Imagine being broke, walking into a chiropractor’s office, and pitching a wild idea that would change your life forever. Now Scott has learned to build his wealth and diversify his investments from real estate, to Forex, ATMS and crypto. But, one investment was a massive failure so stick around to find out more. At 32, Scott Theaman catapults from financial struggle to multi-millionaire status in just a few short years. His inspiring journey offers a roadmap for young entrepreneurs and investors looking to achieve success at an early age.
The Power of Lifelong Learning
One of the key drivers behind Scott’s impressive rise is his commitment to continuous learning. As an entrepreneur, he recognizes the importance of following industry trends, emerging technologies, and best practices. By carving out dedicated time each month for reading, attending workshops, and building relationships with like-minded individuals, Scott adapts fast and make well-informed strategic decisions.
Scott’s appetite for knowledge extends far beyond traditional business topics. He has also realized the power of varied investment strategies, from real estate and private equity to Forex trading, plus a briefly failed dive into cryptocurrency. This diverse portfolio helps to mitigate his risk while allowing him to capitalize on a range of lucrative opportunities.
Turning Adversity into Opportunity
Of course, the path to entrepreneurial success is rarely smooth, and Scott’s journey is no exception. However, what sets him apart is his resilience and ability to pivot quickly. He embraces setbacks and failures, as valuable learning experiences and a potential springboard for growth.
In his early days, Scott finds himself involved with network marketing companies like Vemma and Enagic. Despite working long hours and achieving some success, he recognizes the limitations of these ventures. “Too much month at the end of the money,” Scott recalls about this period when he finds himself broke and in desperate need of a change. Scott then summons the courage to walk into a chiropractor’s office, and pitch his ideas for online marketing. Scott is thrilled when the chiropractor becomes his first client, and a new marketing agency, Beyond Marketing, is born.
Constructing a Marketing Powerhouse
Scott’s expertise lies in marketing for chiropractors targeted toward relieving depression through, ketamine, and TMS therapy clinics. His brainchild, Beyond Marketing, offers a suite of services including done-for-you marketing, business development training, and lead management software. All designed to help practices thrive and expand.
So, what’s the secret sauce behind Scott’s impressive marketing machine? “It starts with myself and early-on, I invested in a consultant,” he shares. This consultant teaches Scott how to: build his first system, hire a virtual assistant, and scale his operation.
As Beyond Marketing grows, Scott assembles a team of salespeople, client success managers, and operations personnel. He places emphasis on a positive and supportive team culture. “I never ask someone to do something that I wouldn’t do. If someone doesn’t know how to do something, I do it with them and I show them,” he explains. The results speak for themselves.
Today, Beyond Marketing works with over 80 clients, has a dedicated team of 17, and a salesforce of 3. In the past year alone, Scott’s company generated an impressive 6 million impressions and nearly 100,000 leads for their clients. Now the company’s revenues have rocketed from $500K to $2.24 million in a remarkably short timeframe.
Paying It Forward Through Mentorship
For Scott, success is about more than just personal achievement; it’s about helping others to reach their potential. Through his marketing agency, he is passionate about helping chiropractors and their mental health practices flourish. But, his commitment to giving back extends beyond his immediate client base. Scott networks regularly with other young entrepreneurs, openly sharing his experiences.
Diversifying with Strategic Investments
As Beyond Marketing continues to grow, Scott also focuses on expanding his investment portfolio. “I feel like I’m very good at business and I’ve developed that skill over many years. And now I’m learning to be an investor,” he shares.
In 2021, he takes the plunge into real estate investing, acquiring an impressive 7 single-family homes. He also invests in life insurance policies for their tax benefits, 50 ATM machines, Forex auto-trading, and a handful of promising private equity deals.
Scott also shares his losses realized through Crypto investing. “I didn’t really understand Crypto,” he says. He also acknowledges making costly missteps, such as not promptly cutting ties with underperforming staff. Still, Scott views these experiences as priceless learning opportunities. “Each iteration of your product and service will be better than the last if you learn from mistakes, and don’t make the same one twice,” he shares.
Your Roadmap to Entrepreneurial Success
If you’re a young entrepreneur or investor looking to learn from Scott’s journey, here are some essential takeaways to guide you:
- Embrace lifelong learning: Set aside time each day to acquire new knowledge and skills, relevant to your industry and personal growth.
- Cultivate a growth mindset: Approach challenges and failures as opportunities for learning and self-improvement.
- Remain adaptable: Be prepared to pivot your strategies with evolving market conditions.
- Actively seek mentorship: Surround yourself with like-minded and experienced entrepreneurs who can provide guidance, and support.
- Prioritize giving back: Look for meaningful ways to empower and inspire others through mentorship, and socially responsible business practices.
By applying these lessons from Scott Theaman’s journey, you too can accelerate your own path to financial freedom. Remember when exhibiting dedication, resilience, and a hunger for learning, there is no limit to what you can achieve.
So, what are you waiting for? Take that first bold step today and start turning your entrepreneurial dreams into a reality. The world is waiting for your unique genius – it’s time to let it shine!