Sean Evans California or the ascent of a serial entrepreneur leader: Davis, California is where Sean Evans was born and raised. Sean went to college in Oregon. He is currently based out of San Diego, California. West Coast wine culture has an influence on Sean – an American of mixed heritages that was instilled with the value of a little elbow grease, the importance of community and family, and the ever lauded California mind state. In addition to My Wine Society, Sean founded Blended Festivals, the world’s fastest growing music festival in the world. Where there was once nothing, Sean Evans loves to identify a problem and create a solution. Everyone is either going into a crazy time in their business, coming out of a crazy time or they’re in a crazy time. No matter which part of the storm you’re in it will come and it will pass. It’s important to keep a level head and just keep pushing forward. I’ve never closed one of my companies, even in the worst of times. You’ll always find a way back into the light and be successful as long as you keep moving forward! See additional details at Sean Evans 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: Who have been some of your mentors? Can you share a story about how they made an impact? A: I’ve had many mentors over the years, including some of the greats like Jamey Power of JD Power and Associates, Hassan Smith who’s on my Advisory Board still and works with artists like John Legend, just to name a few. These guys have taught me to slow down, plan for 2 years out and work backward to solutions and to always get the little things right first. I struggle with that this day as I’m always living in the clouds! I have been in Management Consulting for 15 years, working across all industries and for every stage company ranging from startups to public, multibillion dollar organizations. I had the unique opportunity to import necessary supplies during the pandemic and began by importing masks. That led to importing gloves and eventually to the acquisition of Gloves.com.
Don’t try to be everything to everyone. Focus. Relentlessly grow as a professional. Have a vision for yourself and pursue diligently. Though progress requires action, sometimes we can be too quick to act. Sometimes a momentary pause is all we need to see a challenge from a different perspective, therefore resulting in a different and more effective approach. Thinking and acting are not mutually exclusive. Switching perspective from “me” to “you” switches everything. The saying “people don’t care who you are until they know what you can do from them” is absolutely true! Anyone wanting to influence anyone else must first know what is already influencing them. You do that by asking enough questions to truly understand what they need, and then packaging what you want in a way that meets their needs first.
Sean Evans California or the climb of a business entrepreneur expert: The role of family offices has changed in the last 20 years, driven by the proliferation of wealth and dramatic increase in the number of millionaires, centimillionaires and billionaires around the world. There also has been a surge in the number of family offices and more sophisticated investors. This new breed of ultra-high-net-worth families in the GCC differs from the “old money” of the past. Their accumulation of wealth is typically more rapid and driven by savvy investment management or entrepreneurism. Many of those joining the ranks of the ultra-high-net-worth include money managers, former hedge fund managers and folks who generated their wealth in private equity. This represents a large population of sophisticated investors with deep networks in the startup and entrepreneurial community who are sitting on tremendous wealth (some estimates put family office total asset value around $6 trillion globally).
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.
The future of entrepreneurship will be shaped by how entrepreneurs react to technological innovations such as artificial intelligence (AI) and blockchain technology. These technologies will change the way we live our lives and how we do business, but it’s up to us how we want to use them as tools that help us grow. The future of entrepreneurship is not about a single business idea. It’s about the ability to find new opportunities, grow and adapt to changing markets, and be innovative in the face of adversity. Entrepreneurship is more than just starting a business. It’s about taking risks and being open to new opportunities that come your way. It’s about having the drive to make your own luck, even when things get tough. And it’s about finding opportunity in emerging markets across the world, as well as in technology that can help you grow your company faster than ever before.
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.
Who is Sean Evans and some of his entrepreneurship thoughts: Don’t listen to those who tell you you can’t. You know best what you can and what you can’t. You must want to make money on your own in your field. You need to want to sell goods or services to make money. It all depends on what you want and not what others tell you. Do not let yourself be influenced by such negative opinions, but choose to start on the road with positive thinking, which will give you a broader view on all the opportunities that may arise. Wrong! Nobody is perfect and you can’t even do everything perfectly, even if you want it. Mistakes are always a good experience, which can help you in the future and from which you can learn a lot. But be careful not to repeat them, because this is important. Learn how to fix what you have broken so that in the future there are no such errors anymore. Although at first you might be discouraged, don’t do it! Just think about the good side of things and what you can improve at your business through the things you learned from this experience, to make mistakes. Read how to reduce risks when you start a business.