Early Challenges For A Successful Entrepreneur

Alexei Beltyukov early beginning struggles, though unknowingly, helped to prepare him for a bright future as an entrepreneur.

After the Soviet Union fell, he found that his work as a doctor was not enough to support his family. He had to find a way to supplement his income. He found himself scrapping by doing different jobs. He tried his had at teaching, translating and even selling maze spray on the streets.

His first break came when a friend approached him with an offer to work as a salesman in a pharmaceutical company. In fact, the “sales position” was as a Marketing Coordinator. This is when he saw an advertisement for a business school. This schooling began his path in business.

In 2004, Alexei and a former colleague from his consulting days, wanted to establish a private equity fund. However, the Russian oligarch refused to give them the money outright. However, the oligarch stated that if Alexei and his colleague could prove their worth he would consider giving them the money. He asked them to manage a diverse portfolio of 18 companies. The two, took the challenge, and a challenge it was!

They found themselves, with a portfolio of 18 companies, with many of them on the verge of bankruptcy. They did prove their worth because between 2004 and 2006 they marketed the companies and closed 27 deals, buying, selling and spinning them off. The companies return on equity was 78%.

With this monumental success under their belts, they were free to independently start their own ventures.

Listed below are just some, and I must stress some of the businesses, that Alexei Beltyukov has created:

  •  Edemic Capital, April 2013 to present. It is an early stage tech angel investment club.
  • Mechanicus, 2007 to Present
  • 3. A-Ventures, January 2007 to June 2014. It is a management company that specializes in operational turnarounds of industrial companies.
  • Brunswick Capital, April 2003 to September 2004. It is a rail car leasing firm, now called Brunswick Rail.

As you can see, for Alexei Beltyukov, success didn’t find him, he found success through perseverance and hard work.