Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Rizwan Memon, Founder of Riz International, located in Toronto, ON, Canada.
What's your business, and who are your customers?
Riz International is a financial education firm that empowers individuals worldwide by showing them how to trade and invest in the stock market.
Tell us about yourself.
I was always fascinated by the stock market from a very young age. After starting my trading journey at 16, I spent many years honing my craft. After achieving success in the markets and establishing my track record, I decided to help others navigate and succeed in their trading journey.
After garnering a large following on social media and fantastic positive feedback, it’s a labor of love for me when it comes to helping others achieve their goals.
What's your biggest accomplishment as a business owner?
Growing our reach and helping thousands of people conquer the stock market, no matter where they are from.
What's one of the hardest things that come with being a business owner?
Managing all the core aspects of the business and the more minor details. Whether it’s the actual trading and market education or the marketing, running your own business requires you to wear many hats.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Start your business while you have a primary source of income (job/career). Don’t go all in from the start. Once your company has gotten to the point where it’s providing a sustainable income and has a solid proof of concept, you can consider transitioning out of your job/career.
- Define your niche/category and pursue it ultimately. Scale and grow only once you can service the demand (a good problem to have).
- Delegate and hire the right people, but don’t do it too soon. Keeping costs and expenses in control during the early stages is critical. There is no point in growing costs when the revenue (and thus net profit) is not there to justify it.
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
Turn your craft into recurring revenue with Subkit. Start your subscription offering in minutes and supercharge it with growth levers. Get early access here.