Monday, June 11, 2007

Ian McDonald

Ian had no intention to leave the mortgage office that he successfully runs. Rather, he was looking for an opportunity that would offset the highs and lows that define the nature of the mortgage industry.

As the parents of two young children, Ian and his wife, Kathy place great importance on sharing quality time with their kids. Any business that interferes with that family time was out of the question.

So the puzzle to solve was: how do we diversify income sources and build equity without sacrificing family time?

We quickly found an ideal fit. Ian chose to become a franchisee of Interface Financial Group, a company that offers invoice discounting services to growing businesses.

Ian is able to leverage his network and relationships that he has built over the course of his years in the mortgage business. Those folks refer growing businesses to Ian, who then evaluates their suitability to take advantage of his financing services.

Ian's Interface business can be done during regular business hours so it doesn't take his time away from the kids; provides a new income stream to complement, not interfere with his mortgage practice; and establishes an equity-building business that he can potentially sell down the road. A trifecta, of sorts.

After hearing about the amazing start to his business since January, my bet is that this isn't the last we'll hear of Ian McDonald. I believe he's just getting warmed up.