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I have an informative interview to share with you that will show you how this entrepreneur started his business at age 19.
Today, I want to introduce you to Mark DePina. He is the founder and owner of ElectronicsDirectUSA, an Online Retailer, Distributor and Licensed Telephone Dealer company. Mark has been successfully running his own business for over 4 years. He was able to successfully start his first business venture at the age of 19. Mark’s first position was a salesman for Energy Armor, a company that sells energy bracelets in local malls that are infused with negative ions. And now he runs his own company.
In our interview, he shares with us how he was able to do this and how people can start living their dream of being their own boss at any age.
Check out the interview below for more information.
Please give us a background on yourself and how you got into your career path.
Ever since I was 10 years old, I always knew that one day I would own a business. I came up with many different business ideas. Some that would be highly impossible to do at my age. These ideas eventually helped set the course for other business ideas that were more attainable yet more sustainable. Working a regular job gave me special insight into how existing companies run their businesses, marketing tactics, employee relations etc. I couldn’t help but think, if they can do it, then I can do it. So I did just that. I stuck to what I knew and what I liked. Technology!
Can you explain what exactly an entrepreneur does?
An entrepreneur is an individual who creates ideas, networks, and usually tends to stay up all night brainstorming. An individual who generally takes high financial risks without an immediate payback. An entrepreneur does what others aren’t doing now, to live like others won’t later.
How much can a person start out in your industry? What is the typical salary?
This all depends on multiple variables. It all depends on how determined and motivated you are. Starting out, a person could make anywhere from $40K+. Again this depends on multiple variables such as business knowledge, proper recruiting and effective marketing. The typical salary is $80k+.
What do you like about being an entrepreneur? What don’t you like about it?
What I like about being an entrepreneur is that you are constantly being tested. THINGS NEVER WORK AS PLANNED. Everyday is a new test. How you overcome these obstacles are your daily lessons. I often ask myself, ‘what could I do to prevent that from happening the next time?’ One negative about being an entrepreneur is that it takes A LOT of your OWN MONEY. Although depending on your financial situation this might simply suck. But if you have extra money, the bright side is you are investing in yourself! No one will invest in you, unless you invest in yourself.
What characteristics/traits does a person need to become a successful entrepreneur?
A successful entrepreneur needs to be disciplined. Time management is key. Maximize your entire day to the best of your ability because sometimes, tomorrow never comes. Another important characteristic that is crucial to being successful is the ability to speak properly and articulate yourself well. Being able to do so will take you a long way!
What if somebody is not sure entrepreneurship is a good fit for them?
I would say, WAIT IT OUT! Starting off, you may feel like you’re not making any money. It may seem like all you are doing is losing money and it gets very frustrating. Believe me when I say that this is part of the game. Taking a loss is healthy. We all need to take losses to learn from them.
What steps does a person need to take to become a successful entrepreneur?
PLAN, BUILD, NETWORK, EXECUTE. Do your research! Research other entrepreneurs who’ve made it. You don’t have the time to guess what is going to work or not. All the information you need is readily available to you through others who have made it. Research what they did, and how they did it.
What if someone has no capital to start a business? What can they do to move forward with their idea?
Find other like minded individuals who may have the capital and work something out. If your business plan is solid, find a partner. Go to your local bank for a small business loan.
What do you love about being able to make a good living? What has it helped you do?
I like the simple things in life. Being able to have a plate of food and spending time with friends and family is what I love most. If I want to go away for the weekend, I do it. If I have another business idea, I can fund it. My status so far has helped me see ONE THING. And that is, what’s to come. My potential future.
Lastly, do you have any other tips for someone who wants to start their own business?
Don’t wait! There’s never the “right” time! Get out there, experiment and learn from your mistakes. Keep inventing. Your first business idea does not have to be your last. Inspire others to do the same. If you make it, don’t forget about the people who supported you along the way.
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Mark has also been featured in the below publication:
How to Get What You Really Want Just By Thinking About It
4 Money Lessons You Need to Teach Your Kids
7 Books That Will Change Your Financial Life
7 Habits of Highly Successful People