Once I have an idea of business conception in play, I welcome the ideas of those in my “circle of influence”.
As the founder and CEO of Nationwide Debt Reduction Services, Peter Jacoves remains fully dedicated to assisting consumers as they endeavor to overcome the burdensome difficulties brought about by debt. Relying on his entrepreneurial expertise as well as his deep understanding of the settlement default sector, Peter Jacoves has adeptly led Nationwide Debt Reduction Services and is responsible for creating the innovative, 50-state loan closing solution at the very core of the debt settlements company’s longstanding track record of success.
Nationwide Debt Reduction Services is not Mr. Jacoves’ only significant entrepreneurial contribution, as the prominent strategic entrepreneur is also quite well known for creating, developing, and launching the immensely successful and profitable Fuel Rewards Program. Mr. Jacoves, who holds numerous patents associated with the concepts behind the Fuel Rewards Program, continues to successfully leverage many similar marketing strategies in his role as CEO with Nationwide Debt Reduction Services.
The experience and expert leadership provided by Mr. Jacoves has ensured Nationwide Debt Reduction Services is poised for sustained success in an industry enjoying substantial growth that does not appear likely to abate at any point in the near future. Utilizing novel debt settlement solutions while also offering financial education services for consumers dealing with debt, Nationwide Debt Reduction Services is ideally positioned to achieve its consumer-focused goals due to the expert leadership provided by Mr. Jacoves.
Where did the idea for Nationwide Debt Reduction Services come from?
It’s no secret that far too many Americans are saddled with significant debt obligations, but the more important issue is the fact that very few of those dealing with debt understand the full range of options available to them. I founded Nationwide Debt Reduction Services to ensure consumers have access to the most ideal debt settlement solution tailored according to their specific needs.
What does your typical day look like and how do you make it productive?
My daily productivity is the result of a number of factors, but I frequently rely on a host of performance analytics to ensure I am focused on the most pressing issues facing the company.
How do you bring ideas to life?
I am a firm believer in brain storming and once I have an idea of business conception in play, I welcome the ideas of those in my “circle of influence”.
What’s one trend that really excites you?
Many innovative companies are using crowd funding as a means to raise capital. Crowd funding is not only a way to finance an idea, but will validate products before making substantial investments in product development.
What is one habit of yours that makes you more productive as an entrepreneur?
I rely on realistic numbers and focus on the capital outlay and expenses over projected revenue. I use data analysis and work off hard facts.
What was the worst job you ever had and what did you learn from it?
I was a waiter which actually inspired by first restaurant. I learned to respect not just the owners of an establishment, but to acknowledge wait staff and back of the house employees. Each person in a business plays an integral role in the success of the whole organization.
If you were to start again, what would you do differently?
I have learned to rely on data whereas in my early years I replaced research with my gut instinct. I don’t think I would want to start over as these mistakes were the building blocks of my pathway to success.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I recommend all entrepreneurs operate with an open mind and actively court insights and opinions from other professionals.
What is one strategy that has helped you grow your business?
Our most effective strategies for growth are deeply rooted in the tenets of direct marketing and a consistent focus on a consumer-oriented approach to communication.
What is one failure you had as an entrepreneur, and how did you overcome it?
I experienced a very difficult dissolution of a business and my then partner attacked the very essence of my character. I learned that people who judge don’t matter and people who matter don’t judge. My reputation as a solid businessman and good moral character remains the one thing that has carried me through.
What is one business idea that you’re willing to give away to our readers?
Given the growth occurring in the settlement default sector, it is only logical to conclude that a business built around providing a simple, straightforward, and entirely consumer-oriented approach to financial education.
What is the best $100 you recently spent? What and why?
I gave copies of one of my favorite book –“Like A Virgin-Secrets They Won’t Teach You in Business School”, by Richard Branson– to each of the most recent additions to our team at Nationwide Debt Reduction Services.
What software and web services do you use? What do you love about them?
I rely on quite a few different programs and services, but my personal favorites are the ones that provide key insights regarding some of our most critical performance areas, especially conversion, response, retention, and settlement performance metrics.
What is the one book that you recommend our community should read and why?
I’ll recommend the book responsible for reminding me that employees are our greatest asset:
“Like A Virgin-Secrets They Won’t Teach You in Business School”, by Richard Branson
What people have influenced your thinking and might be of interest to others?
The principles espoused by Warren Buffett surrounding margin of safety and value based investing.
I also emulate my financial icon Richard Branson who states the importance of taking care of employees and customers alike.
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Mario Schulzke is the Founder of ideamensch, which he started a decade ago to learn from entrepreneurs and give them a platform for their ideas.