Healthy Finances: Lessons from Entrepreneur Who Went From Broke to Millionaire

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By: Krystle Crossman

Being wealthy is a goal that so many strive for. We look at having a lot of money as a sign of success but along the way find that we are heading in the wrong direction. Serial entrepreneur Tomas Gorny was one who only chased after riches and ended up losing millions.

Gorny grew up in Poland, living in poverty. He came to the United States when he was 25 years old and started up a company. He made millions but wanted even more. Due to his constant pursuit of the almighty dollar he ended up losing everything. He sat back and looked at what he had done wrong so he wouldn’t make the mistake again. He started another company and now has a staff of 500 employees. He sat down for an interview with Brian Hughes, a contributor for entrepreneur.com, and told him the four most important things you need to know about building wealth:

1. You cannot be afraid to fail. Failure is a huge part of building your own business. You are going to have times where you feel like you can’t do anything right or the pressure is too much. How you handle the failure is what will define your future as an entrepreneur. Take risks. Don’t be afraid of a new idea or process. If it fails it is just an opportunity for you to reinvent a process or come up with new and better ideas.

2. If you are only focused on the money that you want to make you will never get ahead. Gorny said that when his business failed he looked at what he was doing wrong and it was focusing on money. Now he applies the principal of giving the best value and service to the customer that he possibly can because they are what is most important to the business.

3. If someone has an accent that is different than yours or they dress a little differently, you shouldn’t underestimate them. When he first came to America Gorny said that people pushed him aside because of his Polish accent. It only made him work harder and he is now well-respected in his community.

4. The most important part of any business is the customer. Without them you have no business. Gorny says that you need to be able to look at everything that you do through the eyes of the customer that you are serving. Think about the service that is being provided and whether it would meet your expectations if you were the one dealing with the company. Think about how you can make things easier for the customer to give them a more pleasant experience.

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