The Wizard of Netflix: Reed Hastings

Mohannad Al Masre, Chairman of Damsco Group

Adventurous investments everywhere and in all times carry similar risks, except in times of war and the occurrence of natural disasters. In case they succeed, bold and daring decisions might return tremendous gains. But, when they fail, the losses are severe. As Hastings says: “But as an entrepreneur, you have to feel like you can jump out of an airplane because you’re confident that you’ll catch a bird flying by. It’s an act of stupidity, and most entrepreneurs go splat because the bird doesn’t come by, but a few times it does.”

Reed Hastings’ marketing genius and excellent investment insight are well-known in the world of e-commerce. Let’s take a brief look into the pivotal turn of Netflix at the dawn of this millennium, when Hastings failed to sell his company to the “Blockbuster” for 50 million US dollars.

But eventually, Reed Hastings succeeded in transforming Netflix from a company which nobody wanted to buy into a brilliant success that brought him a wealth of 1.6 billion US dollars by 2015.

His flexibility and ability to adapt in a quickly changing environment, in addition to a deep insight into marketing, made him an outstanding inspirational person for young, ambitious entrepreneurs.

The exciting thing in the story of such inspirational people is that when they presented their innovative ideas or projects to others, they were either rejected with unbelief or abandoned with distrust.

Also on Mohannad Al Masre Blog

The Audacious Genius

By Mohannad Al Masre

The list may lengthen if we wish to enumerate Elon Musk’s successes, and if we may put it this way, “dauntless investment”. There is a flow of ambition when he outweighs every expectation. Elon Musk seeks to bring humanity to Mars also referred to as the “Red Planet”, in colonies. In this regard, he contributed 10 million US dollars to one of the scientific research programs to develop artificial intelligence for humanity, along with many investments, donations and charity. Elon Musk, the investment genius is an inspiration and wouldinfluence any businessman who is driven by his ambition to follow in his footsteps.

Musk, is a “revolutionary environmentalist” that has changed the concept of the automotive industry when he launched the first eco-friendly electric car, to inspire the world’s top automakers to replicate the Tesla experience.

His charitabledeeds to the victims of natural disasters anywhere, and his contributions towards research and science programs to better human life deserves a great amount of respect, as he undoubtedly contributed to the development of human civilization.

As Musk says: “If something is important enough, even if the odds are against you, you should still do it.”

The Golden Circle of Simon Oliver Sinek

Mohannad Al Masre, Chairman of Damsco Group

Simon Oliver Sinek brings to us more than mere academic theories that ignite debates and arguments, and influence people from different social groups.

His “Golden Circle” theory is an excellent guide for taking the right decisions and acts in the right time and place, efficient in most fields, including business, investments, and stock exchange.

Sinek’s famous circles consist of three aspects: Motives – Methods – Results (Why – How – What), which reveal the depths of the human personality, and help us fathom essential human needs, to achieve the desired goals.

Some of the most inspiring quotes of Simon Oliver Sinek are:

  • “Achievement happens when we pursue and attain what we want. Success comes when we are in clear pursuit of why we want it.”
  • “What good is an idea if it remains an idea? Try. Experiment. Iterate. Fail. Try again. Change the world.”
  • “Confidence is believing in yourself. Arrogance is telling others you are better than they are. Confidence inspires. Arrogance destroys.”

The Global Software “Superman” Bill Gates

Mohannad Al Masre, Chairman of Damsco Group

Bill Gates’ Microsoft company opened the doors for the informatics to infiltrate every field of work or profession. It made the essential technology accessible for everyone, thus, triggered the beginning of the Internet era.

His vision of “making operating systems and software easier and more entertaining” initiated almost everyone into the technological revolution as software developers.

The achievements of Bill Gates abolished all traditional concepts in the world of business transactions. The automation introduced into the administrative system, paved the way – after decades – for digitalization, which was adopted by many nation-states among which Dubai.

Bill Gates remains an inspiration for generations to come to get them involved in an adventure of unlimited creativity.

Finally, let us recall a quote that most vividly reveals the character of business magnate Bill Gates saying: “As we look ahead into the next century, leaders will be those who empower others.”

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