President and CEO of iAdvance Now, Eddie Hamid, is making waves in the finance world with his client-focused methods. He started iAdvance now because he saw the need for small businesses and startups to have easier access to funds. His experience in the finance, marketing, and insurance industries introduced him to the unique needs that many new businesses and entrepreneurs have. His love of innovation helped him organize a qualified team of finance professionals to help all types of businesses get the funding they need.
Based in New York, iAdvance Now is an alternative finance company that has now become a successful presence in the industry as they help hundreds of clients get the startup capital needed to make their own waves in their respective industries. Hamid and his team at iAdvance Now thrive on helping others find their economic empowerment.
Recently, I was fortunate to have the chance to sit down with Eddie Hamid to discuss what drives him and what advice he has for new entrepreneurs.
Q: What motivates you every day to be a leader in business?
A: Desire motivates me. I have a desire to do everything to the best of my ability. If what I’m producing isn’t good, it isn’t finished. I keep going and put every bit of myself into a project to make it the best it can be. This is how iAdvance Now has become so successful and why clients trust us. They know we won’t stop until the job is done to perfection.
I also have the desire to help my clients have access to the capital they need. My team and I at iAdvance Now do this for the love of helping other businesses succeed. We thrive on seeing a business open or a product enter the market because of us. Many of these people don’t have access to traditional funding and wouldn’t be giving the world their innovation without the funding we set them up with. It’s a good feeling.
Q: Do you watch TV? If so, what are your favorite (business) shows?
A: I’ll be honest, I’m more of a reader. My favorite business books are Think and Grow Rich by Napolean Hill and The Lean Startup by Eric Ries. What I like about both books is the notion of how important mindset is. It’s true, mindset is everything, that’s how I stay driven and focused.
Another book that isn’t tailored towards business but is just as valuable is The Art of War by Sun Tsu. I’d say that this is one of my favorite books of all time. The advice it offers for life and business is invaluable. Not only does it also focus on mindset but it has a strong message of empowerment, which is one of the values I stress for myself, my team, and my clients.
Q: What’s the best business advice you’ve ever received?
A: The best business advice I’ve ever received is what I’ve learned from my mistakes. I haven’t had a lot of advice from other people but I learned a lot by examining my mistakes and seeing how I could do things differently. This has helped push me in the right direction so many times that I am now grateful for the mistakes I made in the beginning. I wouldn’t be where I am without them.
Q: What did you learn from your biggest failure?
A: I learned how hard it is to start. That’s usually when failure happens the most. My failures in starting when I was young came mainly from lack of patience and trying to solve a problem before examining it. As a more mature professional, now I know to take time in seeing all the angles of the problem before finding a solution. This makes things much less stressful, which in turn helps me make better decisions.
Learning how many hoops you must jump through as a new business is exactly what led me to start iAdvance Now so that I can help other people go through less hoops in the funding process, leaving them more time and energy to focus on their product or service. We have been building on that ever since.
Q: Have any advice to share with people just getting started in business or sales?
A: Keep going. There will be hurdles and challenges. You will be exhausted and ready to give up. The stress of starting can eat you alive sometimes. Don’t give in to that. That is all temporary. Keep working hard and be persistent. It will eventually happen but the thing to keep in mind is that the struggle will make you a better entrepreneur, leader, and innovator.
There is power in networking. Never stop networking, even in places you wouldn’t think it would matter. Keep those business cards handy at all times. Keep an eye out for any opportunities or events happening in your city and any neighboring cities.
You’ll never go wrong with hard work. Keep your eye on the prize and do what it takes. It may sound like cliché advice but there is a reason it’s still thrown around. Hard work is the not so easy golden ticket but it’s still a golden ticket.
True words and good advice, Hamid! The hard work they put into iAdvance Now can help you find the funding you need for your business or startup. Find out more at https://www.iadvancenow.com/ or follow them on Facebook and Twitter for more business and lending advice.