How to manage risks in business, by Peña
As a leader in his industry, Victor Peña has made it his mission to build a community of entrepreneurs, passing down his business tips along the way. From a humble upbringing and immigrating to the United States at the young age of seven, to scaling his business, OmniPrint International Inc., to a multi-million dollar success, Victor understands the unique struggles aspiring entrepreneurs face.
He explains, “At the beginning, I tried to avoid fear, but that keeps you in a small comfort zone. If you can push past your fears, you can achieve anything and feel good about yourself in the process.”
OmniPrint International manufactures and distributes digital garment printers for entrepreneurs, clothing brands, designers, and print shops worldwide. With offices in California, Korea, and Mexico, this global success has been identified as one of America’s fastest growing companies by Inc5000. Victor and his team have also created award-winning products from scratch, a feat he credits to their willingness to take a risk. “Fear to me now means doing something out of my comfort zone, and I acknowledge that and keep pushing past it,” he says. “We take chances on projects we don’t know will work and we’re okay with that. We have no clue what we can’t do.”
Although he is extremely proud of his success in the print industry, Victor admits that he was originally motivated by the prospect of financial stability. However, he does not define success in monetary terms. He explains, “Success means happiness. It’s the feeling of accomplishing what you set out to do and being in a position to help others. At the beginning, you chase money, wealth, and being well-off financially. Now it’s about what impact you can make in the world.”
For Victor, this passion for making an impact has blossomed into several new endeavors. He notes, “I’m a principal owner of Hugo Holdings LLC, where we buy, hold, and manage apartment buildings with a mission to inspire positive living. I’m an angel investor and board member of Hundy Inc., a new app focused on positive, fair, short-term loans for people. I’m a growing philanthropist, helping causes related to helping our troops and our youth. Most importantly, though, I’m always striving to be a better husband to my wife, making sure she’s along with me on the journey of building an empire together.”
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