Jaymes Lee Kim Meng, a franchisee, started with $20,000 and opened seven convenience stores by age 30. He spoke with CNA Insider about his journey and the challenges of running a 24/7 business. Meng was motivated to boost his finances and secure job security, living below his means to scale his business faster.

Meng worked with 7-Eleven, which offered favorable discounts for young entrepreneurs. He had to pay only $20,000 to open his first store, eventually expanding to seven locations. Despite financial challenges, Meng’s strategic sacrifices, like taking the bus instead of driving, led to long-term wealth accumulation.

Initially working in his stores, Meng transitioned to a backend role, focusing on managing the business, people, and headquarters. He emphasized the importance of commitment and mindset for aspiring entrepreneurs. Meng’s success story serves as inspiration for those looking to build their own businesses with determination and dedication.

Read more at Yahoo Finance: ‘It’s A 24/7 Business. We Do Not Close.’