Business

Damon Becnel’s Essential Guide to Success as an Entrepreneur

Published

3 years ago

November 4, 2021

It’s tough to be an entrepreneur. Many factors contribute to success, and it can be difficult to know where you should start. An article by Entrepreneur Magazine states that the most important qualities for entrepreneurs are creativity, courage, curiosity, determination, focus, and resourcefulness. These skills will help you take your business in any direction you want! This is the essential guide to success as an entrepreneur, thanks to Damon Becnel.

Define your Goals

Setting specific, measurable goals will keep you on track. By writing your goals down and sharing them with other people in your life–like family members or close friends–you can make sure that they are achievable!

Be Creative to Stand out from the Crowd

Successful entrepreneurs always have a unique idea or vision for their company. This is what sets their business apart from others in the industry! If you want to be an entrepreneur who succeeds, then come up with at least one original product or service that no one else has thought of before.

Create Great Content

When starting as an entrepreneur, it’s important not to focus on selling products; You should also work hard to create valuable online content, so people know about your brand. The more people who know about your business, the better!

Create a Budget for your Business

Many entrepreneurs do not realize that they need to set a budget and manage money properly if their business is successful. If you want to be an entrepreneur who succeeds, always make sure that your expenses are less than the money coming in.

Don’t Give Up Easily

It’s easy to quit when things get difficult or overwhelming–but successful entrepreneurs don’t let challenges stop them from reaching their goals. If you’ve failed at something in the past, don’t let that stop you from trying again!

Be Resourceful!

Your creativity, courage, curiosity, determination, and focus will all come in handy when you’re working on your own without the help of others. You won’t have anyone telling you which direction to go or how long projects should take; So it’s up to you to find ways around problems as they arise.

Don’t Get Discouraged by Failures

Just because something doesn’t work out one way does not mean things are over for good. There may just be another solution lurking somewhere else–you just have to look for it! If at first you don’t succeed, then try again and don’t give up!

Hire Help When Needed

Many business owners mistakenly think that running a company means doing everything themselves. But the truth is, there are only so many hours in each day–and you will need to hire people who can do some of the work for you! Skillfully managing your employees and delegating tasks will help free up time for things like spending quality time with family members or promoting your brand online.

Don’t be Afraid to Ask for Assistance

Entrepreneurship requires courage, but it’s not always easy to find this within yourself when times are tough. Asking others for advice might seem difficult at first, but they may have valuable insights into how to make your business successful again. Additionally, if you’re having difficulties making ends meet financially, asking friends or

Work on your Personal Life

Many entrepreneurs make the mistake of neglecting their personal life too, focusing on business. But if you don’t take time for yourself, then you won’t have any energy left over to devote towards your company! Make sure that your days off are devoted entirely to you and your loved ones so that when business is over for the day, it’s truly over!

Don’t Discount Yourself

When we think of entrepreneurs, most people picture a man in a suit running his own company from an office building downtown. But this stereotype only makes many young women and girls believe they couldn’t possibly be entrepreneurs–after all, they don’t fit the “mold” of what a successful business owner is supposed to look like. But you shouldn’t limit yourself! Anyone can be an entrepreneur and succeed with hard work and determination.

Stay Organized and Plan Ahead

Successful entrepreneurs find ways to get organized! Making a schedule for yourself and setting goals each day is the best way to keep your business on track. You can even create a binder or folder containing all of the important information needed if you need it quickly, such as contact numbers, advertising strategies, and sales data.

Networking is Key to Success as an Entrepreneur

Many entrepreneurs mistake focusing all their energy on selling products or services–but this is a huge error. The truth is, you will have much more success if you learn how to network with others in your industry and build up a loyal client base! If possible, attend networking events, conferences, and trade shows to meet your target audience.

Don’t Forget about Social Media

Many entrepreneurs struggle with the idea of using social media because they aren’t sure how it will help their business grow. But if you are looking for a way to make new connections–or even rekindle old ones–it’s the perfect way to promote your brand and engage with customers! Just set up a profile on Facebook, Twitter, or any other social media site of your choosing and share interesting posts regularly.

It’s not an easy path, but it can be rewarding. If you’re looking for some guidance on how to start your own business and find success as a modern entrepreneur, this is the place to turn! You’ll learn about everything from getting started with entrepreneurship online to what it takes to make sure your company sticks around long-term. Get ready for advice that will help you achieve happiness in all aspects of life, work included!

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

5 hours ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.