A millionaire by age 25
Business: Pool cleaning
Stewart Vernon, of Macon, Georgia, was always entrepreneurial, running a door-to-door car-wash and detailing business when he was a teenager. When he graduated from college, he knew he wanted to start his own business and saw a need for better service in the pool-service business.
So, he used the few thousand dollars he’d saved up in college and in 2001, bought truck and some chemicals. And, he spent a few weeks shadowing a local pool cleaner who was about to retire. To get customers, he went door-to-door.
The first four years, the revenue of ASP Pool and Spadoubled every year, making him a millionaire by 25. Today, he’s franchised that business, teaching other entrepreneurs, not only about the pool-cleaning business, but about how to become a millionaire within five years. There are 56 franchises throughout the southeast and a couple of them are coming up on that five –year mark – and their first million.
His advice? “No matter what job you’re taking, deliver your product and back it up with exceptional service. That is what will separate you.”
Tune in to CNBC Thursday, Oct 21 at 9pm for “How I Made My Millions.”