Connect with us


Suhail Nurmohamed attributes his remarkable success story to “self-belief”




Online entrepreneur extraordinaire, Suhail Nurmohamed, highlights “self-belief” as his major secret to success

Suhail Nurmohamed is an entrepreneur that has leveraged the power of the internet to rise above imaginable heights in the world of business. As an entrepreneur, the online businessman and business coach went through several challenges to attain his current status. In a recent interview, the online business magnate described “self-belief” as the factor that has fueled his success as an entrepreneur and individual as a whole.

“My secret to success is that I have been very disciplined and showed up even when I didn’t feel like I wanted to. Self-belief is my greatest secret to success. Thousands could believe in you but if you do not believe in yourself it means nothing,” said Suhail Nurmohamed.

The business environment is highly competitive and dynamic, to say the least, with companies of different sizes across different industries jostling for their share of the pie. Several research works have substantiated this claim, revealing that a relatively low percentage of businesses make it past their first year, and even more startups fail to make it to their fifth anniversary. Unfortunately, more people often start their entrepreneurial journey without having a full grasp of what it takes to successfully run a business. This is one of the major factors that lead to the failure of enterprises, particularly with many of the available resources offering seemingly abstract tips to aspiring entrepreneurs. One individual that has defied all the odds to break through the intense competition as a businessman is Suhail Nurmohamed.

Suhail did not have the best of beginnings, with his father having to work 3 to 4 jobs to keep the family moving after his mum was diagnosed with Multiple Sclerosis and was unable to work. However, this rather unfortunate situation only motivated Suhail to push harder. The struggles of his family and not enjoying the basic things of life seem to have helped in molding as he started his entrepreneurial journey at a very early age, getting into the labor market at 16.

At 16, Suhail was already selling packaged sweets he bought from the local corner shop and was beginning to make good money selling to all the students at school. Suhail showed his discipline and tenacity to pursue every cause he set out to, at a very young age and this has helped him as an entrepreneur.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Business Strategies of Michael Gastauer




Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

Continue Reading