{"id":620615,"date":"2024-05-23T00:00:00","date_gmt":"2024-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/my-morning-routine-hala-riad-lawyer-entrepreneur-and-co-founder-of-hekouky\/"},"modified":"2024-05-23T00:00:00","modified_gmt":"2024-05-23T00:00:00","slug":"my-morning-routine-hala-riad-lawyer-entrepreneur-and-co-founder-of-hekouky","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/my-morning-routine-hala-riad-lawyer-entrepreneur-and-co-founder-of-hekouky\/","title":{"rendered":"My Morning Routine: Hala Riad, lawyer, entrepreneur and co-founder of Hekouky"},"content":{"rendered":"

Hala Riad, lawyer, entrepreneur, and co-founder of Hekouky: <\/strong>Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Hala Riad (LinkedIn<\/a>), lawyer, entrepreneur, and co-founder of Hekouky.<\/p>\n

My name is Hala Riad, lawyer, entrepreneur and co-founder of Hekouky. <\/strong>I\u2019m an avid tech and investment enthusiast with a particular interest in legal tech. On top of that, I\u2019m a lawyer at Tarek Riad & Partners, my family\u2019s law firm that was formerly known as Kosheri, Rashed & Riad Law Firm, and I will soon be a postgraduate student at Columbia and a future startup-friendly investor, slash investment manager.<\/p>\n

A startup wasn\u2019t always on the cards:<\/strong> When I was younger, I really wanted to work in something that provides access to justice to those in need. When we \u2014 my co-founders Mayy, Fatma, and I \u2014 started Hekouky<\/a>, we were sharing posts online to help individuals. For example, what you need to register a trademark or how to start your own company \u2014 but also what can you do if you get assaulted and who to call. After spending time analyzing where the need is, we turned Hekouky into a digital platform where companies are incorporated and entrepreneurs can facilitate their legal and tax needs.<\/p>\n

I read a book called <\/strong>The End of Lawyers<\/a><\/strong> by Cambridge professor Richard Susskind<\/strong>, which underlines that in the next 20 years, most \u2014 if not all \u2014 legal processes will be digitalized and we need to prepare for this. I wanted to be part of that future, so we decided to build technology that automates tax and legal processes to make things easier for young business people and entrepreneurs. Hekouky was able to incorporate companies, provide the contracts required to operate safely and the tax services needed to be in good standing. <\/p>\n

I think that if you believe in justice, you believe in legal tech.<\/strong> Accessibility increases justice and creates a world where individual rights are preserved.<\/p>\n

On being a woman startup founder: <\/strong>Globally, women-run startups receive less than 1% of all VC funding \u2014 the percentage is even less than that in the MENA region. As a woman founder, you know that you\u2019re being underestimated \u2014 I\u2019ve walked into meetings where people have assumed that I am Hala Riad\u2019s secretary. But you can\u2019t give yourself the luxury of focusing on that, you can only be laser focused and avoid looking left or right. I try to remind myself that I carry the strength of my grandmother with me \u2014 she was the first Egyptian woman to get a PhD from Yale Law School and to become a professor at Cairo University. <\/p>\n

The startup community is the nicest place to exist <\/strong>because everyone is in such different sectors and wants to see others succeed. Every time I see the founder of a product I love, I tell them to call me when they need legal help. It\u2019s a very open community. <\/p>\n

Hekouky received tremendous support from accelerators and mentors:<\/strong> The company was incubated by Mint by EG Bank, who we\u2019ve received ongoing support from until today. We also were part of the Google for Startups and Plug and Play accelerators. Google provided us with public policy, technological, and investment readiness support. I believe in the saying \u201cask for money, get advice, ask for advice, get money.\u201d<\/p>\n

We have now come to an agreement to wind down operations at Hekouky <\/strong>as it currently stands, a decision we came to as we didn\u2019t see a clear path to profitability. Businesses zigzag and this experience has made me a much tougher business person and helped me gain a tremendous amount of experience. <\/p>\n

