Wes O’Donnell


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Wes O’Donnell is an American entrepreneur. Wes started Modern Workspace in 2013 and is based in Norton Shores, Michigan.[1]

Wes O’Donnell, founder of Modern WorkspaceWes O’Donnell, founder of Modern Workspace

Company

Modern Workspace

Location

Norton Shores, Michigan

Career

Early Career

No early career info added yet...

Modern Workspace

Wes started Modern Workspace in 2013. They detail the beginnings of their company in their Starter Story interview: [1]

Q: How did you get started on Modern Workspace?

When I started Modern Workspace, I didn’t have any sort of fascination or expertise with office furniture. I spent a lot of time on a blog called eCommerceFuel and the recurring theme there was "niche down".

I settled on office furniture and medical carts because I have a healthcare background and it made it easier to leverage the power of my old network.

In addition, my uncle ran a technology furniture business that specialized in videoconferencing. In the early days he let me dropship some of his products before I discovered World Wide Brands as a source for dropshipping suppliers.

For me, I was in an extremely precarious financial position. I had a six-figure income working for a medical company and I walked away to start my own business.

Actually, I came home from work one day and told my wife that my boss was so stupid, and I hated my job. She said, "If he’s so stupid, why is he the one signing your paycheck?" That’s when I realized that I could run a better business than my boss.

I lived off of my savings for a year as I built the company. We hit our break even point by about month 7 of that first year. This is rare, and I should warn that you should plan for 12-18 months before you break even, depending on your product and your network.

If I could do it all over again, I would have stayed at my full-time job and done Modern Workspace as a side hustle, and this is what I recommend to entrepreneurs that I coach. At least until you are earning enough to jump ship.

Source [1]

References

Contributors

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