We recently connected with Faran Malik and have shared our conversation below.
Hi Faran, thanks for joining us today. Risk taking is something we’re really interested in and we’d love to hear the story of a risk you’ve taken.
One of the biggest risks I’ve ever taken was leaving my high paying tech job and starting my company, FCI Group. As a visionary leader I took the approach of solving a problem in a very niche market in the Hospitality Industry, by providing our Investors access to high quality, high, barrier to entry market Investments and providing high returns to our Investors. I knew that my job in tech could only take me so far and I wanted more. I thought about ways to do something more fulfilling for myself and was able to use my connections and think of the idea to create a real estate syndication firm. Within a few months we were able to grow the business very rapidly and we currently syndicate for about half a billion dollars in Investment funds. If I really wanted to see the type of success I was looking for I knew I needed to start my own business. The risk I made paid off. I love what I do and continue to do it everyday with pure excitement. I would choose to do this again in a heartbeat. I enjoy leading my teams and helping make a difference in other people’s lives. We have done a great job at providing value to our investors and are now backed by some of the top names in the industry.
Faran, before we move on to more of these sorts of questions, can you take some time to bring our readers up to speed on you and what you do?
I have a background in the tech industry and transitioned to become an entrepreneur. I founded FCI Group, a real estate syndication firm, to address the limited access accredited investors had to high-return markets with little competition. FCI Group has garnered significant attention in the industry, navigating high-profile deals and establishing FCI as a prominent player in the real estate market. Notably, FCI has successfully syndicated important projects with companies like Ritz Carlton, MGM Grand, Hilton, and Marriott. My expertise in investment management allows me to deliver tailored services, meeting the unique needs of FCI Group’s clients. Beyond my professional pursuits, I dedicate my time and resources to humanitarian efforts, coordinating teams and providing aid in disaster zones such as Puerto Rico, Dominican Republic, and Turkey. As the visionary leader of FCI Group, I continue to drive the firm’s success, creating valuable opportunities and positively impacting the real estate industry and beyond.
Have any books or other resources had a big impact on you?
“Can’t Hurt Me” by David Goggins is one of my favorite books. During some of the most challenging times in my life, I read this book, and it helped me keep going. In the book, Goggins talks about having the ability to find just a little bit more within yourself. He also explains how we tend to give up on what we are doing when we are only 40% done, even though we have another 60% within us to keep going. We just need to find it within ourselves. This has helped me stay on track and dedicated to my business knowing that I need to stay self motivated to keep going when things are getting tough & always ask myself, “is the job finished?”
How do you keep your team’s morale high?
Managing your team and keeping their morale high is one of the most challenging and essential aspects of leading a company. It always starts from the top when it comes to leading your teams. As a startup you need talent who believes in your mission from day one and have the ability to see the direction the company is headed towards. To manage your team, you need to have structure. That is one of the most essential main components to having a successful team. Structure within a team gives you credibility and accountability within your team. It also creates the most effective teams when everybody knows their job and does it. When your team is able to work together to do that you are able to accomplish amazing things. Maintaining high morale within that team is also a very important skill to have. The advice I would give for this is to really know and understand your team’s needs. When you’re a leader you should understand the team you lead. Without understanding them you can’t understand your business and cohesion within the business will never come to fruition.
Contact Info:
- Website: https://www.farancapital.com/
- Instagram: https://www.instagram.com/thefounderguy/
- Linkedin: https://www.linkedin.com/in/thefounderguy/