Chase Rubin is a successful financial adviser who started his own business coming from working in a corporate world. Starting as a liaison officer in a financial firm, he began attending seminars and conferences about investments and developed his confidence over time. This allowed him to gain more knowledge and expertise before attempting to branch out on his own.
At present, Mr. Rubin owns a private financial advising company called Conversion Masters, along with his publication called Rubin Investments Newsletter. He sends his clients pertinent information about stocks, bonds, mutual funds, ETF and other forms of potentially profitable investments to help them make informed decisions.
Chase Rubin also began his real estate business a few years after dipping his feet into the world of financial advising. As a financial adviser, he became interested in expanding his portfolio and sources of income. His attempt to expand became a success, as he now owns several properties being leased for commercial and residential purposes. He is also currently buying and selling properties that yielded to satisfied clients nationwide.
They say that 80% of startups fail, but yours managed to be successful. What is your secret?
A lot of people think that success stories in startups are always an overnight success. They think that it’s all a matter of luck or coincidence, that the entrepreneur is just at the right place at the right time. I think the secret to having a successful startup is not just given by chance, it all comes down to learning from your own experiences and others as well. Every failure or mistake is an arrow that points you toward reaching your goal. Entrepreneurs may think failure is a sign that they should quit. But instead of listening to that voice of defeat, they should ask themselves, “What can I learn from this? If there’s something about this that didn’t work, what did?” It’s all about integrating what works and leaving behind what doesn’t work.
When did you start becoming profitable?
Financial advising is a competitive field, yet a few people strive to be successful. It took me about six months before I started becoming profitable. I had some connections having attended hundreds of conventions and seminars when I was still working for an investment firm. In a way, I already have some form of authoritative presence in my industry. So when I branched out on my own, I used the power of the internet, social media and my offline connections to build my audience and clients. The key to becoming profitable is to be consistent in what gives you success, even if it means it gives you results little by little.
What is the biggest challenge you faced as an entrepreneur?
I think most people who are self-employed would have to agree that it takes more discipline to work for yourself rather than to work for a company. In a company, there are deadlines to meet and a schedule to follow. When you work for yourself, you are opening doors for freedom and independence in your time. This is what makes the work challenging, as I would tend to slack off when motivation doesn’t come to me. To avoid this, I have to treat my business like it’s a job, so I would be disciplined enough to finish the tasks ahead. It’s not easy, but the results of self-employment are very rewarding.
Describe your typical day.
My typical day would be waking up as early as 7:00 am. I do my morning hygiene rituals before heading out to my personal gym for a 30-40 minute workout. I usually do cardio for 20 minutes and weight lifting for another 20 minutes. I believe that maintaining your vigor even as you age can help you perform better in daily tasks. After showering, I make breakfasts usually with whole wheat bread, eggs, and a fruit. I get done with this by 8:30 am, and I’m ready to do my work. I head to my personal office and start answering emails, doing client consultations, as well as publishing in my newsletter. If I have personal meetings, I do them 1:00 pm onwards. My day is usually done by 5-6: 00 pm.
What do you think is the most important trait of a successful entrepreneur?
I believe that a successful entrepreneur is always a risk-taker. The reason why people get stuck with jobs they don’t like is because they fear the change and prefer to stay in their comfort zones. That goes the same for business. In order for your business to be successful, to expand, or to even begin, you must be willing to take risks. I remember a person once said, “A winner is a loser who just tried again one more time.”