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Excelling at a Job That Reflects One’s Passion

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Excelling at a Job That Reflects One’s Passion

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Scott Sohr is a respected presence in the Tennessee real estate sphere who has guided numerous land acquisition and development projects. As head of STS Ventures, Scott Sohr oversees diverse startup incubation projects and has extensive experience enabling entrepreneurial growth.

In a recent blog post, Mr. Sohr explored the importance of passion for one’s career path to excelling at a job. Unfortunately, career decisions often take the form of inertia, with concerns such as money and family taking precedence over actual interest in the job at hand. This is a recipe for disappointment in the long run, as a convergence of skills and interests typically define life satisfaction and longevity in a given field.

Mr. Sohr advises that those still seeking a career pay close attention to what comes naturally to them. Despite a tendency to assume that these skills also come easily to others, this is usually far from the case, and these skills can often be honed into opportunities that are both marketable and fulfilling.

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Scott Sohr, president of STS Ventures and co-founder of Stonegate Land, has been establishing and building business in Nashville, Tennessee, for more than a decade. Although his companies span the healthcare, real estate, and renewable energy industries, Scott Sohr remains focused on the field of financial technology, or fintech.

Fintech began its trek to the business spotlight in 2016 and many experts believe the industry will continue its success into 2017. The following are a few fintech trends that professionals should look out for as the year continues:

- Expansion of cryptocurrency: Cryptocurrencies, such as Bitcoin or Ether, are digital forms of money that are used to receive and make payments online. In recent years, digital currency has made significant strides in the business world and it has drawn the attention of big name businesses and investment firms. This suggests it could be expanding to new markets as 2017 continues.

- Mobile-first products: Many fintech companies are relying on mobile-first products to improve their customer experience. Mobile wallet use, for example, has been steadily increasing thanks to its ability to simplify payments, and many other mobile-first products are expected to grow in popularity and use in the coming months.

- Increasing access: Unlike traditional brick and mortar institutions, fintech companies have set themselves apart by being accessible to a much wider audience. Online banking allows consumers to open accounts with fewer fees and peer-to-peer lending platforms have made it easier for individuals and companies to find money. This trend toward access for everyone is not expected to slow anytime soon.

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Scott Sohr is a self-made businessman and entrepreneur from Nashville, TN.

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Learn more about Scott Sohr | STS Ventures

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During the course of a successful career as an entrepreneur and business executive, Scott Sohr has founded and managed companies in a variety of sectors, including finance, real estate, and technology. In addition to his work as president of STS Ventures, Scott Sohr functions as the chairman of Built Technologies, an online platform that connects construction-industry professionals.

Via Built Technologies, borrowers and builders can request services, such as draws and inspections, and gain access to professionals quickly. The service offers real-time project management, thus cutting down on paperwork, and allows users to automate tasks and create in-depth reports while ensuring compliance with industry standards.

To date, Built Technologies has processed over $3.45 billion in loans while helping users lower portfolio risk and increase profitability. Beyond this, the application helps lenders attract and keep reliable borrowers while ensuring full transparency in all dealings, thus inspiring confidence in all stakeholders.

In practical terms, Built Technologies provides a return of between $2 and $2.50 for every $1 spent on the platform and increases the user's administrative capacity two or three times over.

The president of STS Ventures, a firm that incubates start-up companies in Nashville, Tennessee, Scott Sohr earned an MBA from the Vanderbilt University Owen School of Management and now sits on the school's real estate advisory board. Away from his work, Scott Sohr supports Gilda's Club Nashville, named after Gilda Radner, which provides resources to people with cancer.

Gilda's Club Noogieland™, named after a Saturday Night Live skit, aims to help children between the ages of 5 and 17 whose lives have been impacted by cancer. Free of charge, Noogieland™ provides two support group programs that offer children a safe environment to express their feelings.

Kid Support™ is a day-long program that offers information relating to communication, socialization, and relaxation for children who live with a loved one who has cancer or have received a cancer diagnosis themselves. Grief Relief™ groups focus on children who have lost someone to cancer. The groups strive to help children process the emotions related to grief and celebrate the lives of those they have lost.

Scott Sohr is the chairman of Built Technologies, a Nashville, Tennessee-based company that focuses on providing construction lenders with a platform that allows them to borrow funding easily online. In addition to his work with Built Technologies, Scott Sohr is the president of STS Ventures, a company that serves as an incubator for successful startups in areas like fintech, healthcare, renewables, and finance.

A startup incubator is a company that provides a collective physical workplace for multiple startups in the same location. The goal of an incubator is to provide these early-stage companies with the resources they need to fuel growth. A company typically can stay within an incubator's space until it has grown in scale to a size big enough to merit its own location.

In addition to a physical place to work, startups that work with incubators are also usually mentored by experienced investors and entrepreneurs involved with the organization, and may also secure funding from these investors. New entrepreneurs in these business relationships also may gain access to a wider and more accomplished range of business partners, as more established technology and media companies may feel more comfortable working with a newly-created startup backed by an incubator than with a small firm working to find success on its own.

Scott Sohr functions as an entrepreneur with over three decades of experience. By applying his expertise in multiple sectors including real estate investment, healthcare, administration, and engineering materials, Scott Sohr has been instrumental in setting up various new business ventures. Apart from his involvement in many organizations, he also serves as chairman of Built Technologies, Inc.

Incorporated about three years ago, Built Technologies serves as an information technology and service-oriented company based in Nashville, Tennessee. It is an enterprise technology company with the primary motive of facilitating effective and efficient online management of construction lending to minimize risk and ensure transparency in construction portfolios. The company produces collaboration and administrative software and applications targeted towards construction lenders, pledgers, builders, and auditors that have become the industry standard.

With the slogan of delivering immediate value to your operation, Built Technologies' clients have on average about three to five base points (bps) additional interest income per loan and an average return of $2.00 to $2.50 per dollar invested in the company. In acknowledgment of its performance, the company has been awarded on many occasions, including its recent selection as one of the finalists of the FinXTech Awards.

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During the course of a successful career as an entrepreneur and business executive, Scott Sohr has founded and managed companies in a variety of sectors, including finance, real estate, and technology. In addition to his work as president of STS Ventures, Scott Sohr functions as the chairman of Built Technologies, an online platform that connects construction-industry professionals.

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Scott Sohr is an entrepreneur in the Nashville area with his real estate investment as his core.