Steven Guo started his first online business when he was 12. Now, his portfolio of businesses are on track to bring in $1.7 million in revenue this year.
In Steven Guo's case, he blew through it pretty quickly — but it kickstarted his path to becoming an entrepreneur and founding brands that have brought in millions in revenue.
The high didn't last long. With his $10,000, Guo tried to start a game development company, "and unfortunately I failed miserably and blew basically all of my money," he says. "But I learned a really valuable lesson, which was: marketing is extremely important for any business."From there, Guo says he became "obsessed" with learning about running a business and making it his career.
In 2022, he sold one of his first companies, a jewelry brand called Impulse Modern that brought in over $2 million in revenue within a year. After graduating from college, Guo called Southern California home, but traveled to roughly 15 countries. He enjoyed being able to afford a nice lifestyle at a lower cost in many of them and, in early 2024, made the decision to move to to Bali, where he first visited after high school and has always felt "a magnetic pull."
Guo lives with two of his best friends and former college classmates, who are also entrepreneurs and share similar lifestyles. Steven Guo lives in Canggu, a resort village on the south coast of Bali known for its ideal surfing conditions.He spent just over $500 on food for the month of September. He rarely cooks and instead prefers to dine out with friends at nice restaurants or local "warungs," which are small family-run shops.
Steven Guo says one of his favorite things about Bali is the quality of fresh food at an affordable price."I typically don't like to spend too much money on myself," he says. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend."
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