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What makes Entrepreneur Fito Salume the go-to turnaround specialist

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Starting a business is no cakewalk, especially if you are doing it from the scratch. A lot of time, energy, and money are invested in undertaking a new business. Understanding the market is the key to providing a product to the customer. In times like these, it is always a good idea to have a mentor who can guide you. Of course, you can always learn while on the job since experience is the best teacher, but learning from an established businessman like Fito Salume, who has over 50 companies, is a much better way to launch your career.

“The ability to think on your feet, make quick decisions, and finding instant solutions is indispensable for building and managing businesses. When you manage one company well, you can manage them all,” says Fito. He adds that he loves what he does, seeing it as a way to create a workplace that highlights the importance of one’s culture and respects others. “Motivation is crucial in any scenario, more so at a workplace. If you teach people to strive towards their potential at any cost, you are teaching them to be better than what they are at present,” said Fito. The trick, according to Fito, is in looking at the bigger picture and thinking long-term. Work slowly to build your experience and your company, thus ensuring that you can remove failure from the equation.

Fito is well-known in his tribe as the “business-builder.” He has a proven record of accomplishment of purchasing and heading staggering business and then turning them around into money-making endeavors. He purchased a 50% control in Spartan Chemical, Colombia about 3 years ago when the company was not doing as well. Since then, the company has seen an increase of more than 20% in sales and has become one of the largest companies for sanitizing chemicals. Fito has had similar success with companies like Limpius Ecotech, Mister Donut, and others.

It is more than just running a business for Fito, who has already overseen the running of several dozen companies. As a dedicated family man with six children, he has made it his mission to help the amateurs. Fito promotes the charities he has founded that help low-income families to get back on their feet.

http://www.netnewsledger.com/2020/10/26/an-exclusive-interview-with-serial-entrepreneur-fito-salume/

https://finance.yahoo.com/news/conversation-fito-salume-talks-entrepreneurship-192357250.html

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Lifestyle

From Wealth to Fields: A Billionaire’s Commitment to Small Farmers

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In recent years, billionaire Stefan Soloviev has transitioned from the world of New York real estate to the fertile farmlands of the American West. 

His journey from urban wealth to rural development showcases a unique dedication to revitalizing small farming communities and transforming the agricultural landscape.

A New Vision for Agriculture

Stefan Soloviev, son of the late real estate tycoon Sheldon Solow, has amassed a considerable amount of farmland across Colorado, Kansas, and New Mexico. Soloviev’s agricultural enterprise, Crossroads Agriculture, spans over 400,000 acres, making him one of the largest landowners in the United States. 

This substantial investment is not merely a financial venture; it represents a commitment to supporting and empowering small farmers in these regions.

Soloviev’s approach to farming is characterized by his desire to move away from competitive practices that often leave small farmers struggling. Instead, he emphasizes collaboration and sustainability. 

By leveraging his resources, Soloviev aims to create a farming environment where smallholders can thrive alongside larger operations. This philosophy is particularly evident in his strategic acquisition of the San Luis & Rio Grande Railroad, a critical transportation link for agricultural products in the region.

Revitalizing Rural Communities

Soloviev’s impact extends beyond farmland acquisition. His purchase of the San Luis & Rio Grande Railroad at a bankruptcy auction for $10.7 million highlights his broader vision for the agricultural sector. 

This railroad, previously owned by Iowa Pacific Holdings, connects the San Luis Valley to the national rail network, facilitating the efficient transport of goods and boosting local economies.

The acquisition is seen as a positive development for the San Luis Valley, with Soloviev’s Colorado Pacific Railroad expected to be more community-focused and supportive of local initiatives compared to the previous owners. This includes potential cooperation with local recreational projects, such as the proposed Heart of the Valley Trail, which aims to integrate rail and trail use for community benefit.

Soloviev’s dedication to the region is also reflected in his willingness to work with local stakeholders to address community needs. His approach contrasts with more traditional, profit-driven business models and underscores his commitment to fostering a sustainable and inclusive agricultural ecosystem.

Building a Sustainable Future

Soloviev’s investment in the Colorado Pacific Railroad and the broader agricultural infrastructure is part of a long-term vision to create a more resilient and sustainable farming community. By improving transportation networks and providing support to small farmers, he hopes to mitigate some of the challenges these farmers face, such as market access and transportation costs.

Moreover, Soloviev’s initiatives are seen as a way to preserve and enhance the rural way of life, which is increasingly threatened by industrial farming and urban encroachment. His efforts to balance economic viability with environmental stewardship demonstrate a nuanced understanding of the complexities of modern agriculture.

In conclusion, Stefan Soloviev’s transition from urban real estate mogul to a champion of small farmers is a testament to his innovative and community-oriented approach. 

His significant investments in farmland and infrastructure, coupled with a commitment to sustainability and local engagement, are paving the way for a brighter future for small farmers in Colorado and beyond. Through his efforts, Soloviev is not only transforming

the agricultural landscape but also setting a precedent for how wealth and resources can be used to foster positive change in rural communities​. 

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