We had the good fortune of connecting with Hardy Vibert and we’ve shared our conversation below.
Hi Hardy, we’d love to hear about how you approach risk and risk-taking
The entertainment industry is all about the client. My goal is to keep my clients happy. You could think, where’s the risk? Well, for me there are two types of risk – one applies to events where you have no control over the outcome. Some of my clients love spinning the roulette wheel, or pulling the Hollywood Casino slot machines. They have zero control over the outcome, and that to them is the exciting part. The second type of risk, the one I like to take, is where we do have a high degree of control over the outcome – it’s calculated, almost strategic. That’s the type of risk I took when I decided to start my Hollywood Hospitality company, (PHH Hospitality) Now, risk has been evident in my life and career engagements. There came a phase in my life when I decided to take hospitality seriously. I went ahead to create a hospitality company and invested all my time and knowledge in it. This was a huge risk for me at the time because starting a company isn’t easy. It requires your full attention and dedication. A report from the US Bureau of Labor Statistics (BLS) shows 45% of new businesses fail within the first five years. Growing a successful business is time-consuming, having to neglect other things. Sometimes, risk presents itself as a choice between options: choosing one implies forfeiting the other. At that point, being constructive, driven, and determined on the desired outcome one has envisioned makes the difference. In my case, I knew I could scale the business and make it quite profitable, so I went for it. I did not hold back in making the necessary connections I needed worldwide to establish my hospitality company. I made sure to focus on my top clients and their needs to balance my company affairs effectively. Covid-19 came as a setback while at it. It was not an envisioned risk outcome, but I could pull through with my real estate investments. My Hospitality Company (PHH Hospitality Group) Currently survives by renting out exotic vehicles and homes in the Hollywood hills to my clients. Having begun my journey (PHH Hospitality Group in Hollywood) and looking at the risks I have taken from my first big move, eight (8) years now, it has been quite the journey. I can say I haven’t looked back since. I’ve always been fascinated by the glitters of the nightlife, and I have a passion for the nightlife scene and Hosting Events. I’ve never regretted the risks I took. In fact, it fueled me to take more. The majority of my proceeds launched me over to my next venture, Out Of State Real Estate Investments. This was a bigger risk, but I went for it, and I’m already growing in it. Out Of State Real Estate Investments are not without challenges, but I’ve had people who helped me stabilize and survive. My out-of-state property investment company (Vibe Investments) has been coming along for a few years now and is keeping me steady in these uncertain times. Up till now, I still have people constantly advising me on creative ways to generate new streams of income further to fuel my career endeavors. In the end, risk in itself has been a major fuel and drive for success in my life and career. Today, I’m really glad I took the risk In Investing Out of State for more guidance on out of state investment properties, you can check out my next project Vibe Invest LLC www.vibeinvestment.com. You are in for a swell time!
What should our readers know about your business?
My two business ventures, PHH Hospitality and Vibe Investment, are high-flying business outlooks today. I am proud of these lifetime achievements. I realized early in my life that I had an interest in the hospitality industry. So, I went for it. Honestly, it was not all a fun ride. I had to make sacrifices, risks, and determination to see that we are still standing strong despite all. Today, we stand high among other businesses in the industry as we go to any length to ensure our clients’ best hospitality experience. . After PHH Hospitality, I founded Vibe Invest LLC, an investment company in real estate. The inspiration and guidance I got on it stemmed from my study of Robert Kiyosaki’s book, Rich Dad, Poor Dad. It gave me perspectives on how to go about real estate investment. Similar to my first business, what makes it distinct from the other businesses out there is the grit with which I work and ensure that we keep afloat despite any wind of difficulty that comes our way.
Any places to eat or things to do that you can share with our readers? If they have a friend visiting town, what are some spots they could take them to?
Many places come to mind to recommend my best friend to relax in, with beautiful scenery and people. However, a sure recommendation would be a weekend trip to Malibu. This place stands out due to many great reasons. Our itinerary in Malibu is going to be quite lovely. This town is close to the PHC, which has some of the best views in Los Angeles. I would take my friend to the Malibu Country Mart. This is a shopping center in Malibu, filled with amazing eateries. Of course, we will take our time to relish the outstanding dishes in these eateries. Subsequently, we would take a ride up the PCH. The journey would feature many stop-overs. This purpose is to relax and savor the breath-taking views on the road and especially the beach.
Who else deserves some credit and recognition?
In my journey, I cannot dispute the place of remarkable individuals who have thought it worthy of lending their helping hands to my success in life and business. My shout-out goes to everyone who has given me access and support during my years of building invaluable life experiences. I’d like to notably appreciate the first club that hired me, Playhouse Night Club. They gave me the platform to work on. Also, Warwick Night Club holds dear in my heart for modeling me into an enviable nightlife host, which I am today. Last but not least, I give a resounding shout-out to an author and his book that changed my life and gave me perspective on real estate investments, Robert Kiyosaki’s Rich Dad Poor Dad. This book served as a springboard for my career as a real estate investor today.
Linkedin: Hardy Vibert