My Worst Investment Ever Podcast

Mohammed Aneez – Learn Leadership Qualities and Build the Right Team


Listen Later

BIO: Mohammed Aneez is a multidisciplinary designer and has been Co-founder and Design Director at Emnicent Designs.

STORY: Mohammed co-founded a design studio with three friends from college. Even though the company was profitable, the co-founders didn’t have enough entrepreneurial experience to scale the business according to their goals.

LEARNING: Focus on good leadership. Learn from other leaders.

 

“Good leadership will build you a profitable company.”Mohammed Aneez

 

Guest profile

Mohammed Aneez is a multidisciplinary designer and has been Co-founder and Design Director at Emnicent Designs. His expertise lies in product design for enterprise solutions, digital transformation, and usability design for business-to-business (SaaS) products across domains. With cross-domain experience and a veteran of design methodologies, Aneez leads multiple teams in-house and at client locations. He also provides free design consultations for various startups from India.

He believes that creativity and entrepreneurship are skills that are innate in every human being and must be embraced. He likes to indulge in design practices that are experimental.

Worst investment ever

After college, Mohammed and his three friends started a design studio. The four were good designers, but none had business experience. However, they succeeded in running a profitable company. The company was cash-flow positive in under a year and had many projects coming in. Their problem was high demand and low supply at the end of the first year. They didn’t have sufficient designers for the demand.

Due to a lack of entrepreneurial experience, the four were just going by the gist of it. They had zero structure for handling sales, marketing, finance, hiring, etc.

By the end of the first year, one of Mohammed’s co-founders had a family emergency, and he felt getting a job would be better. He was not into the entrepreneurial spirit, so he left the company. At the end of the second year, another co-founder left because he felt the company was more focused on making profits than the initial goal. When the co-founders came together, their goal was to do much more research and drive the design community forward. Now the company was just a design studio that provided services to different companies.

After the second guy left, Mohammed started to think about why he had launched the business. He realized that his lack of leadership skills had made the co-founders and the business generally stray from its initial goal.

Lessons learned
  • Learn leadership qualities and how to ensure that it’s imbibed in the company culture.
  • Learn from other leaders. Get to know how they keep the ball rolling and become great.
  • Focus on building the right team.

Andrew’s takeaways
  • Scaling is very crucial for a company to continue running.

No.1 goal for the next 12 months

Mohammed’s goal for the next 12 months is to learn to be a better leader.

Parting words

 

“You don’t need a lot of people to trust and be around you. Just find that one person who is ready to listen and talk.”Mohammed Aneez

 

[spp-transcript]

 

Connect with Mohammed Aneez
  • LinkedIn
  • Website

Andrew’s books
  • How to Start Building Your Wealth Investing in the Stock Market
  • My Worst Investment Ever
  • 9 Valuation Mistakes and How to Avoid Them
  • Transform Your Business with Dr.Deming’s 14 Points

Andrew’s online programs
  • Valuation Master Class
  • How to Start Building Your Wealth Investing in the Stock Market
  • Finance Made Ridiculously Simple
  • Become a Great Presenter and Increase Your Influence
  • Transform Your Business with Dr. Deming’s 14 Points

Connect with Andrew Stotz:
  • astotz.com
  • LinkedIn
  • Facebook
  • Instagram
  • Twitter
  • YouTube
  • My Worst Investment Ever Podcast

...more
View all episodesView all episodes
Download on the App Store

My Worst Investment Ever PodcastBy Andrew Stotz

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

62 ratings


More shows like My Worst Investment Ever Podcast

View all
WEALTHTRACK by Consuelo Mack

WEALTHTRACK

268 Listeners

Money Tree Investing by Money Tree Investing Podcast

Money Tree Investing

645 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

930 Listeners

Behind the Markets Podcast by Behind the Markets

Behind the Markets Podcast

107 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

428 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

578 Listeners

The Long View by Morningstar

The Long View

852 Listeners

Sound Investing by Paul Merriman

Sound Investing

328 Listeners

Excess Returns by Excess Returns

Excess Returns

66 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,346 Listeners

Risk Parity Radio by Frank Vasquez

Risk Parity Radio

229 Listeners

The Business Brew by Bill Brewster

The Business Brew

245 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

385 Listeners

The Long Term Investor by Peter Lazaroff

The Long Term Investor

131 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

363 Listeners