The world is becoming a place with endless opportunities. Entrepreneurship has gained an unbeatable peak in this era. People with skills are more valued than those with expertise in only one field. There are a number of reasons why entrepreneurship is on the rise. For one, it offers workers more control over their careers and lives. It also enables them to pursue their passion and invent something new. And finally, it provides them with the opportunity to make a difference in the world.
Entrepreneurship has become important as it creates employment, community development, and improved national income while facilitating research and development. Moreover, entrepreneurship promotes innovations that lead to better living standards and effective social changes. It also facilitates the introduction of new goods and services, which can have a rippling effect on the economy by stimulating the growth of related industries.
Entrepreneurship goes beyond research and discovery by commercializing innovation for the greater benefit of society. Through the provision of unique solutions, entrepreneurs break away from tradition and hence reduce the dependence on obsolete procedures and technologies. It will result in improved quality of life, greater morale, and economic freedom for bringing further innovations.
With the same objective, Sandro Salsano, an Italian-born self-made entrepreneur, investor, and philanthropist, entered the business world. Born on 25 September 1979 in Lecco, he displayed immense dedication, with his stellar academic background, and extraordinary skills to the world. There is no doubt that it was his constant struggle that gave him world recognition.
Being an exceptional kid with an uncommon mind, he joined Bocconi University, Milan. His passion for the business world intensified when he completed his MBA program from the University of San Diego, California. He later joined Harvard Business School, Princeton, INCAE, and Oxford University to make his dreams come true. The expertise he collected from these top-notch business schools facilitated his skillset and increased his eagerness to achieve his desired success in the business industry.
He started Salsano Group in 2008 after he sold his stake of an investment bank to Goldman Sachs. This was just the beginning of his success path. He reinvested the proceeds in distressed real estate and venture capital averaging over 30pc IRR. In January 2014, he was honored by the World Economic Forum as a Young Global Leader (YGL). This honor is bestowed by the World Economic Forum each year to recognize the most distinguished and inspiring leaders under the age of 40. This recognition proved the revolution Salsano was bringing into the entrepreneur industry. Past Young Global Leaders include only the most prominent names of the business world, including Mark Zuckerberg, Larry Page & Sergey Brin, Elon Musk, Leonardo Di Caprio and Jack Ma.
Forbes recognized the kind of innovations Salsano was bringing into the industry and named him the Warren Buffet of Central America in March 2019. He was also ranked as the 6th richest billionaire entrepreneur in the region in 2021. Several platforms, such as Bloomberg and CNBC, also featured his work on their platforms.
Moreover, Salsano is known for making wise decisions and selecting projects with high risk adjusted returns. Because of his diversified investment knowledge, he sits on the board of different companies as both a shareholder and an advisor.
His mentors include Warren Buffett and Mike Milken.
Contrary to prevailing investment and financing theories, Salsano does not believe in debt as a growth tool. It does not mean that he is not capable of recognizing the boost that it can provide to private capital or venture capital firms. Still, he prefers to reinvest the liquidity that the companies he participates in provides him with. His investment horizon is 10 to 20 years.
Salsano believes in leaving a legacy of inspiring more people, especially the youth. When asked about his dream in an interview, he replied, “My dream is to create a new generation of entrepreneurs.” This has made him a true leader and inspiration for the newbies in the business world.