After suffering a severe setback due to an investment-partner-gone-rogue, it dawned on Patrick Duong that it was time to make a life-changing decision.
With a background that has toughened him against the hardships of life, Patrick has had more than his fair share of low points. These experiences have all contributed to making him into the resilient business owner who took an ALL-IN dive to create Talent Evaluation Group LLC, months after taking a major hit in 2016.
Talent Evaluation Group LLC is a private equity consulting firm that creates solutions for banks, private equity firms, venture capitalists, hedge funds, and investors, by increasing their profit margins and lowering their cost of operations. Patrick and his team offer business strategy services to shareholders, hedge funds, venture capitalists, private equity firms, and private credit strategies on strategy, operations, risk management, compliance, and marketing.
With twelve years of senior-level executive experience under his belt, Patrick was more than qualified to start his own firm.
Of his time in corporate service, Patrick says “I worked directly under the tutelage of two incredible owners. Everything started and ended with me. That experience has taught me to be mentally and physically tough.”
Some might even say that Patrick’s decision to set off on his own was long overdue. Starting his career in sales at age 18, he quickly rose through the ranks in the health and wellness industry, making up to one million dollars in earnings by the time he was twenty-five. He was recognized across his company as a top performer and was instrumental in the expansion of the brand from seventy locations to more than six hundred outlets. Patrick truly knows his onions in business.
Drawing from this experience, he put out his book “Recession is Opportunity” in January 2019, a sequel to his best selling debut titled “Don’t Change, Just Get Better.”
In this book, Patrick almost prophesied the state of the world’s economy in 2020, using deep research and analysis to teach business owners how to find opportunity in the midst of economic chaos.
“Most people think of recessions as being all bad,” Patrick alludes. ”Truthfully, for many people, they are a time of cutting back on spending and attempting to make more conservative purchase decisions. Though for a select group of industries, a recession may lead to an increase in business, perhaps even an opportunity to thrive or grow the businesses extensively.”
For Talent Evaluation Group, 2020 only means business as usual. Patrick attributes this normalcy to the trust his clients have placed in his brand.
“We have the opportunity to steer our ship wherever we want because we have everyone on board,” he further affirms.
He also admits that things are only going to get better for his brand and the businesses that trust him with their growth.
“We’ve added quite a few investors from private equity firms, venture capitalists, athletes, artists, and even a few celebrities,” Patrick confirms. “One of our start-ups has already received the funding that it needs to scale and we are excited to fully launch different product lines ranging from supplements, apparel, fitness apps, and over fifty CBD products all under our umbrella.”
Keeping up with all his ventures might drive an average man into the ground, but Patrick has a special blend for keeping stress at bay.
“I exercise daily. The gym is my home away from home. Shoutout to the folks at Metroflex – The Castle. I also read one book every two weeks. Exercise and books are how I keep off stress and burnout.”