Interviews With Three Young Entrepreneurs

At Millennial Business Life, we pride ourselves on being a blog where the successful stories of young entrepreneurs can be broadcasted to a larger audience. Here are three interviews we did with Millennials who have founded and own their own businesses.

If you own a business, or know a friend who does and are interested in being profiled by Millennial Business Life,  please feel free to contact us at contact@millennialbusinesslife.com

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Tyler

Sailfish Alley Outfitters

Tyler Wright: Sailfish Alley Outfitters

What made you decide to start your business?

I moved down here from North Carolina 8 years ago, and when I was in high school, we started fishing competitively in sailfish tournaments. When you get caught up in the love of the sport, you kind of forget for a little bit how expensive some of these tournaments are and how the costs build up. My dad encouraged me, as a young guy to start a business and get something to help pay for my passion.

My senior year, I started a business up an area called Sailfish Alley, from Jupiter down to Boynton. If you ask any fisherman that is a diehard competitive guy, he knows that Sailfish Alley is the best spot down for sailfish. That’s what we got the name Sailfish Alley Outfitters from, we started it small and let it grow organically with some of the local fishing teams that we had competed against.

What would you say is the secret to your success?

The secret is the network, and it always is in whatever business you are in. The people who you start to surround yourself with at an early age are going to be the ones that later want to get behind you and push you to succeed in whatever you are doing. The people down here got behind it and wanted to support me over local companies; from there, those guys are going to be running around as ambassadors.

The other sweet spot for us was through social media, we had a mass following pick up pretty quick. A lot of these younger guys saw a big flourish of tournament guys getting sponsored by Under Armour and Salt Armour, so we knew secrets they knew to build up those business and applied some of those as well, to become successful.

What tips do you have for other young people that want to start their own business?

My tip is to just start it: Some people think they have to go through this huge planning phase of meeting with everyone, and that’s garbage. The truth is, the $5,000 or $15,000 you are going to put into a small business at 18 is going to be your greatest education, period. Hopefully, you go through that money and lose it. You want to make money, of course, but if you go through $10,000 that you’ve been working for and saving, that is the greatest investment in your education for working with people, making business decisions that are going to impact you, surrounding your business with a network, learning how to work with sellers, service providers manufacturing plants, etc.

You have to learn how to have that conversation, to hire those people to work with you and fire them when they mess up. You have to learn how a business owner goes through things. Going to the back office stuff, you have to learn accounting and business operations, and you might have to hire a secretary or bookkeeper. Those are just applicable lessons from Day 1 that everyone from high school and college should be learning, but they’re not.

You can learn that through starting a business, so start it. Mark Twain said that he never let his schooling interfere with his education, so what are you doing to educate yourself? Schooling should not be your education.

Who is one person who really influenced you when starting your business?

My granddad retired when he was 43, and up in north Georgia he is known as “Chief.” He would always tell us to start things early and own up if you were going to be a successful business owner. His work ethic was bar none- he was an unbelievably hard-working guy who had a mission to get enough money where he didn’t have to keep working anymore. You hear the stories now of people saying how depressing it is to retire at 55 or 60- He did it at 43, and that work ethic was passed on to my dad, as well.

Fun fact: Sailfish Alley Outfitters is now just starting to offer charters under the their name! Click the link above to access their website!

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Solomia

Solomia Treshchuk Tax Services (STTS)

Solomia Treshchuk: Solomia Treshchuk Tax Services

What made you decide to start your business?

Before I started, I actually worked for an accounting firm, but I found myself being limited to hours work, to what I was doing in absence of guidance, with employees not laying out a clear path for me. What made me want to start my own business was that you’re not limited to how much you can make. As much time as you want to put in, that’s how much money you can make and the sky's the limit, depending on how motivated you are. I wanted to be able to grow personally and financially by starting my own business.


What is the secret to your success?

I think the secret is teaming up with businesses that are also growing. You want to make sure that you are connected, not with people that are using you and will replace you right away, but are growing and can grow together with you. Most of my clients are pretty much partnerships and are together, you don’t want somebody who is just looking to use you and replace you the next time somebody better comes out. You want to work with someone that sees your value. When I started my business it was scary and I took what I could get, but as I singalized I started to see who was there for the long-run and who I could grow with.

The other thing is undervaluing yourself: If you value yourself to begin with and are confident about what you know, then other people will value you. If you are not going to value your work and service, other people are not going to value it, either.


What tips do you have for other young people who wants to start their own business?

Value your worth and make sure you team up with people who you’re going to grow with and are not making false promises to you. Millennials kind of care more about titles than actually getting paid for their worth. You have to see what your financial goals are and meet them, as long as they are realistic. I set goals where I make sure I gross $100,000 in a year, and I push myself to that goal.

The other secret to success is making sure you hold yourself accountable. When you have your own business, no one is going to tell you to show up to work. After a few times of not being available, your clients are going to go somewhere else that is more serious. In my business, there are some clients I have that started their business at the same time I started mine, and we kind of grew together.


Who is one person who really influenced you when starting your business?

I would say my parents. They have their own business, and I saw them put in the hours and succeed to get to where they wanted in life.

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Amy

Seaside Brew

Amy Schatzmann:

What made you decide to start your business?

What really inspired me to start the business was when I heard that coffee farmers are among the poorest people in the world. When I heard that, I thought there must be some inefficiency in the supply chain, because coffee is the second-most traded commodity in the world behind crude oil. It really inspired me to start a business that focused on helping the farmers.

I always kind of wanted to start my own coffee shop, so whenever I felt a reason and a purpose behind what I wanted to do, then all the pieces started staying together and Seaside Brew made the most sense to accomplish what I wanted to accomplish.


What would you say is the secret to your success?

On one level, I think part of it is the community support. PBA (Palm Beach Atlantic University) has been really supportive and if it weren’t for President Fleming and other people who have worked hard to make it a reality, I wouldn’t be here.


Other small business in the community and our coffee supplier, Pumphouse Coffee Roasters, they have been really huge in helping us with wisdom and insight from operational things to product and pricing things. I would say that community is a huge aspect. Also, God has just really blessed me and helped me grow with many opportunities.

What tips do you have for other young people that want to start their own business?

I would say that a lot of people have really great ideas, but a lot of times they just stay as ideas. My biggest advice is to literally just go do it. Start making steps and writing down everything you would know and that needs to be done to make it happen. For me, it was knowing I wanted to sell coffee and planning how I could sell coffee.



Who is one person who really influenced you when starting your business?

Hmmm, I was actually inspired by a clothing company called Serengetee and wanted to do a coffee version of what they’re doing!