Success is not a one fits all formula. However, history has shown that many of the world’s most successful entrepreneurs have adapted similar habits and systems. According to entrepreneur Ali El Gamrini, founder of 4 extremely successful companies, his success was the direct result of investing in himself, building strong relationships, thinking long term, and creating multiple sources of income.
Originally from Cairo, Egypt, Ali Gamrini lived with his parents in the Middle East for 13 years before moving to New York to live with his uncle. He chuckles recalling his hustle in those early years which he spent bussing tables and earning bringing home hundreds of dollars in tips each week. By the time he was graduating high school, his parents had moved to Ontario, Canada. He joined them and spent the next several years attending high school and college to obtain an engineering degree. It wasn’t long before he realized that a traditional career wasn’t in the cards for him and in his mid-twenties, he founded his first two businesses, a clothing company, Pushers Collective, and not long after, Blanche Lounge, Windsor, Ontario’s hottest nightclub. When he got the chance to take over a popular Instagram account, NoChillMedia, he utilized this opportunity as an additional revenue stream and means of driving traffic to his online store.
By early 2019, Gamrini started his most recent business venture, Gamrini Homes and Construction. In just a few short years, he has rapidly scaled this business and presently rents out and buys and sells property all over the greater Windsor area. He recently acquired 34 acres of property and plans to develop over a hundred homes in the next few years. However, Gamrini’s success did not happen overnight, rather he spent years learning, growing, and developing the strategies and mindset that have gotten him to where he is today. According to Ali El Gamrini, four practices have directly contributed to his success.
1. Invest In Personal Education.
When Gamrini was first starting out, he took the time to learn all he could about the industries he was diving into. “Don’t discount the power of online research,” he advises, explaining that much of his knowledge simply came from putting in the time reading articles and watching videos.
2. Build Strong Relationships.
Gamrini sought out a mentor in both the real estate industry and the clothing industry when he was in the early days of his businesses. Having a mentor to support your business venture, guide your decisions, and offer tactical advice is invaluable, if possible, find a mentor who has a wealth of experience in your industry. However, according to Gamrini, this shouldn’t be a one-sided relationship, look for ways that you can benefit your mentor and contribute to their success as well.
3. Always Think Long Term.
Although quick money grabs can seem appealing at first, those will nearly always fizzle out. “Don’t go after short term gratification, always think about the end goal and work back from there,” says Gamrini, “Once you have decided what your end game is, you can take the steps necessary to get there.” However, this requires a great deal of discipline. As with anything in life, one must utilize willpower to see the fruits of their labor. Success won’t be overnight, but if you make daily decisions, those eventually add up. “Surrounding yourself with like-minded individuals can make this journey a lot easier too,” recommends Gamrini.
4. Don’t depend on one source of income.
As soon as Gamrini began to experience his first taste of success, he immediately began to diversify his business ventures. This approach paid off majorly in the last year. Although Blanche Nightclub was massively successful for the first years, and Gamrini has plans to open a second location, the impact of COVID-19 has been devastating to nearly everyone in the hospitality industry. Retail has experienced a similar fate, and although Pushers Collective’s e-commerce business is flourishing, the loss of their sales from the brick and mortar stores was not a gentle blow. Fortunately, Gamrini’s real estate company is doing better than ever as the housing market thrives in Ontario, Canada. One cannot know what the future holds, but by creating multiple sources of income, business owners can protect themselves, their families, and their financial futures.
As Ali El Gamirini contemplates the near future, he is eager to continue to scale his real estate business with plans for a 100 home development on a brand new 34-acre plot of land. As the world returns to normal, he hopes to revisit his plans to open a secondary nightclub and re-open his brick and mortar retail stores in Ontario and Atlanta. Through it all, he continuously returns to the same pillars that brought him success and prioritize his education, relationships, long-term thinking, and multiple income sources.