The ascent of a entrepreneur expert : Sean Evans Carlsbad, California: Sean Evans has founded and exited four companies over the last 20 years. Most recently, he founded My Wine Society, raised three rounds of funding and received a valuation of $16 million in 2019. He started and led Wonieva Group (WG), a global consulting agency that focused on the technology, manufacturing, retail athletics, entertainment/live events and beverage industries into a leading PPE supplier, providing masks, gowns and gloves to hospitals and government entities throughout the United States. When COVID-19 emerged globally, WG shifted their focus to help aid with the global pandemic. Leveraging its pre-existing factory relationships overseas with local state/government contracts, WG was able to deliver products at an early rapid rate. WG is registered in 32 states, and is S.A.M Verified US Govt, with a registered DOD CAGE Code and DUNS Number. Discover additional details on Sean Evans Carlsbad, California.
Q: How do you generate revenue as a founder? A: The revenue that I see from My Wine Society comes from my investment of time and capital into the company. We generate revenue from wine subscriptions, event ticket sales, and sponsorships. How long did it take you to start making money as a founder? The pandemic put a damper on the initial revenue. When the My Wine Society’s wine subscriptions were launched the revenue started to increase exponentially. Before the end of 2020 MWS was starting to be on track to significant profitability.
Q: Can you tell our readers what it is about the work you’re doing that’s disruptive? When the pandemic hit, the medical supply industry was turned upside down. We have been able to make some meaningful and lasting relationships by providing gloves for hospitals, governments and frontline workers when they needed it most. We hope to continue those relationships long into the future! Can you share a story about the funniest mistake you made when you were first starting? Can you tell us what lesson you learned from that? We made the mistake of accepting credit cards for wholesale accounts. Early on we sold a fairly large order, I think it was $30,000, to a new customer and allowed them to use their credit card. We arranged shipping and sent the goods up to Canada. As soon as they got the tracking info, they called the credit card company and reversed the charges. We never saw the money or the product again unfortunately. But we quickly learned to only accept wire transfers for new customers!
It gives you a sense of direction and makes you more clear on what you want to achieve and it also makes the decision making process easier. You can focus on doing the things that take you towards achieving your objectives.
Meet Sean Evans and some of his business entrepreneurship accomplishments: 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 designing, launching, and running a new business. It is a risky but rewarding endeavor. Entrepreneurship offers many opportunities for those who are willing to take the risk and follow their dreams. In recent years, entrepreneurship has taken off in emerging markets like India and China because of their growing middle class with disposable income. The world’s entrepreneurs are also finding new ways to fund their ventures as they face difficulties obtaining bank loans or venture capital funding. AI technology will play an important role in the future of entrepreneurship by providing entrepreneurs with advanced analytics that can help them make better decisions about their business ventures.
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.
If you aim for the former group, you should consider everything carefully. Some no-tax jurisdictions are changing their policies fast. They are starting to impose taxes and regulations on certain kinds of income and business activities. And some places have a really bad reputation in the business world. These are the ones you should avoid. Bad-reputation jurisdictions would cost you a hard time opening a bank account and running your company. In particular, banks in Singapore or Hong Kong are very concerned about opening an account for companies in tax havens. The same goes with customers and clients. They would also be concerned to do business with your company if it is incorporated in such jurisdictions.
Get to know Sean Evans California and some of his business entrepreneurship thoughts: 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.