Tue, 10 March 2015
About: Robert Sofia- Co-Founder of Platinum Advisory Strategies
Overview: Robert shares details about his company, Platinum Advisory Strategies- and offers helpful advice for those thinking about breaking into the entrepreneurial world.
Background: Robert is a long-time public speaker, and hard worker who skipped undergraduate school and worked his way up in the business world where he eventually settled into the marketing/branding scene. In his twenties, he worked for Ford Motor Company where he actually developed a program for them to help build brand loyalty. It was promoted heavily at the Ford dealership where he was working, and then Ford adopted that for their entire company. The experience he gained at Ford leveraged him for more opportunities throughout the years up until he decided to start his own companies.
About Platinum Advisory Strategies: Platinum is a company that helps small businesses market like larger companies. Platinum Advisory Strategies takes all of their efforts and focuses on one niche market, and then they strive to understand the industry, the audience, and the people they're working for to merge that into the right branding message. They offer a unique program where they only work with a select group of advisors that fit their profile and that do not work directly with their competition. These advisors actually pay a monthly fee to Platinum to be their marketing partner. As a client at Platinum Advisory Strategies, you are given a consultant specifically assigned to your account and that consultant becomes your guide, your coach, who builds a personal plan for you. They assess what you're weaknesses and strengths are and build an action plan. Then, they help you along the way and answer any questions you may have. Behind that consultant you have an entire team who works on the back end of things like your website, videos, social media, etc.
Biggest Challenge: Helping potential clients seeing that they need the help and it's worth the price.
Key For Growth and Success: Platinum Advisory Strategies started in 2009. Robert shares that the key that has helped grow was hiring the right team. Robert has many roles he has to juggle and it's very important that he has the perfect team he can trust to help manage things- especially while he is traveling.
Speaking Schedule: Robert could be gone every week if he wanted to, but he chooses only to travel 1-2 times a month. He limits himself to the engagements he wants to do to keep the work-life balance.
Goals: Over the last 3 years, their company has grown over 1,700 percent in revenue. They have continued to cut costs and grow profit successfully. Because the business is growing quickly, they are always looking for more employees. Robert's goal is to make the company better tomorrow than it was today. For the company, he prefers to take his goals daily, weekly, and monthly- in small increments- to make sure that things that need to be done are not overlooked by the long term goals. For Robert, he wants to live the life that he desires- he's not particularly motivated by the desire to have more things or money. He wants to help his company and his employees. Robert's drive is to have balance in life, he's not concerned about what the world sees as wealthy.
Characteristics of a Successful Entrepreneur: First off, being an entrepreneur requires commitment. You have to understand that it's not going to come easy right away- there is a lot of work involved. If you give up too easily, you will not be successful. Have a modest recognition of your own limitations. If you are going to build anything where you'll have employees, you need have good leadership ability. It's also important that you have good business sense. Family support, or support in general is another great tool that will help you do well in whatever you do.
Take Away: Robert reminds us not to buy into the hype of entrepreneurship. Understand that you might fail, and make sure you're comfortable with that. You won't always succeed. If you can, try to leverage your existing relationships or career into a business opportunity.
Connect With Robert:
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