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How This Man Made The Leap From Homeless To Multi-Millionaire Entrepreneur

Skyler Ditchfield

One of the most powerful rags-to-riches stories is that of Skyler Ditchfield, a multi-millionaire entrepreneur, who had a troubled childhood in rural Ojai, California. He grew up in a broken home and was bullied and beaten up at school but managed to rise above his difficult circumstances to become mega-successful.

Even though Ditchfield ended up giving up on school, he still landed his first job in Silicon Valley. He took his first real corporate job as a Network Engineer II at the Private Network Management Center (PNMC) of MCI Worldcom in Silicon Valley where he serviced high-level clients such as JP Morgan, Goldman Sachs, Quotron, Reuters, and more. Although he was the youngest technician in the office, he was quickly promoted to Network Engineer III because of his outstanding performance. However, when the company relocated to the East Coast, he was one of two employees that were offered a transfer. He declined the offer, and instead, he decided to return back to his hometown in Ojai, California.

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Over the next few years, he experienced multiple business failures that left him facing massive debt and ruined credit. He even tried to open up a local nightclub which didn’t pan out, and he also became homeless for a time. On top of that, his life-long battle with Chrome’s disease took a severe turn for the worse, placing him in multiple month-long stays in the hospital. His disease got so bad, that the doctors said he only had a few more years to live. Determined to outlive their predictions, he found an experimental course of treatment on the Internet which miraculously worked. Then came what Ditchfield calls his restart button – he found out he was going to be a father. With renewed health and an unexpected daughter on the way, he found a new sense of motivation for life. He regained his health and aggressively got back in the I.T. space allowing him to climb out of debt.

Fast forward to a few successful startups later, he ended up discovering GeoLinks with his cousin Ryan Hauf. Skyler bootstrapped what began as a 2-person business out of his weight room in 2011 to what is now a 9-figure (and growing) business. GeoLinks became the fastest growing fixed wireless ISP in the country and Inc. Magazine’s 2017 Inc. 5000 NO. 5 Fastest Growing Telecommunications Company in America. Under his leadership, Ditchfield has led the company to record more than 100% growth for six years straight and is on track for a seventh. Some of his recent accolades include World’s Top 5 Best Businessmen of 2017, Entrepreneur of the Year 2018, and Top 100 Innovator in Diversity and Inclusion.

Skyler Ditchfield _ Photo BOBBY CURTIS_Acorn Newspaper

StarCentral Magazine recently sat down with Skyler Ditchfield to find out more about her journey to entrepreneurship and here’s what went down.

Can you describe your journey to success? When did you start? Did you ever imagine you would become this successful?

I don’t consider myself successful yet, however, I feel I have traction and am on the right path. While I appreciate the recognition, success, in my eyes, would be to permanently change the lives of all my staff and others for the better. My journey was described earlier; it’s been long, grueling, and hard. I’ve calculated that I’ve put in about 20 years of normal work hours in the last seven years alone at GeoLinks. I’ve always imagined the path to success would come sooner, and I find it frustrating not being able to achieve growth even faster than we already are.

What is your main source of income?

My main source of income is the salary I earn from GeoLinks.

What are you currently doing to maintain/grow your business?

I look at new opportunities every single day. Currently, I am evaluating expanding our network into additional states, further diversifying our product line, and exploring more government project opportunities.

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What is the toughest decision you had to make in the last few months?

I face tough decisions every day. The most difficult decisions for me end up being when I have to walk away from exciting and big opportunities simply because I know (from experience) it would stretch our team too thin, or we lack the resources.

What money mistakes have you made along the way that others can learn from (or something you’d do differently)?

I’ll say this—learn your accounting and always double check your books. Even if you trust someone else to do it, still learn and keep an eye on what’s going on, because if you don’t keep track of your cash, you’ll be out of business.

Skyler Ditchfield, Senator Hannah Beth Jackson, Ryan Adams

What have you learned in the process of becoming wealthy that others can learn from?

