Wednesday, Jul 01st

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You are here: Business Finance For that Bit of Entrepreneur in all of Us
Some companies hustle to make payroll, finding the journey to success to be a tough grind. Although staying focused only on the bottom line might be useful, it can also be limiting. In other words, the most successful companies are not just repositories of knowledge coupled to sets of “how-to” skills, but often begin with vision, attitude and the right mindset.

This is where Reagan Rodriguez excels. Rodriguez, owner of 5th Avenue Acquisitions and Venture Capitals knows a thing or two about entrepreneurship. In the beginning, he went from a driveway business, to a franchise advising business, to creating many small businesses that he could sell. “I was a serial entrepreneur, with the know-how to build and sell businesses at a very early age. I sold a business that I owned, then started another business and sold it too.”

Successful and wanting a larger project, in 2006 Rodriguez acquired the American Doctor Sales, a medical practice brokerage, turning it into 5th Avenue Acquisitions and Venture Capitals. Their niche market became buying and selling healthcare businesses, including those in the dental, veterinary, optometry and plastic surgery fields. “I was originally a business broker buying and selling businesses.” Why healthcare? Even during the economic downturn, financing was available from lending institutions and could be 100% for such businesses. In addition, a pool of people was created who, having sold their business, had money to invest into another.

Rodriguez selected as board members people with experience in the healthcare industry, in areas he lacked, along with good business experience. “I work with them as a think tank,” Rodriguez said, “almost like a master mind where we brainstorm for the company.”

The art of brainstorming has been successful. “We do work on projects we feel good about or that help in the medical field,” Rodriguez explained.  Among the projects Rodriguez is proud of include growing the venture capital for RN Medical, a company which sells Q Laser equipment, a low light laser that helps with pain relief. He also serves on that board. The company is doing very well and is quite innovative.

Among his goals are to focus on vision and having passion based on that vision. With the ultimate goal of having offices in all 50 states, 5th Avenue Acquisitions is working on adding partners in the US. The firm plans to grow through adding six new partners a year, and offer training and support by providing tools to help new partners develop the right mindset and attitude to build and run a successful business.

“It is the intangible projects that motivate me more than the tangible,” said Rodriguez.

For more information, please visit: www.5thaavc.com
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