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.
View Comments (10)
Mario Romano is right by saying that cash can't be manufactured. Mario Romano and his partners have done a great move by selling 20% of their company to come up with good results. Though there are some difficulties, Mario Romano still managed to get back on track.
It's great to hear facts from the experts just like Mario Romano. I'm so looking forward for more posts about Mario Romano. I'm wishing Mario Romano and his partners to be more successful.
So awesome post about Mario Romano. Mario Romano is right on point and I have learned a lot from him. I hope Mario Romano will release a book about wealth engineering.
This is a good read for me. Mario Romano has explained it very well. You should not stop reaching your goals just because you encountered problems in your company. You should not give up but think of a solution just like what Mario Romano did. I so love this post about Mario Romano. Thanks!
I think Mario Romano is right that hard work, great products, dedication and execution were the necessary ingredients of success. Mario Romano has given me something to ponder on about business and partnership. I hope Mario Romano will keep up the awesome work and continue to share his knowledge to us. More power!
Mario Romano and his team are doing a great job for developing InvestView. I heard so much about this program and honestly I am very interested to join this training program. Mario Romano and his words really inspire me to pursue my career and be successful. And that Mario Romano deserves all what he have now.
So inspiring! I never read an article like this before. The story of Mario Romano truly serves as an inspiration to me to work harder and never give up. I think Mario Romano is right that in the midst of every great crisis there is an opportunity for those who have clear vision. There’s so much to learn in reading this writing of Mario Romano. Thank you so much for the share!
Wonderful share! This experience of Mario Romano and his team had been experienced by most of the business operators too and unfortunately some of them didn’t survived. I don’t know Mario Romano very well but base on the readings I made from all of his published articles I can say that he’s an intelligent and strategic person. Moreover, as I can see Mario Romano had a clear vision and most of all value partners which brought him to success.
First of all, I would like to raise my great appreciation to Mario Romano for sharing his inspirational thoughts and wonderful story. While reading the story I had made some realizations in life especially by how I manage my business. I am working for almost three years to grow my small business. Unfortunately, it doesn’t move well different from what I expected. I never know what else to do and so I searched some info online and I found this writing of Mario Romano. Mario Romano is truly admirable.
Running a business with partners is quite tricky and need more patience and understanding to both parties. Partners could bring success to someone’s business if handled correctly. And Mario Romano had proved it that different strengths and qualifications make a strong team for surpassing all the challenges they had face during those times of deficiency. This article of Mario Romano gives great impact to my personality which teaches me lots of things. Thus, I am so grateful to Mario Romano for allotting his time writing this motivational story.