If you somehow have yet to hear of Ivan and Monika Tapia, you are in for one inspirational story. The two entrepreneurs are a classic encapsulation of the American dream, and a continually driven power couple to boot. It is rare to hear of a “started from the bottom” story these days, but that is what makes them so special. The inspirational essence of their story is not lost on Ivan and Monika, and they reflect on the roots of their success every day as they strive to achieve their main goal: helping others succeed.
Ivan was born in Tijuana, Mexico and grew up with the dream of becoming a professional baseball player. He was quite a prospect, obtaining a temporary visa in order to study and play baseball at Southwestern College in San Diego, California. As fate would have it, he soon injured his shoulder and was unable to ever regain the playing ability he had enjoyed prior to the incident. This would be just one of the many problems Ivan would face before achieving his gradual rise to success.
Ivan finished receiving his degree in civil engineering at San Diego State University, all the while showcasing his incredible work ethic by holding down multiple jobs and internships, and soon after found a career with a small engineering firm.
Unfortunately for Ivan and his wife, the financial crisis of 2008 abruptly sent them careening off course into poverty and debt. Ivan was let go from his job just before the couple could celebrate their first anniversary. The competition in his field and his relative lack of experience resulted in a lengthy stint of unemployment and struggle. Ivan and Monika lost their house, their car, and any positive credit history they had established. Their life was in ruins. As if the stress levels weren’t high enough, the couple moved back to Tijuana only to discover that Monika was pregnant with their first child. The desperate situation incensed Ivan to come to realize he must focus his efforts on becoming 100% self sufficient and self employed.
At this point, Ivan was merely dabbling in a multi-level marketing endeavor, making a worrisome $500 a month and barely able to afford his small house in Tijuana. Truly committed to one another, the couple held tight and gritted their teeth for years as Ivan slowly began to establish more consistent employment, while always developing his entrepreneurial goals on the side. In 2011, Ivan finally began making significant income through his MLM enterprise. By spending every waking hour outside his full time job focusing on his goals, he was exponentially increasing his income through his own efforts. By 2012 he “fired his boss” and has not worked beneath anyone since. The rocky road that Ivan and Monika traversed to achieve the level of success they enjoy has forever grounded them, and shaped their ultimate goal: to help a billion people.
His focus is training and developing people in the realms of leadership, personal development, finances, and communication. “When I train people my focus is to be a bridge and help them to go from where they are, to where they want to go.” He explains. When asked for his top tips for readers looking to achieve the success he has realized, one of the main pieces of advice he offered was this: find a coach and a mentor.
“Who are you listening to? You need a mentor in the industry where you desire to be successful. There are two ways of learning in life, by mentors and their experience, or by your own experience only. It will be less painful to learn from mentors, as it’s wisdom you’re obtaining from somebody else’s experience.”
Ivan muses. Both he and his wife have sincerely shifted their focus from pulling themselves from the deep rut in which they were cast 12 years ago, and set their sites on making sure that those with a similar drive and passion for hard work and persistence need not go to such incredible lengths as them to also enjoy a piece of the American dream.
Instagram : https://instagram.com/ivantapiav
Winners and Losers in the Digital Economy
Businesses around the world were forced to move to an online economy due to the COVID 19 pandemic. However, not all businesses will be able to make that shift and thrive. If you deep dive and take a look at the digital economy, you will discover winners as well as losers. Let’s take a look at some of the winners and losers.
Winners of digital economy
- Telecommunication companies
Online services are quite popular among people out there. That’s because, we use our internet connections and phones to get most of our work done. Due to the same reason, companies that offer internet and telephone services have a high demand. Telecommunication companies can expect to witness an increase in demand for the services in future. Hence, they are a clear winner of an online economy.
- Software development companies
People in today’s world prefer to use online platforms to get most of their work done. For example, we take a look at the online stores when we want to buy something. It is a convenient method available to get a product delivered without having to go out. To cater this demand, businesses have started getting their online selling marketplaces developed. Numerous improvements are done to those online marketplaces to deliver a better experience to the customers. On the other hand, digital economy has forced employees and students to continue with their work from home. This has also created a massive demand for the services offered by software development companies. Hence, software development companies are a clear winner of the online economy.
When you go through IB Economics Paper 1 Sample Answers, you will figure out how the businesses can thrive when they have an increased demand. All the businesses that belong to the above-mentioned industries have a high demand. Hence, they can get the maximum returns out of digital economy.
Losers of online economy
Now you have a clear understanding about the winners of online economy. While keeping that in mind, it is worthy to take a look at the losers of online economy as well. Here are some of the businesses that will probably take advantage out of digital economy to ensure their business success.
- Businesses in the hospitality industry
Businesses that exist in the hospitality industry, such as hotels, theme parks and even airlines will fail to thrive in a digital economy. They operate businesses, which cannot be taken online with ease. Along with the development of a digital economy, most of the people prefer to stay at their homes and get work done. This is creating a negative impact to the businesses in hospitality industry. That’s because those industries need people to move.
For example, we can see how the large scale conferences, trade shows and exhibition are now taking place online in the form of online conferences and virtual trade shows. This has led the companies in hospitality industry towards major revenue drops. As you can learn from Econs Tuition, businesses that have a drop in demand will not be able to sustain in the future, unless they go for transformations. However, the transformations available for businesses in the hospitality industry are also limited, due to the nature of business operations that they run.
- Child care services / adult care services
Child care services and adult care services are another loser in an online economy. We could see how these businesses receive lots of financial support during the recent past because of the impact created by COVID 19 pandemic. They are experiencing a significant drop in their revenues as of now. Some of the operators are even forced to close down their facilities.
In a digital economy, people are provided with the chance to get most of their work done while staying at home. For example, people don’t need to go to office to get work done. Due to the same reason, they can work from home and take care of their kids and seniors. This leads all the businesses that offer adult care services and child care services to lost business opportunities.
As you can see, there are winners and losers in a digital economy. Losers should focus more on how to get the maximum out of new business opportunities created with the online economy. Then they will be able to innovate and ensure the survival of businesses in the long run.
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