Businessman Eric On is smashing through societal boundaries of what our lives and careers should look like. Today he’s here to share his journey from 9-5 employees to entrepreneurial powerhouse!
Born in Calgary, Alberta, and raised in Toronto, Ontario, Eric’s first job was as a paperboy, followed by a brief stint in construction work. Eric attended Wilfrid Laurier University as well as two other colleges but quickly determined that school was not for him. After leaving his education behind, Eric began work as a chef where he found great success and passion in creating excellent food to bring people together in a shared positive experience.
In 2019, during his time as a chef, Eric was introduced to the concept of network marketing and trading in the financial markets. Intrigued by the idea of earning an income outside of a 9-5 job without a degree, Eric took it upon himself to bring to the masses the opportunity of coloring outside of the lines when it comes to earning an income.
When discussing his transition from cooking to entrepreneurship, Eric says:
After being in the workforce for seven-plus years as a chef, it blew my mind to find out that you can make money without having a degree. Chefs don’t get paid a lot of money and we work probably the hardest in the kitchen or in the restaurant. So I knew I had to make the transition to another line of work where I’m able to get the same reward I’m getting from cooking – which is being able to help people or make them feel good while doing something I’m passionate about.
To date, Eric has co-created an organization called Royal Profits containing over 100 business associates and counting, spread across Canada, the United States and Europe.
“The concept of Royal Profits is to enrich, empower and impact the lives of as many people as possible. Truthfully, we understand that money, or the lack thereof can cause problems for people. Usually, if they just had a little bit extra to pay their bills or to save for their side hustle or vacation, or whatever it may be, people would be a lot better off. We’re giving them an outlet to actually achieve that without breaking the bank. The average cost of starting a business is about $35,000 to break even at the end of the year. With this business, you’re learning to invest a little bit of time, and a little bit of money to be able to drastically change your life for the better.”
Eric wants to change the learned patterns ingrained into many people, where earning an income from a 9-5 job is the only secure way to make a living. According to Eric, living a life of true financial freedom starts with a willingness to break away from societal norms which come with the right information, mentorship, and mindset.
When discussing how Royal Profits is helping to create the shift in the mindsets of its’ business associates towards a more unconventional yet fulfilling lifestyle, Eric says:
A lot of people have the mindset of ‘I’ll go to work, go home, watch TV, eat, go to sleep, and do it all over again. We’re breaking people from that pattern and showing them that their life can be a lot more – they can achieve a lot more than they think if they’re willing to try something different.
In a business where building strong and lasting relationships is crucial to success, Eric has overcome his own set of obstacles in the retention of his team. Once he started to place a larger focus on leadership and ensuring he is helping his team not only become successful traders and business owners, but also enhanced versions of the people they were when they joined the business, Eric noticed a dramatic shift in the growth of his organization.
When discussing the importance of developing real bonds with his business associates, Eric says:
“When I first started in this business, I wasn’t taking a lot of responsibility in helping to develop these people – making sure that they knew exactly how to leverage the system the way that they were supposed to become real moneymakers in the industry. That is a huge thing that I learned; growing relationships equals growing your business. All my life I’ve been someone that has worked hard on his own merit and I realized I wasn’t the biggest team player. But in this industry, this is people helping people, people over profits. I want to make sure that people join our business with a level of trust. And if you’re not holding up your end of the bargain, it’s not very surprising when your organization leaves you.”
As Royal Profits continues to grow, Eric continues to expand his horizons, working towards diversifying his portfolio even further. Eric plans to create at least seven streams of income and ultimately have his money working for him, to enjoy financial freedom and abundance throughout his life, and leave for the next generations to come.
Want to learn more? Keep reading for Eric’s best pieces of advice for the aspiring entrepreneur!
Have a clear direction. “Moving without a plan can cause you to lose focus on the real goal. If you don’t have a direction, there will be little movement towards the destination.”
Follow the Law of Agreement. “Make sure that you’re surrounding yourself with like-minded individuals that are also looking to achieve the same thing that you are. When you mastermind with that group of individuals you are going to blow it out of the water in whatever you’re putting your minds to, it doesn’t have to be trading, it can be any venture.”
Fall in love with the process. “Maybe things are tough now, but you need to go through that adversity to grow. Even if things are bad, you really have to take things into perspective – you could be working for someone else right now, you could be living on the streets, but you’re doing what your passion is. So, stick it out. You’re going to have amazing days too and those amazing days are going to absolutely smash those bad days.”