Published on September 7th, 2018 | by Chad T.0
Catching Up With Ali Mayar, CEO of Platinum Rapid Funding Group
Ever since Ali Habib Mayar made his career switch from the corporate security world to alternative financing, he’s found nothing but success along the way. In 2012 he founded Platinum Rapid Funding Group and offers funding solutions for small businesses across the U.S.
The company, which focuses on Merchant Cash Advances (MCA), works with a number of industries like retailers as well as the restaurant industry. Recently, we sat down with Mayar to see how much life has changed since we last spoke with him. In the last three years, Mayar has seen his company and staff grow immensely. He’s incredibly excited to continue this growth and see where the future of his industry is headed.
What Do You Do In Your Spare Time?
I read quite a bit, especially if I’m traveling somewhere. One book that I’ve been enjoying recently is Heligoland. It’s a history book that details the long-standing disagreement between Britain and Germany over a small bit of land in the North Sea. So far it’s fascinating as it’s a piece of history I knew nothing about. Books like that always peak my interest because they reveal a lot about humans and cultures.
What’s Your Favorite Type Of Food?
I will never say no to great Mexican food. I don’t think it’s given enough credit, but I have seen a surge in classic chefs starting to introduce it into their restaurants now. There’s a lot of great flavors that are a part of Mexican cuisine, some of which I’m trying to incorporate into my own cooking.
What Can You Look Forward To In The Future?
I’m looking forward to the continued growth of Platinum Rapid Funding. People are catching on quickly to MCAs and the power they hold. Being an entrepreneur and business owner can be rough at times, but it’s always worth it. I’m excited to help even more people reach their goals!
What’s One Thing You’ve Learned Since You Started Your Career?
I learned a really valuable lesson after starting my business and it’s this; hiring the right people for your team is crucial. And also having the right company culture in place can make or break your business.
You need to think hard about who you feel will contribute to your organization. Hiring is difficult for employers and organizing the right team is even more so. But I’ve learned over time how to hire the best and brightest to join us. I feel our training process is top-notch, which means my employees are enabled to receive the skills they need to do well.
What’s One Piece Of Advice You Can Share With Others?
Speak up when you have ideas. You might think they are unimportant but your voice matters whether or not you’re in a professional setting. It shows that you have initiative and that you’re willing to collaborate with others. So don’t be afraid to throw them out there. Those same ideas just might be your ticket to leading a project of your own.