Scott Fisher, 26
Carthay-based Select Management Group is a talent management and entertainment group.
Financials: On track for an estimated $20 million in revenue in 2018.
What led you to start this business?
I always had an entrepreneurial mindset, and knew I wanted to work with talent and be involved in creating content. In 2011, when I was in college and working at Starbucks in Toronto, I produced a web series and ended up managing the star of the show. The company grew from that one client (who I still manage, Gigi Gorgeous) and eventually became Select Management Group.
How did you fund it, and how are you funding it going forward?
I completely funded it using capital generated from the business.
Are there advantages/disadvantages to starting a business in your 20s, and if so, what are they?
I was able to start the business because I had nothing to lose. I didn’t have to worry about supporting a family, or the cost of overhead. It was a slow, organic build, which I wouldn’t have been able to do at a different stage in my life.
Do you have a mentor?
Since the business was a new concept and I was an outsider to the industry, there wasn’t really someone I was connected to for specific guidance.
Where do you go for advice regarding your business?
I read books and articles to see how the masters of different industries think. Podcasts are also an amazing resource.
Where do you go for professional services (legal help, accounting, etc.)?
We’ve always had the support of different attorneys, business affairs executives and business managers.
How much time/money do you spend on social media for your business?
We maintain corporate socials, which we run in-house.
Does social responsibility play a role in your business?
We recently launched Select Impact, the philanthropic program we’ve built to help allocate our resources and capital to causes that align with the three pillars of action we’ve defined (diversity and inclusion, mental health and entrepreneurship). We host events, volunteer days and organize social campaigns around causes.
Do you feel that your business is particularly tailored to the Los Angeles market, or do you feel you could have launched it in another location?
Definitely tailored to L.A., given the focus in entertainment.
Do you encounter skepticism from investors because of your age, and if so, how do you handle it?
We’ve never pursued investment, but people in the past have tried to use my age against me when looking to discredit me. Thankfully, the work speaks for itself, so it hasn’t been a real problem.
What do you do for fun?
Ideally, it’s traveling. It’s important to get out of your bubble and see new places, so that’s always something I try to make time for.
For reprint and licensing requests for this article, CLICK HERE.