Ziad K Abdelnour is the President & CEO of Blackhawk Partners, Inc., a New York based private equity agency. He is also an activist, lobbyist, author, wall-street financier, and also an active philanthropist. Ziad Abdelnour is the author of the best-selling books, “Start-up saboteurs – How Incompetence, Ego and Small Thinking Prevent True Wealth Creation” and “Economic warfare: Secrets of Wealth Creation in the Age of Welfare Politics”.
Ziad K Abdelnour – The True Visionary
Ziad has helped more than 125 serial entrepreneurs and is a regular speaker on start-ups, funding, and how to create real wealth. Even in his two books. He has provided several tips and suggestions for entrepreneurs and businessmen to monetize their network and create significant value out of it. In this article, let’s take a look at the top 5 tips for financial success by Ziad K Abdelnour.
Ziad’s Advice to Entrepreneurs for Business Success & Wealth Creation
Ziad is a true visionary and a successful businessman who is a board member of around seven different companies with a net worth of more than $1billion in revenues.
1. Money is a Form of Wealth, But Wealth Is Not Money Alone
If you happen to read his Start-up saboteurs book, you would’ve noticed that Ziad starts his book with these words. These are such thoughtful words that every aspiring entrepreneur need to keep these words imbibed in their minds. Ziad further states that a wealthy man is not one who has possession of material possessions or hard cash, but a truly wealthy person is one who has access to a lot of resources.
2. Fail Fast – Fail Cheap
Ziad says success comes not to the ones who just have a degree from a reputed institution, but people who are willing to succeed through failures. One of the best tips for aspiring entrepreneurs by Ziad is to come up with a concrete business plan and use it to raise your funding. Even though the first stage of funding will not be a lot, it will be just enough to get going. Creating real wealth is not only about adding more and more money to your repository, but also making sure you don’t lose big.
3. Capital is King
While the content is king in the movie business, many think a concept is king in the start-up scene. But Ziad Abdelnour disagrees and says that the capital is the king. He further adds that even the best business idea can go in the drains if there is not enough money to execute it. Hence, budding entrepreneurs should understand the fact that if you want to become financially successful, you need to stop bragging your ideas and start selling it to bring in some capital.
4. Hire Smart
One of the key aspects to be a successful businessman and create real wealth is to surround yourself with smart people. Opposite poles attract, and it is true for business too, ensure you hire people that are stronger in areas that you are weaker. Hire people that come with a free mind and think independently and not just always “yes” all the time.
5. Stay Wealthy by Choosing Attractive Assets
Ziad reiterates the fact that if you want to stay wealthy for long, then you need to buy assets that brings you profits. A profit-making asset doesn’t mean it makes a lot of money, but it is considered profitable if it appreciates. So that even if you sell it after a few years, you still make a lot of money.
And to wrap it off, here’s a gem from Ziad Abdelnour, “Don’t think outside the box. Think like there is no box.”
