Charged Up An electrical engineer realized his dreams in the land of opportunity.

By Sara Wilson

Opinions expressed by Entrepreneur contributors are their own.

Oleg Nikishin, 44, owns his own house in Warrington, Pennsylvania, runs his own business and is living what many would call the American Dream. Originally from Russia, Nikishin had been in the merchant marines just long enough to catch a glimpse of the U.S. and know that it was in his future. "After seeing another world and the opportunity," says Nikishin, "I wanted to emigrate." So, determined to get educated before leaving his homeland, he obtained a degree in electrical engineering and moved to the U.S. in 1990 at the age of 29.

By 2003, Nikishin had spent more than a decade learning American business by working various electrical engineering jobs and even running his own computer retail store, but he was still searching for the right business to start. That's when he came across electrical-service franchise Mr. Electric. He was attracted to the fact that the industry fit his background and was trend-proof and recession-proof.

Despite his background in the field, Nikishin found it challenging opening his franchise in a territory that was more than 100 miles away from his home. He credits the support offered by the franchise company with helping him through that first year. Now Nikishin and his three employees are busy serving primarily commercial clients, and he recently purchased a second territory: Montgomery County. He is about a quarter of the way to realizing his goal of reaching $1 million in annual sales by 2008. His key to success? Never lose sight of the vision. "If people just want the quick buck, this is not the business for that," says Nikishin. "They have to have the vision and make sure they go for it."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.

Leadership

Lead From the Top: 5 Core Responsibilities of a CEO

Knowing exactly what the chief executive's role entails is critical for steering a company to success.