In business, how do you balance seizing opportunities quickly, without risking failure?
From Dubai to California, you hear the popular chant of “move fast and break things”. They don’t show you the graveyard of businesses that operated with that mentality – Zuck could do it, but the rest have moved fast and broken their companies (and their people) to pieces.
Rishi has a better approach – drawing from his experiences of founding 4 diversified businesses, has learned the importance of starting small, growing gradually, and prioritizing quality before chasing rapid scalability. And he’s managed to this is in the toughest of industries (sustainability and renewable energy), in two separate regions (Middle East and Africa).
This philosophy is evident in his successful venture, FIKA Mobility, which offers innovative electric vehicles (EVs) powered by efficient battery swapping technology reducing the cost and speed of recharging EVs.
In this episode of EO Series of the My First Business Podcast, Rishi and I discussed about:
🤑 The greed that plagues some entrepreneurs (the pie is big enough!)
🤝 Best way of retaining people (how to have generational employees)
💖 Transparency, empathy and vulnerability with employees
🏇 Betting on yourself
✍️ Lessons learned from his entrepreneurial family (his father, mother, brother, aunts & uncles)
🛵 Investing in a e-motorbike business in Kenya
🏗️ Starting small and taking calculated risks
⚡ Balancing iteration speed and perfectionism
Now, my dear audience, the one main reason you should listen to this episode is solely because of Rishi’s captivating storytelling – he was so humble throughout the conversation, that I couldn’t tell I was sitting with boss of all bosses, and his warmth is something that will be sure to light up your day.
Where to find the podcast:
▶️ YouTube
🎙 Spotify
🎙 Apple Podcasts
🎙 Google Podcast
Where to find Rishi:
💼 LinkedIn
📸 Instagram
🌐 Business Website – FiKA Mobility
🌐 Business Website – LEME Lighting
🌐 Business Website – WaterWise Car Washing
Where to find me:
📸 IG: @the.naeem.parvez
📸 IG: @myfirstbusinesspodcast
💼 LinkedIn
🖥 Website
This episode is brought to you by Entrepreneur’s Organization – U.A.E.
EO U.A.E. is a community which provides an effective platform for networking, education, and support to business owners and entrepreneurs in the country.
Established in 1997, the organization currently has 119 members from a wide range of industries, including technology, healthcare, oil & gas, real estate, hospitality, jewelry, communications, logistics, travel, and more.
With an economy that changes on a dime, it can be hard to know what your next move should be. That’s where EO comes in with their support.
Being a member of EO UAE provides access to:
-workshops
-social events
-learning opportunities
-networking
-learning from experts in different types of field
The organization also offers a mentorship program that pairs members with experienced business leaders who can provide guidance and support as they grow their businesses.
So if you are a business owner, tired of taking on your challenges all alone and are looking for unique networking opportunities along with structured support through accountability groups and mentors, this community is for you.
To learn more on how to become a member, visit https://eodubai.com/ or reach out to EO UAE Administrator admin@eodubai.com.
Details about the EO membership:
https://eodubai.com/member-benefits-new/apply-for-membership-new/
