Nearly everyone is familiar with Mahatma Gandhi’s famous quote, “be the change you wish to see in the world,” and perhaps even found some motivation in it. We are all wired to help others, and altruism is an integral part of what it means to be human, so it’s no surprise that many of us will declare that we want to change the world at some point in our lives. This is the motivation behind people’s desire to serve others or devote their lives to a cause bigger than themselves. Wealth Accelerators’ founder is one of such people.
Wealth Accelerators is a business management consultancy firm where clients can earn passive income through the company’s operations thanks to their “Business-In-A-Box” service. This service provides turnkey business solutions. In exchange for handling everything, they demand a cut of the earnings. Wealth Accelerators may not have been founded if its founder, Mike Sancho, hadn’t previously endured terrible service from a competitor in the financial advisory industry. The company was dishonest and had a deal based on false information. They promised the moon and the stars but only delivered disappointment.
Sancho, identified a problem, desired change, and took decisive action to implement that change in the industry by building Wealth Accelerator. All that was needed was steady business operations run by competent and reliable people. Due to this finding, he felt a renewed sense of optimism. He has used that foothold to expand into a massive, successful enterprise. In a nutshell, the motivation to create Wealth Accelerators came from a desire to facilitate the growth of others and the implementation of change.
Wealth Accelerators assists the community by fostering an inclusive network of financially successful individuals. It is open to anyone, including those who work 9 to 5 jobs. They show community members how to increase their wealth by implementing passive income business models. Although Wealth Accelerators provides services for various sectors, their trucking automation product is currently their main attraction. Their clients pay them a percentage of their profits to operate semi-trucks. In addition, Wealth Accelerators offers several other business management services, including Fulfilled-by-Amazon Automation, Fulfilled-by-Shops Automation, WFS Automation, and YouTube Automation.
There were some difficulties in developing Wealth Accelerators. When asked about the most challenging part of starting the business, Sancho said it was dealing with the initial two years of startup. The challenge resulted from training inexperienced workers and gaining the trust of those involved in the process. However, the company has flourished and grown since breaking into the market, becoming a model of professionalism and honesty in the industry. Their greatest challenge so far, was getting past an embezzlement scandal within the company. When a top employee stole over $1 million from the company within two years, it was a particularly harrowing experience. Sancho said, “It smacked us around a bit, but it was a good lesson.”
To those just starting out, Sancho recommends finding a mentor. Find a coaching group and join them. Spend money on advice from a professional with experience in the field. “Out there, you can find all the tools necessary for success. To be successful, you need to surround yourself with other successful people because your network determines your net worth. Maintain a growth mindset and a thirst for knowledge at all times,” he said.
Follow @wealthaccelerators on Instagram to learn more about the business.