Movers & Shakers Interview with Fritz Colcol

Tell us your name and a little about yourself.

Fritz Colcol

What exactly does your company do?

I currently own multiple businesses. From staffing to restaurants to clothing line to consulting to dropshipping and bunch of e-commerce.

So for Simply Thalia & Thalia Spice: We are an Asian fusion cuisine restaurant
for ZeroDay Partners: It is a cybersecurity staffing firm
for Iridium Clothing co.: It is a luxury streetwear clothing brand
for Cafelefit: it is a luxury fitness coffee
for my consulting: it is for mentorship/guidance for starting a business.

What were the biggest challenges you have faced and how did you overcome them?

My very first failure as a restaurateur. I’ve purchased Thalia spice back in 2015 with 3 partners: 1 of them being one of my friends and the other 2 was friends colleague that I don’t know anything about. Long story short, there was a separation between major decision making: Ideas, changes, operations, renovations, etc. 2 of the other guys were against all of my ideas, & my friend would simply stay neutral which made all the final decision making in the favor of the other 2 guys. The restaurant had failed due to major changes that they’ve done without any logical thinking, plan or statistics. None. They change the theme out of the blue multiple of times which made the current customer base disappear. Lost a lot of sales & profits. Basically had to fund the restaurant with our own money to keep it running.

About 4 months in, I then decided to give them a choice. To either, they buy off my shares or I buy them all out. They decided to buy off my shares & then that’s where I bought my next restaurant venture: Simply Thalia.

I was able to apply all the mistakes and lessons I’ve learned from Thalia Spice to SImply Thalia. Which then made Simply Thalia successful and striving. We got into NBC news and a lot of credentials from food bloggers all over the world for our viral Sushi Donuts.

Lesson: just because someone got the capital (money) doesn’t correlate to business savvy/experience. Don’t go into partnership without doing any diligent research about their experiences.

What piece of advice do you wish someone had given you at the start of your career?

To take more risks. I’ve missed so many opportunities from the beginning stages of my entrepreneurship back in college 2009-2013.

If you see the potential, grab the opportunity! Learn as much as possible and if it isn’t working anymore into your favor; go on to the next venture.

Who are your biggest influences and people you admire and why?

Most definitely Gary Vee when it comes to entrepreneurship. His realness, authenticity, transparency & charisma motivates the heck out of me. He is the definition of a pure bred entrepreneur.

For family values, loyalty & love, my dad would be my role model. The love & support he gives out for our family is second to none.

And for fitness success, Jeremy Buendia would be the person I admire. Since I compete professionally as well in Men’s Physique Bodybuilding competitions, I can relate to the dedication and commitment that he puts in. He is 4x Mr. Olympia Men’s physique champion. The influence and growth he gives out to the fitness community is revolutionary. He now has over 2 million followers on Instagram, built his own company base on personal training and ebooks, built a fitness clothing line: Hero x Hera, and a charity foundation. To accomplish all of this via social media and through fitness is very inspirational to me.

None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are?

I have never gotten a mentor in my life. But if I were to give credit to my successes thus far, I will have to give it to my family, girlfriend and close friends. Moral support goes a long way.

What do you see as your greatest success in life?

For having the ultimate “freedom.” I’m able to control my own time. Where people have to schedule a meeting with my own terms. To be able to wake up anytime I want. To be able to eat whatever I want. To be able to travel anywhere I want. To control my own time and destiny. This is my greatest success in life.

How can people contact you?