Having founded four companies before the age of 25, entrepreneur Evan Tsaboukos is well on his way to becoming a global authority in arbitrage and investment. His brand, The Cash Kings, started out focusing on sports and horse arbitrage, but he soon expanded its focus to other investment opportunities, including blockchain and forex. He may still be at an early chapter in his career, but his principle-based approach to business and his focus on bringing change to a traditionally cutthroat industry has set him on a trajectory for major success.
Mr. Tsaboukos has always been adept at applying logical solutions to problems, thanks to his strong mathematics background. “I think business is all about solving problems. Everything in life is just about solving problems. The way to move forward is to keep doing that,” he remarks. He got his first big break as a student while studying to become an engineer. The drive to find a way to improve his finances was partially fueled by his frustration with the lack of challenge that a corporate career presented and partly by a need to become a breadwinner at a very young age.
Having to suddenly take on financial responsibility for a family of six at the age of 16 is an extremely stressful situation. However, Evan took up this responsibility without complaint after his parents divorced, and he, the oldest of five, had to step in to care for his siblings. Despite these struggles, Tsaboukos managed to build a strong foundation for his companies to grow and thrive. The level of maturity and dedication needed to take on such a task at such a young age served Tsaboukos well when he later decided to launch his own company.
Naturally, creating four companies comes with a steep learning curve, and as Evan will attest, there are a lot of important things to keep in mind when launching and growing a business. Tsaboukos has five crucial tips for entrepreneurs who are either just starting out or who are struggling to scale their businesses:
- Invest in appreciating assets and the core business operation.
- Stay strong. Business owners should never let a bad day get the best of them. There will be ups and downs, but it’s important to always remain strong-minded and keep moving forward.
- No one will see the reward from the work they do today. The rewards Evan gets today are directly associated with the work he put in two to three years back.
- Be very calculated when making decisions at the start. Numbers are everything.
- NEVER QUIT! You can’t beat a person who never quits.
These five golden rules have helped Evan through the hard times and challenges of launching each of his companies. His single-minded focus on looking forward and applying his mental acuity throughout has definitely paid off, and it’s cemented Evan Tsaboukos’s reputation as a game-changer in the arbitrage and investment community. Follow him on Instagram at @evan.tcks to keep up with this promising young entrepreneur.
