out the mind of the market, and started reading everything he could about how to make a successful business. Finally, Sam realized his own problem, of understanding what the market wanted, was the problem he was going to fix.
Sam started his own consultant company for businesses, which eventually turned into an online schooling system called Consulting.com. Within five years Sam turned his 30,000-dollar debt into an 18-million-dollar profit. Through his website, Sam’s mission is to help others reach his level of success, while doing what they are passionate about. So far, Sam has taught about 10,000 students in 72 different countries. Out of Sam’s students 21 have become millionaires and over four hundred are making six-figure salaries.
In an interview, Sam was asked what his best advice would be for rising entrepreneurs, he gave four tips:
- Build your personal brand fast (People will be more willing to buy from you if the know you)
- Monetize your networks (Your first clients or investors could be people you already know)
- Never stop learning
- Get over rejection
I like how Ovens was persistent in not giving up. Perseverance is a good quality to have. It’s also great that Ovens grew internationally with his idea. International connections have helped businesses grow greatly. I like how you listed off his tips he gave to other entrepreneurs. Great advice.
I appreciate that Ovens was not willing to give up; that is an incredible characteristic for any entrepreneur to have. I enjoyed that the article showed that failure should not stop anyone, as Ovens’ failure turned into great success. I also appreciated how he focused on finding a problem, just as we are told to do in every entrepreneurship class. Once Ovens found the right problem to solve, he was on the path to success.