How other investors rose to be successful in business is a big deal. It is through their processes that we learn how to navigate through the journey. It gives you hope and a brief idea of how it is like to face challenges and fear and still emerge a winner. Sheldon Lavin, Chief Executive Officer and greatest shareholder of OSI Group has a story like any other investor.
The beauty of his story is that he is living his dream. He has what he dreamt of having when he was starting his business. His objective was to start a business that provided goods that consumers use on a daily basis. This was in line with his studies because he graduated with a finance degree at the University. The first thing he did to accomplish his dream was to start consultancy business.
His breakthrough came when the Otto & Sons approached him to finance them for expansion. They boosted his confidence in business, and his assumptions on their success turned out to be right. When asked about how he makes money, he says that for you to make money, you must be willing to spend money as well. He says he was only able to make money after his ventures became profitable. Through financial markets, he is able to multiply his income from OSI Group. He also has a series of ETFs and mutual funds.
Sheldon Lavin became profitable after a year. He says that many young businesses take time before they become profitable because they do not invest in large scale. He says that by transforming his businesses into multinational companies, he saved and reduced costs. As a result, the firm attracted multiple shareholders and made profits early. He says that planning helped a lot with the success of the business.
The other way through which Sheldon Lavin has been able to acquire success is through cultivating culture of teamwork. This is by sharing meals with his employees and getting to know each other at a personal level.Sheldon Lavin says that by so doing when the members have a new idea, it is easier for them to approach him without fear.
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