How Amos Winbush III Started a Business with $250 and Now Earns $13.5 Million a Year

 

Amos Winbush III’s career path was not obvious and predetermined from the beginning. Before he became well-known, he sang R&B songs in front of microphones for a considerable amount of time. However, a routine incident that resulted in him losing 150 contacts and other important data from his first-generation iPhone served as the beginning of his entrepreneurial path.

He reasoned that a substantial portion of the millions of people who use mobile devices could be having the same problem if he could lose tunes he had worked so hard for without any prospect of getting them back. This served as his idea for starting the $13.5 million a year mobile phone backup server business CyberSynchs.

Early in 2008, Winbush was a singer-songwriter who worked 14 hours a day on his debut album while hopping from studio to studio. He talked to his business manager about launching a company to synchronize the data on his phone to other devices and make it retrievable in the event of an accident after the unfortunate experience he had with his mobile phone.

He found a software engineer through research who turned his insight into a company. In reality, he just needed $250 to launch the business, which he used to pay for business registration. At the beginning of the firm, many of the employees he worked with were unpaid. Tyler Thackery, his chief technology officer, was given ownership and guaranteed payment when the company started to turn a profit.

Winbush relied on his money from the music industry to sustain himself during the early phases of the business. He talked to his wife about the potential financial difficulties his choice would cause, and as he had expected, she gave him her full support. She used her experience as a PR manager to promote the tech company.

Despite being a beginner at running a business, Winbush had 13,000 subscribers in the first two weeks after CyberSynchs launched. To communicate his tale and explain why people needed to join up for the Platform, he made use of the influence the regional daily had in New York. Before he recognized it, the server was seeing irregular traffic after the Shreveport Times published a full-page report on his piece.

The only difficulty he encountered was that he already had 13,000 customers registered on the server, which had a maximum capacity of 15,000 users. According to future millionaires, he was concerned that it would crash and result in a PR issue for his company because he had pledged to protect individual users’ data and could not bear to let them down.He was able to increase the server’s capacity, nevertheless, after hiring several tech specialists.

Winbush, who has been leading the IT company for years, thinks that entrepreneurship requires more than just desire. To succeed, there must be extensive planning; else, the venture is doomed to failure. He points out that when operating a business, people must realize that they may experience rejection and should avoid thinking that they are despised or that their business idea is not well thought out.

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