From Being a High School Drop-out to Banking £80m

How Dolan made his money in business despite being a high school drop-out

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Mr. Dolan celebrating car racing/BBC

He had paper around him, and at the age of 13, he used to sell scratch cards at school. He was very good at math in Primary, which led to money thing flowing from that moment. At 16, he used to ask awkward questions which led to him being expelled from high school. His success was completely unusual. His passion for business was ignited outside school through the activities he conducted throughout.

In the meantime, the successful entrepreneur sees the system of English education in a real sense being impractical and full of criticism. Young people led through universities as a pillar of their success to great jobs. To Mr. Dolan, there must be a revelation in something practically to purpose the presence of incentives in it, otherwise, it is senseless.

The first step of success

At the age of 22, he lost his job together with the license because of drink driving. He was  jobless for more than 15 months thereafter. This accumulated a spiraling debt over his mortgage repayments. He attended to a client on his Ad after receiving a call from her opening a gap for another ad, that earned him the next client.

He went ahead and opened the SJD branch of accountancy in Berkhamsted, London, after working for not less than 5 years as an accountant on his Kitchen table. As the firm grew so fast, he became a leading contractor in the competitive market sector of accountancy.

As part of a £100m deal, Mr. Dolan sold the private equity firm in 2014 to Sovereign Capital, which had over 14,500 clients in a turnover of about £20m

Business Extension

Besides his success happening gradually, Mr. Dolan, as SJD’s outright owner, banked £81m. At 49, Mr. Dolan used the cash flow to open other business branches while at Chelmsford in Essex. He said the growth was organic, so they didn’t buy anyone for their business. The business drove at no capital costs hence short of people and computers.

The growth initiative was to make more money than the ended month. In this way, the business kept the pace of rapid growth. The first month the business made £800, and now focused on making more £1000, so the business strategy was widening every day.

Booster Businesses

This was a drive from the beginning for Mr. Dolan to make an investment plan that was colorful and surprising. He started his own motorsport racing team, Jota Sport in 2008 after his wife bought him a track during his birthday as a present. The said Jota sport was born out of the existence of Team Jota.

This venture is successfully financially stable, making an approximate profit of about £8 million out of sales, £500,000 pre-tax profits.

He also runs Jota Aviation as the boss owner, a chartered airline based at Southend Airport, which happens to be his recent business.

He returned to Dolan accountancy, his old colleagues, to the UK accountancy sector and found the model still the same way, though making a fee income of £14.5 million up from £13.1 million in 2016.

Challenging Market

The biggest challenge according to Emma, the editor, is technology. This shifts the role of the accountant to compliance of strategic numbers and to business from trusted advisors.

Despite some business ideas failing to get off the ground, Mr. Dolan admits that his success was built from scratch and he’s ready to incur what it takes to keep his businesses moving.

Move to Monaco

Mr. Dolan lives at Monaco, with his wife and two sons, 13 and 16. He left the UK in 2013. The reason why he Justifies for Monaco was matters of insecurity and so he researched and found Monaco was the best suited for safety.

He lived a luxurious lifestyle as a multimillionaire, but he found it hard to stay without doing business. He really loves business, in whatever form it takes, as long as it is safe and promising. #Rewordit

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