Young Business Club English
Maslov Oleh Hennadiiovych - founder of Greenwheels;  Silver Gate, member of YBC

Maslov Oleh Hennadiiovych

City:
Miami
Business field:
My business focuses on electric vehicles: sales, a car dealership, and international vehicle trade. We outsource logistics, customs paperwork and administrative procedures, and certification tasks to contractors.
Company:
Greenwheels; Silver Gate
Business size:
YBC Wise
Marital status:
Married
Looking for in YBC:
What I value most in the club is the community of like-minded people. I am looking for a circle of people with similar values, where we can exchange experiences, discover new ideas, and receive thoughtful feedback. It is important to me not only to benefit but also to contribute by sharing my own experience, contacts, ideas, or projects.

Why a simple business model multiplies profitability: Oleh Maslov's case study

Section 1: About me. Dossier.

Company
Greenwheels; Silver Gate
Business size
YBC Wise
Marital status
Married
Movies
Oblivion
Dune
Star Wars
Cloud Atlas
Books
Wasp, Eric Frank Russell
Reality Transurfing, Vadim Zeland
Songs
I wouldn't call myself a great music enthusiast or aficionado. I mostly listen to audiobooks on the road, especially on long trips. Sometimes I turn on the radio for a change of pace and a distraction. I also listen to popular contemporary music, but I'm not a devoted fan.
Hobbies
travel, museums, exhibitions, art, design, pickleball, squash
City
Miami

3 events that changed my life

Moving to the US
My second marriage
The birth of my child

3 people who influenced my life

My wife has had the greatest influence on me, supporting me, keeping me grounded, and helping me maintain balance through different stages of life.
My university classmate Vadym has also played an important role. We have grown together and shared many important decisions.
I would also single out Elon Musk. His ambitious thinking, passion for technology, and ability to move entire industries forward have always inspired me.

1 decision that changed my life

«Moving to the US»

Maslov Oleh Hennadiiovych

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Section 2. About the business. Dossier.

Company name
Greenwheels; Silver Gate
Business field
My business focuses on electric vehicles: sales, a car dealership, and international vehicle trade. We outsource logistics, customs paperwork and administrative procedures, and certification tasks to contractors.
Years in business
Approximately 12 years
Status
Wise
Team size
3, with the rest handled by contractors/outsourcing
Has a partner
No
Countries of operation
Ukraine, USA, Canada, Poland, Germany, Georgia, UAE (Dubai).

Section 3: Biography.

From gas station tips to electric cars in Kyiv and the automotive business in the US

Today, I am an entrepreneur at Greenwheels  with an international focus and experience launching and relaunching businesses across countries. My journey began with early part-time jobs and sales. As a teenager, I earned tips at a gas station, and while at university, I took a job at a food trading company. Sales became my real-world education: it was where I first understood how results are achieved, what determines income, and where the limits lie when you work for someone else.

My main advice to entrepreneurs just starting out is to try as many iterations as possible and not be afraid to test different models. Everyone has their own path, and there is no universal formula for success. At the same time, it is crucial to find a balance between persistence and knowing when to change direction. Sometimes you need to keep moving forward even when results are not yet apparent; at other times, you need to acknowledge honestly that your resources would be better directed elsewhere.

In my view, one of an entrepreneur's key skills is knowing when to keep going and when it is time to change your approach or direction altogether. To some extent, this combines intuition, experience, and the ability to read market signals. To me, an entrepreneur is someone who can effectively move limited resources from one place to another, combine them, and direct them toward growth potential. That is why it is important to develop the ability to identify promising opportunities for growth and focus your attention, time, and energy on them.

Looking at the next five years, I am currently exploring areas that will genuinely inspire me over the long term. I am very interested in real estate, property development, construction, design, and architecture. These are fields I am naturally drawn to, and I see myself developing in this direction.

Alongside this, I continue to develop my automotive business. My main activity currently centers on exports, but in the future I plan to focus more on the US domestic market. It is a huge market with significant potential, where finding the right entry points, building sales channels, and adapting the business model to local conditions are essential. Strategically, I therefore see two main directions for myself: property development and scaling the automotive business in the American market.

