Page 17 - Millenial Finomics Issue 1

the expired products had to be taught you anything is to ask “My third major project was

disposed of, which must have a successful in his field, so risking both profits I had
yielded loss. “Because it was his words were nothing but a from Egypuppy and Mokai to

closed for six months, the source of optimism to fellow start the business of motor-

food industry is what was af- entrepreneurs, businesses, and cycles known Bikology. After

fected the most, and it was newly launched start-ups (that five years of having business-

very devastating. I have six were lucky enough to survive es, I risked all the profits to

branches of Mokai, with the pandemic) will catch up with open the biggest showroom

more than 680 employees the pace of recovery. in Egypt, and still, I did the
who required salaries without same with Bekky Barber. I

any income from their jobs. In light of COVID 19, there opened in old malls, that’s

We used all the reserves of have been many risks of busi- another risk, but I signed an

the company to cover-up”. nesses shutting down; Mr. Ala- exclusive contract in Al Fu-

Mr. Aladin also mentioned that din was asked to share risks that ttaim Malls and took it as a

few stockings in Egypuppy and he took in life away from the trial, and I believed it would

the other companies got affect- pandemic and how he overcame work after a huge risk,” he

ed as well, even the slightest, out the trouble what the strategies stated. Based on his words, it’s

of the products’ expiry. he used were. “I have always safe to conclude that risk comes
Mahmoud Aladin further men- faced risks, all the entrepre- hand in hand with being an en-

tioned that the drive was going neurs are usually risk-takers, trepreneur, which is a fascinat-

back uphill and things gradually and all my life has been pend- , that was built in a high-risk ing tie between a relatively pos-

started to improve with recov- ing on risks,” he continued, “I area.” itive job and a possibly-negative

ery taking over along with the risked everything at the be- Mokai was first to open in an action. After discussing the risks

pandemic’s current status, “It ginning to open Egypuppy extension of New Cairo in Mr. Aladin took in his favor,

was like half-load stress was to the extent that I sold my Concord Plaza when the area he was asked about other pas-
off because we were open- car and my motorcycle and was dead, and not a lot of peo- sions besides entrepreneurship.

ing up again, and working. all my savings. And I gam- ple were based there. Hence, As sources have it, he makes

Instead of six or eight hours, bled everything that I own, no traffic existed at the time to a distinctive educator. To no

the shops started to open for and I gambled because I drive customers to the site, but surprise, his answer approved,

12 hours and fourteen, start- believed that this project is Mr. Aladin also said that he had “That is a great passion for

ing to pick up again. I believe going to boom and will have a vision for that area, which is me because I can explain in

the situation is getting back great success; two years after, now known for having all the detail and give people exam-

on track” was precisely what I risked the profit itself and fancy projects such as Mokai ples of everything and lead

Mr. Aladin said, and if life sold my house to open Mokai and a whole lotof cash pockets. them.”

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