Nico Vergara may not have a college degree or a trust fund, but he does have ambition. Vergara started his own ice cream business after learning about a unique version of the desert and is now bringing it more than $600,000 a year and expanding his restaurant business. 

Vergara was actually never a huge fan of ice cream, according to a CNBC profile. But, after trying New Zealand-style ice cream, a dish that incorporates ice cream blended with real, fresh fruit, Vergara fell in love.

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After working at an ice cream stand in Portland that sold New Zealand-style ice cream, Vergara decided he would start his own. Using his life savings, which amounted to about $25,000 as well as a small loan from his uncle, Vergara was able to open up his own ice cream stand, "Nico’s Ice Cream."

Vergara initially planned to open a brick-and-mortar store a few years after launching the ice cream stand. However, sales soared, and within just a few months, he was opening his own store. Despite this success, like many ambitious entrepreneurs, Vergara faced numerous setbacks along the way, CNBC reports.

He decided to use some of the revenue from his ice cream shops to also start a coffee shop. This endeavor did not go as well as the ice cream business, and he was forced to close the doors of the cafe following a break-in and disputes with the landlord. 

Vergara is now concentrating on launching a third ice cream store, preferably outside Oregon. Despite the closure of his coffee shop venture, he remains steadfast and undaunted.

"There's passion and love for what I wanted to do. In my opinion, if you think about it too much, you're going to scare yourself out of a situation," he said.

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This story is part of a new series of features on the subject of success, Benzinga Inspire.

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