Finding Success Through Building a Collective Legacy with Mohamad Fakih

My thoroughly fascinating guest today is Mohamad Fakih, CEO of Paramount Fine Foods. Originally from Lebanon, Mohamad eventually made his way to Canada with very little money, and has gone on to create a highly successful empire and legacy through his commitment to putting people first.

In addition to his current CEO role, he is the Chairman of Fakih Foundation, the Voice of UNHCR Canada, an award winning entrepreneur, and above all, a passionate and well respected philanthropist and activist.

In this dynamic interview, Mohamad goes on to explain what Halal food is, details the investments he makes, and offers his advice for business owners and those considering becoming entrepreneurs. Our conversation concludes with Mohamad sharing his definition of financial independence, and making a passionate plea to others to contribute to a better collective legacy for our children.

Listen to the podcast · Download transcript

Highlights:

Mohamad came to Canada with just $1500 and has gone on to build a successful empire through a strong work ethic, a commitment to help others, and, above all, by investing in people.
He believes that if he takes care of his people, they will take care of the customers, and that putting people first is not only the right thing to do, it’s profitable as well.
Paramount has recently diversified by launching three other brands, and has continued to grow during the pandemic.
Mohamad’s main investments are giving back to the community.
He believes that financial independence must include social corporate responsibility.

Quotes:

“I went to that place, and this is all where my relation with the food industry started by buying a kilo of baklava for my family.”

“Bottom line here, having a diverse team, coming from a lot of places around the world, again it’s not something that makes your company look better, it’s actually something that makes your company more profitable. It gives you opportunity to expand more.”

“I actually have a true belief that your money will not be less by giving. I actually believe their money will multiply by giving others, and I have proved it.”

“People will never know how much is in our bank account, but people remember always what we’ve done to others.”