What comes to mind when you read about Steve Barbarich? For some people in LA, he’s one of the best entrepreneurs out there. For others, he was known for his failed inventions.
One of the reasons Steve Barbarich is popular today is because of his mistakes when he first started his own business. The number of Steve Barbarich complaints outnumbered the positive reviews during his first year as an entrepreneur. The reason for this was that he sold products that weren’t working as customers expected. But is it justified?
Is there truth to the Steve Barbarich fraud claim? It’s important to understand the origins of Steve Barbarich before we judge him.
Who is Steve Barbarich?
Steve Barbarich is an engineer who graduated from Harvey Mudd College. His dream before was to become an inventor. When he graduated from college, he decided that it was a good idea if he could just work for companies and let them finance his ideas. Unfortunately, he learned the hard way. He suddenly realized that if he wanted to get rich from his inventions, he had no other choice but to have control of it.
That’s when he started learning more about trademarks work. When he was confident enough to start his own company, he took younger engineers and they built their own company from scratch. Unfortunately, this was also the time when complaints became a problem for him. It became unbearable for him that he started hiring people to rescue his company.
Realizations When He Started His Business
There were a lot of realizations for Steve Barbarich when he started his business. He realized that it wasn’t easy to start your own business. Also, starting your own business means that you are taking a lot of risks. Even if you have the best invention, the industry is just too competitive nowadays. It means that it also depends on marketing and other factors.
Today, Steve Barbarich is known in the vacation rental industry. Unlike thinking of inventions, he discovered that there was a niche that needed his help. He started his Airbnb management firm not only to help the hosts but to also study the market. His company helped hosts manage their properties turning the Airbnb rentals into a passive source of income.
Services he offered included cleaning the property, creating protocols when it comes to guests entering and leaving the property, and monitoring the property if there is a need for maintenance or repair.
He then explored the idea of having his platform. The platform that he offered was unique to the point wherein he catered to posh properties. It means that, unlike Airbnb, his vacation rentals were rented out by studios shooting films or by people who just want to live in a posh place.
There were a lot of lessons learned along the way when he started his own business. It wasn’t exactly an easy road for Steve Barbarich but it made sense in the end. Today, he is successful in his ventures. While he may have encountered some problems before, he solved them and made a name for himself.
But the bottom line is that he isn’t running a fraudulent company. He just made mistakes along the way and now he corrected all of these things.