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  31 Jul 2020  For entrepreneur Mohammed Shakaoat, failure is fuel for success

For entrepreneur Mohammed Shakaoat, failure is fuel for success

SPOTLIGHT
Published : Jul 31, 2020, 5:13 pm IST
Updated : Jul 31, 2020, 5:13 pm IST

After finding success in the ATM industry, Shakaoat wanted to give back to the platform that helped him achieve his calling

Mohammed Shakaoa
 Mohammed Shakaoa

Mohammed Shakaoat believes every failure can sprout change. “Every mistake or failure is a setback for a bigger comeback”, says Shakaoat.

His entrepreneurial spirit shined bright from an early age. Shakaoat’s career in business began in the halls of Hallandale High School in Miami, Florida reselling designer shoes, iPods, and PlayStation 2 games.

 

Building up enough money from flipping personal items to purchase his own car in the 11th grade, Shakaoat’s legacy throughout HHS is known by staff and fellow classmates as “Young Hustler”.

Shakaoat graduated from high school and attended a 4-year program in criminal justice at Florida International University.

With a degree in hand and a goal to pursue a career in law enforcement, Shakaoat felt like he was on top of the world. Success came to Shakaoat early as he quickly entered the force as a state trooper.

Six months into the job, Shakaoat came face to face with failure for the first time. Shakaoat knew that he had a passion for criminal justice, but his heart was being pulled by his desire of entrepreneurialism.

 

He made the difficult decision to quit his job as a state trooper after just six months.

While working in the force, Shakaoat watched a YouTube video about creating a self-sufficient business out of ATM machines. An individual would make money from the service fee charged when people withdrew cash from an ATM.

It was easy income with very little management responsibilities, meaning he could host multiple machines and bring in income — Shakaoat now owns 45 machines across Florida.

After finding success in the ATM industry, Shakaoat wanted to give back to the platform that helped him achieve his calling. He began creating YouTube videos of his own, educating others who wished to follow in his footsteps.

 

His channel quickly exploded in popularity, and thousands of users requested Shakaoat create a platform where they could learn more. Over 400 students now use his platform, ATM Academy (www.atmacademy.com) with the intention of starting their own ATM business journey. This was just the beginning for Shakaoat.

Mohammed used the money he made from the ATM business and (@atm__Academy) to enter the world of Amazon dropshipping.

Dropshipping is a business involving creating an online store and selling wholesale goods from factories in China at an elevated price point.

Dropshipping allows entrepreneurs to live and work from anywhere in the world, without holding any physical inventory.

 

“I made many mistakes when I first started,” said Shakaoat. “With time and the right relationships, I was able to turn mistakes into seven-figure returns.”

Amazon dropshipping introduced him to three fellow entrepreneurs who came together to create Project WiFi, a business aiding Amazon dropshipping companies for shares in their business. Shakaoat along with Andy Ta Kong, Marcello Cantu, and Paul Gerard Parker helped over 55 clients manage their brands and grow their dropshipping business. Project WiFi has earned over $19,000,000 in 9 months. Their clients average returns anywhere from $35,000 to $280,000 a month.

“We succeeded in each goal we set by having huge expectations,” he stated.

 

Despite being a millionaire, he says the moment that meant the most to him is when he quit the force to follow the feeling in his heart.

“My other success was leaving my state trooper job to become an entrepreneur. I will never regret this decision because I am a lot happier being my own boss,” says Shakaoat.

He feels as though he will never retire because he loves what he does so much that it barely feels like work. He plans to keep growing his brand and seeks to find new ways to help people all over the world achieve their dreams.

To keep updated with Shakaoat and his latest activities, you can find him on Instagram.

Disclaimer: No Asian Age journalist was involved in creating this content. The group also takes no responsibility for this content.

 

Tags: mohammed shakaoat, entrepreneur