An entrepreneur is without doubt one of the many hats Eric Whitehead wears. As proprietor and CEO of PTG365, Costs Too Excellent 365, a luxurious automobile dealership, he’s an automobile specialist and grasp of comfort. Whitehead is a tender millennial who’s created a $10 million trade via his interest for luxurious automobiles and cutting edge pondering. Mulatto, 50 Cent, T.I, Gucci Mane, and Keyshia Ka’oir Davis are only a few of his famous person purchasers.
PTG365 provides an expansive vary of automobiles, from luxurious to on a regular basis, and even if the dealership has a bodily location they may be able to ship automobiles to the doorstep. As Whitehead expands and rebrands his trade, he desires to provide recommendation to others who need to discover identical paths of entrepreneurship.
BET.com had the excitement of interviewing Whitehead. Right here’s what he needed to percentage:
BET.com: What is the inspiration at the back of PTG365?
Whitehead: I have at all times had a keenness for automobiles since I used to be younger, particularly unique and comfort automobiles. In highschool, I had a mentor who used to be a finance director within the auto trade and he used to be a success. At 17, I began promoting automobiles and made about $100,000, which modified my lifestyles. I used to be at all times an entrepreneur and had the power to be my very own boss. I sought after to do one thing to create a legacy for my circle of relatives.
BET.com: What used to be the method of creating PTG365 and did you’ve got any setbacks?
Whitehead: Others see a success other people and most effective see the product in their hard work. They don’t believe the hardships that cross into construction a trade. I am going via trials and tribulations on a daily basis as a result of I’ve to be told such a lot of issues alone. I don’t have somebody advising me or serving to me in the course of the means of proudly owning my very own dealership. Once I labored for employers, I didn’t have to fret in regards to the operations of working a trade and I liked it. But it surely dawned on me that I used to be operating onerous for somebody else’s dream as an alternative of my very own. As an entrepreneur, I put 100% of my power into myself. You at all times have to bear in mind your targets and that there’s at all times a gentle on the finish of the tunnel.
Guess.com: How are you revolutionizing the auto trade?
Whitehead: Generation is instantly advancing and you can not fall at the back of in any trade. Being futuristic permits my trade to stick forward of the curve and adapt to the days. As an example, I began my trade handing over automobiles to other people’s doorsteps with a purple bow tied round it. I used to be forward of the curve and when the pandemic hit and other people did not need to come into the dealership, I endured my fashion of handing over automobiles to other people’s properties and permitting purchasers to just about be in contact with us. I additionally advanced an app referred to as Cars365, which supplies virtual auto gross sales from the relief of your house and get in touch with. It’s additionally an auto concierge provider. Other folks don’t take into accout to maintenance their automobiles, so I advanced a machine for my app that retail outlets each element of your automobile—rates of interest, down bills, plate renewal dates, VIN numbers, and extra. You’ll be able to additionally retailer your driving force’s license, identify, insurance coverage card and automobile contracts. My app simplifies the method of shopping for and proudly owning a automobile and it is unfastened.
Guess.com: How are you balancing the obligations of being an entrepreneur?
Whitehead: I created the speculation of PTG365 and incorporated my former buddies, Brandon Medford and Dave Obaseki. You turn out to be comfy you probably have others in command of portions of an organization. Now that I’m now not operating with the ones guys anymore, it is tougher as a result of I’ve larger obligations. I’m restaffing and restructuring the trade, whilst additionally balancing my private lifestyles—I’m engaged now and booked on other tv displays. I attempt to paintings smarter and now not tougher and recognize the place God is taking me. I devour healthily and keep hydrated so my mind can focal point. I’m now not afraid to invite for lend a hand and I’m a strategic philosopher. Those are characteristics that lend a hand me be informed such a lot and care for the entirety each day.
Guess.com: What are 3 guidelines you could possibly inform younger Black individuals who need to get started and handle a trade?
Whitehead: Originally, the method is 80 % psychological and 20 % bodily. The toughest phase about beginning a trade is focusing your thoughts at the purpose. While you focal point at the job handy, the execution of your enterprise turns into more uncomplicated. To your adventure, you’re going to lose family and friends. Other folks’s intentions is not going to at all times be natural and they’re going to have many motives. However it is alright to isolate your self from any negativity and concentrate on your targets. Gaining and keeping up luck can be tough, however don’t surrender.
Secondly, you need to discover ways to be the most productive you’ll be and display up on a daily basis. Learn numerous books and keep tuned to what is related on the planet. Observe podcasts, movies and displays about trade and information. These items can take you to the following stage.
Finally, networking is vital, as a result of other people can’t run a trade on their very own. Some other people love to boast about being “self-made”, however you’re by no means self-made. From cleaners and drivers to trade companions, there are at all times other people serving to you alongside the way in which.