In this episode of the Business Growth Talks podcast, host Mark Hayward welcomes Feras Alhlou, a seasoned entrepreneur and business mentor, to discuss his extensive journey in entrepreneurship and business growth. Feras Alhlou shares his insightful experiences from starting as a hardware engineer to transitioning into the business world, founding multiple companies, and ultimately selling his digital marketing firm to a major global player, Dentsu. Mark and Feras delve into the intricacies of developing a business mindset, emphasizing execution and the importance of balancing planning with action.
Feras offers practical advice on scaling businesses, focusing on the transition from small business services to high-revenue corporate clients. The conversation also highlights the critical facets of financial management, talent retention, and building a growth-oriented company culture. Feras stresses the significance of doing thorough market research, maintaining profitability, and being ready to pivot when necessary. Throughout the episode, Feras’s passion for giving back to the community through mentoring and supporting nonprofits is evident, reflecting his belief in the value of service and generosity.
Key Takeaways:
• Execution Over Ideas: Feras underscores the importance of execution, stating, "I'm big on getting stuff done. I'm big on execution."
• Risk and Growth: Emphasizing calculated risk-taking, Feras shares, "You have to take some bold action. You got to go and explore the market, talk to maybe bigger companies than you're used to."
• Delegation for Scalability: Discussing growth, Feras mentions, "If you want to scale, you got to delegate, you got to hire, you got to bring others to do the things that you were doing."
• Importance of Market Research: Feras points out, "Do your due diligence. Do some market research. Look who else is offering this service."How To Come Up With A $19M Skincare Idea In A Week (https://30-and-thriving.com/spotify_ab_buzzsprout)
The unobvious benefits of having no experience in business when setting up a new startup
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