RentBillow connects people that need things with those who have things, allowing people to buy only what they must.
What’s the story behind your company?
A friend and I originally wanted to start something like this. At the time he was starting a company in Mexico, so he was not really involved with RentBillow, and we decided to part ways.
Then my daughter’s birthday came and she really wanted a $300 Barbie house. Long story short, she played with it for 15 minutes and never again. I thought, how great would it have been to be able to rent that house for $10 or $20 a day instead of buying it. That could have saved me so much money. Then I realized that same idea could be applied to almost anything. So then I started!
What were you doing before you started your company?
I was an engineer for almost 10 years. I worked at many manufacturing companies and was always an entrepreneur. It was hard to develop new ideas while working in big companies, as politics prevent you from trying many things. I grew tired of that and decided it was time to do something that would allow me to use my creativity as I wanted.
How do you stay organized?
I have a pretty good memory when it comes to commitments and other important things, but over time I have found tools like Hootsuite and Edgar. They both save me time, which allows me to focus on more important things like finding new customers.
What were some of the challenges you faced when launching your business and how did you handle them?
1. The language. English being my second language made it hard for me, as I needed to fully understand legal procedures in order to start a business the right way.
2. Money. Not having any kind of seed money was both a hassle and a blessing. It pushed me to think outside the box and find ideas to make the most of the little budget I had. My favorite story was being able to exchange legal services for homemade Mexican food. A great example of finding creative ways to make it work!
How do you stay motivated?
Every little success my company has gives me so much motivation. I try to celebrate every customer, every new rental item and just enjoy the beginning fully. With my team, I try to be very communicative of everything that happens and I try to praise them very often about the great job and support they offer. They truly make everything better.
How did you delegate and build your team?
I started out with just myself and a developer. Then little by little other people who saw the passion and love involved in this project have been joining us. Most of them are not being paid yet and they don’t care as they believe in RentBillow and they enjoy working for it. Hopefully soon I will be able to pay them. They will always be part of RentBillow’s future plans.
There’s a lot of interesting insights and science behind the habits of entrepreneurs. How do you start your day?
I pray. I usually wake up at 4am and take a moment to think and plan for the day. I talk to the team, say good morning and then go from there…
How do you unplug, disconnect, and recharge?
I am still trying to find a way. My brain works non-stop and it can be so hard for me to fully relax. My outlet is comedy. I watch comedy, I listen to comedy and I definitely share my own funny thoughts on social media.
How do you celebrate successes?
I pray, then I have a drink HA!
Success is the goal but failure teaches us a lot. What are some of the biggest lessons you’ve learned as an entrepreneur?
Help other startups. Get involved and learn. Find mentors. Don’t be scared of being broke because of your startup. Being broke means you are doing, not just dreaming.