In 2019, 34million Americans were living below the poverty line. Not being financially stable to provide for your family is an incredibly difficult and stressful situation for any individual to be in. Entrepreneur Manny Garcia was raised in a similar environment, he knew he wanted a better life for his family so he went to work on building what are now today several million-dollar businesses.
Manny Garcia owns businesses in the footwear, fashion, automobile, e-commerce and real estate industries. He started his first business without the help of any investors while working at Home Depot full time. Surprisingly this was during the 2009 financial crisis when the weight of the crashing economy was felt by all of America. The business took six years to build, but it grew into a multimillion-dollar company that he could eventually sell. "It took a lot of hard work and determination," he said. "But I knew I had to build a better life for my family. I didn't want my siblings to grow up struggling like I did." He then went on to open multiple street and footwear retail locations which is now a multi-million dollar business.
When asked for advice on how others can attain success, he said, "Many people wait until they think they're 100% ready to start a business. They think they need investors and tons of money to make their dreams a reality. Don't wait! Just start and deal with the challenges along the way. You can't start making money until your business is off the ground."
Manny Garcia is an incredibly successful entrepreneur. Overhauling your socioeconomic status might be quite the challenge, but Garcia's life is proof that it's possible.