Famous Immigrant Entrepreneur from Pakistan in USA Essay

Edible Arrangements is a U. S. -based franchising business that specializes in fresh fruit arrangements, melding the archetype of fruit baskets with design inspired by the floral business The ships company is headed by Tariq Farid, who partnered with his brothers to open the first Edible Arrangements transshipment center in Hamden, computerized axial tomography in 1999. After designing the computer systems, training manuals, production and profitability tracking and supply chain management process, they began franchising the concept in 2001.As of 2008, the business had grown to more than 900 stores serving locations in the unify States, Canada, Puerto Rico, the United Arab Emirates, Saudi Arabia and the United Kingdom. In March 2008 Edible Arrangements was reported to bear annual revenues of $195 million Netsolace Netsolace is a engineering science company that provides groundbreaking technology solutions for the certification industry.For franchisors seeking the ultimate c ontrol over their businesses, both in terms of relationship management and operational efficiency, Netsolace withdrawers a suite of turn up software solutions that enables better monitoring, communications and data management at apiece stage of the franchise lifecycle. Our comprehensive suite of convenient and flexible web-based applications stack be accessed from anywhere. They are designed to support both the franchisor and franchisee business take and provide real time information for comprehensive data abstract and management reporting.To see how we can help you, please review our billet or contact us. We will be happy to answer your questions and show how our solutions can help your business and its bottom line. Life History Tariq Farid was born(p) near Lahore, Pakistan, in 1969, the oldest of six children of Glulam and Salma Farid. His father immigrated to the United States in the 1970s, on the job(p) in Connecticut as a machinist. Tariq Farid arrived in the United S tates with the remainder of the family in 1981, when he was 11 age old. As a teenager, Tariq mowed lawns and worked in a McDonalds restaurant.In 1986, when he was 17, the family bought and began operating a peak shop in East Haven, Connecticut. While working in the family business, which spread out to additional locations, Tariq developed a computerized point of sale system for floral shops, and struck out on his own in 1991 in a business selling computer systems to prime of life retailers. Tariq launched the first Edible Arrangements store in 1999 in East Haven, Connecticut. He was inspired by the crossing of three trends Americans growing consumption of fresh fruit, the robust growth in the specialty food market and the increasing amount of money Americans were spend on gifts.Edible Arrangements was named one of Americas fastest-growing privately held businesses in America by Inc. magazine and one of the top franchise systems in Entrepreneur Magazines Franchise 500. Tariq ha s four pending U. S. patents for proprietorship fruit-cutting equipment that he designed. Achievements In 2009 Tariq was recognized as Entrepreneur of the Year by the International Franchise Association. IN 2009 Tariq was named the Ernst & Young Entrepreneur of the Year. He spoke at the 3rd Leadership Summit held by the council for the forward motion of Muslim Professionals and at the Small Business Summit held by The new-fashioned York Times.Tariq Farid was born in Pakistan in 1969 and immigrated to the United States at age 11. He grew up in West Haven, Connecticut and became a U. S. citizen in 1986. He developed the Salma K Farid Academy, a non-profit learning and community center, to honor the wishes of his deep mother whom he credits as the inspiration for his success, and the Salma K Farid theme to provide for those in need Current Capital 700 Million Dollars His audience Published in New York Time I WAS born in Pakistan and came to the United States in 1981, when I wa s 11.My grandfather owned a acquire in Pakistan and we had been fairly well-to-do. We started at the bottom when we came here. My father found a job as a machinist during the day and worked at McDonalds and Burger King at night. All five of my siblings pitched in. I delivered newspapers to three hundred houses. Instead of putting the paper into the mailbox, Id deliver it to the door. I got dandy tips. When I was 13, a prime quantity shop hired me to piss the flowers. Soon I was taking care of orders. By 16, I had learn a lot. One day my father found a flower shop for sale in the paper. The owner wanted $6,000.My dad asked me if I could run the shop, and I said sure. We got a cash advance and a loan from a friend. I thought Id negotiate, and asked the owner what terms he was offering. He looked at me as if to say, What can this pull the leg of possibly know? We opened a week before easter and earned about $50 a day. I stayed open until 7 p. m. , seven days a week, because f ew other flower shops did. I thought $350 a week was wonderful. Soon, sales doubled, and I was shocked. Five years afterwards, we had three shops and were making close to $1 million a year. I said we needed to settle more, about $5,000 a day.My mother asked me if I remembered when I was making $50 a day and she suggested that I relax. I told her that it never really ends, and that I could achieve that goal. It was a lot of work. I didnt really have a social life. We stayed open on holidays. On my way to high school, Id drop off my mother at the shop. She spoke no English, so I told her what to do to supervise the two employees. After school Id make flower arrangements and deliver them myself until I could hire a driver. I be college part-time, but I started weighing the benefit against what I was making.I resolved to put off school, and I never finished. I was so young when I started a career that I blindly jumped into it. Edible Arrangements, which I started in 1999 with my bro ther, Kamran, goes back to our roots. In Pakistan, my father always brought home lots of fruit for us. When we started the company, we created basic fruit arrangements that included fresh pineapple, strawberries, cantaloupe and more, and later added extras like chocolate and cinnamon toppings. We got 30 orders the first day. We had learned from our flower stores, so this time did everything right.A stranger asked about opening a store, which gave us the idea to franchise them. I knew nothing about the franchise industry, so I contacted an association for the names of experts and found Michael Seid. He gave great advice. Ive started several other companies. One is Frutation by Edible Arrangements, which includes salads and fruit drinks. Theyre sold in Edible Arrangements stores and stand-alone stores. I excessively started Netsolace, which provides software for the franchise industry. Another, Berry Direct, offers containers, vases and other products to our Edible Arrangements fran chisees and other companies.I just started the Farid Capital Corporation a financing company that helps franchisees pervert equipment. When I was starting out, I used to give my mother $50 a week. When I wanted to buy a building for our sec Edible Arrangements location, I needed $40,000 more than I had. My mother had salve the money I gave her over the years and handed it back to me. She asked moreover that I do something in her name someday and give her $20,000 for my infants wedding. When my mother passed away in 2000, I started a knowledgeability in her memory. The organization built a hospital in Pakistan for free people and an Islamic school in the United States.