Victor Garibay is an entrepreneur unlike any other. He runs numerous businesses and has been incredibly successful in the business world. Starting from humble beginnings, he began to work his way up in the world and establish a name for himself.
“I run and co run several. The main focus is finance. FHA non conventional and conventional enhancement programs for health care, senior living, affordable housing and multifamily projects across the country. My next project is a media company currently in the works. Should be up early 2021,” Victor explains.
His family is the classic story of the American dream. He immigrated to the United States from Mexico with his parents. They did not bring a lot here, so they had to start over from scratch as they rebuilt their life. Unlike many of his counterparts, he learned his business skills not from schooling or formal education, but from hands on experience and work.
“I’m an immigrant from Mexico City. My family started from scratch in the USA. I tried to make the most of opportunities and life lessons, which helped me gain business knowledge and skills hands on. Currently, I have and have had investments in finance, tv and film production, social media production and food and beverage industry,” Victor recounts.
Victor has had many inspirations that pushed him into the business world. Most importantly, he was motivated by his family. He wanted to make sure that he had multiple sources of income to ensure they were provided for.
“My family was always my main motivation for success. Therefore I wanted to make sure I had multiple sources of income. That’s why I started not just one but a few businesses. Entertainment was always a passion of mine. So that was an easy one that I think a lot of people can relate to. My mentor/boss and business partner inspired me to get involved in every other field. He made learning business fun and made me want to expand,” Victor says.
Though he is now accomplished, he struggled to get off the ground when he first began creating his numerous business ventures. Like many others, Victor struggled with money management. Very few of us learn the ins and outs of how to manage our finances and how to invest properly to ensure that we are not setting ourselves up for failure. This is exactly what happened to Victor.
“Money management was my biggest obstacle. When money comes in quickly, it’s easy to get comfortable. I had a period where I did just that. Therefore I dropped the ball on paying attention to details on a lot of things. I paid the price and had to dedicate a good while on revamping things up. Lesson learned. In my opinion, the biggest challenges when starting a business are the ability to prepare for the unexpected. There will always be curveballs and one might think they’re ready but there’s always a need to adapt to situations. It can be done but it’s definitely a challenge,” Victor states.
Since becoming so successful, Victor has let the competition go and only focuses on how to make himself better rather than focusing on everyone else’s business. This keeps him at the top of his game because any improvement comes from an internal assessment rather than trying to meet others.
“I don’t think about competition. It stresses me out. Believe me I have enough stress already. What I do is challenge myself to reinvent my decisions and routines. How can I make them better? How can I completely change them up? So I don’t get comfortable and out of date,” Victor states.
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