Every day, tons of people come up with good ideas that can earn them money if they pursue them as entrepreneurs, help society if they simply share such ideologies and kick them into action, and bring joy to people’s lives. However, most people don’t act on such ideas; rather, they tell themselves they’ll act on them later – in most cases, these ideas simply slip the minds of people who develop them.
Thousands of solid ideas are born in the minds of individuals on a daily basis. Some people act on them, whereas others don’t – the latter group is many times larger than the former.
Southridge Capital, an investment firm currently located in the wealthy suburb of Ridgefield, Connecticut, was founded over 20 years ago on nothing more than the kernel of a solid business idea. Let’s explore how this business was founded, what it does to generate revenue, and important things readers could potentially pick up on and apply to their own personal and entrepreneurial lives.
Every good business has a good ownership interest and a good idea behind it
Stephen M. Hicks created Southridge in 1996. The well-tenured businessman’s career was effectively germinated after he found employment at a hedge fund in his home state of New York following the completion of both a bachelor’s of science certificate in business administration – this four-year degree came from Briarcliff Manor’s very own King’s College – and a graduate commercial degree in business administration – the latter certificate came in the form of an MBA from New York City’s Fordham University. For more details visit LinkedIn.
After working at the aforementioned hedge fund for roughly a full decade, his employer – the owner of the objectively-small alternative investment firm – informed the younger Stephen Hicks that he’d be closing the firm within a year.
Outside of working in various positions in financial services, Stephen didn’t have any idea of what to do outside of becoming an entrepreneur. As such, he sought and received mentorship and guidance from the owner of that now-defunct hedge fund to form his very own alternative investment firm; thus, Southridge Capital was born. You can visit their Facebook page.