Sean Belnick is just 24 years old but he is already a
millionaire. This young entrepreneur achieved success after starting BizChair,
an online furniture distribution company. The venture began with a focus on
office chairs and has expended into other types of furniture. In 2011, annual
company sales exceeded $70 million…not bad for a work at home business!
If you think Belnick is young now, you will be shocked to
learn that he started BizChair when he was only 14. While other teenagers were
playing afterschool sports, Belnick was developing a business plan.
Self-characterized as “an aggressive businessman,” Belnick said he is always
undertaking new initiatives and is not afraid of risk. To be so successful in
the current economy, he must have a tendency to put something on the line in
order to make a profit.
This young entrepreneur created success by seeing what other
companies did wrong. He created a company that bypassed retail furniture stores
and allowed customers to deal directly with the manufacturer. Belnick used a
Yahoo store account to ship furniture from the furniture manufacturing business
that employed his stepfather directly to its customers. The venture required
only $500 in advertising and grew quickly.
This business was initially headquartered in the teen’s
bedroom and featured 50 to 100 products. After six years, BizChair had 75
employees and offered more than 25,000 products representing approximately 200
manufacturers. The company now has a 327,000-foot warehouse and also offers
furniture for homes and schools as well as medical equipment, with free
shipping and below-list prices for most items.
Belnick said he was eager to participate in Secret Millionaire because his charity
and community giving did not match his level of success. He viewed the show as
a chance to increase his charitable efforts in terms of time spent and a major
financial donation. This millionaire did not approach the experience expecting
to learn anything specific but he claims to have learned a lot about
community-focused organizations and himself.
A week in Brooklyn was enough to create a connection with
organizations that benefit the community.
Belnick said he now understands the
impact of human touch on these groups. During his time in Brooklyn, the
millionaire went undercover to find unrecognized heroes of the September 11th
terrorist attacks. He met several firefighters who were still suffering from
the devastating aftermath of the tragic events. A group of children with at
least one parent in jail also served as an inspiration to Belnick on his quest
to give back to others.
The Secret Millionaire
episode featuring Sean Belnick airs on Sunday, July 29, at 8 PM Eastern Time.
Viewers say that witnessing how this show changes lives is the best part of
watching it. Belnick did his part by donating a portion of his fortune to
groups he deemed worthy. This young millionaire plans to expand his company and
with his new altruistic side, is likely to continue contributing some of its
profits to worthy causes like those he discovered while taping the ABC
television episode.
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