Mario Nawfal started business at age 23, with no money and had revenue of $1 million in 1 year, and 8 figures by year 2. Since then he has launched more businesses and expanded to Fintech consulting which he bootstrapped, reached 7 figures again in about 6 months.
Entrepreneurial Role Models:
- Mario has many entrepreneurial role models
- Bill H. Gross
When business started difficulties overcame:
“I didn’t have any mentors, no one supporting… it was a very lonely path”…[Listen for More]
Favourite Books:
- The Lean Startup: How Constant Innovation Creates Radically Successful Businesses Book by Eric Ries
- The Star Principle: How it can make you rich Book by Richard Koch
- The Obstacle is the Way: The Ancient Art of Turning Adversity to Advantage Book by Ryan Holiday
- Good to Great: Why Some Companies Make the Leap…And Others Don’t Book by Jim Collins
Favourite Quote:
- “If I have seen further, it is by standing upon the shoulders of giants” Sir Isaac Newton
- “good artists create, great artists copy”
Recommended Online Resources:
- Google – Search the world’s information, including webpages, images, videos and more. Google has many special features to help you find exactly what you’re looking for…
- Alibaba – Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from Alibaba’s award winning International Trade Site
- Audiobooks
- Stitcher Radio – The easiest way to listen to podcasts on your iPhone, iPad, Android, PC, smart speaker – and even in your car
- Feedly – organize, read and share what matters to you. Feedly is a news aggregator application for various web browsers and mobile devices running iOS and Android, also available as a cloud-based service. It compiles news feeds from a variety of online sources for the user to customize and share with others. Feedly was first released by DevHD in 2008.
Best Advice to Other Entrepreneurs:
“the first one is learn from others. Learn from other people’s mistakes whether it’s a competitor or an incredibly successful business like Amazon and Mr Bezos. You could learn more from a competitor or another industry that is done really well than you can learn from a book. So learn from everything around you, whether it’s another entrepreneur in a coworking space that you work out of, or a competitor, or a business that is done well in other industries, podcast – they have got incredible value, listen to the right podcast. Because some of the interviews, some of those success stories you can hear in a podcast they still bring me a lot of value and I get a lot of ideas from them… getting knowledge and taking action would be my recommendation ”…[Listen for More]
More About Mario Nawfal:
Neil’s Quote at the Beginning:
“When I’m old and dying, I plan to look back on my life and say ‘wow, that was an adventure,’ not ‘wow, I sure felt safe.’” Tom Preston-Werner, co-founder of Github
Other Quotes From the Chat with Mario Nawfal:
- “I have the mentality of following the money. It seems simple but it is true”
- “…not having a mentor. I think a lot of my mistakes would have been avoided if I had someone with basic business experience by my side”
- “do the research to make sure you’re going into an industry at the right time…doing that initial research and then testing the market”
- “you have to throw pebbles before throwing a cannonball”
- “it’s great to learn from your own mistakes but why do that when you can learn from other people’s mistakes”
- “Work hard work smart. Don’t only work hard but work hard doing the right thing”
- “there are no hacks”
- “there is no one-way of achieving success”
- “you have to take your emotions out of it, you have to be objective, you have to be humble to learn from others”
- “the market will give you those answers, make sure you listen to the market more than you listen to mentors or experts”
- “be humble enough to learn from others – why make mistakes yourself when others have made them”
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