EB5 INVESTORS MAGAZINE EB5INVESTORS . COM
115 ←
What was the most challenging aspect of your EB-5 visa journey , and how did you overcome it ? All the challenges of building a business in a completely new industry , new country , new ways of doing business , and very complicated labor law regulations in California . I overcame them by taking one step at a time , researching a lot , and talking to many people .
Looking back , what was the most rewarding part ? Starting my own home care agency as a direct investment project and growing it to over 400 employees , nine locations in California , and over $ 5 million in annual revenue is the greatest part financially , as a startup , and the satisfaction of building a team of colleagues that are happily working together .
Can you describe the most challenging part of creating your own business ? There are a lot of challenging parts : learning every bit of the business ' s operation , trying to develop business revenues in a new industry in a new country , hiring the right managers , and
even learning to do the bookkeeping and labor laws . Later , when the business grew , managing cash flows , and trying to automate all processes to achieve consistency of quality and better efficiency were also challenging .
How did you stay motivated and focused during times of uncertainty or delays in the visa approval process ? The delays or uncertainty in my visa approval process didn ’ t cause much anxiety . The challenges of starting the business were more stressful .
What advice do you have for other EB-5 investors ? Research a lot , talk to at least 3-4 attorneys and compare notes , review at least 4-5 projects and visit the sites , and do reasonable due diligence on the project ’ s documentation . For example , I was very interested in a taxi company ' s EB-5 project and wanted to invest in it . They claimed each investor ’ s money would be used to buy taxi vehicles and hire drivers , but when I asked them for some sample of vehicle titles , they couldn ’ t provide any , so I dropped it .
For over 25 years , Miller Mayer has provided exceptional EB-5 counsel to investors , regional centers , and developers . Contact us today to learn how we can support your EB-5 journey . millermayer . com | 607-273-4200