Multiple factors lead to success, the most important factor that entrepreneurs should consider is ensuring that they take notes from the people who began business before them. Hussain Sajwani is among the individuals who the young investors can look up to, to learn the secrets of a successful business venture.
Hussain Sajwani is the owner of the DAMAC Properties. It is the leading firm in the development of commercial and private properties. The firm was founded in 2002. Since its foundation, the firm has provided over 20000 families with settlements.
The DAMAC owner was born in an entrepreneurship family. His father had a store where he specialized in the sale of watches and pens. He saw his father struggling to survive in the business world when he was very young. He learned that an investor needs to sacrifice a lot to come out victorious. On the other hand, his mother supplied the local women with fabric to compliment his husband’s income.
When Sajwani became of age, his father wanted him to inherit the family business, but he rejected the offer because he felt he was built for something bigger. After his University education, he began a catering venture. In the 1990’s, he realized that the population of Dubai was inflating. This was a result of the numerous business people who came to conduct business in Emirates. With the little he had, he built few apartments in the suburbs and later expanded and built modern hotels in the urban areas.
In 2002, Sajwani realized that the real estate business had great potential in the market and founded the DAMAC Company which has been a success. One of the factors contributing to the success of the business is the significant business partnerships that he has. Donald Trump has been Sajwani’s partner since the development of theTrump International Golf Club.
There have been many questions arising from the fact that Trump is joining the Presidential office and he has promised not to do any personal deals in office. However, Sajwani is confident that their business relationships will not be affected because Trump’s children are much involved in the business.
Besides being a successful business person, Sajwani is passionate about helping the needy in the community. He recently contributed AED two million to help clothe needy children around the world.