22 Jun Meet the Entrepreneur: Fuad from Dluxdays
Tell us more about your business:
Dluxdays is a website/app in which customers can become members to get exclusive promotions from high-end brands on the special days in their lives such as anniversaries, birthdays, graduations etc.
Currently, high-end brands/retailers offer promotions mainly during the following times of year;
- Seasonal discounts –when their new collection comes in and they offer promotions on their old stock
- On national celebrations such as Christmas, Black Friday etc.
Dluxdays allows high-end brands/retailers to offer promotions on the personal special days of their customers via a centralised platform. This allows them to create personalized shopping experience; building a strong relationship with customers by resonating with them on a personal level and thus increasing their loyalty.
How has your business grown over the past few years?
We have recently launched our beta platform and we have made agreements with a number of major online luxury/fashion retailers across Europe and the US. We currently have more than 5,000 members, which are only based on referrals. We hope to launch a massive advertising campaigns in the coming weeks to spread the word even further.
What would you say are the top three skills needed to be a successful entrepreneur?
1) Faster execution and the correct form of delegation are the main ones: Most of the time, people spend more time thinking about the ways of doing things and about the potential outcomes of a task rather than sitting and doing it. You should be able to keep balance between the time you spend on thinking about a task or solution, and the time you spend on taking action and implementing it. If you feel that you are not the right one to do that specific task, don’t spend time on finding out how to do…delegate it to the right person right away. If you don’t have the right person in your team, then outsource it.
2) Creative problem solving: There’s not a single problem that cannot be solved in this life. All problems are actually opportunities for improvement. If you see a problem, then you are lucky that you saw this problem now rather than later. If you experience this problem earlier than your competitors, it is even better, because by solving it earlier than your competitors, your business will be way ahead of the competition.
3) Persistence: When I say persistence, I don’t mean persisting on doing a specific thing that doesn’t work or will never work. You need to be persistence towards your end goal. No matter how you reach it, the important thing is that you reach it. Everyone, who wants to be a successful entrepreneur, needs to understand that all businesses have endless ways to succeed, and you need to trust yourself more than the strategy you are implementing for your business right now. A good driver is more important than the model of a car.
If you had the chance to start your career over again, what would you do differently?
There is always a chance to start your career again. I would still be an entrepreneur but I wouldn’t make the same mistakes which I have already made.For example, I wouldn’t start up so many different businesses all at the same time. Instead I would give all my focus to only one business until it scales. This is something I finally understood after years trying to make several business’ work.
Describe/outline your typical day?
Waking up at or around 7am, I start my day with 20 mins meditation. Reaching the office at or around 9am, I then open my ‘Trello’ account (where I put all my tasks) and start doing the things which require creativity and then move on to other tasks. I constantly remind myself that I am not here to check my Facebook or watch videos on YouTube etc. and I try my best to be productive for the full day. When I feel tired, I head to the gym to do some cardio. I work until 8pm or 9 pm (sometimes 10pm) and then return home.
Who has been your greatest inspiration?
It always changes…currently Elon Musk is my greatest inspiration
What is your favourite aspect of being an entrepreneur?
The best aspect of being an entrepreneur is that YOU steer your own ship, and the worst aspect is that you steer your OWN ship.
In one word, characterize your life as an entrepreneur…
What’s life like in the GEC? What benefits are there to being part of our Community?
There are many benefits:
- GEC is very well recognised in Ireland and it gives credibility to the businesses which are located in here.
- There is a very friendly atmosphere and all staff are very helpful
- It has all the amenities that a business mayneed.
What are your hobbies? What do you do in your non-work time?
1) Beat-boxing and playing in guitar. Here is a quick video of my hobby from my young times
2) Reading self-development books and watching videos in the same character
3) Meeting with friends
Where you see yourself and your business in 10 years? 20 years?
On the Forbes billionaires list 🙂
Contact Fuad directly by email for more information