Ali Mayar – CEO, Platinum Rapid Funding Group

Ali Mayar is the CEO of Platinum Rapid Funding Group, and is one of the more established figures in the merchant cash advance industry.

Outside of your job, what are some things that you love?

Well, as alluded to in the question, I do enjoy my job immensely. Besides that however, I really do love spending time with family and friends. I am aware that particular answer is generic in nature, and might not be phenomenally different than the answer of someone who isn’t an entrepreneur, but something that I have learned throughout the years of running a successful company is that you have to take time to spend with friends and family. If you don’t, you will burn out quickly and even potentially build walls around those you love. It is essential to do this, but I love it regardless.

What have been your aspirations in life?

My aspirations have always revolved around one universal concept, which ends up affecting many different facets of life anyways. That is, making sure that I am working my hardest to help others. At Platinum Rapid Funding Group we help other businesses reach their potential. By helping companies take off I feel like I am contributing a valuable resource to all different types of industries. In turn, doing this job also helps me mentor the employees around me, which has always been an extraordinary experience. It may sound simple, but just being able to help those around me reach the potential that has been set for them is something I’ve always reached towards.

What is the best piece of advice you ever received, business or not?

In order to be successful, you need to surround yourself with the best possible team you can. If you think you can run a successful company with nothing more than your idea plus bodies, you will fail very quickly. There is nothing more important than having people that have talents in areas you don’t, and additionally will challenge you and your ideas in order to come out with the best possible solution for your business, and your clients. As they say, iron sharpens the iron.

What do you wish you knew before starting your business?

That it was going to work and be successful. I think one of the hardest parts about starting your own business is the uncertainty that looms around every corner. In order to push through and reach the success you are looking for, there is no room for doubt within your mind. But with this said, there are times where you take risks, and how much easier would it be to take risks knowing the future? I’ve been fortunate, where many of my calculated risks have paid off, but I won’t deny that it certainly would have been nice to know them ahead of time!