GreenSky Credit has become one of the most valuable fintech companies in the World. The rise of GreenSky Credit has helped Chief Executive Officer David Zailk become a billionaire. Zalik has realized that contractors are important. Zalik also says that the company looks at homeowners who are struggling to make payments. GreenSky Credit’s target market are borrowers who have solid FICO scores, as the company offers unsecured loans through a quick approval process.
GreenSky Credit has a model that transfers a lot of the risk and allows both sides of the deal to receive benefits. Contractors market the loans to homeowners while also paying GreenSky a portion of the loan amount. GreenSky Credit is able to avoid being held liable for defaults. Zalik says that the company sits in the middle of billions of dollars every year in loans. With such a scalable model, GreenSky could potentially replace credit card financing in the future.
About David Zalik
David Zalik’s family moved around often, eventually settling in Israel, where Zalik was born. Zalik’s family moved to the United States when he was a small child. Zalik’s favorite subject as a child was math. Zalik continued his education at Auburn University. Zayn says that his interest in entrepreneurship came from wanting to impress older girls on campus. Zalik eventually left Auburn to focus on his computer-assembly company.
At the young age of 22, Zalik sold the company and became a multi-millionaire. Zalik began investing in commercial real estate. Zalik then helped create multiple companies, including Outweb and Rock Bridge Commercial Bank. Zalik’s experiences through starting different businesses and working in different industries lead to the creation of GreenSky Credit. Zalik wanted to help offer instant financing to consumers. Zalik credits Capital One’s Nigel Morris for his substantial investment to help GreenSky increase its brand.
How GreenSky Works
Zalik is proud of the GreenSky mobile app, which allows users to receive a credit decision instantly on their tablet or smartphone. The loan money is delivered to the contractor in the form of a credit card payment. Consumers are eligible to receive zero-interest financing for up to two years.
Houston Texas woke up to one of the worst natural disasters of the year. And this came in the form of hurricane Harvey. The storm quickly overcame the city dumping 56 inches of rain. The rapid accumulation of rainwater quickly overcame the area’s ability to train. Leading to the streets filling up with water. Many homes were also overcome by the waterfall from the sky. Citizens of Houston Texas were trapped in their houses struggling to survive. This disaster came as a huge shock to all those who were affected by it. Many people were at a loss for words. This loss for an idea of what to say was paired with a feeling of not knowing what to do. Many individuals who had boats quickly took to the water to help out those in need. This bravery and altruism led to thousands being helped. This quick thinking on the part of the citizenry help support the efforts of government relief agencies that were quickly overwhelmed with the task of evacuating the flooded city.
Another instance of individuals or groups of people doing what they can to help in the event of the tragedy can be found in the efforts of stream energy. Stream energy is a direct sales energy company based in Dallas Texas. The company focuses on direct energy selling by incentivizing associates to build long-term relationships with loyal clients. The company offers varied products that range from residential services to corporate services.
Stream energy has created a branch dedicated to humanitarian efforts. Stream energy has established a long-term relationship with charities such as Habitat for Humanity and the Red Cross. This branch not only help to the citizenry of Houston Texas after the devastation associated with hurricane Harvey it also helps alleviate homelessness in the state. They do this by primarily aiding homeless children. Their charity gives basic necessities to those in need. It also believes in helping beyond the basic necessities. In this form, they help to create joy in a child’s life. They publish this by taking homeless children to water parks for the first time allowing them a day to just play without concern.
The main reason we join the business sector is to make profits. No one starts a business to make losses. Entrepreneurship is the main reason we have investors. The spirit of entrepreneurship leads people who are making investments. When an investor is making a decision to invest, he must be ready to deal with the challenges that may come on the way. This is a factor which will distinguish those who make it and those who fail. One of the main challenges that as an entrepreneur you will face these days is stiff competition which comes with the pressure on available resources. However, for a shrewd investor such as Sahm Adrangi, this is not something that can worry him. He expected it when he first ventured into the business sector.
Sahm Adrangi has had the benefit of working with various entrepreneurs. He had the opportunity of learning from others who were experienced than him about some the things to do and not do while in business. His experience working with other companies made him acquire knowledge that he would need when running his own company. The knowledge he got back then is now playing a significant role as he runs the operations Kerrisdale Capital Management.