As for social and charitable projects, I cannot currently say that I am involved on a consistent basis. I make donations and support individual initiatives, but more occasionally. Previously, I was more involved in joint projects through my network and the club community, but at present I do not have a dedicated social initiative that I could describe as a significant part of my work.

For me, happiness is first and foremost about having a choice. It means being able to decide for yourself each day how to live, what to do, who to be with, and where to go next. Even if you make the same choice every day, what matters is that it is conscious and voluntary. Without choice, there is no inner freedom, and therefore no happiness.

Do I consider myself happy today? That is a difficult question. Life always brings tasks, challenges, and issues that need to be resolved. I am one of those people who cannot simply set a problem aside and stop thinking about it — it keeps running in the background and affects my emotional state. I am quite reflective, so I experience these inner processes deeply.

At the same time, I consciously work on maintaining my energy, shifting my focus, and finding positives even during difficult periods. Experience has taught me that every difficulty is temporary and passes, while new challenges and new sources of joy always lie ahead. So I cannot say that happiness means constant euphoria for me. Rather, it is the ability to stay balanced, find meaning in what is happening, and retain the inner freedom to move forward.

Sustainability, car sharing, and the first electric car dealership in Ukraine in 2015

How did the business idea come about?

I have always been drawn to startups focused on the environment and sustainability. Over time, that interest naturally evolved into a focus on electric vehicles. Initially, I considered a car-sharing model, but the market was not ready for it at the time. So we started with sales in Kyiv and opened one of the first electric car dealerships in 2015.

For me, it was not just a business project, but a way to develop something useful that also had economic potential. I had no capital of my own at the start, so finding investors became one of the first tasks.

Keeping a day job and staying persistent — the foundations for launching an electric vehicle business

What key skills helped you launch the business?

When I launched the business, I was building it while also working for someone else. Persistence, discipline, and the ability to see things through to results were essential. For me, it is a matter of principle: if you take something on, you need to see it through to the end.

Investors, the first team, and learning management from scratch

What were the 3 toughest challenges you overcame in the early years?

The first major challenge was attracting investors. I needed to prove the idea was viable, convince people of the business model, negotiate, structure agreements, and sign contracts.

The second challenge was building a team. I have always been more comfortable working independently, so delegation did not come easily. There is an inner perfectionist in me: I often feel I can do something faster and better myself. But business forces you to adapt. A physical car dealership needed sales managers, technical specialists, and people who could take on operational tasks.

The third challenge was developing my management skills. Before that, I had no experience building and managing a team where I was responsible not only for results but also for people. I had to learn management quickly: I attended specialist seminars, read books on management, motivation, and working with staff, and learned from entrepreneurs with larger teams.

Capital shortages, COVID, and moving to the US without an operational role in the company

What crises has your business faced, and how did you overcome them?

The first was the startup crisis: the typical early stage of a business when everything is still very fragile and depends on many external factors.

The next serious crisis was a shortage of working capital. Some of the investors involved in the original business plan saw their circumstances change and could no longer provide the required funding. This led to changes in the partnership, with some partners leaving and new ones joining. We went through a move to another location, a company restructuring, and a difficult period of aligning everyone's interests.

My move to the US was another turning point. At a certain stage, I effectively handed the business over to the partners who remained in Ukraine and moved away without retaining an operational role in the company. Initially, I planned to pursue real estate, and that was my focus during my first year in the US. But the COVID pandemic significantly affected the real estate market, and over time, my existing client base and market demand naturally drew me back to the automotive business. It was not a forced decision, but an organic return to a field where I already had expertise, a network of contacts, and strong personal motivation.

Outsourcing and minimal staffing — what increased profitability

Which decisions proved most effective for the company's growth?

The most effective decision for the company's growth was to delegate as many business processes as possible to external partners. I deliberately outsourced everything outside my core expertise. For example, I do not handle logistics myself — I work with companies that specialize in it.

The second important decision was to reduce permanent staff to the minimum necessary. My experience has shown that when a business maintains an oversized team, you often end up working primarily to sustain the organization itself. For me, a business should generate profit and flexibility, not create additional operational inertia. Streamlining the structure was what allowed us to significantly increase profitability.

