Dyar Al-Ashtari didn’t just settle for dreaming of becoming a millionaire one day. He got to work and made his dream a reality. And at the tender of age of 23, he’s now worth of 27 million Norwegian Krones (which is equivalent to 3 million in US dollars).
The Road to Success
When he was only 13 years old, Al-Ashtari started his first business from his bedroom. Four years later, Al-Ashtari and his partner launched a digital firm, PivotFlow LLC, that specializes in search engine optimization, website development, and content creation.
Like many startup founders, they struggled to get the business off the ground. But instead of giving up, the duo decided to focus on the few aspects of their operation that were working.
“We kept replicating and scaling whatever we did to make the first few dollars,” Al-Ashtari said. And they didn’t stop there. In fact, the duo ramped up operations by investing every dollar earned back into the business. “We hired amazing people once we had enough profits to pay salaries, to help us scale and grow even more.”
And to celebrate some pretty big wins, he even bought himself a Ferrari.
Fast forward to the present and PivotFlow LLC is still going strong, to the tune of x in annual revenues and x in annual profits.
Al-Ashtari’s Advice for Young Entrepreneurs
Whether you’re a young entrepreneur just starting out or are seriously considering starting a business, Al-Ashtari has a few nuggets of wisdom for you:
- Take time off when you’re exhausted.
When you’re drained both mentally and physically, productivity dwindles. And oftentimes, you’ll find yourself struggling to focus and spinning your wheels without getting very much done.
“Working during exhaustion is a recipe for disaster. You will be wasting more time doing nothing than actually relaxing and clearing your mind,” Al-Ashtari adds.
A better idea: take some time off to recharge. It could be a few days, a week, or even a month. What’s most important is that you unwind and rejuvenate so you can come back refreshed, laser-focused, and ready to hit the ground running.
- Measure success by growth and customer feedback, not by revenue.
Some entrepreneurs get discouraged by low profits, but this is a big mistake. If you grow your company from $100/month to $200/month, that’s a 100% increase. Look at the positive sides of it, as you can replicate this process and grow your profits down the line. This will keep the grind in you flowing.
Ultimately, entrepreneurship is a marathon, not a sprint. It’s nothing wrong with expecting large profit margins, but it may take some time for those projections to materialize. So, Al-Sharti believes it’s best to hone in on your end user’s specific needs and tailor your offerings to garner their attention and provide unique solutions to their problems. And in due time, you’ll reach your income goals.
- Embrace your mistakes instead of avoiding them.
While costly mistakes are often perceived as failures, Al-Ashtari views them in a different light. He believes mistakes teach valuable lessons that you will carry with you for the rest of your life. “If you do not get exposed to mistakes, you will most likely never learn from them. No person is perfect, so no one expects you to be either.”
And as Thomas Edison once said, “I have not failed. I’ve just found 10,000 ways that won’t work.” So, take each stumbling block or failure as an opportunity to step back and refine your processes, and keep moving forward.
- If you can, try to bring on a partner you trust one-hundred percent.
Dividing work between two people will make your life easier, especially when first starting out. Al-Ashtari has had a partner since day one, and they still work very closely on major projects.
“It is possible creating a business all by your own, and I have previously, but I would recommend having a partner you trust by your side when you first start. It is the best feeling in the world when you both achieve your goals, as you have someone to share the success with,” says Al-Ashtari.
- Solid leadership skills are essential if you want to become a successful CEO.
All it takes is starting your own company and hiring a few employees to call yourself a CEO. But if you really want to transcend your business to new heights, solid leadership skills are non-negotiable.
“There’s a difference between a leader and a boss. To be the best CEO possible, it is important to lead by example and be hands-on with your employees whenever possible.”
What’s Next For Al-Ashtari?
With six years of entrepreneurial experience under his belt, Al-Ashtari now has his sights set on two new ventures: ice cream and real estate. But this time around, he can use some of the lessons learned while building his first venture to attain success even faster.
He’s also working on bringing some of the US-exclusive mobile applications to Scandinavia, where he currently resides.
Al-Ashtari’s keys to success: mindset and dedication. “It sounds really simple, but it’s literally all about your mindset and commitment. If you can stay the course, you will be surprised what you are capable of achieving.”
And who knows? Maybe you can buy our own Ferrari and start living your dream life much sooner than you think.
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