ROADSTARR
IMPORT
Twin brothers Hussein and Hassan Iddrissu moved from Ghana
to the United States at age 10. They enjoyed a privileged
upbringing, eventually making their way into corporate
America. Friends often commented on their fine cars, inspiring
the brothers to found ROADSTARR IMPORT, a customization
company for exotic luxury import cars. Upon developing
a business plan, Hassan requested a $100,000 SBA loan,
which was rejected. The rejection only motivated the brothers,
who consequently financed the company from family support
and from their personal earnings from their corporate
jobs. Hussein works diligently to promote the company,
attracting wealthy rappers and basketball players. The
brothers hope to expand their company in Moscow, which
is home to the world’s largest population of billionaires.
LA
PLATA CIGAR CO.
Victor Migenes, Jr. inherited LA PLATA CIGAR CO. from
his father, Victor Migenes, Sr., who grew up in the tobacco
fields of Puerto Rico. Given the choice of maintaining
the company or selling it, Victor Jr. continued the tradition
that his father founded in 1947. He struggles to increase
the company’s profit margin because of the high
tobacco taxes in California, but he keeps the company
because of his love of cigars. In 2003, he relocated to
the 2nd Street Cigar Art Gallery, a unique venue that
combines a traditional cigar lounge with an art gallery.
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In Secrets of Success, Pam Adams (949-756-0353
x235) of A.G. Edwards and Sons, Inc. is a financial planner
who encourages small business owners to invest in themselves,
especially in the form of real estate.
Studio Guest Kwame Granderson (www.equityispower.com)
of Equinaire discusses the power of equity to leverage
into other assets.
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