Young Entrepreneurs Who Break All The Rules – Mat Ritchie

  1. How long have you been an entrepreneur?

I have been an entrepreneur for over four years, starting back in my first year of university when I was just turning 18. Since then, I have been fortunate enough to have run several network/affiliate marketing teams and to start my own brand while working with several other businesses/organizations, which keeps me constantly busy and working on something new!

  1. What was your childhood like?

Growing up, I was very fortunate to have been blessed with two very fun, loving and encouraging parents, and with a very great support system from the rest of my family. I grew-up with one younger brother with four years of age in between us. The business venture was a great, new, fun idea we had for a game. Our parents always supported our decisions, even if they didn’t agree, and let us learn for ourselves while always offering their advice and opinions on matters, “just in case we wanted it.” This made it easier to try and fail, and to figure out if we were pursuing something we loved doing.

  1. What sparked you to be an entrepreneur?

My parents being so easygoing led me into business at Wilfrid Laurier University. Oddly enough, I met a good friend in my program who approached me at the end of the year in my business/economics class, and he asked me if I wanted to start doing promotions with him for a new health and wellness company. Going into this blind and unsure of the opportunity itself, I was fortunate enough to realize while being involved that it was something I wanted to pursue. This completely changed my life. That is when I realized I wanted to be an entrepreneur/was an entrepreneur, and I have been ever since.

  1. Describe your daily routine.

I wake-up every morning between 8:30am-9:00am and start my morning with some sort of

personal development for 30 minutes to an hour (reading, watching a new video, educating myself on something new) until my first meeting, which normally starts between 10:00am-11:00am, depending on where it is. I spend 1-2 hours every day working on side projects for our team, or on branding, itself for my youtube channels, training programs, or clothing line. I spend 1-2 hours every day training someone new on whatever they need the most help with. I make sure to do at least three meetings myself every day (1 hour minimum each), followed by at least one group presentation per day. I usually leave 3-4 hours open just in case I need to move meetings around or an extra meeting comes-up that needs my attention. I do the same routine every day, seven days a week, unless I’m on a vacation or absolutely physically can’t.

  1. What is your idea of success?

If you are someone who lives their life day-to-day doing what you love and enjoy to do, then you are living my idea of success. I once had someone ask me, “would you continue to work where you work and do what you do for free?” That’s when I realized there are many miserable millionaires and many happy peasants. So, if you are going to get good at something, you might as well get good at something you love doing or something worth getting good at in your eyes.

  1. Is there a mantra you live by?

As I have grown up, I have always had a saying, “I’d rather live a short life and have done everything I’m passionate about than live a long life and not even fulfill my dreams.” When you do something you love, you’ll never work a day in your life. This relates back to question 4 where I mentioned that I never take a day off, because, to me, it never feels like I’m working in the first place.

  1. What do you plan to achieve in 5, 10, and 15 years?

I plan to have reached the top rank and having been knighted as an official trainer through WorldVentures. I also plan to have traveled to 25 different countries within my first 5 years. My 10 year goal would be to have traveled to 50 different countries, have our brand fully noticed, and to be affecting someone in a positive way in every country around the world. I also hope to have helped minimum of 10 people hit the top rank in our company so that we have a huge collaboration of leaders to help everyone succeed. Finally, my 15 year plan would be to have traveled to 75 different countries, helped 25 people hit the top rank in our company and have just enough financial freedom to continue growing the brand and traveling the world helping others to continue doing what they love.

  1. Describe your business and how it is different from a normal “business” (brick and

mortar).

WorldVentures is a direct selling company in the network/affiliate marketing industry. There are two different options available to get involved with WorldVentures, the first being the customer/membership portion (DreamTrips), and the second being the representative portion. As a business and a representative, our mission is to educate and show as many people as we can the value in our travel membership so people can get involved. Our company uses a binary system to compensate us for our own efforts as well as our team efforts. This is a very team-based structure, which I personally love for allowing me to help the newest person get started. Being one hundred percent commission-based sometimes scares the average person away; however, the structure itself is phenomenal, and, if you follow the training and tools provided alongside with whatever support you have from your team while working hard, there is a lot of potential in this type of business. One thing that definitely caught my attention with WorldVentures that I loved was that we do not get paid to recruit representatives. I have seen several companies/been involved with companies that are structured like that, and I find that the structure WorldVentures uses is a lot more sustainable and well structured because we select who we want to work with as opposed to trying to recruit everyone.

