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Forbes Finance Council Member Spotlight: Ami Kassar, CEO and Founder of MultiFunding
Work is important, but don't let it dominate your life.
Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Successful leaders from world-class financial companies, each bringing a wealth of experience to the table. In this spotlight series, we profile our incredible members and share their advice with you. This week: Ami Kassar.
Ami Kassar is the CEO and founder of MultiFunding, a business loan advising company that helps companies find their best loan options. Founded in 2010, Pennsylvania-based MultiFunding works with hundreds of lenders across the country. Through his company’s work, Ami helps business owners to grow and manage their businesses by helping to find them the best financing options available.
How did your career as a finance executive take off, and what do you attribute your success to most?
I was fortunate to grow up in a community of entrepreneurs. Family friends would sit around the dining table and discuss ideas. The give and take taught me valuable lessons from an early age. I learned that great ideas don’t materialize suddenly; they develop over time. The process involves a lot of stops and starts. I also discovered that there really is no such thing as a bad idea – at least in the germination stage.
How do you keep yourself motivated and driven by your work, regardless of how busy you are day to day?
As the head of my company, I’m always trying to think one move ahead in terms of business strategy so my team can remain on the cutting edge. And promoting a work-life balance is key. I expect my team members to work hard, but their job can’t dominate their life. That means having fun at work, while also providing the off-time they can spend with their families. This helps to keep all of the team motivated.
What do you see as the future of the financial world?
The goal for my company, MultiFunding, has always been to make business lending more transparent; that is the hope for the future of the financing. The lending world is not neatly arranged and many businesses aren’t sure of their options, let alone who might be able to help them. I wanted to fill that gap. I am a thought leader on the lending market and have advised the White House, the Federal Reserve Bank and the Treasury Department on the business credit markets to advocate for these changes.
What is your best finance-related tip for businesses?
When it comes to financing for your business needs, be prepared and willing to explore your options. Every business has a unique need, whether it be working capital, acquisition, equipment purchase, debt restructure, a bridge loan, property purchase, etc. There are products beyond your local bank to fit businesses needs. Exploring these options and having your accounting records in order will make the process of obtaining funding much easier.