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One of the biggest parts of being an entrepreneur is looking for and taking advantage of opportunities. Willow Tufano is a great example of an entrepreneur who took advantage of an opportunity that she saw coming out of a problem. When Willow was 14 years old, a recession hit Florida, causing houses that usually sold for upwards of $100,000 were selling for less than $15,000 at auctions. With the help of a family who had experience in real estate, Willow decided to take a risk and take advantage of the opportunity of low-priced real estate, she bought a house. After doing some work on the house, Willow made the home available to rent for $700 a month. She was then to make back what she spent in just over a year and a half.
Willow capitalized on an amazing opportunity she saw coming out of a bad situation. Willow was able to gain a lot of experience in real estate and make a really good profit because of her willingness to take a risk and seize opportunities. Risk analysis is an essential skill for entrepreneurship, Willow was able to seize the opportunity at hand because of her ability to take into account the possible reward in light of the potential risk. Risk-analysis and seizing opportunities are both skills that I am working on myself, it is a terrible feeling to realize you missed out on an amazing opportunity because I was scared to step out and try doing something outside my comfort zone. Willow is an example of the possible reward for taking risks.
Willow Tufano’s story is very inspiring, because Tufano did take a risk by investing in real estate and her educated risk paid off by being able to rent her newly designed and fixed up home to people. This story reminds me of my class discussion in Entrepreneurial Leadership about how taking risks is probably the only way one can learn and grow in life and through business ventures. I greatly enjoyed reading this post!
This is such an inspiring story by a young entrepreneur. It is crazy to me that at 14 years old she was buying her first house, and I was buying my first iPod. I wonder how much aid she received from parents and other guardians or if she was able to fly solo. I also wonder if she realized how big of a financial risk she was taking?
Willow did an awesome job buying at the low and selling at the high. She took a risk and earned a large reward. It is good to learn to take risks at the right times. Sometimes the reward is always worth the risk, sometimes not. Some things in life are worth risking a large loss. These are not usually financial decisions, but maybe Willow found one that was.
I find this story relatable and inspirational. The town I am from used to be mill town, until a recession hit that caused mill workers to up and leave. Causing house prices that were once high to dramatically drop. I hope to one day, buy real estate and flip a house to make a profit.