Ep 012: Leaving a Legacy w/ Jay Magpantay

Jay Magpantay is a classic case of a serial entrepreneur. The man
is extremely busy, always juggling several projects at a time.
He’s the founder of EZDSIT, a clothing company that became well
known and respected in the Paradise Hills community. He teaches
individuals and businesses how to take their businesses online as
an online business trainer. And he is Co-Founder of Live Young
& Retire, a collective of individuals dedicated to living a
life of freedom.
STRATEGIES USED TO FUND BUSINESS

I was very fortunate to be able to self-fund my own project and
my passions. When I was in the Navy as a kid without a family,
without a wife and kids, without a home to pay for, you get to
save a lot of money, especially when you are out overseas not
spending it.
FOUNDERS

I was a bit of an artist, and my very first business was putting
my designs on clothing. I was out at sea and doodling on my black
book, and thought why I should just put this on t-shirts and sell
it. So I kind of just did this on my own.
WORST ENTREPRENEURIAL MOMENT

I did a lot of the work myself. Once the business took off, it
took me away from what I was best at, which was building customer
relationships and making sales. Because of that, the steady flow
of incoming customer and sales declined and I eventually had to
close up shop. It was a scary thing to hire someone full-time,
especially when starting out. So the lesson I learned from that
is to not do everything on your own. A good entrepreneur
leverages other people.
HUGE SUCCESS

I’ve built my business from my backyard to this big industrial
workspace in Santee, CA. Looking back, I still look at the
previous clients I’ve worked with and the relationships I’ve
built with them over the past two years.
SUPERPOWER

It would have to be crazy determination. I’ve had my fair share
of failures. I take the hits and I keep coming. If I’m not the
best at one particular thing, then I’ll find a way to make it
work or find the person that does know, and I’ll hire them.
KRYPTONITE

When it comes to business, my weakness is accounting. I took a
couple of courses in accounting and it required a high level of
concentration just to understand the material. Your financial
statements will give you a report on how you’re doing, and the
only way to do that is if you know your numbers.
IF YOU CAN HAVE ANY SUPERPOWER…

If I can fly, I’d be happy.
RECOMMENDED RESOURCE OR APP

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