How Karim El Gendy's early experiences shaped his entrepreneurial journey
Karim El Gendy’s career began with a monthly salary of just Dh2,000 and a determination to build something of his own. Today, as Co-founder and CEO of Royal Trust Solutions, he draws on years of experience building and scaling businesses in the UAE. We sat down with El Gendy to learn more about the decisions, challenges and lessons that shaped his approach to entrepreneurship, leadership and…
Karim El Gendy began his entrepreneurial journey with a modest monthly salary of Dh2,000 in 2013 after moving from Egypt to Dubai. His confidence to take that first step stemmed from developing a successful strategy for a diving center, which led to a promotion and a salary increase. However, the owner's reluctance to expand prompted El Gendy to establish his own company in 2015, taking out a Dh180,000 bank loan.
A clear idea, practical experience, and conviction in his vision sustained him during this risky endeavor. Several decisions shaped his journey, such as taking a calculated risk, building a strong team of capable partners, and embracing resilience in the face of setbacks. Despite financial challenges and the need to adapt as the business grew, El Gendy never gave up.
Dubai's supportive environment allowed him to start anew with limited resources, shaping his entrepreneurial philosophy. For aspiring entrepreneurs with limited resources, El Gendy advises maintaining the courage to begin again, learning from mistakes, and focusing on creating meaningful opportunities for others. Success, for him, extends beyond financial gains to include freedom, meaningful impact, personal growth, and the ability to adapt and continue the journey.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
