In this exciting episode, we have a special guest, Juan Jeronimo, a successful Latino entrepreneur who has built a thriving business in the ATM industry. Have you ever wondered who owns the ATMs you see at barbershops, gas stations, and other locations? Juan went from working on an oil rig to becoming the CEO of ATM Together, and he's here to share his inspiring journey and insights on starting an ATM business from the ground up.
Episode Highlights:
Meet Juan Jeronimo
Latino entrepreneur
CEO of ATM Together
Transition from oil rig worker to business owner
Background Story
Juan's upbringing and early career
Journey from worker to business owner
ATM Business 101
Overview of the ATM business
What a typical day looks like managing 20 ATMs
Setting Up an ATM Business
Establishing a business (LLC)
Sourcing machines: where to get them, cost, types (including Bitcoin machines)
Understanding ATM processing fees
Finding and Securing Locations
How to identify and secure the best locations for ATMs
Contacting and negotiating with location owners
Making Money with ATMs
Revenue generation from ATMs
Managing cash flow and paying yourself
Return on Investment (ROI)
Timeframe for recouping your investment
Options for those without initial capital, including credit solutions
Scaling the ATM Business
Strategies for scaling the business model
Adapting to a cashless society: addressing the trend of increasing credit card use
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