Entrepreneurship is for diehards and risk-takers. Your risk appetite is what often drives you into making decisive decisions. Usually, it’s never a walk in the park, and the push from the competitors can force you to the edge. Changing from the norm is often desirable and mainly focused on solving the many bottlenecks in the universe while simplifying complex approaches of day to day activities.
Fotios Tsiouklas and Alan Gokoglu became Australia’s youngest self made millionaires at just 19 years old and have first-hand experience when it comes to real experience from this theory. The lessons they have derived from the initial innovative trial from age 10 to now, have paved the way to their successes.
Fotios and Alan share their experience in managing different cash flows and how they invest the proceeds of their savings in venturing into other businesses. With their 8 different SaaS businesses rampant growth pace and increasing 6-figure monthly profits, it was inevitable that they were heading in the right direction. However, even after gaining 12,000 clients in under 24 months, they didn’t put their guards down and set aside funds for future contingencies. To gain control of your cash flows, it’s important to consider implementing new policies such as offering discounts to customers who subscribe to your app.
From his initial approach of creating game codes and selling them on flippa.com in the year 2013, Fotios-age 13 at the time, generated $10,000. The result triggered his interest in repairing mobile phones and reselling the refurbished ones on eBay at age 15. Meanwhile, Alan was also making roughly $10,000 a month with his utility apps. Together with his school nemesis and business partner, Alan, they transitioned into a more credible business that would stir up their gaining respect in entrepreneurship. Their current financial standing stands at $2.8Million worth of assets and sharing a $5 million value of their business portfolio.
What makes them successful has been the strategic approach they have in rolling out new ideas and businesses. You will note that the duo has not, at any point, taken loans to start a new venture or have had help from investors. Instead, they have invested the cash flow from their businesses to establish a unique experience. It’s hard to predict their next move. Luckily, Australia’s youngest self made millionaires have spread their wings widely, causing positive storms in diverse industries.
They turn dreams into ideas and later evolve into business ventures. Accountability and transparency is as well a critical factor when it comes to strong partnership trust. The bottom line leads us never to focus on making money but always about creating an impact.
Fotios and Alan’s 8 SaaS businesses that are helping thousands of entrepreneurs and companies build their brands, are helping Fotios and Alan be able to invest into other businesses that will generate even more cash flow. They explain that the SaaS businesses are quite cheap to market so their ROI is quite big. The SaaS businesses are also cheap to run which means they can invest the money they earn from them elsewhere. Fotios and Alan like to invest in Real Estate with their AF Group. There is no doubt you will be hearing more about these two young entrepreneurs in 2020.