Friday, March 5, 2010
Chuck Lundy > www.MexInsurance.com
What do you need to be an entrepreneur?
Passion, Drive, and Thick Skin
What did inspire you to start your business?
I saw an opportunity in the Mexico Insurance business to provide a quality product at better rates using technology and the internet while still making a profit.
How did you finance it?
Personal credit cards and lots of sweat
Being Hispanic.Does it have any influence on your business?
I am not hispanic, but I being raised in a hispanic environment I learned how to value people in business
In the face of adversity, how do you decide to keep going?
I don't know any other way
What is the biggest challenge your business has faced?
Last year we were hit with the swine flue, passport rules, massive recession, violent crime media reports and rising gas prices which put a halt to tourism to Mexico.
If you could change one thing about your business, what would it be?
You will see with the next release of our website
What was your childhood ambition?
To be a Super Dad
Tell us about three entrepreneurs that you admire?
Arte Moreno, self-made Viet Nam vet who worked his way up to ownership of MLB team (Angels), Sol Price, local San Diego entreprenuer who create Price Club (CostCo), Wayne Huizenga (From rags to riches, created Waste Management)
For business meetings: breakfast, lunch, or dinner?
What sacrifices on your personal life did you have to make in order to
become a business success?
I don't get to take a lot of fun trips with my neighbors, friends and colleagues especially during the first few years of startup. I missed out on a lot of fun but I think I'll make up for it.
What is your favorite quote?
"Losing makes me puke" - Arte Moreno, owner Los Angeles Angels of Anaheim
Is it difficult to be unconventional?
No, it's natural
Biggest mistake made?
All the mistakes have turned into assets. In the beginning we spent too much on "spray and pray" marketing
Do you consider yourself an innovator?
Yes. Because every time we do something new, all our competition copies us.
About the Company:
We provide a quality tourist auto insurance program on the internet at http://www.mexinsurance.com/. In eliminating the middle-man agency we save consumers 30-40% off their insurance for day trips, semi-annual or annual coverage policies for their tourist vehicle in Mexico.
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