132 | Peter Bendevis | How to Take Calculated Risks and Build Multiple Streams of Income

How to Take Calculated Risks and Build Multiple Streams of Income with Peter Bendevis

Summary:

In today’s show, Chris interviews Peter Bendevis, CPA, CA, RLC LLP.

This show starts with Peter sharing his background information. A self-confessed nerd, growing up, Peter had excellent technical skills. But he was low on confidence and a poor communicator. Listeners will learn how Peter’s Student Works stint helped him build these skillsets as well.

After Student Works, Peter joined a small accountancy firm for a long and fulfilling experience. Here, Peter shares the advantages of working at a small or medium-sized firm over an E&Y or Deloitte. Recently, Peter quit his job to concentrate full-time on his photography business.

In the next segment of the show, listeners will learn how Peter has managed to set up a thriving business where he shoots 250 weddings every year. Peter had a great plan from the get-go, and he did not shy away from investing in the best equipment and advertising. He reveals his loss leader strategy which enabled him to build up his client portfolio in the first year of his business.

Listeners will be particularly interested to learn how Peter managed to scale up his business by keeping a firm focus on sales and customer relationships.

And, that’s not all. While in college, Peter invested three-quarters of a million dollars to buy a franchise of the popular restaurant, East Side Mario’s. So, how exactly did a college student with little credit history manage to raise such a large amount? This part will serve as an eye-opener to many entrepreneurs who are struggling to implement their ideas due to lack of funds. Peter also shares how you can overcome some of the biggest challenges of running a franchise business.

We wrap up this show by sharing some crucial attributes that truly define a leader of tomorrow. We hope you enjoy this show.

Tune in for some excellent nuggets!

Resources:

Student Works 

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Chris’s Email