Data is the name of the game:<\/strong> We\u2019ve already seen the drive towards leveraging data to create cooler technology, for example with Elon Musk using data collected from Tesla to create self-driving cars and now he is looking to rival Chat GPT by using data collected from X. It\u2019s no longer what your company can do, it\u2019s about how the data you collect will create the products of the future.<\/p>\n

Mornings are my spiritual sanctuary: <\/strong>As soon as I wake up, I\u2019m stretching on the mat and doing my morning yoga. This is followed by five minutes of meditation, prayers, and a gratitude practice. I read EnterpriseAM over a mug of tea with milk. Tea is a must, I drink about six cups a day, probably because it reminds me of my grandmother.<\/p>\n

My workday starts at 9am with an hour of responding to emails <\/strong>and I close my laptop at 8pm at the latest, with the final hour of the day dedicated to planning for the following day. Organization is the name of the game \u2014 I use Microsoft To Do for daily tasks, Google Calendar for scheduling and plan my quarters, months, weeks, and days down to a point \u2014 If it\u2019s not on my Google Calendar, I\u2019m not doing it.<\/p>\n

I don\u2019t want a work-life balance, I need work that gives me excitement.<\/strong> For me, burnout is a thing that happens when I feel my efforts are not being rewarded. I don\u2019t think this means that entrepreneurs shouldn\u2019t be kind to themselves or work themselves into the ground, but I also don\u2019t believe in balance. I believe in a rich personal and professional life that looks different across stages of life.<\/p>\n

A book I recommend is <\/strong>Daring Greatly<\/a><\/strong> by Bren\u00e9 Brown. <\/strong>I love the Theodore Roosevelt quote she mentions, \u201cthe credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly\u2026who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly.\u201d I promised myself long ago to live my life in the arena, and to dare greatly every single day in every aspect of my life.<\/p>\n

The best piece of advice comes from my mom<\/strong>, who never allowed me to say I couldn\u2019t do something unless I had empirical evidence to prove it. She never let me feel less than capable of doing something.<\/p>\n","protected":false},"excerpt":{"rendered":"

When I was younger, I really wanted to work in something that provides access to justice to those in 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The six developers who did not qualify for first phase projects have been moved to the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555798,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/homzmart-launches-in-ksa-this-week\/","url_meta":{"origin":620615,"position":3},"title":"Homzmart launches in KSA this week","author":"enterpriseam admin","date":"28 November 2021","format":false,"excerpt":"Furniture and home goods marketplace Homzmart is launching in Saudi Arabia this week after tripling the size of its Egypt operations this year, according to a press release (pdf). The expansion will give Homzmart access to a USD 15 bn market that is growing at a rate of 10% annually.About\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647081,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/riad-riad-calls-amendments-to-judicial-authorities-act-tainted-with-unconstitutionality\/","url_meta":{"origin":620615,"position":4},"title":"Riad & Riad calls amendments to Judicial Authorities Act \u201ctainted with unconstitutionality\u201d","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"Riad & Riad law firm is unhappy with the new, controversial amendments to the Judicial Authorities Act, calling them \u201cclearly tainted with unconstitutionality.\u201d It says claims that the amendments will not affect judicial independence are \u201cflawed \u2026 For example, the head of the State Council, in his capacity and by\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":601004,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/chambers-global-names-top-egyptian-arbitration-litigators-2\/","url_meta":{"origin":620615,"position":5},"title":"Chambers Global names top Egyptian arbitration litigators","author":"enterpriseam admin","date":"17 February 2019","format":false,"excerpt":"Chambers Global names top Egyptian arbitration litigators: Chambers and Partners, one of the top global directories of legal practitioners, has named its top-ranked Egyptian arbitration firms and lawyers. Top arbitration litigators listed in this year\u2019s ranking include: Karim A. Youssef (Youssef & Partners), Tarek Riad (Kosheri, Rashed & Riad), Ashraf\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=620615"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620615\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/620589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/620616"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620615"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620615"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}