Wednesday, July 6, 2022

Interview with Asif Zamir, Business Consultant and Entrepreneur

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1- Hello Asif , can you please tell us a bit about yourself?
I was born in Guyana, South America in 1979, and moved to Toronto Ontario with in the early 80s. I started working early in life – around age 6 to help support my family and earn money for school supplies and field trips. I spent several years employed by established companies and several years self-employed before I was 15 years old.
At age 15, I dropped out of high school and started my own business consulting company — partially because I was feeling burnt out and limited working in factories, delivering flyers and doing construction, but mostly because I was dirt poor for the majority of my life, and wanted to take a chance at doing something more.

2- what are your business focus areas and why?
I’m a small business consultant, I work with around 530 small businesses ranging from hair salons to hot air balloon rides to luxury tree house builders, I help them start, grow and hopefully succeed. If they are failing I help them fail and shut down gracefully. I do this because I love it, it pays well and I’m good at it.

3- How do you describe your Entrepreneur journey in few words?
I love it.

4- Where do you think you are making an impact?
I give away a large portion of my earnings to charitable projects that mean a lot to me. It’s slightly different each time but helping the homeless, single parents, overseas projects involving orphans, it’s different each time.

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5- What are some things that most people don’t know about your journey?
I grew up dirt poor. I mean really dirt poor. In high school, my backpack was a plastic grocery bag and my shoes were always too small and worn out at the bottom.

6- The Business Consulting industry is very changing, where do you see yourself in the next 5 years?
I’d like to be semi-retired from business consulting within 5 years. I’ve been working towards building up my asset base in real estate and other stable ventures.

7- What were some of the biggest challenges you encountered while working as a business consultant?
Saying no to projects I hated. You know when you’re starting out you don’t have the option of saying no. So I took on projects for the money, which is a huge no-no. Because of this, I ended up miserable and totally stressed out. Now I just say no to a project if I don’t like it or if I don’t like the person I’ll be working with. I miss out on the possible payout but my stress is lower and I’m happier for it.

8- What are you most excited about at the moment?
Reaching and surpassing many (not all) of my goals. I have a lot of goals and after almost 20 years of working with them, it’s nice to see them come to pass finally.

9- What can you tell to young people who are pursuing their dreams?
I get asked this often and this would be it: Stay out of trouble. I see young people getting involved in drugs, booze and a party lifestyle that leads to failure. It’s so hard to build a business if you also need rehab. It’s hard to save up money if you have to pay child support to 4 different women or if you have 4 babies from 4 different men. You know what I mean?

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10- The last Word or final thoughts?
Let your friends party while you work hard. You’ll retire rich 20 years sooner than them and you’ll get to party everyday.


To know more about Asif visit his website at www.asifzamir.com

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Noelle Elia
Noelle Elia
is a Financial analyst at PSPC. Graduated from Telfer School of Management, Finance/Accounting with interest to Entrepreneurship and New Media.
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