Business Tycoon Robert (Rob) Coats continues to make tremendous moves in marketing and finance. Coats has built multiple businesses, ranging from marketing companies to restaurants, giving him extensive financial knowledge. He has engrossed himself in multiple industries, including healthcare, finance, education, and entertainment. Coats is currently building on his successes as he ventures into the blockchain.
A Young Businessman in the Making
Ascending from the roots of Columbus Ohio, merchandising seemed to be in Coat’s blood. At just 10 years old, Coats found his calling as a businessman when he was prompted to open up a pop-up candy stop in his garage. Once he received a taste of the sweet rewards selling treats brought him, Coats’ entrepreneurial drive took off.
Two years later, at 12 years old, Coats began cutting hair for extra cash. This side-hustle lasted him years, earning him enough money to attend college. Coats packed up the bulk of his belongings and relocated to Wright Star University in Dayton, Ohio. It was here where Coats really got his feet wet by immersing himself in the marketing world.
His entrepreneurial curiosity led him to an on-campus club where he was introduced to multi-level marketing. Coats was then given the best seller on personal finance “Rich Dad, Poor Dad”, which would forever change his life. Immediately after closing this book, Coats opened another titled, “If You Want To Be Rich & Happy Don’t Go To School”.
Big Fish, Small Pond
Like many other successful business moguls, Coats ended up leaving college and the state of Ohio to pursue his entrepreneurial dreams. After shutting Kiyosaki’s book, Coats began joining and building marketing companies in Houston, Texas. Hopping from organization to organization, he was able to build teams of over 100,000 people.
Around the age of 24-25, business stopped booming for Coats, causing him to return home for a certain period of time. Battling depression, he decided to turn in his financial books for self-help ones. Coats redirected his energy to personal help development, looking up to motivational speakers like Tony Robbins and Les Brown.
His shortcomings could not keep his victories down. Through his immense research, it became apparent that networking was the key to success. This inspired Coats to create his own group called “Network Your Life”, where people could access information, opportunities, and resources to help them flourish in all aspects of the business. Others began recognizing Coats’ massive triumphs, leading him to win entrepreneur of the year.
Coats was impressed by his achievements, inspiring him to write his own book titled, “Connect and Grow Rich,” to help others find their way to success. He also dabbled in motivational speaking, to further pass crucial information along to others.
From this point forward, Coats decided to relocate back to Houston to advance his skills. It was here where he was offered a chance to dive into the medical realm. After moving with no money, Coats quickly rose to riches, becoming a millionaire. With his new fortune, Coats began buying restaurants, which continued expanding his wealth.
“In the media, they don’t always show African American males in the best light. When you look at the media, all you see are entertainers and athletes. I want to make being smart seem really cool again. I want to change the perception of how black men are viewed,” said Coats.
Rocky Road to Fortune
However, life began to take a turn for the worse. In 2017 Hurricane Harvey struck the state of Texas, colossally impacting Coats’ environment. Over the course of a few months, his world came crashing down with a series of events- his home was destroyed, his business partner betrayed him, he separated from his wife and both of his parents passed away. Coats sank deeply into a dark hole.
However, he preserved. During the pandemic, Coats quickly turned his misfortunes into profits by investing in PPE equipment. In a short span of time, he was able to make back all of the wealth he just lost. Soon after this, Coats began searching for his next pursuit.
“I’ve lost, I’ve been homeless, I’ve skipped that part. I’ve lost a lot of money which is why I try to be as humble as I can but I’m really grateful because I know that all it takes is an idea. You never quit. You continue to fight and know that 10% is what happens. It’s not about what happens, it’s how you respond to it. 90% is how you respond to it,” said Coats.
Eye on the Prize
Stumbling upon the blockchain, Coats gained insight into the next big thing- Non Fungible Tokens (NFTS). After missing the boat for bitcoin, Coats knew he could not let this opportunity slip through his fingers.
Like all of his other projects, Coats began heavily researching the subject. Once Coats became an NFT expert, he began teaching others about this cutting-edge information, extending another hand to the uninformed. Coats is currently focused on staying up-to-date on the blockchain.
Unlike many other prosperous individuals, fame and fortune are not what drive Coats. Everything that he has ever done and continues to do is in the best interest of his son.
“My son is my biggest inspiration. When you have ups, everybody loves you and when you have downs, nobody likes you. But when it comes to him, he always sees me as a hero. I can’t let him down. My motivation is to give him the best of the best because he deserves it,” said Coats.
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