Tariq Farid, Pakistani American entrepreneur

Tariq Farid is a Pakistani born American. He started his entrepreneurial career at an early age, by successfully managing flower shops. His latest started venture is Farid Capital Corporation that helps franchises buying equipment. Farid is a serial entrepreneur. Besides starting Farid Capital Corporation he is also operating an international franchise business by the name edible arrangements. Edible arrangements was started by Tariq along with his brother in 1999. His edible arrangements boasted revenues of 195million us dollars in 2008, and owns 883 franchises internationally.

His other entrepreneurial ventures are related to software. He created Netsolace, which is a software company and specializes in providing software to franchise industry.

Farid attribute his success to his business philosophy. According to him his success has come from paying attention to often overlooked details such as website, order tracking and follow-up customer service, the logo and branding, and employee training.

Farid has been recognized as an entrepreneur of the year by international franchise association in 2009.

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tariq farid

Netsol, software company from Pakistan

NetSol is a Pakistani software company. It was a small company started by three brothers in Lahore with 5 people. But now it has been registered at NASDAQ USA and employees more than 800 people. NetSol technologies is only company in Pakistan to have focused on certification. It is one of the hundred companies which have acquired CMMI level 5 certification. This is one of the reasons of its success because consumer is short of time and can trust the product developed by certificate companies.

NetSol technologies begin its operation in 1995 and got a major break through in 1996 when it got first major offshore contract with Mercedes Benz, Thailand. Since then it is receiving orders from many international clients.

Its product achieved world wide acclaim and some of its products are NetSol financial suit, e-CIB (electronic credit information bureau), etc. NetSol technologies has offices in different countries including United States, United Kingdom and Australia. It's headquarter is in California USA. In 2008 it has earned revenue of 37 million us dollars.

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ENTREPRENEURSHIP AND BENEFITS TO SOCIETY

Sadruddin Hashwani is a Pakistani billionaire. According to information available on the internet he has a net worth of 1 billion us dollars. He owns many five star hotels including world famous Marriott hotel Islamabad. He also owns stakes in many other businesses. He provides services to many people by offering staying facilities to many delegations foreign as well as domestic. His businesses also include oil and gas exploration and Production Company. He provides employment to many people directly and indirectly.

There are many other businessmen who provide employment to many people. Many overseas Pakistanis also have invested heavily in Pakistan like Sir Anwer Perwaiz. His Bestway group has invested in banking and cement manufacturing sector. His businesses also employees many people. Along with providing employment, his business produces products that are exported to many other countries. Cement manufactured by his plant is exported in huge quantity to Malaysia earning heavy foreign exchange.

Alsher Fiyaz is another expatriate Pakistani who is the founder of alfi investment and his company has stakes in shipping and retailing industry. His brother Javed Fiyaz is involved in many charity projects in Pakistan. Fiyaz family has an estimated net worth of 3 billion pounds.

Entrepreneurs generate opportunities for employment and earning foreign exchange. They produce goods and services for consumption inside and outside our country. So in regard to these services they should be respected by community and Government should facilitate entrepreneurs, as entrepreneurship is engine to economic growth.

Internet Business

Recently Facebook went public. Its value is above 100 billion us dollars. There are many internet companies that went public and are enormously valued. But still majority of internet companies are private. Majority of these companies are built by people aged less than 40, like Mark Zuckerberg. Well known Cook family has started many internet businesses including the myYearbook. Internet offers enormous opportunity to entrepreneurs.  The fact is that internet has given rise to the global economy that has no borders. You can provide your services to different people of the world, belonging to different continents.

The best side of internet business is that there is practically zero marginal cost in this business. Secondly you do not need heavy infrastructure like transport, rails and roads, etc. this offers remarkable opportunity to entrepreneurs from third world countries. Monis Rehman is one such entrepreneur who started Rozee. It has been estimated to be worth more than 600000 us dollars. Scrybe Founder Faizan Buzdar has also made use of internet.