Jul 19, 2022
Sometimes an opportunity might present itself before we feel ready to take action, but we can’t always wait for the perfect time, because we may never feel fully prepared. Today’s guest is an inspiring example of what it looks like to recognize a great opportunity and figure it all out along the way. Miguel Garcia is a first-generation immigrant from Mexico, and a serial entrepreneur for over 20 years.
Miguel has built 8 companies from the ground up and gained valuable experience from exiting some of them for millions of dollars. He has built companies specializing in firearms and tactical gear retail, ammunition manufacturing, telecommunications, construction projects, government contracts, imported food products, consumer health products, manufacturing, and retail. Miguel has also been married for 38 years and is the father of 15 children, so he learned how to balance his businesses while keeping his family as his number one priority. He is a seasoned executive with strategic growth and problem-solving skills, with a great ability to take action.
In this episode, Miguel shares his experience coming to The United States as a high school student who barely knew any English and seeing the opportunities this country had to offer. Miguel learned that you don’t have to know everything to be successful, you just have to be willing to do what it takes to figure it out along the way. Tune in to hear Miguel’s journey into entrepreneurship, his advice when having a business acquired, and how to make sure your family is always your number one focus.
Key highlights
- Introduction to Miguel and his backstory of immigrating to The United States and becoming a business owner
- First-generation immigrants are succeeding at a faster rate because they know the oppression of other countries
- Going from a one-bedroom apartment with 9 people to helping his parents buy their first home
- The benefits that America offers over other countries
- Life after high school, going to college, and getting into the workforce
- Miguel's first experience with entrepreneurship
- Opening his first retail store in May 2006
- Getting into military bases with his store which grew to 30 stores
- People are the key to creating your success
- Pros and cons between storefront business and online business
- Being copied by a competitor
- The mental and emotional aspects of going through an acquisition
- Covering your bases in an acquisition
- Miguel is joining the 365 driven coaches
- Advice for parents that are business owners and building your business around your family
- The significance of having a mentor and investing in yourself
For more information about this episode, visit: 365driven.com/episode260