Exclusive Interview of Omar Eraky of MobiLusso & Co. Edited by Powered Magazine
Omar El Eraky is the Co-Founder at MobiLusso. MOBILUSSO specializes in creating luxury furniture (classical and neoclassical) for residential, commercial, hospitality, contract and site furnishings. We reached out for an interview. Read more to find out how you can succeed as a woman in a finance role.
Tell us about yourself and your business.
I grew up learning the craft of making furniture because my family has been in the industry for many generations. My affinity for this industry has led me to refer to furniture as an "Art." I was anxious to put what I had learned into practise, so in 2007, we established our own business, MOBILUSSO, which is Italian for "luxury furniture," or "Mobili di Lusso." Our mission has always been to offer unique designs of the highest calibre, and I think we have been successful in that throughout the years. First, we had amazing success on the domestic market. After two years, we switched to exporting, and today we provide our goods to all nations.
What were your biggest challenges when starting your business?
Initially, all we had was an upholstery shop. This was a significant difficulty for us, and the designs were not completed successfully, or at least not to the standard we had set. Several of our ideas were copied since we did not have complete control over the manufacturing process, in addition to the delivery delays.
How have you handled success and failure over the course of your career?
The best teachers for humans are their mistakes. I did not mourn any errors because I had already learned from them. In 2010, we created a clear plan and put all of our effort into implementing it. In order to learn from past mistakes, we planned to construct a small factory with all manufacturing steps and then grow to establish a huge factory as the production volume increased. The actual starting location was here. Once we started to see that we were making progress towards our objective, something happened that we could not have predicted since we did not design a fire system when we first opened the plant and instead chose to put these costs into the equipment. Yet because of what we did, this was one of the largest errors that happened.
We lost everything when the factory caught fire. One of the most important things I learned in my job was that paying attention to even the smallest detail might cost you everything. Because it's the little things that lead to the biggest accomplishments. We were able to overcome this and continue on to where we are today because we had a balance of clients, so we didn't literally go back to the starting place.
What strategies do you use to stay competitive in a changing market?
Occasionally, strategies change depending on the market in each nation. The design is crucial to us. Even if we have flexible quality requirements, we may still fiercely compete. We stay up-to-date with new designs and competition. We continuously track consumer preferences in each market and provide various, distinctive designs that are appropriate for these markets. We can consistently offer high quality at affordable pricing since we have access to all manufacturing stages.
What motivations drive you to keep pushing forward in the face of adversity?
I've always believed that adversity propels you forward and makes you stronger. I learned that answers are found in adversity, but solutions that don't please you now might not be available later on. I read a lot, analysed the problem, and tried to discover all the solutions. I thus learned to take my time. I acquired the ability to uphold morals while remaining sufficiently adaptable. In God, I believe that there is much good that comes out of the bad. Strong workplace connections may help with many issues.
What advice would you give to someone just starting out in their chosen field?
Work honestly without rushing outcomes, evaluate their progress over time, assess and amend their objectives, refrain from insisting on mistakes, and pay attention to the authorities in the field. Exploit the loopholes after thorough market and competitive research. They should have a measured risk-taking attitude since you learn from your experiences and are eager to learn from your failures. They just labour hard and wisely, and the benefits will be greater than they can anticipate. They never consider the end result.
How have technological advances affected the way you conduct business/operate your venture?
Technology has undergone significant evolution. We are still better at producing our goods using traditional production techniques. Yet because of the time, money, and effort that modern equipment saved, prices and competitiveness improved. Also, we were able to provide additional items that we had previously been unable to owing to the complexity of making them entirely manually. Many of the business finishes that we presented altered the idea of conventional furniture. Our ability to quickly contact our intended audience has made life much simpler.
In what ways has customer feedback/response influenced how you prioritise goals/objectives for your business/venture?
Many of our consumers are informed about our newest goods, and we pay close attention to their comments. We make necessary product adjustments Contrarily, some items have been withdrawn from the market before they have even been released as a result of client feedback surveys.
What trends do you see emerging in your industry that are likely to shape its future growth and development?
I believe that artificial intelligence is now creating fictitious designs with the least amount of time and effort. Because of it, I believe the industry will have tremendous growth over the course of the next five years.
What have been the most rewarding and difficult aspects of your chosen career/business path?
The most satisfying thing is that I felt content. The hardest part is having to constantly think about and deal with obstacles that arise in the industry. However, I have learned to view these challenges as opportunities for growth and have developed a resilient mindset. Additionally, seeing the positive impact my work has on people's lives makes all the difficulties worth it.
Are there any skills or areas of expertise that you think are essential for success in your field?
Do you think there are any abilities or specialties that are required for success in your field? Well, I have a lot of expertise in the furniture sector because our family has carried on this tradition for decades, which was really helpful to me. Instead of focusing on the details, consider the entire picture. Flexibility Negotiation Identify commonalities Trial and error determines an item's value rather than its price.
How has working remotely or online impacted your business/venture over the past year?
We do business and complete tasks online, and this has a very favourable impact. Around 2020, consumer behaviour shifted and leaned more towards online activities. For us, working with businesses or independent contractors over the Internet has become a major part of our company.
What tips would you like to offer to others who are in a similar position to you but looking to take their careers/business further?
You can find representatives for them in many countries.
Establish new partnerships.
Is there anything else you would like to share with our readers that we haven’t already discussed?
I enjoyed this conversation a lot and wish you all success. I look forward to meeting you again.