Randal Gindi is a New York based successful man, devout family man, and benevolent friend. He has an insatiable hunger to learn every aspect of a business, whether as an owner or an investor.
Although he earned his bachelor’s degree from New York University, his experience came from working at his father’s retail business. He did merchandising, buying, customer service and was exceptionally good at marketing. When the business was sold five years after graduation, Randal Gindi partnered with his brother and opened a health and beauty aids store. Even though Randal brought a lot to the table when the brothers opened the store, the retail industry was not Randal’s calling.
Randal Gindi pivoted his direction and began investing. Understanding the retail industry, he invested in a business that ran events for independent retailers to display and sell their products. Gindi has a keen eye for business and an astute insight into market trends. As a brilliant strategist, Randal and partners sold the business. He had recognized that the internet was emerging as the dominant source for sales in the evolving marketplace.
Randal Gindi transitioned once again. In 2000, he traveled to Africa to research a possible business venture in mining. Before long, Randal Gindi became the owner and founder of Castle Peak. The company acquired a lot of property and eventually went public on the Canadian Exchange. However, shortly after the company went public there was a financial crisis in the European market. Although the company is still in existence today, the funds soon dried up.
In 2015, without any exposure to the wholesale industry. Randal Gindi invested in a cosmetics company. He met with Troy Surratt, the creator of the high-end cosmetics line. His investment continues to pay off as the Surratt Beauty product line has gone global. Products are produced in Japan and shipped to the U.S. and distributed to all the high-end leading cosmetic companies. Gindi said I learned a lot about selling Wholesale. It was a good experience and it is doing well.
Today, Randal Gindi is in the comfort of family as he and his brother buy, sell, and own real estate. He is also a Founder in a media company. The company is the Warner Media Group – an Entertainment and Film Production Company.
Through all of his business ventures he has experienced, Randal Gindi seeks the highest gift that life has to offer. That gift is Balance in life…This comes from the man who insists on having dinner at the dinner table with his family every night.
Where did the idea for your career come from?
Our family owned a property that had little value for many years. As the years went by, the property increased in value exponentially. It was a starting point for my brother and I to go into the real estate industry.
What does your typical day look like and how do you make it productive?
We do buying and selling of buildings. I am involved with all aspects of the real estate business. I work with banks, I investigate properties of interest, or perhaps renovating a building. I also follow my other business investments during the day.
How do you bring ideas to life?
If I see an idea that I like, I do my research. I ask a lot of questions. I get many of my ideas when I am simply walking the streets, or at a trade show. I have a great imagination. In fact, I get my inspiration from things that I see.
What’s one trend that excites you?
Trends are changing all the time. The world is ever evolving and my wish is to always stay updated. Everything has to be online today. To build a successful business in this day and age, the business has to be accessible by cell phones, computers or tablets. Everything has to have an online presence. Everything else is a dinosaur. You have to figure out how to get a step ahead of that. With the advent of social media, businesses have to master the online experience. Technology is driving everything and any business owner that cannot adapt to these changes will just become irrelevant.
What is one habit of yours that makes you more productive as an entrepreneur?
I believe that working-out and eating well keeps your mind in a good place for both family and work.
What advice would you give your younger self?
I would say go with your passion and go with what you love. I believe that if you go with what you love it won’t feel like work. That is the most important thing for a young person starting out today.
Tell us something that’s true that almost nobody agrees with you on.
Be yourself, it’s not what people think of you. It is what you think of yourself. I feel people should do what makes them happy not what other people think they should do.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I like to read business news and trends. I want to know what the economy is doing. No matter where you get your information. It is important to keep the wheels turning. I get a lot of ideas from reading. Information is power. As things change you have to stay informed.
What is one strategy that has helped you grow your business?
One strategy that I used was to master each part of a business. Don’t move too fast. You want to organize everything within the business first. Then, you want to grow slowly. In real estate I don’t do risky things. That is what works for me. I don’t bite off more than I can chew. Take your time and do it right.
What is one failure you had as an entrepreneur, and how did you overcome it?
As an entrepreneur not everything is going to work. If it doesn’t work, just move on to the next business. You learn and move on. Experience is the key to building blocks.
What is one business idea that you’re willing to give away to our readers?
When you go to Japan, they have heated luxury seat toilets with a water sprayer to clean. It is much cleaner and hygienic. They are prevalent in Asia and I don’t understand why they have not taken hold here. It should be the normal toilet in every household. Another idea when things return to normal is wellness centers. Businesses which provide advice on nutrition, personal workout plans, life coaching, as well as potentially offering botox. Anything to help people look and feel younger.
What is the best $100 you recently spent? What and why?
I gave that money away to a friend of mine who needed it. It is very important to give to others. Helping other people is what counts in this world. We don’t live forever. The things that you take with you is what you’ve given away or how you helped others. It’s a good feeling.
What is one piece of software or a web service that helps you be productive?
The tools that I use CNBC, Yahoo finance, fox, websites and for a different perspective CNN.I find current breaking news on twitter.
What is the one book that you recommend our community should read and why?
I am honestly not an avid book reader. I read for pleasure for the entertainment escape. When I was younger, I was inspired by Richard Branson and Ted Turner because they are amazing entrepreneurs in real-life situations who think outside the box.
What is your favorite quote?
If you want to live a happy life, tie it to a goal, not to people or things.
● Every business has to have an online presence. Everything else is a dinosaur.
● Be yourself, it’s not what people think of you. It is what you think of yourself.
● People should do what makes you happy not what other people think you should do.
● Information is power. As things change you have to stay informed.
● Don’t bite off more than you can chew. Take your time and do it right.
● Experience is the key to building blocks.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.