Sahm Adrangi is an investment guru who understands what needs to be done to make a good investment decision. He has joined the industry long enough to know the challenges that are expected in the investment industry. Sahm Adrangi is qualified as a portfolio manager and a financial expert. One of the things he does in current job position is to avoid the pitfalls that he saw others in the industry make. As it is said, the experience is the best teacher, and that is exactly how he has been doing things at Kerrisdale Capital Management.
Sahm Adrangi stared Kerrisdale Capital Management with the aim of implementing the things he had learned from the investment sector. He was sure that he could do a better job while he was running his establishment. He has led this company with dedication and commitment to results. As his brainchild, he has made sure that everything is running according to the way he would love them to be.
Randy Ray and Wendy Lewis are not household names. But their company, Jeunesse Global, is quickly becoming one. Named from the French word for youth, Jeunesse has grown from a tiny garage-based startup to become one of the most dominant players on the international health and beauty scene.
When Ray and Lewis founded Jeunesse back in 2009, they wanted to create a different kind of company. No longer interested in the acquisition of additional wealth, the Florida couple instead wanted to found a company that would be able to spread economic opportunity to disadvantaged regions of the globe while helping people to reach their own health and beauty goals. This meant that Jeunesse, far from being a way to simply generate wealth for its founders, was predicated from the beginning on helping others, whether in the realm of money, looks or longevity.
This eventually gave rise to the Youth Enhancement System, a suite of products created by Wendy Lewis that form a comprehensive means of optimizing health and beauty while staving off the effects of aging for years or even decades. At the same time that Lewis was working diligently to create the company’s core product lineup, Randy Ray was developing a contagious business plan that would soon allow the company to recruit tens of thousands of distributors.
It has been the synergy between these two elements — innovative, effective products and strong economic opportunities — that has given Jeunesse Global its huge competitive edge, causing the company to more than double in size each year since its founding. But the element of opportunity has arguably been the most important thing behind the company’s rapid growth.
Jeunesse Global distributors have the ability to develop up to six different income streams from their Jeunesse business. The company’s more than 10,000 distributors have made hundreds of millions of dollars in commissions. This has turned hundreds of distributors into U.S. dollar millionaires, many who live in regions where the average daily wage is less than $5 per day.
But it also helps that the products virtually sell themselves. Jeunesse products have created some of the highest demand that the health and beauty industry has ever seen.
Aloha Construction is an exceptional construction company that specializes in siding, roofing, and gutter repairs. It serves Southern Wisconsin and Illinois in general. A family owns the company, and it operated as a contracting company. It was founded and established in 2008. Dave Farbaky is the founder of this great company. They are known for their great job in serving different homeowners. Aloha Construction is licensed, insured, and bonded. It is specialized in repairing and replacing the damaged roofs, gutters, siding, and fascia among many others.
The Better Business Bureau in Chicago awarded the 2012 Torch Award for Marketplace Ethics to Aloha Construction. The company was humbled to receive that great award. The chief executive officer of the company, Dave Farbaky works hard to ensure the company grows qualities in putting the needs of the customers, employees, and community first. Better Business Bureau recognizes those companies that are committed to providing honest and quality goods and services consistently for years. It consists of a panel of around fifteen judges. They chose Aloha Construction as the recipient of the year’s award. This was contributed by their history in rendering integrity and charitable services in Northern Illinois and Chicago.
One of the major reason for winning their precious award was the culture of Aloha Construction in putting their customers first. They understand that a customer is a vital person for the success of the company. They always appreciate their customers every year. They also completed over 20,000 roofing jobs in Illinois. Since it was established, they continue to provide high-quality services. They also offer free roof checkup every year. The inspections are free of charge. This ensures that the damages can be identified early so as the repairs can be made perfectly. Secondly, the company guards their employees well. They understand that when employees are taken care of the customers will be served cheerfully. It organizes for a fully paid resort week in Maui, Hawaii for the most performing employees to show their gratitude towards their hard work. The Better Business Bureau recognized these efforts among their dedication to serving the community. They have initiatives to support community activities as a way of giving back to the community.