At the height of the banking crisis in late 2008, when most people were desperately clinging to their jobs, Mazen Khanafer left his.
The former senior financial analyst, who was just 24 at the time, saw the downturn as the perfect opportunity to fulfil an entrepreneurial ambition.
"I just decided that it was about time I left my professional career and start my own thing," he says.
"For me it was the right time to get in, because competition was really low," says the founder and managing director of Shift, a consumer electronics accessories distributor in Dubai that represents four brands, including one that makes exotic cases for mobile phones.
He saw his chance in the mobile industry when he read an article about a US-based company.
"Case-Mate was still pretty new back then. They were still thinking inside the box, but one day they decided to think outside of the box and create this case for the old [BlackBerry] Bold 9000.
"It was like reptile green and crocodile brown," he says. "When I saw it, I thought 'this might sell here'."
And he spent the next two weeks "stalking" the company until he finally tracked down the right person, who happened to be passing through Dubai. "He said 'listen, we have almost signed with someone, so I'm not sure. Maybe it's not worth it'."
After persuading the Case-Mate executive to hear him out, Mr Khanafer told him that he was willing to commit to US$500,000 (Dh1.8 million) worth of stock in the first year to become the company's exclusive distributor in the Middle East and Africa.
"I took him around and showed him what we can do with the retailers, and he said 'I feel like giving you a chance'," Mr Khanafer says.
"'So you're not established; the other guys are established, but I like your drive. I like the fact that you want to invest into it. I like the fact that you are ready to commit to these minimums, and I want to try it with you and I'm ready to help you'."
Mr Khanafer placed his first order for $50,000 worth of mobile-phone cases, which sold out as soon as it came in.
Within six months he was able to repay a Dh500,000 loan he received from his father.
But there were some challenges. Being just 24 when he started the business meant that he was younger than his marketing and sales managers. But he quickly learnt how to deal with people.
"If you go to somebody and say I want to sell you this, how much am I supposed to sell you it for? It was challenging … It was a learning process," says Mr Khanafer.
Almost three years on, Case-Mate is in more than 300 stores in the UAE.
Shift is also in talks with Samsung Electronics about distributing the company's accessories in the Emirates.
"Why did we succeed? We took a product that was a higher price than any of our competitors. It was different, it was of better quality, it was stylish and it was daring," says Mr Khanafer. "We took a risk and retailers liked us. They wanted to try and experiment, just like us."
gduncan@thenational.ae
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The%20Genius%20of%20Their%20Age
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
COMPANY%20PROFILE%20
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Step by step
2070km to run
38 days
273,600 calories consumed
28kg of fruit
40kg of vegetables
45 pairs of running shoes
1 yoga matt
1 oxygen chamber
Company%20Profile
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SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Company%20Profile
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
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Company%20profile
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded