{"id":620042,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/14\/meet-our-founder-of-the-week-harvest-holdings-ceo-ahmed-habib\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"meet-our-founder-of-the-week-harvest-holdings-ceo-ahmed-habib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/14\/meet-our-founder-of-the-week-harvest-holdings-ceo-ahmed-habib\/","title":{"rendered":"Meet our founder of the week: Harvest Holdings CEO Ahmed Habib"},"content":{"rendered":"

OUR FOUNDER OF THE WEEK<\/strong>- Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Ahmed Habib (LinkedIn<\/a>), CEO and president of Edrak and Harvest Holdings. <\/p>\n

My name is Ahmed Habib and I\u2019m the president and CEO of <\/strong>Edrak<\/a><\/strong> and <\/strong>Harvest Holdings<\/a><\/strong>.<\/strong> I studied finance and information systems at George Washington University and supply chain management at The University of Tennessee. I got my first job working closely with a CEO. I was only there for a few weeks before I openly disagreed with his strategy \u2014 and was asked not to come back to the office. Afterward, I started working at Knight Transportation<\/a>. I didn\u2019t know it at the time, but those first few years greatly shaped the core values that I have taken with me throughout my career. <\/p>\n

I always knew I wanted to be an entrepreneur<\/strong>, so when I was given the chance to grow into a managerial position, I politely declined and decided to pursue entrepreneurship. I tried to start my own business \u2014 and failed a few times before the ball finally started rolling with TKG (Turn Key Group), a hotel furnishing company that I started with my partner.<\/p>\n

From there, we began to diversify.<\/strong> We went into architecture, interior design, and construction, before exiting the industry in 2013. I had become fond of the startup concept, and that is when Harvest Holdings was born. I co-founded it as an investment vehicle with family members with the intention to support founders that had a promising vision, across different industries. We provided the know-how and the financial investments that they needed to pursue their project. <\/p>\n

My entrance into the family entertainment industry happened in 2018<\/strong> with a full acquisition of Edrak, the entertainment management company that owns the rights to Kidzania<\/a>. Little did we know that covid-19 would soon hit and the plan would change completely. <\/p>\n

We took a huge, but calculated risk.<\/strong> I knew that parents would be exhausted and looking for a fun educational venue to take their kids when the pandemic calmed down. So we created a partnership and began construction for another family entertainment brand: Kids Station<\/a>, which was initially founded by Maged Khater. I remember being called crazy, but it worked out to our advantage. By the time places started reopening after covid-19, we had two locations ready for operation. <\/p>\n

Our family entertainment brands continued to grow from there<\/strong> with Kimet<\/a>, Nutty Scientists<\/a>, and Sky Park<\/a>. We have other brands in different industries, such as Daily Bloom<\/a> and Cottonball<\/a>. If it were up to me, I\u2019d probably found one or two brands a year. <\/p>\n

Figuring out what I needed to do wasn\u2019t a smooth journey. <\/strong>I went through rounds and rounds of trial and error with help from great mentors along the way. I think experience is the number one thing you learn from people who are ahead of you. There\u2019s a quote I\u2019ve always believed in: \u201cHard work beats intelligence and experience beats both.\u201d As long as you have a solid plan and ask the right questions, they will be more than happy to help. <\/p>\n

I seek support from my team, which wasn\u2019t easy for me to do.<\/strong> I used to work 14-16 hour days, six days a week, wanting to do everything myself. That\u2019s not practical. I hire people who follow the same values I do. I hire people who are incredible at what they do. They are better than me in their field and that\u2019s why I need to trust them if I want my business to prosper. I have my business partners, who are also my family, to thank: Zena Sallam and Nazih Sallam. The trust and investment they put into Harvest Holdings is a major pillar that pushed it to success. <\/p>\n

I promote disagreement within my organizations. <\/strong>We are used to living in a hierarchical, rule-based society and I believe that structure could sink a business. If you shoot down a bad idea, you\u2019re ruining the possibility of getting an incredible idea later on. As a leader, I need to give people the courage to suggest their ideas. I would often even suggest stupid ideas to encourage the team to disagree with me. We need all minds to be actively engaged. <\/p>\n

We\u2019ve faced so many bumps in the road, especially since covid-19.<\/strong> One of the biggest challenges is the current macroeconomic climate and the rising inflation rate. What I\u2019ve learned is that you need to be flexible. If you\u2019re rigid, you\u2019ll break. We\u2019ve been adapting through it and being as resilient as we can. <\/p>\n

The hardest part about our business in specific is the huge responsibility that comes<\/strong> with it.<\/strong> You have parents trusting you with their kids, we have to be able to live up to that responsibility and be as conscious as possible. <\/p>\n

It\u2019s also very rewarding. <\/strong>When someone asks what we do, I love to say, \u201cWe\u2019re in the business of unforgettable memories,\u201d because we truly are. <\/p>\n

Am I successful? I don\u2019t think I know the definition of success.<\/strong> I am able to provide for myself and others \u2014 is that success? I can lay my head on my pillow and sleep comfortably at night. That\u2019s success. But in terms of what the world deems as success, I don\u2019t think I am. I\u2019m capable of and responsible for doing so much more than what I\u2019ve done. I just hope when it\u2019s my time, someone looks back and says it was a success. But until then, it's a work in progress. <\/p>\n

I have this vision that I would love to bring to life within the next five years. <\/strong>I look up to Walt Disney, so if I\u2019m still in this industry, I would want to create a value-adding entertainment world that fits into and highlights our rich Middle Eastern culture. I have no idea how I\u2019m going to achieve that but I believe life works 99% through God\u2019s grace and 1% through hard work. But I\u2019ll be working hard every day. <\/p>\n

Advice I have for young entrepreneurs that I wish I knew earlier:<\/strong> Any business owner needs to embrace the challenges. There\u2019s no way except through it. You need to learn to tone down your ego and get in tune with yourself. It\u2019ll be smoother that way. <\/p>\n","protected":false},"excerpt":{"rendered":"

As a founder of many brands himself, Ahmed Habib started Harvest Holdings as an investing company that supports founders with promising visions<\/p>\n","protected":false},"author":1,"featured_media":620043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7357],"tags":[633,1530,8590],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-founder-of-the-week","tag-enterprisepm","tag-founder-of-the-week","tag-harvest-holdings","wpautop","entry"],"acf":{"mongo_id":"6b9ddbed-e69c-4b4e-8cdc-f334a6ca66b1","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/656.jpg","photo_position":"above","homepage_title":"Founder of the week: Ahmed Habib, Harvest Holdings CEO","full_issue_title":"","related_issue":[620026],"teaser":"As a founder of many brands himself, Ahmed Habib started Harvest Holdings as an investing company that supports founders with promising visions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.96609e4e-552a-44d8-bc9c-c6d4f90d4b63.mp3"},"yoast_head":"\nMeet our founder of the week: Harvest Holdings CEO Ahmed Habib - 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TAQA\u2019s revenues grew 33% y-o-y during the quarter. ERC set to come online in 4Q2019: The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572663,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/qalaa-holdings-reports-1q2020-results\/","url_meta":{"origin":620042,"position":1},"title":"Qalaa Holdings reports 1Q2020 results","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues soared 191% y-o-y in 1Q2020 to EGP 10.4 bn, the company said in its quarterly earnings release (pdf). The revenue growth came as Qalaa\u2019s flagship greenfield Egyptian Refining Company \u2014 which began operating at 100% capacity in 2019 \u2014 began booking sales revenue as an\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551657,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/meet-our-founder-of-the-week-moneyfellows-founder-and-ceo-ahmed-wadi\/","url_meta":{"origin":620042,"position":2},"title":"Meet our founder of the week: MoneyFellows founder and CEO Ahmed Wadi","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK - Ahmed Wadi, founder and CEO of MoneyFellows (LinkedIn).My name is Ahmed Wadi, and I\u2019m the CEO and founder of MoneyFellows. The idea of MoneyFellows came to me back in 2016, when I was in Germany and trying to save money and get access to\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587156,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/eaef-al-ahly-capital-invest-egp-250-mn-in-dawi-clinics\/","url_meta":{"origin":620042,"position":3},"title":"EAEF, Al Ahly Capital invest EGP 250 mn in Dawi Clinics","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"Dawi wants to open 10 new branches annually for a total of 30","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552069,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/meet-our-founder-of-the-week-ahmed-mahmoud-co-founder-and-ceo-of-dxwand\/","url_meta":{"origin":620042,"position":4},"title":"Meet our founder of the week: Ahmed Mahmoud, co-founder and CEO of DXwand","author":"enterpriseam admin","date":"9 August 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Ahmed Mahmoud, Co-founder, and CEO of DXwand (LinkedIn).My name is Ahmed Mahmoud and I am the CEO and co-founder of DXwand. I\u2019ve been working in tech for 19 years. I studied computer engineering at Ain Shams University and knew that I wanted to be an\u2026","rel":"","context":"In "Founder of the Week"","block_context":{"text":"Founder of the Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/founder-of-the-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/515.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554247,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/qalaa-looking-at-africa-says-erc-still-in-talks-on-debt-restructuring\/","url_meta":{"origin":620042,"position":5},"title":"Qalaa looking at Africa, says ERC still in talks on debt restructuring","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"Qalaa Holdings is looking to expand its investments in African mining and energy firms, including in Tanzania, Mozambique and Ghana, Qalaa Chairman and Founder Ahmed Heikal told CNBC on Thursday. Qalaa will look to gradually increase its investments in Africa, which currently stand at USD 500 mn, Heikal said. 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