Ghazi Abu Nahl, a 72-year old man, born in Palestine, has become one of the symbols to success. Now, being the chairman of the Nest Investments group (assets exceeding 5 Billion $), with subsidiaries all around the world in the MENA region, UK, Spain, Qatar, etc., he is one of the most successful men of the Gulf. He claims of himself as a former refugee and an insurance sector pioneer and acts as living proof of rags to riches tale. Ghazi, who loves recounting the early days, when he decided to start doing business, as someone had to feed his big family.
He set up his first business at 33 years of age that is the Qatar General Insurance and Reinsurance Company. Decades later, Ghazi Abu Nahl still claims that he enjoys his job as much as he did in the first years and that though there were a lot of downfalls, he always remained trustful in his team and believed in himself. Now the Nest Investments group is organized in various verticals including insurance, reinsurance, banking, broking, manufacturing, WTC operations, as well as investment and real estate. Ghazi, being a man to respect when it comes to doing business, has a few tips on how to have success in your business. Let’s take a look.
Source: prnewswire
Ghazi Abu Nahl Keys To Sucess
- His first principle is to follow the rules and set-out For him, providing the best value to everyone both the shareholders, partners, investors, is the key to success. This way you are forming a trustful partner etiquette, and the one that many will opt to work with.
- Advertise in fun and creative way remaining within the ethical framework. Ghazi loves suggesting the importance of correct advertising, that always adapts to the changing customer behaviors and technology evolution.
- One of his main types is to never turn a family business into a dynasty. Although his one started as a family business and mostly still remains one, he doesn’t think that this should prevent an entrepreneur to adapt and widen his working network. He thinks that if all the roles are filled in by family members, this can even lead to easier arguments, and at the end business splitting or business failure. Ghazi doesn’t see a reason why you shouldn’t hire non-family members especially taking into consideration that it is likely new people will come with new ideas and strengthen your company. He also suggests the importance of professionalizing the business, as soon as it asks for. Though most businesses are started by a few people, as soon as the business, you have to turn around and comply with some regulatory principles in order to achieve sustainable growth.
- Abu Nahl claims that respecting cultural diversity, and the effort of offering international trade services will certainly pay off. His goal was spreading his business as far as he possibly can from the Gulf region, reaching even Spain and UK markets, and that is what he recommends to other as well. He thinks that the benefits of doing international business instead of the local one are numerous.
- In the end, he thinks that every company should act in with social responsibility, supporting projects concerning education, law and basic human rights. This is an important ethical thing that companies tend to forget, though it pays off to them as well as they form a picture of a business that cares about much more other than turning around profit.
Summary
Words of accomplished and wise men like Ghazi is, are sure to help you, and it is up to you to go through and follow the principles to success!
