Through college I’ve met very few people who have made much money through entrepreneurial ventures. Even in many entrepreneurial clubs there still few people who have actually done much.
I like to observe people who I think “have it in them” in order to learn a way to improve my own chances of success. So far I’ve seen two people I KNOW will be successful in the future:
Strengths: Intricate computer programming knowledge.
It’s very rare to meet someone so good at programming who also has a keen business sense and extroverted personality. Jon’s current claim to fame is SkiReport.com, one of the largest ski-condition websites in America.
Jon is still a student, yet makes serious cash because of the automated system he built for SkiReport. Of course he won’t just let his cash flow top off, so he is currently re-doing the entire site to accept reservations.
Prior to SkiReport, Jon had a web solutions company which did tons of business in the Colorado area. He was a step above all the other high school kids who designed a few websites and claimed they had a ‘web solutions’ company (like me).
Strengths: Networking skills, leadership and persistence.
This guy knows pretty much every person in the world. His network is extremely large, and he knows how to meet new people. He is a natural born leader and manager and has started several businesses with many employees to show. His current project is Grade-A-Books.
Kunal buys back books for more cash than the Co-Op, then sells them for cheaper, right on campus. Since the Co-Op gets such a high profit margin from their used books, Kunal can afford to accept a smaller one.
One thing I’ve picked up from Jon’s SkiReport is to automate everything. He has spent considerable time and frustration creating a phenomenal backend system, and it allows him to get things done extremely quick with little effort. Kunal demonstrates the need for being a great leader. His current and past businesses have helped him develop great leadership skills which are crucial for running a business.
“Surround yourself with those smarter than you”