Umberto Vitale was born near Pavia, Italy. While in school, at the tender age of 14, he built his first business. Using the eBay platform, he focused on car accessories. He chose a drop-shipping method and worked with a German supplier. Due to the nature of people not comfortable buying parts abroad at the time, he was able to grow his business. This allowed him to build his wealth and independence from a young age. It was the first sign that he was meant to be an entrepreneur as it came naturally to him.
After graduating, he worked in a family business, but took the time to learn the different structures and growth methods that a company relies on such as: Mechanism, Method, Strategy, along with Commercial and Management. Working within an industry that had been in place for decades and with a massive, millionaire turnover, it was a good, solid education. Over the years, Umberto learned how to revive a company going through financial risks, insert new technologies, and more.
You mentioned that you worked for the family business at a certain point. What do you feel was the biggest lesson you learned?
The family business had been in place and running well for a long time, but when the Financial Crisis of 2008 hit, we were challenged in new ways. Learning to adapt to the circumstances was a challenge, but it was a great opportunity for growth.
It allowed me to develop a new entrepreneurial mindset. While we were used to doing things one way, we learned that adaptability was vital to survival. I inserted new technological innovations and operating methods when it came to employers, suppliers and customers. It was a difficult time, but something that gave me vast experience and helped strengthen our standing in a time when there was a global financial crisis.
That sounds like it was a nerve-wracking situation. How long did it take to revive the company as you made the changes?
In just 2 years, I’d brought the company back from a situation of precarious equilibrium to a new commercial explosion. The great news is that more than 10 years later, everything is automated– every production and commercial process–which allows me to disconnect myself from the bond of “the more time I work, the more profit I see”. I do business in Italy, with all the difficulties and limitations that this state imposes, but yes, you can work with satisfaction if you have an idea, method and skills.
What do you do with your earnings? How do you continue to grow or stay relevant with the money or funding that comes in?
Over the years, I realized that it was important to reinvest the earnings accrued from the business. It’s important to learn all of the different possible methods you can use to invest and make “money work” by generating more money.
What else have you done to build your income?
In 2010 I approached the real estate world and completed my first transactions. I bought into judicial auctions. I then used the properties to create passive income. I plan to pass that down from generation to generation to my children.
Do you aspire to build other businesses? You mentioned your entrepreneur mindset. What other ways have you found yourself growing your wealth?
In 2012, I founded “Vitaltrading”, which was my first Facebook page. I created a community of people who are focused on Forex Trading. I started studying and learning financial markets with statistical and mathematical logic,along with software development and investment strategies that were based on financial market statistics. I have been creating courses and teaching others how to trade forex and equities since 2016.
You’ve got a lot of varied interests. What’s fascinating is how you create opportunities with each of these interests. Are there other areas that you found yourself working in?
In 2015 I founded “Signature Dreams” a pure e-commerce in DropShipping of Musical and Cinematographic Memorabilia. I did this driven by my passion for music and cinema. It attracted the attention of newspapers and fairs of the sector, including the sector of luxury and collecting.
There’s a pattern where you end up building a business or project out of your interests. You’re right about your entrepreneurial mindset. What else can you share?
In 2017 I approached the world of Cryptocurrencies, Bitcoin and Blockchain. I studied every project and technology that I could. I saw and rode the Speculative Bubble of 2017. With that in mind, in 2018 I developed my Personal Cryptocurrency which I used to incentivize and reward my collaborators and business employees. I did this with a cashback system using cryptocurrency to purchase goods and services exclusively reserved for them.
What a great idea. They must have loved that. When it comes to self-educating through the businesses you created and the family business innovations, was there anything else that you did to learn these methods and techniques you’ve used?
Actually, yes, in 2019, with the aim of improving my academic skills, I completed my university studies in business administration, management and communication techniques. That means that today, I can define myself as a complete entrepreneur who has understood the importance of automating every business I’ve worked with, along with diversifying earnings.
This is important so that I’m not dependent on a single source of income. By creating multiple streams of income, it protects me when one business makes less than expected. It’s peace of mind and financial stability. I wish that for everybody.
You mentioned you teach others. Can you tell us more about your academy?
My personal Academy was born with a goal. I called it Vitaltrading Academy. Now, with a smartphone and an internet connection you can work less and earn more.
In the Academy I teach people to develop, create, and improve their business. They learn and understand how to invest their savings and earnings in sectors such as online trading, equity investments, cryptocurrencies, and the real estate market. If you can combine them together, they’ll have a source of income that guarantees well-being and economic stability.
You can learn more at my website www.VitaltradingAcademy.com. Access my videos and start a one-to-one path that allows for direct access to me. I include monthly calls to follow my students and clients step-by-step as they train and work to become true businessmen.
Company name: Vitaltrading Business Academy
Email Address: Vitaltradingitalia@hotmail.com
Website : www.vitaltradingacademy.com
Instagram : www.instagram.com/vitaltrading