Hussain Sajwani is a pioneer, a leader, and a great businessman. He currently is the chairman and founder of DAMAC Properties, a global property development company. DAMAC Properties has grown into a very large and successful international corporation. However, it is not Sajwani’s first successful business.
In fact, a few years after graduating from the University of Washington, Sajwani launched a catering business in 1982. This business scaled quickly and currently serves over 150,000 meals daily across several different continents.
For his successes with DAMAC Properties and his catering business, Hussain Sajwani is frequently listed as one of the most 100 influential Arabs. Like his catering business, DAMAC Properties also scaled very quickly. DAMAC Properties has delivered over 17,900 homes and has a development portfolio of 44,000 units. Sajwani’s companies have been able to achieve such great success largely because of Sajwani’s entrepreneurial skill and his ability to recognize opportunities and capitalize on them.
Sajwani also works extremely hard. In fact, in a typical day, Sajwani will meet with members of his management team, get updated on his businesses, meet with partners and members of the business community to expand and maintain his network, and handle a wide variety of other assorted business tasks. However, he also makes sure to spend time with his family every day in order to maintain a solid work/life balance.
When it comes to generating his business ideas, Sajwani takes a very interesting approach. He tries to imagine what a particular market will look like in ten or twenty years. Then he crafts a business strategy around this vision which will position his business well. Next, he works tirelessly and without fear to try to make his business succeed. So far, this strategy has been incredibly successful.
Social media is one thing that Sajwani currently finds very exciting. The ever-growing trend of social media is creating marketing opportunities that have never existed before. Sajwani likes the fact that with social media, communication between businesses, consumers, governments, employees, and other relevant parties is continuous and dynamic. Sajwani now focuses much of his advertising strategies around social media for his businesses. So far, it has been paying off handsomely.
In order to increase his productivity, Hussain Sajwani prefers to travel. He believes that travelling allows him to expand his horizons and to see things from different angles. He also likes to study history. Sajwani correctly notes that there are many lessons that can be learned from history. So, for Sajwani, being productive is not just about working hard, it is also about expanding your mind and building a better perspective.
Despite the fact that Sajwani is now the DAMAC owner, he did not always have great jobs. In fact, right when he left college, he worked in the finance department of a large company. Sajwani was not particularly fond of this job. However, while he carried out his work processing contracts at this job, he realized that he could make a lot of money if he had his own company in the services industry. So, it was at this job that he got the inspiration for his catering company. Therefore, Sajwani considers this job very relevant for his overall development.
In order for other entrepreneurs to grow and succeed, Sajwani recommends learning from failures, and always developing new skills. He also recommends setting goals and striving to meet those goals. Having goals helps people to be more organized and to aim for a definitive point. This can help business people to be more efficient. Sajwani is also a big advocate for empowering employees and delegating. He believes that people perform better when they are given the space to do what they do best. As DAMAC owner, he has found this approach to be extremely successful.
In terms of great business opportunities, Hussain Sajwani believes that there is always great potential in real estate investments in popular cities. He believes that the short-term ups and downs of real estate prices do not matter that much in such places because in the long-term, property values tend to go up.
As an illustration of this point, Sajwani recently bought a book of photography for the city of Dubai from 50 years ago. The skyline in Dubai has changed enormously in the last fifty years, and it just goes to show how holding real property in growing cities can result in enormous gains.
Sajwani is also an advocate of using newsfeed services to stay informed about current events. After all, current events often help to shape business opportunities in a highly significant way. Sajwani also believes that it is important for business leaders to follow the advice of Jack Welch, former Chairman and CEO of GE, which is that “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
Aspiring entrepreneurs can learn a lot from Hussain Sajwani. Sajwani is a genuine role model for all who want to have high levels of business success.