Mario Romano Reflects on the Value of Partners When Starting a Company

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Mario Romano believed that hard work, great products, dedication and execution were the necessary ingredients of success. According to Mario Romano, the team at Wealth Engineering identified the best products, they worked tirelessly to execute the mass marketing of those products and then, says Mario Romano, they used personal capital to launch the entire show. After four years, however, Mario Romano says that their capital was exhausted – even though success appeared imminent.

Mario Romano and his firm were in a dire situation in the worst economy of record. The question loomed for Mario Romano and his partners: What options existed? Mario Romano knew that in the midst of every great crisis there is an opportunity for those who have clear vision. Mario Romano and his team dedicated every moment of their time and all their efforts towards the goal, but they could not manufacture “cash.”

At this moment of decision, Mario Romano and his partner agreed to sell 20% of their company. Not an easy decision when so much of their own capital and time was invested to reach what Mario Romano believed was the last furlong. Nonetheless, Mario Romano hired a third party consultant to provide an independent valuation and quickly gained partners through the sale of 15% of the company equity. This brought Mario Romano the resources needed to secure Wealth Engineering’s largest contract to date, which included sales in nearly twelve territories in Asia.

Initially Mario Romano felt they could stop here. However, Mario Romano and his partners uncovered additional opportunities that will significantly benefit Mario Romano, Wealth Engineering and the new partners. Instead of keeping additional equity, Mario Romano and the company’s other stake holders continue to seek additional partners to further expand and stabilize Wealth Engineering.

Mario Romano’s resolve remains firm. He states, “I will not stop until we reach our objectives and this commitment knows no boundaries.”

Mario Romano began his Wall Street career at Lehman Brothers in 1982. From then until the beginning of the new millennium, Mario Romano held several executive positions with a select group of Wall Street institutions. Mario Romano also served as CEO of Romano Enterprises LLC from May 2000 through December 2004. In 2005, Mario Romano co-founded Wealth Engineering & Development and through their combined efforts, Mario Romano contributed to securing the largest contractual agreements for the InvestView platform of Global Investor Services Inc. Mario Romano has fine-tuned motivational skills that have allowed him to establish, grow and manage a group of over 100 retail stockbrokers. With over twenty-five years of Wall Street experience, Mario Romano believes the time has come for individuals to learn how to manage and grow their wealth. Mario Romano dedicates his professional life to these objectives and strives to solidify Wealth Engineering as a leader in providing financial education to the masses worldwide.


10 Responses

12.20.10

Wow! What an inspiring article about Mario Romano. Well I guess if you’re determined enough to do something no matter how many times you fail as long as you really wanted it then there’s always a reason to achieve it. Just like what Mario Romano did, he never quit or stop though there are some problems came along the way. Great will is a key to achieve your goals. Mario Romano has done a great job.

I agree to Mario Romano that hard work, great products, dedication and execution in order for a business to be successful. Mario Romano’s determination is what I think push him to continue it no matter what problem he encounters. I guess if Mario Romano had given up at first he will no longer reach his goals and dreams.

There are really great things of having a partner or partners in a business just like what Mario Romano did. The tasks are easily done and you have them through thick and thin. Mario Romano has done a good decision. I guess what’s important here is that how much they trust each other. I just want to congratulate Mario Romano and his partners for a job well done!

12.20.10

It’s normal for a company to face certain problems just like what Mario Romano had before but what inspires me is that he never gave up. I like this article of Mario Romano and I hope many people will read this especially those who are in the same situation. I have learned a lot after reading this article about Mario Romano.

That was a good move made by Mario Romano. Hope this will serve as a motivation to others. Mario Romano has a good point regarding partnership. Looking forward for more articles about Mario Romano and his partners.

Yeah I guess Mario Romano is right that the dynamic of partnerships are not always easy. I learned something after reading this post. Thanks to Mario Romano for sharing this to us. I guess Mario Romano and Annette Raynor are great partners.

Mario Romano has said it all. He has done so much and I know Mario Romano deserved everything he has now. Is there any book written by Mario Romano? I will be glad to read it and learn more from him. Thanks!

I learned something after reading this post about Mario Romano. I agree with Mario Romano that partnerships provide teams the ability to harness varied skills and accomplish objectives quicker than a sole individual, but I guess they need to have a strong trust to their partners. It’s not easy though but I know it will be worth it. I’m so looking forward for more article about Mario Romano.

12.20.10

Awesome post! What more can I say about this Mario Romano’s article? I believe that partnership is not that easy but to think of having partners to help you out in every trial is a good thing. Mario Romano has gone a long way in business world. I hope he will continue to share his thoughts and knowledge especially to beginners. Thanks for this article about Mario Romano. More power!

This is an interesting fact about Mario Romano. I also learned something about partnership. I agree with what Mario Romano thoughts about this. I would love to hear more interview from him. Looking forward for more Mario Romano articles.

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