Reflecting on My 2024 Journey
Reflecting on My 2024 Journey
Closing Knock Knock Restaurant
In 2024, I successfully sold my restaurant, Knock Knock, to a Vietnamese chef. I recovered 50% of the proceeds by utilizing seller financing and subleasing. This experience taught me invaluable lessons in financial management and strategic planning.
Capital Raising for a Family Office
I assisted a family office in raising capital for their hospitality debt platform. Although I decided in the summer to pursue my business ventures without securing the desired funding, I facilitated connections with Managing Directors and Heads of Real Estate from major firms such as Apollo, Ares, HPS, and Goldman Sachs. One memorable moment was meeting StripMallGuy in person, who encouraged me to share my personal growth online.
Launching Yuan Capital Partners
Within three months, I passed three FINRA exams and partnered with a broker-dealer firm to launch Yuan Capital Partners. This milestone marked a significant transition from my previous ventures to establishing a new private placement business.
Securing My First Mandate
Last month, I officially signed my first mandate with a Single-Family Rental (SFR) fund. This achievement validates my efforts and sets the foundation for future growth.
I began 2024 with a struggling restaurant business and concluded the year by establishing a new private placement venture. These developments were not part of a premeditated plan but emerged organically as I navigated various challenges and opportunities.
To conclude, I’d like to share one of my favorite sports quotes: “Don't ever underestimate the heart of a champion,” a memorable line from Rudy Tomjanovich, the former head coach of the Houston Rockets.
Personal Commitments for the New Year
I am not setting specific New Year resolutions. Instead, I will continue to:
Exercise 2-3 times weekly
Maintain a consistent bedtime before 10 PM
Invite people for coffee chats
Share my progress publicly
Spend quality time with my family
Thank you for following my journey; I wish everyone a prosperous 2025!