In many companies, upper management either ignores or fails to recognize warning signs of fraud. The warning signs become more pronounced when the criminal tries to get away with more and more. If you’ve uncovered fraudulent activity or apprehended the perpetrator, you’ve accomplished a significant milestone toward regaining your financial footing. For example, consider the case of Wealth Accelerators, a management consulting firm.
Wealth Accelerators is a company that offers “Business-In-a-Box” style turnkey business solutions. The company operates a trucking automation system, which entails finding a truck for the client, hiring a driver, registering the truck with the appropriate authorities, brokering the freight, and coordinating the dispatching of vehicles. Because the service is fully automated, their customers can earn money while they sleep. In exchange for handling everything, they demand a cut of the earnings. They then agree upon a percentage of future earnings to share with the customer.
The automation of their eCommerce undergoes the same process as the trucking automation, beginning with FBA automation (Fulfilled-by-Amazon). Wealth Accelerators handles product sourcing and negotiations with wholesalers, logistics and warehousing, and transporting goods to Amazon’s fulfillment centers. They also list and optimize products for maximum sales and provide back-end customer service. The same holds true for automated Fulfilled-by-Shops and Walmart fulfillment services. Finally, the company uses YouTube Automation to passively create a channel for the client, including all content creation, posting, and uploading, to generate viral content and a revenue stream. They will be expanding upon these current offerings soon.
Wealth Accelerators was founded by Mike Sancho, who had a bad experience with a competitor and decided to do something about it. His desire to help others and the lessons learned led him to launch a similar enterprise to rescue others from fraudsters in the industry and provide them with superior options. There have been both good and bad times since the company’s inception, but the most devastating blow came during an embezzlement scandal that rocked the company. One of the company’s top executives stole well over a million dollars within two years. They were able to get back on their feet because they kept a positive outlook, worked hard, and weren’t going to let anything stop them. “We took it pretty hard, but it was a good lesson,” Sancho said.
Sancho acknowledged that the mentality of himself and his colleagues was crucial to the company’s success. He said the right mindset is essential to your success. It will help you get through the inevitable rough patches in any business. When starting a business, you need to be ready to overcome any challenge or unexpected circumstance that may arise. “If you don’t have a strong mentality, it could be detrimental to your business,” Sancho warned.
He recommends that newcomers seek mentors, sign up for coaching groups, or hire seasoned professionals for consultations. Today, you can find anything you need to succeed in the world. “If you want to be successful, you should hang out with other successful people because your network is your net worth,” Sancho said, emphasizing the importance of lifelong learning and improvement. To learn more, follow @wealthaccelerators on Instagram.