Eduard Shapshovich Exclusive Interview

The American Dream is alive and well as far as Eduard Shapshovich is concerned. A Russian immigrant, Shapshovich arrived in America in the early 1990s with very little money and no English. But those were minor problems for the resourceful Shapshovich who settled in St. Louis, Missouri. He woke up every morning, put his shoes on, and got to work. Through the years, he managed a pizza shop, sold used cars, and also worked as a delivery man. Nothing too spectacular, as he admits, but it did give him great experience working with people, getting to know the local area of his new home, and learn and educate himself so one day he could attain his dream of self-sufficiency. With a business partner and close friend, Shapshovich now works in real estate development, buying homes, rehabbing them and selling them or renting them out. He has a great working relationship with his partner, his tenants love him, his competitors are sometimes jealous of his ability to keep stable renters, and he’s super happy to be where he is right now. It’s the culmination of a lifelong dream that some tried to talk him out of trying, but Shapshovich is not anywhere close to being done following his dreams.

Where did the idea for your career come from?

What does your typical day look like and how do you make it productive?

I am also regularly looking into new properties to invest in. I got a call this morning from a real estate agent who sent me photos of a property I’m considering. It’s a complete rehab. It was flooded. The home has been professionally cleaned since the flood, but I haven’t had a chance to talk to the partner yet on whether we will move forward with it. I’ll share the price with him, he’ll give me the green light to look into it further, and then I’ll go out there and calculate how much work it might need to get it in shape. We’ll make a budget to see if it’s worth the investment. If it’s not, we pass and wait for the next opportunity.

How do you bring ideas to life?

What’s one trend that excites you?

What is one habit of yours that makes you more productive as an entrepreneur?

What advice would you give your younger self?

Tell us something that’s true that almost nobody agrees with you on.

As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?

What is one strategy that has helped you grow your business?

What is one failure you had as an entrepreneur, and how did you overcome it?

What is one business idea that you’re willing to give away to our readers?

What is the best $100 you recently spent? What and why?

What is one piece of software or a web service that helps you be productive?

What is the one book that you recommend our community should read and why?

What is your favorite quote?

Key Learnings:

Originally published at https://ideamensch.com on March 12, 2021.

I work in real estate development. Buying and rehabbing homes to sell or rent them out. I have a great working relationship with my partner, and tenants!

I work in real estate development. Buying and rehabbing homes to sell or rent them out. I have a great working relationship with my partner, and tenants!