Hany Fam is the CEO and founder of Markaaz, which is the world’s first global platform to verify and connect small businesses. Prior to founding Markaaz, he served as CEO of AXA Global Enterprise & Partnerships, Founder & President of Mastercard Enterprise Partnerships and President of Mastercard UK & Ireland Markets.
Entrepreneurial Role Models:
When business started difficulties overcame:
“There were so many. The fear of failure is probably one of the biggest and it’s in my humble opinion it’s the single most paralysing thing that stops potentially great entrepreneurs from becoming that. People with talent, people with skills, people with abilities live in the fear of failure. What we know today optimal are not is usually our most paralysing driver, that survival instinct and the fear of making changes in what you do and how you do and how you spend your day and how you apply yourself”…[Listen for More]
Favourite Books:
Favourite Quote:
“Is it worth it?” ”Yeah, it’s worth it… If you’re strong enough.” Men In Black Movie
Recommended Online Resources:
- Medium – where words matter. Medium deliver’s the best stories and ideas on the topics you care about most straight to your homepage, app, or inbox.
- Podcasts
- Gartner – Global Research and Advisory Company. Gartner is a research and advisory company. They equip business leaders with indispensable insights, advice and tools to achieve their mission critical priorities today and build the successful organizations of tomorrow
- Company Websites
Best Advice to Other Entrepreneurs:
“Pick two things that need to be solved. Ask yourself the question can you do it better than anyone else? Do you have the resources? Or can you find your way to the resources to do that? And last but not least and the most important question is can you do it quicker than anyone else? So I guess in summary, focus, plan, count the cost, double it and go for it”…[Listen for More]
More About Hany Fam:
Markaaz https://markaaz.com/
Neil’s Quote at the Beginning:
“The world is changed by your example, not by your opinion.” Paulo Coelho
Other Quotes From the Chat with Hany Fam:
- “I not a fan of idolising individuals at all because it stifles our own ability to be at our full potential. So, I like to pick different traits or characteristics of different role models”
- “Can you articulate one or two very specific problems that aren’t solved? Do you have a way to solve them? Can you put together a syndicate to solve them? And can you be the best asset in the world?”
- “When you get going everyone will stop criticising you… As you get going that is the proof you need. It’s not the opinions that people express, it’s not the guidance that books give you. You won’t find much of what you need in books as an entrepreneur. It really is about living it, overcoming the daily doubts and having an impact”
- “I have often so people this journey is not for the fainthearted and you need to be prepared for so many challenges along the way”
- “Do not leave yourself open to litigation. As Covid has taught us there is all sorts of curio it is around labour law and employment laws. Make everybody sign arbitration agreements that you bring on board”
- “My lessons with people. Work with people that you know. They might not be the very best but if you know what they can do with some degree of predictability and reliability that’s the way to go.”
- “Make sure that you have a mechanism for dealing with disputes. and they will inevitably happen”
- “Make sure you have damn good lawyers working with you from the get go”
- “Find the one or two things in the market or the industry that you are tackling. Don’t have 10 have one or two. Be prepared to pivot on for sure. Find one or two and ask yourself this incredibly hard question can I come up with a solution that’s better than anything else out there in the world today? And how quickly can I do that? And what’s it going to take to do that?”
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