Too much trust in highly confident people — and a costly lesson

Which mistake do you now consider your most valuable learning experience?

My most valuable lesson has to do with people. Specifically, placing too much trust in highly self-confident people. Such people often make a strong impression: they project control, determination, and confidence in their ability to deliver. This creates a sense of reliability.

But experience taught me that confidence does not equal competence or the ability to manage risk. On the contrary, excessive self-confidence sometimes leads to poor decisions and an underestimation of real threats. If your business depends on such people, you ultimately gain valuable experience, but often at your own expense.

From gas station work and sales to my first $100 000 in the US in my third year after moving

How did you earn your first $100?

I earned my first money as a teenager, working part-time as a gas station attendant in grades 9–10. It was mostly tips from drivers rather than wages. I got the opportunity through my aunt, who worked at the gas station and let me help out.

How did you earn your first $1 000?

I earned my first thousand dollars while at university. In my third year, I started working as a sales representative for a food company. My income depended on sales commissions, so my results were directly determined by my own performance.

How did you earn your first $10 000?

I earned my first 10 000 dollars after launching the electric vehicle business in Ukraine. It happened about a year after launch, when the business began generating steady income and I was able to take out some of the profit.

At the start, the situation was the opposite: expenses were high, and my personal income was even lower than when I was employed. I saw this as investing my time, energy, and resources in future results.

How did you earn your first $100 000?

That happened in the US, around the second or third year after moving and restarting my business activities. During the first year after relocating, I focused more on real estate, but later returned naturally to the automotive business.

How did you earn your first $1 000 000?

Personally, I have not yet earned my first million dollars. In our business, it is important to distinguish clearly between revenue and profit. You can have very high revenue, even hundreds of millions, while operating on a minimal margin or even at a loss.

Our business has low margins, so high sales volumes do not automatically mean high personal income. This is a goal I am still working toward.

Section 4: How can I be useful? Experience I can share.

Relocating to the US, attracting investment, and international automotive business

First and foremost, I can share my experience of relocating and starting business activities in another country. I always emphasize that someone else's experience should not be copied literally. You can use it as a guide, adapting it to your own situation.

I can also share my experience in negotiations and attracting investment. I still do this today — advising individual projects and helping with networking, contacts, and strategic positioning for potential investors.

Another area is international business. Since my business operates across different countries, I have a good understanding of local markets, business cultures, and the nuances of working across different jurisdictions.

The simpler the business, the more efficient it is

Your experience: how do you systematize a business?

My core philosophy is to simplify as much as possible. The simpler the business, the more efficient it is.

When there are too many layers, people in charge, and complex processes, a business starts consuming excessive time, attention, and energy simply to keep its own system running. In this model, it is easy to lose focus on the main goal — creating value for the market.

For me, business is about delivering value to the market as quickly as possible and being rewarded for it. The shorter that path and the fewer unnecessary steps involved, the greater the efficiency.

Revenue and profit are not the same: the logic of x2 growth

Your experience: how do you grow x2 in a year?

It is important to understand that you can double your revenue while losing profit. Conversely, you can reduce revenue while significantly increasing profitability.

When it comes to the owner's personal income from the business, x2 growth is usually achieved through simplification, optimization, and cutting out anything that drains resources without creating additional value.

Other growth drivers include entering new markets, changing the target audience, strengthening the product, expanding the product range, or introducing significant innovations. Strategically, a business grows through expansion, added value, or lower costs without compromising product quality.

Section 5: Club value

What am I looking for in the club?

What I value most in the club is the community of like-minded people. I am looking for a circle of people with similar values, where we can exchange experiences, discover new ideas, and receive thoughtful feedback. It is important to me not only to benefit but also to contribute by sharing my own experience, contacts, ideas, or projects.

What have I received from the club?

The club has given me a strong network: access to people with diverse expertise whom I can approach not only about business matters but also about broader life or social topics. As an online member, I particularly value the large in-person gatherings. They offer meaningful social interaction and a sense of being among the right people. Being surrounded by people with similar values has a positive effect on both your mental well-being and the quality of your decisions. For me, the club is first and foremost about people I can trust and feel comfortable being myself around.