I am not wealthy in my own eyes… However, as perceived success grows, more and more people will mislead you, misrepresent themselves to you, and pretend to be your friend.

What new business would you love to start?

A health and nutritional products business—outside of GeoLinks and my family, health, and fitness have been lifelong passions of mine.

If you could go back in a time machine to the time when you were just getting started, what would you do differently?

Be ready. Be ready for more challenges and perceived failures than you can possibly imagine. Realize and prepare yourself for the fact that the problems that lie ahead will ultimately become opportunities, and never fool yourself into believing that the road ahead will be easy. Master that mindset now, and you’ll be primed for pushing through all of life’s roadblocks.

If you could go back in a time machine to the time when you were first making a name for yourself, what advice would you give yourself?

Just start. Don’t procrastinate or worry about putting yourself out there.

Once you’ve had the courage to start, have the confidence to know that results will come.

Skyler Ditchfieldz

Do you have any favorite business-related or personal development related books that you can recommend to other entrepreneurs?

Think and Grow Rich by Napoleon Hill and No Man’s Land: Where Growing Companies Fail by Doug Tatum.

What is the best advice you have ever been given?

Cash is king, know your accounting!

What advice would you give to a newbie Entrepreneur setting up their first business?

If you can’t sell your own product, don’t start the business. Furthermore, there is definitely such thing as growing too fast. It’s easy to get wrapped up in accelerated success, and thus make misguided business decisions on projections rather than facts. It’s okay to dream big, but remember, in order to have a business or achieve a mission, you must remain in business. Another element that can be lost in quick growth is culture. In today’s modern workplace, culture is paramount in attracting and retaining top talent. Thus, it’s imperative to never forget that you’re only as great as the team you’re surrounded by. Finally, one word of advice I give to all Entrepreneurs who are starting out is to follow your gut and fire fast. Every single time I have ignored my gut or procrastinated on a “debatable” employee, it has yielded negative results. The world is full of opinions, master the art of creating your own and trusting your intuition.

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Want To Become A Multi-Millionaire?? Follow These Three Simple Steps

Building wealth is probably the most spoken about topic across the world and will be for years to come. How to make money is the 24th most Googled question in the world that’s 246,000 individuals per month hoping to find answers.

You can earn more and save for your future easily, but many people get caught up in the old saying “You have to have money to make money.” If you have this mindset, you have already set yourself up for failure. The truth is you have to be driven, be willing to work hard now and invest so you see a return on capital.

Property won’t make you wealthy overnight, but it is a great first step to financial freedom – a great form of income for you and your family in the future. The Sydney residential property market alone has increased by 74% since 2012[1]. Sydney offers promising returns for investors and the long-term outlook for this market is positive.

Follow our three simple steps to wealth and find out just how easy it can be to build your wealth.

1. Using the family home to build a property portfolio

If you have equity in your own home, do you know that you’ve already taken the important first step in your property journey? That’s because the family home can be more than a great place to raise your children. It can be a powerful tool for growing your wealth and setting up your financial future.

After all, a lender may let you use the equity you already have in your home to fund the purchase of an investment property. That means you may not need any further deposit. Meanwhile, the rent your tenant pays should help you meet the cost of taking out your new loan.

2. Renting and buying simultaneously

Think you can’t afford to buy where you want to live but still want to get a foot on the property ladder? Try the ‘Buy and Rent’, model. Under this strategy, which PIA pioneered back in 2005, you can rent where you’d prefer to be based on your lifestyle, study or work. If you earn $70,000 annually, you could buy an investment property worth $650,000 for as little as $42 a week, out of pocket.

3. Helping the children

Worried your children will never be able to afford to buy property? By using the equity in your own home, you may be able to get into a property without the need to save a deposit. If they’re not ready to leave home just yet, you can secure and manage a tenant who’ll help pay off your loan until they do.

It’s never to later or early to start thinking about the future and making a plan, invest in property to secure a comfortable, stress-free future for you and your family, build your property portfolio and build your wealth.