 Hey guys, my name is Wilson and today I'm going to share something a little bit much more personal to me. I want to tell you a little bit more about this decision that I've made. I know previously I've made this decision already I've shot videos on you know quitting my braking motor many many times actually two videos I've recorded on that but now this is actually truly happening. I am not quitting but I'm transitioning and shifting all my focus from being a braking motor entrepreneur into becoming an e-commerce entrepreneur and the reason why I'm doing that is because currently I'm running two different braking motor business we're running more than seven figures and with this business yes it has provided me financially freedom and then also a lot of satisfaction being able to deliver happiness to a lot of people with my carnivals business now for us to do seven figures we employ more than a hundred staff our percentage for labor is around 26 percent our rent is around 28 percent and our cost of goods sold is another 20 30 percent I would say so that only leaves me with 25 percent or so of the bottom line in terms of the profits and on top of that it is so difficult to fail I know previously two years ago or three years ago when I first started 720 sweets I had a vision to create a hundred different franchises once I got into it I realized it is much much much more difficult and very not worthwhile for that matter to be completely honest with you I truly believe I can still create that hundred franchises to still go through the grind and the hustle I'm doing so but then I realized the return in running a braking motor business is nowhere close to running an e-commerce business just to share some stats with you running an e-commerce business you do not need high rent because basically you just need an office environment it doesn't matter if you're running a five million dollar business ten million dollars ten million dollar business you're still only renting an office running an e-commerce business because all the inventory that you have there you have third party to actually deal with all the fulfillment on the top of that you can actually scale much quicker and much bigger without added costs previously I ran an event it's called Vancouver winter wonderland I invested over half a million dollars in running an event I planned over six months on this event the amount of stress the amount of trouble that I had was just insane now the return I broke even for the event but it was one of the hardest times of my career if not my life and she went to a semi-depression after that I didn't leave the house for three months and that's just to say that if I were to keep expanding in this braking motor business yes half a million dollars I might be starting to make you know a hundred thousand two hundred thousand three hundred thousand for that matter for running an event yes still very good money but on the other hand if I were to invest the time the energy and the resources and the finance in running an e-commerce business the chances of success and the skill ability of that it's much higher I'm not only limited to local people that can consume my product and my services I can sell to the world I can sell to people from the states to Asia to anywhere Europe for that matter which is the reason why I have decided that I'm done with the 10 years of braking motor I'm done with hiring hundreds of people dealing with all these back and forth and synthesizing them I'm having all the paperwork and everything to deal with running a braking motor business which has a limited amount of potential and I'm going to focus entirely on building a brand on e-commerce not just selling specifically on amazon but building a brand which I can position to sell in the future running an e-commerce brand they have a lot of advantage of lower cost in rents as I was saying lower labor as well because at the end of the day I don't need to have someone serve 200 different ice creams a day I can have set up the systems I can set up the sales funnel I can set up the website and automatically people are buying online so I don't need someone monitoring day in day out just because the website is making a hundred thousand dollars I don't need to add an extra person actually packing it because it's already worked into the cost of good solds now the third is obviously the scalability of a business that is a e-commerce business which is the reason why I feel like I'm in a very interesting stage of my career where I can transfer the 10 years of experience running a braking motor business and all the branding that is necessary to make these brands work into a e-commerce business I'm super pumped up for that I'm just it's so much more difficult to create a brand that works in a braking motor environment because you actually have to get people to come out of their home get out of the comfort right so if I can actually transfer the skill set that I've been able to have attained the level of success that I had in the braking motor environment into the e-commerce business then I can see that the possibility of success it's going to be much higher and I can't wait to share this journey with you and I really really hope that you can follow along this journey and actually learn alongside with me and I'm going to show you exactly how we're going to build this brand new brand and brand new e-commerce business alongside with you so if you are interested in this transition if you're considering building a business whether it be a food and beverage business or e-commerce business follow along the journey I'm going to share with you in the notes otherwise leave me a comment section in the comment section below and tell me exactly what you think if I made the right decision or not nonetheless hope you guys enjoyed this video give me a thumbs up I'll see you guys in the next video