A Nigerian, Dave Obaseki, and two friends have successfully built a million-dollar automotive business in the United States. They achieved the feat in just one year. Obaseki, Brandon Medford and Eric Whitehead had been in the automotive industry for 10 years before coming together to establish PTG365 in November, 2017. They started in New York, but now have offices in Florida, Atlanta and Los Angeles.
PTG365 which stands for Prices Too Good 365 is an automobile dealership that makes it easy for individuals and families to own their dream cars without any hassles. Their services are tailored to the needs of low-income customers as well as those with bad credit rating. The firm is also partnered with several other auto dealerships as well as banks all over the United States. Aside this, they provide credit repair, credit restoration, new car sales, pre-car ownership, auto insurance and financial education services.
Long Hours, Sleepless Nights, Frustration and Setbacks Went Into Building the Business
The three friends resigned their high-paying jobs in the auto industry and established PTG365. According to them, they chose to combine their skills for a joint business of their own rather than spend their entire lives working for other people. And with their contracts with multiple auto dealerships and banks across the country, they provide dream cars at far cheaper prices to customers. There are also hundreds of public celebrities patronizing them and buying luxury cars from them.
According to them, it was not easy starting PTG365 and bringing it to its current status considering their young age and lack of initial supports. Obaseki said it was not easy getting the trust of clients and banks but they persisted, and today they are better off with the company. Whitehead said they invested long hours, sleepless nights, lots of frustration and setbacks to build and nurture the business from the ground up. Medford added the drive to show something concrete for their lives spurred them on in the face of all odds.
The three young leaders said it was not easy getting along at first, but they have learnt to put up with one another’s strenghts and weaknesses. Whitehead noted that considering their different personalities, being three helps to settle differences since two partners determine on the course to take in the face of any disagreements. Medford disclosed that “the hardest part was putting our egos aside and understanding our new roles as leaders.”
Fuel Your Own Fire Until Everyone Notices and Want to Stand Around Your Heat
According to the trio, the best part of running their business is getting clients approved for their favourite cars.
“The rush you get from finalizing an approval for a customer, completing insurance, and then delivering the car to the clients location of choice feels amazing!” Whitehead said. “It’s that element of a surprise where a customer actually sees the car of their dreams arriving right to their doorstep without any hassle not only makes the customer feels good, it makes me feel good.”
Having made a success of running a million-dollar car business within one year of operation, the three friends there is really no secret to their success outside hard work, dedication, learning new skills, and “never letting your foot off the gas.”
Their advice for future entrepreneurs? Obaseki advised you must do what the average person does not do to make it in life. Medford said entrepreneurs should not back down even when people tell them their dreams and visions cannot be achieved.
“When opportunity knocks at your door, kick the door down and force your way in,” Whitehead advised. “Don’t ever let anyone down play your dreams. [No] dream is too big. Not everyone will see your vision. But that’s completely fine. It’s your vision. So fuel your own fire until everyone notices and want to stand around your heat.”
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