Muhammad Umar Farooq Rana, Founder and CEO of Alchemative, recently had the privilege to give interview for The Emirates Times. Alchemative has been built with a commitment to build solutions for everyday problems using technology. So that has led to an e-commerce revolution in the GCC region.
In this insightful interview, our CEO shares his perspective on unconventional ways to seek guidance, tackling challenges, and emerging trends, while offering invaluable lessons for aspiring entrepreneurs. As the CEO of Alchemative, Muhammad Umar has played a crucial role in shaping the organization’s current position and shares the plans for the organization, attracting the top-talents in the team, and encouraging innovation at every step of their functioning.
One of the questions Umar Rana was asked was “Can you share key milestones and turning points in your journey as an industry leader or entrepreneur?”
The founder of Alchemative replied “There are a couple of milestones which I consider turning points in my journey as an industry leader or entrepreneur. One significant milestone occurred in 2015 when I found myself struggling to build my business without a background in business, finance, marketing, or sales. It was a challenging time, and I felt overwhelmed by the knowledge and skills required to succeed in these areas. In search of a solution, I turned to reading business books, which have always been my salvation. Through these books, I began to realize that I didn’t necessarily need to possess all the knowledge and expertise myself. Instead, I could leverage the talents and skills of others by hiring or partnering with the right people.
This realization was a game-changer for me. It gave me the confidence to move forward with my business, knowing that I didn’t have to be an expert in every aspect of running a company. Instead, I could focus on my strengths and rely on the expertise of others to fill in the gaps.”
He added, “Another significant turning point occurred in 2016 when a challenge was shared with us to create a business intelligence (BI) solution. At the time, I had no prior experience with BI, and it would have been easy to shy away from the opportunity. However, I had full confidence in my team’s ability to figure it out, and I knew that we couldn’t pass up on such a valuable opportunity for growth.
These milestones taught me valuable lessons about the power of collaboration, leveraging the strengths of others, and embracing new challenges. They have shaped my journey as an entrepreneur and industry leader, reminding me that success is not solely dependent on individual expertise, but rather on the ability to build a strong team and adapt to new opportunities.”
There were other questions and interesting replies. So much interesting information you can learn from.