  1. What entry-level costs did you have when starting your business?

Going into WorldVentures as a representative, I had an entry-level cost of $110.99 USD, which, in turn, gave me my back office website to get started, a bunch of training videos, and an app. To start-up with $110 USD as a business representative is definitely the lowest starting cost I have ever seen. After that, to continue to keep my business representative systems running, I pay a fee of $10.99 USD per month. This allows me tax right-offs as well, which I find to be a huge perk.

10.What’s more important to you, leadership or collaboration?

I believe they are both very important; however, if I had to chose one, collaboration would definitely be the most important. I would rather have 1% of 100 peoples’ efforts than 100% of my own. Collaboration is definitely important, especially in our business, because it is a very team-based environment. When you can work as a team, you can accomplish a lot more.

11.How does Mat R. set himself apart from other’s in YOUR business?

I would like to say that I try to put in ten times more work then anyone I know. Anyone who is wondering how to get to the top or be the best at what they are doing must realize that they have to practice over and over and continuously educate themselves until they are a professional at what they do. I also try not to treat it like a business, to an extent. Most people work all day, or run their own business, and “live for the weekend,” so, when someone gets the pleasure of sitting down with us, we try to keep it fun, light, and casual. Obviously, we have more professional meetings at times, but, because we are a travel club, for the majority of the meetings have fun. Keeping it fun also keeps me running all day, and sometimes even all night, continuously doing meetings and presentations back-to-back.

12.Who was your biggest hero growing-up?

I grew up playing several different sports as a kid, trying new things to see what I would like. I latched onto basketball and played it almost my entire life, practicing with my dad all the time outside, rain or shine. It definitely helped me love the sport. As a kid, I always looked-up to Allen Iverson because he was my favorite player. I remember attempting to replicate how he played because I felt we had similar playing styles. When asked who my hero was during my basketball phase, I would have told you “Allen Iverson!” Looking back now, my heroes definitely would have been my parents for driving me to all the games, watching while sitting outside, and continuously practicing with me because I wanted to keep playing. Thats when I realized I was fortunate enough to have been raised in an environment where I was encouraged to do what I loved and was passionate about. There is no greater life lesson than to pursue what you love and have passion for.

13.Given the chance to spend 30 days one-on-one working directly with a mentor of your choice, who would you choose?

Hands down, Matt Morris! The reason I say that is that I have been fortunate enough to have worked with/encountered several millionaires all around the world in the past couple years, and I have never met a more humble, fun loving, pure-hearted fellow. I have also been fortunate enough to work with him over the past year several times and even spend vacation time with him, too. However, I have never spent 30 days working one-on-one with him, and if I had the chance to do that, I would drop everything in a heart beat. He is one of the best in our company and industry, and he is just so much fun to be around. Matt lives by every moral I am living by and wanting to live by, and people have always told me to surround myself with people that have what I want because they can show you how to get what you want.

14.What is your favorite past time?

My favorite past time would definitely be anything having to do with music or art. I love creating and listening to a variety of different genres of music and could spend all day every day just indulged in doing so. I also love to paint when I have time. I sometimes draw and work on different designs for tattoo ideas or just pieces I want to make. On the first tattoo I drew, I incorporated music notes into a hawk to show the representation of how music is my getaway and makes me feel free and relaxed.

15.You just made $1,000,000. What’s your first purchase?

My first purchase would definitely be everything I wanted/needed to make my perfect music studio to produce music. One thing I haven’t mentioned until just recently would be that my other life passion is music, and, when I have spare time, I work on music whenever I can. So, when I make my first million dollars, I will purchase/build my first recording studio to spend more serious time working on my other passion.

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